Ujjivan Small Finance Bank Limited (Ujjivan SFB) has announced the commencement of its new branch in the planned city of Panchkula, Haryana. The Bank aims to build a diverse and stable customer base while prioritising digital banking and diversifying revenue streams. With 39 branches in Haryana, Ujjivan SFB currently serves over 5 lakh customers.
Ujjivan SFB offers term deposits at attractive interest rates through its extensive branch and digital networks. The Bank provides one of the highest fixed deposit interest rates, 8.25% for Regular, NRE and NRO customers and 8.75% for senior citizens, for a tenure of 12 months and a tenure of 80 weeks (560 days). The non-callable Platina FD# is at 8.45% for the same tenure.
The Savings Account offering by Ujjivan SFB includes the Maxima & Privilege Savings Account, which offers an interest rate of up to 7.5% per year*, unlimited free transactions at any ATM, higher fund transfers through net banking and mobile banking, higher cash transactions and withdrawal limits.
The Bank also offers special accounts like the Senior Citizen Account, Garima Account for Women, and NR Accounts & Solutions. The Bank’s Maxima, Privilege, & Business Edge Current Accounts offer flexible cash deposit limits, customised POS offers, and an overdraft facility through BusiMoni OD and Financial Bank Guarantee. Ujjivan SFB offers doorstep banking services exclusively for senior citizens and the differently abled.
Ujjivan SFB provides business loans for Micro, Small, and Medium enterprises ranging from ₹10 lakh to ₹10 crore including loans against property, to cater to the diverse needs. The Bank also offers Affordable Housing Loans for amounts ranging from ₹5 lakh to ₹75 lakh, for Home construction/Purchase, Home Improvement and Composite Loans (Plot Purchase & Construction). Ujjivan SFB also offers doorstep banking services for those looking to fulfil their dream of purchasing or building a home.
Speaking on the launch, Mr. Ittira Davis, MD and CEO of Ujjivan Small Finance Bank, stated, “We are happy to announce the launch of our new branch in Panchkula, Haryana. Our personalised banking products and services, including competitive interest rates on savings and deposits, will enable us to positively impact the residents of the state. The opening of the new branch is a clear testament to our commitment to achieving the goal of financial and digital inclusion.”
