Ujjivan Small Finance Bank Limited today announced the opening of its fifth branch in Hyderabad. Across the country, Ujjivan SFB has 610 branches with a customer base of more than 75 lakhs.
Ujjivan SFB offers term deposits at attractive interest rates, with one of the highest fixed deposit interest rates at 8.25% for regular customers and 8.75% for senior citizens for 560 days. The bank offers 8.25% interest for NRE and NRO customers for 560 days. The non-callable Platina FD is at 8.45% for 80 weeks (560 days).
Ujjivan SFB’s savings account offering includes the Privilege Savings Account, which comes with unlimited free transactions across any bank ATM, unlimited free fund transfers through net banking and mobile banking, and higher cash transaction and withdrawal limits. The bank also offers an exclusive Senior Citizen Account, a Garima Account for Women, and NR Accounts & Solutions. The bank’s Business Edge Current Account has flexible cash deposit limits, customised POS offers, and an OD facility through BusiMoni OD.
The bank also offers Business Loans for Micro, Small and Medium enterprises ranging from ₹10 lakhs to ₹10 Crores including loan against property and working capital finance to meet diverse needs with seamless banking experience. Under the Affordable Housing Loan, bank offers wide range of housing products like Home construction/purchase, Home Improvement and Composite Loans (Plot Purchase & Construction) at competitive pricing with doorstep services ranging from ₹ 5 lakhs to ₹75 lakhs for those looking to purchase/construct their dream home.
Speaking on the launch, Mr Ittira Davis, MD & CEO, Ujjivan SFB, said, “We are delighted to announce our new branch in Dilsukhnagar, the fifth in Hyderabad. We recently entered the market and are committed to making banking easy and accessible to the people of Hyderabad. We are delighted by the resounding response we received at the four recently launched branches in Hyderabad and are confident of the continued response. We witnessed a rising demand for banking solutions and are confident on delivering on the requirements with the launch of the new branch. We are committed to offering a healthy mix of banking solutions to the masses.”