Corporate Current Account

Corporate Current Accounts

Our Corporate Current Accounts are designed to take care of your business transactions with ease and efficiency. Choose from a wide range of current accounts suiting your business needs and unlock flexible banking facilities and a host of privileges.

 

Types of Ujjivan SFB Corporate Current Accounts

    • Customize cash deposit limits with Flexi Next/Flexi Now for business seasonality.
    • Free RTGS and NEFT services through any channel.
    • 150 free cheque leaves per quarter.
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    • Deposit cash for free at Ujjivan SFB branches, up to 10 times previous month's average balance or ₹3 lakhs, whichever is higher.
    • Increased ATM withdrawal and shopping limits of ₹1,00,000 per day.
    • Complimentary e-statements.
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    • Flexible cash deposit limit across branches (based on previous/current month's average balance).
    • Unlimited free ATM transactions at Ujjivan SFB ATMs.
    • No extra charges for non-home branch transactions
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    • No required average monthly balance.
    • Zero initial deposit for account opening.
    • Free monthly hard copy statements are available upon request.
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FAQs

1. What is a corporate current account?

A corporate current account is a bank account designed for businesses to manage their day-to-day financial transactions. Unlike savings account, a corporate current account doesn't earn interest but offer features higher withdrawal and deposit limits and easy online access.

2. What is the difference between a savings account and a current account?

A savings account is designed for individuals who want to save money and earn interest o while a current account is designed for businesses to manage daily transactions. Money deposited in a current account doesn't earn any interest. However, current accounts come with an array of other facilities like high cash deposit and withdrawal limits, overdraft facilities, and other premium features.

3. What are the different types of Corporate Current Accounts offered by Ujjivan Small Finance Bank?

Ujjivan Small Finance Bank offers three Corporate Current Accounts, which include:

  • Business Edge Current Account
  • Premium Current Account
  • Regular Current Account

4. Who can open the Ujjivan SFB Corporate Current Account?

Typically, Corporate Current Accounts with Ujjivan SFB can be opened by various types of entities, which include the following:

  • Resident individual
  • Sole proprietorship
  • Partnership firm
  • Limited liability partnership
  • Limited company
  • One-Person Company
  • Hindu undivided family
  • Section 8 / Section 25 Companies
  • Trust, Association, Society, Club

5. Is there any minimum balance requirement in Ujjivan SFB Corporate Current Account?

The minimum balance requirement in Ujjivan SFB Corporate Current Account can vary depending on the specific account type. You need to maintain a minimum monthly average balance in your account based on the account type.

6. Can I access my Ujjivan SFB Corporate Current Account online?

Ujjivan SFB offers Internet banking services to account holders. You can access your account online for electronic fund transfers such as NEFT, RTGS, IMPS, download statements, conduct transactions, and avail of other banking services.

7. Are there any charges for ATM transactions at all Ujjivan Small Finance Bank ATMs?

Ujjivan SFB Corporate Current Account holders get Unlimited free ATM transactions at all Ujjivan Small Finance Bank ATMs.

8. Are there any maximum limits for ATM withdrawals and shopping in Ujjivan SFB Corporate Current Account?

The maximum limits of ATM withdrawals and shopping in Ujjivan SFB Corporate Current Account can vary depending on the specific account type. Check with the bank at the time of opening the account to know the specific limits on the type of current account you are opening.