Ujjivan Small Finance Bank opens four branches in Madhapur, Kukkatpally, AS Rao Nagar and Secundarabad, Telangana today. Telangana’s Honorable Minister of Home, Prison, and Fire Services, Sri Mohammed Mahmood Ali, graced the occasion and inaugurated the Madhapur branch. This establishes the bank’s presence in 25 states and Union territories, where 598 branches serve over 71 lakh customers.
Through its extensive array of banking products and services, Ujjivan Small Finance Bank (SFB) is dedicated to fostering inclusive growth in Telangana. As a mass market bank, Ujjivan SFB aims to cultivate a diverse and stable customer base while prioritising digital banking and diversifying revenue streams. The bank currently offers Savings and Current Account, deposits, and loans. Ujjivan SFB offers the most competitive interest rates in the market, with 7.5% on savings accounts, 8.75% on fixed deposits for senior citizens and 8% for regular customers for 560 days.
Ujjivan Small Finance Bank also offers a range of business loans for Micro and Small Enterprises between INR 10 Lakhs and INR 10 Crores, as well as Affordable Housing Loans between INR 5 Lakhs and INR 75 Lakhs. These loans are designed to assist individuals and businesses in achieving their financial objectives, such as business expansion and for purchase and construction of their dream homes.
Speaking on the occasion, Mr. B A Prabhakar, Chairman of Ujjivan Small Finance Bank, “Our presence in Telangana reinforces our commitment to becoming the preferred bank for the mass market. We believe that our extensive array of banking products and services, including competitive interest rates on savings and deposits, will enable us make a significant difference in the lives of people of Telangana. We are focused on purpose-led and inclusive growth of the communities we serve across geographies.”