Ujjivan SFB launches- Ujjivan Sweep Smart for its Maxima Current Account Holder

Maxima Current Account customers to enjoy FD rates without losing liquidity

Bengaluru, August 26, 2025: Ujjivan Small Finance Bank (Ujjivan SFB) announced the launch of Ujjivan Sweep Smart, an auto-sweep feature designed for its Maxima Current Account customers. This innovative feature aims to help businesses and professionals maximise returns on idle funds while ensuring seamless liquidity for day-to-day transactions.

With Ujjivan Sweep Smart, surplus balances in Maxima Current Accounts will automatically get transferred into short-term fixed deposits, enabling the customers to earn the benefit of interest on surplus fund. The sweep-out process is triggered every Monday when the account balance exceeds ₹4 lakhs, with the excess amount (in multiples of ₹ 10,000) automatically moved into a fixed deposit with a tenure of 180 days. Customers also have the flexibility to set a custom threshold, starting from ₹ 4 lakhs, based on their business requirements.

What sets Ujjivan Sweep Smart apart is its intelligent sweep-in mechanism. In case of a shortfall in the account balance, the linked deposits get partially liquidated again, in multiples of ₹ 10,000. This happens on a last-in, first-out basis and without any foreclosure penalties. The fixed deposits created through this feature, carry an interest rate of 6% p.a. for a tenure of 180 days, which may be revised in future. This is in line with the Reserve Bank of India regulations, which do not auto-renew, thereby giving customers full control over their cash flow. Standard regulatory norms, including TDS, apply to these deposits.

Hitendra Jha, TASC, TPP and Retail Liabilities Head- Ujjivan SFB, said, “With Ujjivan Sweep Smart, we are enabling our customers to earn more on idle balances while keeping their funds fully accessible. It is a powerful combination of liquidity and returns. This feature reflects our commitment to customercentric  innovation and smarter fund management, that is tailored for today’s dynamic and digitally driven businesses.”

The Ujjivan Sweep Smart feature is now available to new eligible Maxima Current Account holders. Customers can activate the service by contacting their relationship managers or visiting their nearest Ujjivan SFB branch.

About Ujjivan Small Finance Bank Limited:

Ujjivan Small Finance Bank Limited is a small finance bank licensed under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Bank serves ~97 lakh customers through 752 branches spread across 326 districts and 26 states and union territories in India. Gross loan book stands at ₹ 33,287 crore with a deposit base of ₹ 38,619 crore as of Jun 30, 2025. The Bank has been assigned a credit rating of AA- (Stable)/A1+ from CARE/CRISIL respectively towards its long-term bank facilities, fixed deposits and CD program depicting sustenance of Banks Performance. Ujjivan SFB has been ranked 26th among India’s Best Companies to Work for 2025 by Great Place To Work® Institute, the global authority on workplace culture.

We constantly strive to ensure strong corporate culture which emphasizes on integrating CSR values with business objectives. We work with communities in navigating the unprecedented challenges primarily focused on healthcare, disaster relief, livelihood for specially abled people, education, and community infrastructure development.

Web: www.ujjivansfb.in | X: @UjjivanSFB | WhatsApp: 9002082121

For further information, please contact:
Ms. Flovie Martins
Flovie.martins[at]ujjivan[dot]com