Savings Accounts
Our innovative Savings Accounts are designed to help you optimise your savings, grow your wealth and achieve your long-term financial goals. Enjoy the benefits of online banking with our Digital Savings Account online – no paperwork or branch visits required. Alternatively, you can walk into any Ujjivan SFB branch to open an account. Experience higher interest rates, feature-rich Debit Cards, multiple offers and discounts, 24*7 access to funds, and more with Ujjivan SFB Savings Accounts.
Types of Savings Accounts
Basic Savings Bank Deposit Account
Your first step to financial stability
- RuPay Classic Debit Card
- No charges on non-maintenance of minimum balance
- 4 Free Number of withdrawals (across all channels including at branch, IB/MB & ATM – monthly)
Savings Account Calculator
Calculate the interest income on your Savings Account balance with our easy-to-use Savings Account Calculator.
Principal amount
Quarterly interest amount
*Interest is calculated on a quarterly basis.
*The above interest calculation shown is indicative, the actual interest paid out may vary.
*Interest Rates up to ₹ 1 lakh - 3.00% p.a. | Above ₹ 1 lakh to ₹ 5 lakhs - 4.00% p.a. | Above ₹ 5 lakhs to ₹ 10 lakhs - 6.00% p.a. | Above ₹ 10 lakh to ₹ 50 lakhs - 7.00% p.a. | Above ₹ 50 lakhs to ₹ 5 crores - 7.25% p.a. | Above ₹ 5 crores – 7.50% p.a.
Features and Benefits of our Savings Accounts
*T&C Apply
How to Open a Savings Account
You can open a Savings Account online via Video KYC or by visiting any of our branches. For more information, kindly call our toll-free number 1800 208 2121.
Eligibility Criteria
Eligibility criteria may differ based on the type of Savings Account. Please go through the eligibility criteria of the selected account for better clarity.
Documents Required
To open a Digital/Online Savings Account, you would need:
Kindly note that your mobile number should be linked to Aadhar. Once you provide the details, the same would be verified via Video KYC. Please ensure you have a stable internet connection and a compatible device to experience a hassle-free online account opening process.
For offline account opening, you would need to visit any of our branches with KYC documents (PAN and Aadhar), Savings Account form and passport-size photographs. Use our Branch Locator to find your nearest Ujjivan branch.
Savings Account Interest Rates
You can earn up to 7.50% p.a. with Ujjivan SFB Savings Accounts. For more details on Savings Account interest rates, click here.
Fees & Charges
The applicable fees and charges may vary based on the Savings Account variant.
Factors to Consider Before Opening a Savings Account
Select the Right Savings Account
We offer a wide variety of Savings Accounts. Open an account that’s aligned with your financial goals.
Read the Fine Print
Consider the fees and charges, minimum balance requirement and other such factors before opening an account.
Provide Correct Details
Ensure to provide accurate contact and other details at the time of opening your bank account to enjoy a seamless experience.
Be Video KYC Ready
In case you’re applying for an Online/Digital Savings Account, make sure to have a stable Internet connection and a compatible device.
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FAQs
1. What is a Savings Account?
A Savings Account is a type of bank account that helps you park your money in a safe and secure way. The account balance keeps earning interest based on the prevailing rate and amount. Additionally, with a Savings Account, you have 24/7 access to funds via ATMs and Online Banking services. Explore Ujjivan SFB’s different types of Savings Accounts – our products offer higher interest rates and are designed to make your financial life better.
2. What is the minimum balance requirement for a Savings Account?
The minimum balance or monthly average balance (MAB) criteria varies based on the account variant.
3. Which type of Savings Account should I open?
Each Savings Account offered by Ujjivan SFB serves a specific purpose. Sign up for the account that best fits your financial goals. Kindly explore our products to know more.
4. How is Savings Account interest rate calculated?
As per the RBI (reserve Bank of India) mandate, Savings Account interest rate is determined every day based on your account closing balance. Use our Savings Account calculator to instantly calculate the interest earned on your Savings Account balance.
5. Will I get a Debit Card if I open a Savings Account?
Ujjivan SFB Savings Accounts come with feature-rich RuPay Debit Cards. Enjoy multiple offers and discounts on your purchases at select merchants, health insurance coverage, complimentary lounge access, and more with your card. Terms & Conditions apply.
6. What happens if I fail to maintain minimum balance requirement?
You can view our fees and charges section for more details.
7. Why open a Savings Account with Ujjivan SFB?
If you’re looking for the best Savings Accounts, your search stops here. Ujjivan SFB offers a wide range of high-interest Savings Accounts meticulously designed to meet the ever-evolving financial goals of modern Indian customers. Experience a seamless digital banking journey, exceptional customer support with door step banking services, an innovative Chatbot to answer your doubts in real time, convenient money transfers, and more benefits with us.
Supercharge your savings! Earn up to 7.50% p.a. interest with our Digital Savings Account!
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