Product Details
Bank Name
Ujjivan Small Finance Bank
Account Name
Ujjivan Senior Citizen Privilege Account
Account Type
Saving
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 5 Lakh 6% Above 5 Lakh And Upto 25 Crore 7%
Free Debit Card
Yes -Rupay Platinum Debit Card

Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 25,000
Debit Card Charges
0
NEFT Charges
Free
IMPS Charges
Nil
Fees and Charges
Ujjivan Senior Citizen Privilege Account
Special Features
Accidental insurance of upto Rs. 2,00,000/- available
Eligibility Criteria
Indian resident above 60.
Minimum balance of INR 25,000 or cumulative FDs worth INR 5 Lakh or above with Ujjivan Bank
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Flexible eligibility criteria and balance maintenance options.
Unlimited free fund transfer through internet and mobile banking.
Unlimited FREE transactions across any bank ATM.
25 FREE cheque leaves per quarter.
No Additional charges for Non- Home branch transactions.
Best in class FREE Personalized RuPay Platinum debit card with multifarious benefits.
Airport Lounge Access - 2 free access per quarter across 30+ Domestic lounges PAN India.
Instant discounts on Swiggy and Amazon.
Higher accidental insurance up to Rs.2,00,000 per annum
Cons
Ujjivan has limited branch and ATM Network.
Ujjivan Senior Citizen Privilege Account Review
The account offers a number of value add features. It also offers a high interest rate. Overall the account offers a great package of benefits for senior citizens.

Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
1. Check Eligibility:
Age: You must be a senior citizen (age 60 or above).
Financial Criteria: You'll likely need to meet specific financial criteria, such as maintaining a minimum AQB.
Contact Ujjivan SFB: Reach out to Ujjivan Small Finance Bank directly (via their website, app, or customer service) to inquire about the exact eligibility requirements for the Senior Citizen Privilege Account.
2. Gather Documents:
Proof of Age: Age proof (e.g., PAN card, Aadhaar card, birth certificate, passport)
Identity Proof: Aadhaar card, PAN card, passport, driver's license, or voter ID.
Address Proof: Passport, driver's license, voter ID, utility bills, or bank statements.
Photographs: Two recent passport-sized photographs.
3. Visit a Ujjivan SFB Branch:
Schedule an Appointment: It's advisable to schedule an appointment with a Relationship Manager at the bank branch.
4. Complete the Application:
Provide Information: Fill out the application form with your personal and financial details.
KYC Verification: Undergo Know Your Customer (KYC) verification by providing necessary documents.
5. Account Opening:
Approval: Once your application is approved, your Ujjivan Senior Citizen Privilege Account will be opened.
Welcome Kit: You may receive a welcome kit with details about your account and its benefits.