Privilege Savings Account

Privilege Savings Account

Ujjivan SFB Privilege Savings Account comes with a host of benefits and privileges that gives you more value for money. Enjoy higher interest rates up to 7.50%* p.a., flexible eligibility criteria, unlimited ATM transactions, and more. Additionally, get a personalised RuPay Platinum Debit Card absolutely free.

Features & Benefits of Privilege Savings Account

  • Flexible eligibility criteria and balance maintenance options
  • Unlimited free fund transfer through Internet and Mobile Banking
  • 25 FREE cheque leaves per quarter
  • No additional charges for non- home branch transactions
  • Unlimited free transactions across any bank ATM
  • Free SMS facility to the registered Mobile number
  • Attractive interest rates up to 7.50%* p.a.
  • Best in class FREE Personalized RuPay Platinum Debit Card
  • Enhanced limits of ₹1 lakh per day in ATM & ₹ 2lakh per day for Shopping
  • Lounge Access – 1 complimentary lounge per quarter across any 65+ domestic airport or 7+ railway station
  • Instant discount upto Rs.100 on Amazon Pay once per Month on Fridays. one of the India’s largest and most valuable online food ordering/delivery and e-commerce platform
  • Higher accidental insurance coverage up to ₹2 lakh per annum

*The features and benefits on RuPay Platinum Debit Card are provided by RuPay (NPCI) and can be discontinued at any time without any prior notice to the customer at the sole discretion of the Bank/Rupay. Airport lounge access facility is provided at selected locations under the RuPay (NPCI) scheme. Please refer to www.rupay.co.in for more details.

How to Open a Ujjivan SFB Privilege Savings Account Online

You just have to follow a few simple steps to open the Privilege Savings Account online. These steps are detailed below

 

If you are a new customer

  • Visit the Ujjivan SFB Privilege Savings Account page and select 'Open Online'
  • Select 'New Customer' and complete your KYC
  • Get Aadhaar OTP and verify it
  • Pay the amount to open the Privilege Savings Account online

If you are an existing customer

If you are an existing Ujjivan SFB customer, you can open the Privilege Savings Account through any of the following methods -

  • Internet banking
  • Mobile banking application
  • Give a missed call at 799 666 6663
  • Visit the nearest bank branch or call a representative for doorstep account opening
  • Visit the online account opening page and complete your KYC

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

Savings Account Calculator

Principal amount

 

Quarterly interest amount

 

*Interest is calculated on a quarterly basis. 
*The above interest calculation shown is indicative, the actual interest paid out may vary. 
*Interest Rates up to ₹ 1 lakh - 3.50% p.a. | Above ₹ 1 lakh to ₹ 5 lakhs - 5.00% p.a. | Above ₹ 5 lakhs to ₹ 25 lakhs - 7.25% p.a. | Above ₹ 25 lakhs - 7.50% p.a.

Total Savings post 
Interest Earnings with Ujjivan SFB

 

Supercharge your wealth journey!
Earn up to 7.50% p.a. with our 
Digital Savings Account!

Ujjivan SFB Privilege 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%


 

You can find additional disclosures here.

Eligibility Criteria

To be eligible for Privilege Savings Account, individual needs to meet any one of the below criteria

  • Monthly Average Balance in the Savings Account – Rs.25,000 & above
  • Cumulative FD – ₹5 lakh & above**
  • Single RD >= ₹10,000 per month for minimum tenure of 12 months**
  • Salary credit of ₹30,000 and above per month*

*(Only one criterion applicable for Privilege Corporate Salary Account)

**(Should be in the name of the first holder)

 

Channel Access

  • Free Mobile Banking App

    Access to your account across all Ujjivan SFB branches

  • Free Net Banking Facility

    Speak to our 24*7 phone banking services in your preferred language at
    1800 208 2121

  • User friendly – Ujjivan SFB Internet & Mobile Banking platforms

    User friendly – Ujjivan SFB Internet & Mobile Banking platforms

  • customer care

    24*7 access to Ujjivan SFB ATMs and Cash Deposit Machine

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FAQs

1. What is Privilege Savings Account?

It’s a savings account that comes with a host of benefits, including higher interest rates, free personalised RuPay Platinum Debit Card, easy-to-meet eligibility criteria, and more. Enjoy a seamless banking experience with Privilege Savings Account.

2. How is the interest calculated?

The interest is calculated daily on end of day balance. Kindly note that the interest is credited quarterly.

3. What is the minimum monthly average balance requirement for Privilege Savings Account?

Monthly Average Balance >= Rs. 25,000 in Savings Account (or) Cumulative FD >= Rs. 5,00,000 (or) Single RD >= Rs. 10,000 p.m. for minimum tenure of 12 months (Active FD or RD should be in the name of the primary holder)

4. Is there any fee I have to pay if I don’t maintain the minimum balance in my savings account?

You can check fees and charges in detail here.

5. What is RuPay Platinum Debit Card?

The RuPay Platinum Debit Card is a premium debit card designed to provide a range of benefits and features making it an attractive option for those seeking enhanced financial services and perks. Some of the benefits include insurance coverage, lounge access, higher transaction limits, among others. Ujjivan SFB Privilege Savings Account customers qualify for a free RuPay Platinum Debit Card.

Supercharge your savings! Earn up to 7.50% p.a. interest with our Digital Savings Account!

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