Digital Savings Account
Transform your financial journey with our cutting-edge digital savings account. Experience seamless transactions, competitive interest rates, and 24/7 access to your funds. Take control of your savings effortlessly and embark on a path towards financial freedom. Don't wait, open your account now and start building a brighter tomorrow!
Key Features of our Digital Savings Account
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Higher interest rates on your savings
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Open a Digital Savings Account Instantly
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Paperless and secure
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24 x 7 Access using Ujjivan Mobile Banking or Internet Banking
Top Benefits of our Digital Savings Account
Exclusive offers on shopping, travel, dining, and healthcare in collaboration with RuPay
Call toll-free 1800-208-2121 for 24x7 customer support in your preferred language
Multi-lingual banking app in 9 languages offering bill payments, recharge and finger print login facilities
Minimal Requirements
Aadhaar Card
PAN Card (Physical PAN required for VKYC)
Mobile number linked with Aadhaar
Age greater than 18
Resident of India
How to apply
Step 01
Enter your mobile number, PAN and Aadhaar details
Step 02
Select product variant and complete initial funding
Step 03
Provide personal details
Step 04
Complete video KYC (08:00 AM To 08:00 PM)
Step 05
Digital Savings Account opened successfully and start transacting!
Savings Accounts
Our innovative Savings Accounts are designed to help you optimize your savings, grow your wealth and achieve your long-term financial goals.
Garima Savings Account
Journey on with pride
- Flexible eligibility criteria and balance maintenance options
- Minor account linked to the primary with a Standing Instruction of ₹2,000 per month
- Free RuPay Classic Debit Card specially designed for women
Privilege Savings Account
A world of banking privileges, now open to the world
- Monthly Average Balance – ₹25,000 & above
- Unlimited free fund transfer through Internet and mobile banking
- Unlimited free transactions across any bank ATM
Regular Savings Account
Smaller Savings for Better Future
- Monthly Average Balance of ₹1,000 need to be maintained in regular savings bank account to avoid charges. For regular savings bank accounts opened till 15th January 2024 the MAB requirements will be applicable from 01st April 2024
- RuPay Classic Debit Card
- No charges for non-home branch transactions
Maxima Savings Account
Redefine your privileges
- Zero charges on commonly used banking services*.
- Enhanced POS & E-commerce limit of ₹5 lakhs.
- Personal Accident and Total Permanent Disability cover of up to ₹10 lakhs.
Who can open a Digital Savings Account?
Interest Rates
Below mentioned are the Interest Rates with Effect from 13th Sep 2024
| Account balance | Rate of Interest (p.a.) |
|---|---|
| Up to ₹1 lakh | 3.50% |
| > ₹1 lakh to ₹5 lakhs | 5.00% |
| > ₹5 lakhs to ₹25 lakhs | 7.25% |
| > ₹25 lakhs | 7.50% |
Important Points:
No additional interest rate for Senior Citizens.
Calculation methodology applicable for Savings Accounts:
Example: If a customer maintains ₹1,20,000 in the Savings Account, 3.50% interest will be earned for ₹1,00,000 and 5.00% interest will be earned for the remaining ₹20,000.
Please write to customercare[@]ujjivan[dot]com to know more.
Frequently Asked Questions
What is a Savings Account?
A Savings Account is a type of bank account that allows you to deposit, withdraw and save money while earning an interest on your account balances.
What is a Digital Savings Account?
A Digital Savings Account is a modern, online version of a traditional Savings Account, allowing you to open and manage your account entirely through digital channels.
Is a Digital Savings Account secure?
Yes. Banks like Ujjivan SFB use advanced encryption and other security measures to protect your account and personal information.
Who is eligible to open a Digital Savings Account with Ujjivan SFB?
You can open a Digital Savings Account as long as
What is the minimum amount needed to open a Digital Savings Account?
Based on the product variant selection the initial payment is required starting from Rs. 5000/-
What is the interest that I will earn on my Digital Savings Account balance?
The Digital Savings Account interest rates do not vary from the standard Savings Account interest rates. The interest rates depend on the balance in the Digital Savings Account.
Go to our Interest Rates section to check out the interest rates that are applicable for various balances.
How do I go about opening a Digital Savings Account?
Opening a Digital Savings Account is a completely online process. It involves 5 steps and takes just a few minutes!
Enter your mobile number, PAN and Aadhaar details
Select product variant and complete initial funding
Provide personal details
Complete video KYC (08:00 AM To 08:00 PM)
Digital Savings Account opened successfully and start transacting!
At what times will video KYC be available?
Video KYC will be available from 8 AM to 8 PM.
I already have a Digital Fixed Deposit with Ujjivan SFB. Can I open a Digital Savings Account as well?
Yes, You can open a Digital Savings account even though you have a Digital Fixed Deposit account with Ujjivan SFB. Ensure you select “Existing customer” while opening the Digital Savings account
What are the ways of funding my initial deposit on a Digital Savings Account?
To open a Digital Savings Account, you can pull funds from other banks via Debit Card and Net Banking.
Open a digital savings account in minutes
Open Digital Savings Account