Institutional Savings Account

Ujjivan SFB Institutional Savings Account caters to the needs of Trusts, Associations, Clubs, Societies, Government Institutions, Religious Trusts, Employee Welfare Trusts, Hospitals etc. We also offer a wide array of features and solutions to support your organisation's banking needs. Get higher free cash deposit limit, earn big on interest up to 7.50%* p.a., enjoy no minimum average balance, and more with our Institutional Savings Account.

Key Features of Ujjivan SFB Institutional Savings Account

Zero deposit amount for account opening

No monthly balance maintenance requirement

Unlimited number and amount of monthly withdrawals at a branch

Free passbook & cheque book provided on request

Free monthly e-statement or hard copy of the statement provided on request 

Free transaction through online mood/branch-IMPS/RTGS/NEFT

institutional-savings-account

Key Features of Ujjivan SFB Institutional Savings Account

Top Benefits of Ujjivan SFB Institutional Savings Account

  • Top-notch business net banking 
  • Higher free cash deposit limit
  • Competitive interest rates up to 7.50%* p.a.
  • Free cash deposits across all Ujjivan Small Finance Bank branches
  • Dedicated relationship manager
  • Interest is calculated on end-of-day balances and credited quarterly
  • Option to provide standing instructions to manage the account
  • Business net banking, scan QR code, receive SMS alerts
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How to Open a Ujjivan SFB Institutional Savings Account

Follow these simple steps to open the Institutional Savings Account.

 

  • Visit Ujjivan Small Finance Bank's official website
  • Go to the page Institutional Savings Account
  • Click ‘Apply Now’ and fill out the application form with the required details.
  • Review the information provided and submit your application.
  • Follow the next steps and open the Institutional Savings Account

For assistance, you can call our 24/7 customer support or visit your nearest branch.

Ujjivan SFB Institutional Savings Account Interest Rates

Below mentioned are the Interest Rates with Effect from 13th Sep 2024


 

Account balanceRate of Interest (p.a.)
Up to ₹1 lakh3.50%
> ₹1 lakh to ₹5 lakhs5.00%
> ₹5 lakhs to ₹25 lakhs7.25%
> ₹25 lakhs7.50%


 

For more information on the interest rate for your, Institutional Savings Account click here.

Am I Eligible for Ujjivan SFB Institutional Savings Account 

To apply for the Ujjivan SFB Institutional Savings Account, you should fall into one of the following groups- 

  • Associations
  • Trusts
  • Societies 
  • Clubs 
  • Religious trusts
  • Government institutions 
  • Hospitals 
  • Employee welfare trusts 

 

Declaration - Increase in cash withdrawal threshold u/s 194N with respect to co-operative societies click here

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FAQs

1. What is the Ujjivan Small Finance Bank Institutional Savings Account?

The Ujjivan Small Finance Bank’s Institutional Savings Account is a specialised bank account offering a myriad of features and solutions to help support your organisation’s banking needs. It caters to the needs of various associations, trusts, societies, clubs, government institutions, employee welfare trusts, religious trusts, hospitals and more. 

2. How much rate of interest is offered with the Institutional Savings Account?

The rate of interest offered for an Institutional Savings Account is up to 7.5%* p.a. 

3. How does Ujjivan SFB calculate the interest amount on the Institutional Savings Account?

Ujjivan SFB calculates the interest daily on end-of-day balances. The interest amount is credited quarterly.

4. Will I be provided a cheque book for Ujjivan Small Finance Bank’s Institutional Savings Account?

Yes, you will get a free cheque book and passbook for your Institutional Savings Account upon request. 

5. Will I get updates for transactions in the Institutional Savings Account?

Yes, SMS alerts are sent to your registered mobile number for every transaction. 

6. I have a question about the Institutional Savings Account. Whom should I contact?

You can contact Ujjivan Small Finance Bank's customer care for any query about the Institutional Savings Account. Call the toll-free number 1800 208 2121, visit the nearest branch or use the 24*7 phone banking facility for quick and efficient resolution.

7. How much money do I need to deposit for opening the Institutional Savings Account?

No minimum amount is required as an initial deposit at the time of account opening.

8. How much balance do I need to maintain monthly?

There is no compulsion to maintain a monthly average balance with Ujjivan SFB Institutional Savings Account. 

9. Are electronic transactions such as NEFT, RTGS, and IMPS chargeable?

No, electronic transactions such as IMPS, RTGS, and NEFT are free if conducted through online mode or at the bank branch. 

10. How can I locate the branches of Ujjivan Small Finance Bank?

The Ujjivan Small Finance Bank has 752 branches in 26 States and Union Territories of India. To find your nearest branch, visit the bank's website's 'Locate Us' section.

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