Escrow Current Account

Escrow Current Account

At Ujjivan Small Finance Bank, we always ensure you get the best of everything. A new addition to the list is – Escrow Current Account which can be used for facilitating variety of transactions including-

  • Escrow for Real Estate/RERA
  • Escrow for Funding based on Rental Yields / LRD
  • Escrow for revenue sharing
  • Milestone Escrow
  • Escrow for Mergers and Acquisitions
  • Escrow for employee compensation
  • Escrow for legal settlements
  • Escrow for banking correspondents
  • Escrow for vendor financing

Features include

  • NIL cost of account opening and no requirement of maintaining any balances
  • View option and statement download option for net banking users
  • Monthly statements

The value proposition includes

  • Login view access for all accounts
  • Specialized team for quick implantation in a smooth and efficient manner
  • Comfort to all the parties with added security

FAQs on Escrow accounts

What documents do need to open Escrow Current Account and whom do I contact to open the same?

To view the list of documents required for opening a Current Account with Ujjivan SFB, please visit- The type of documentation depends on your business entity type. Additionally, dependent on the type of Escrow Account required, you need to sign scenario specific agreement.

How do I close my Escrow Current Account with Ujjivan SFB?

For closure of Escrow Account, you may submit formal request under the signature of the authorized signatory(ies) at the branch where the Escrow Account is maintained. Unused cheque leaves need to be returned. This is however subject to compliance of other formalities, if any, depending on the entity’s constitution or the type of Escrow Account or the applicable provision of law.

Is there any Debit card feature enabled for Escrow Account?

No, Debit cards are not allowed for Escrow Current Account.

What is Monthly Average Balance (MAB) requirement for Escrow Account?

There is no requirement of MAB for Escrow Account.

How do I keep a track of all the transactions done in the Escrow Account?

You may avail internet banking facility only for view access and keep a track of all transactions done in the Escrow Account

  • For more details, refer the TnC