Tag: senior citizens

Ujjivan Small Finance Bank enhances free doorstep banking services for senior citizens and differently-abled customers

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Telugu super news,November 7 2023:Hyderabad: Ujjivan Small Finance Bank (Ujjivan SFB), a leading Small Finance Bank in India, announced a significant enhancement to its doorstep banking services, with a special focus on making banking more accessible and convenient for the senior citizens and differently abled customers at no cost. This is in line with the Bank’s
commitment to promoting inclusivity and customer-centricity. Currently, over one lakh Ujjivan
SFB customers in these categories can avail these services.
 
Under doorstep banking services, the daily cash pickup and delivery limit per instance is now
enhanced to upto ₹25,000. Customers can receive up to four financial services at their
doorstep door-to-door services per month without any service charges. The financial
services also include cash pick-up & delivery, demand draft delivery and cheque pick-up. In
addition, documentation services (non-financial) include profile update, submission of Form
15G/H (TDS relief exemption on term deposit interest), and reissuance of debit cards. These
services will be offered within the operational proximity of each branch.


 
Customers can easily access these services by contacting their bank branches placing their
request via 24*7 phone banking in their preferred language at 1800 208 2121 at no cost.
The doorstep service requests will be fulfilled on all working days during the business
hours.  
Mr. Ittira Davis, MD & CEO, Ujjivan Small Finance Bank, said, “We are committed to
delivering solutions that are centered around customers’ needs. This initiative exemplifies
our dedication to meeting these requirements, by offering them with a convenient and
empowering banking experience. We believe that everyone should have easy access to
banking services.”

Ujjivan Small Finance Bank revises fixed deposits interest rates, offers 8.25% for regular customers for 12 months, 8.75% for senior citizens.

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 HIGHLIGHTS: 

·        Highest interest rate for regular customers, NRO would be 8.25% for 12 months and 80 weeks (560 days)

·        Highest interest rate for Senior citizens would be 8.75% for 12 months and 80 weeks (560 days)

·        Platina FD would get an additional interest rate of 0.20% and are applicable for deposits above Rs.15 Lakhs and below Rs.2 Crores only.

Mr. Ittira Davis, Managing Director and Chief Executive Officer Ujjivan SFB commented, “We are pleased to announce the increase in our fixed deposit interest rates for the 12-month tenure and the extension of the higher rate will benefits our clients with short-term deposit needs. This complements our overall strategy of building our granular deposit base, as a retail mass market bank.”

New rates are effective from June 1, 2023 for Regular Customers, NRO and NRE

Sr. No.Tenure BucketExisting ROIProposed ROI
112 months6.50%8.25%

Platina FD would get an additional interest rate of 0.20%, and are applicable for deposits above Rs.15 Lakhs and below Rs.2 Crores only. The Platina FD is non-callable, i.e. partial and premature withdrawal facility is not available in this scheme.

Ujjivan SFB allows monthly, quarterly and at maturity interest pay-out options. The Tax Saver Fixed Deposits comes with five years lock-in period. 

The latest round of rate increases on FDs place Ujjivan SFB among the banks offering the highest Interest Rates on Term Deposits.