Classic Savings Account
Introducing our Classic Savings Account – a savings account tailored to give you the classic edge in your everyday life. It’s the savings account you need, with higher interest rates and convenient banking benefits.
Key Features of our Classic Savings Account
Earn More
Interest rates up to 7.10% p.a.*
Mobile Banking
Manage your account with ease
Video Banking
Enjoy branch-like experience
WhatsApp Banking
Personalised banking services
Debit Card Benefits
Feature-rich debit cards for seamless transactions
Explore Your RuPay Debit Card Benefits
Choice of Debit Card
Select from RuPay Classic or RuPay Platinum Debit Card
Exclusive Offers
Enjoy exclusive discounts across categories
Tap & Pay-enabled
Enjoy contactless payments at POS machines
Minimal Requirement
Aadhaar card
PAN card
Mobile number linked with Aadhaar
*For the comprehensive Service Charges and Fees, click here
How to apply
Step 01
Enter your mobile number, PAN and Aadhaar details
Step 02
Enter initial deposit amount details and complete the payment
Step 03
Provide personal details
Step 04
Complete video KYC (08:00 AM To 08:00 PM)
Step 05
Receive receipt and start transacting!
Latest Interest Rates
Below mentioned are the Interest Rates with effective from 1st April 2026
| Account balance | Rate of Interest (p.a.) |
|---|---|
| Up to ₹1 lakh | 2.50% |
| > ₹1 lakh to ₹5 lakhs | 3.00% |
| > ₹5 lakhs to ₹10 lakhs | 5.50% |
| > ₹10 lakhs to ₹10 Crore | 6.50% |
| > ₹10 Crore to ₹25 Crore | 6.75% |
| > ₹25 Crore | 7.10% |
Important Point:
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, 2.50% interest will be earned for ₹1,00,000 and 3.00% interest will be earned for the remaining ₹20,000.
Please write to customercare@ujjivan.com to know more.
Who can open a Classic Savings Account?
FAQs
1. What is a Classic Savings Account?
Ujjivan SFB’s Classic Savings Account is a savings account that comes loaded with benefits, including higher interest rates, a RuPay Debit Card with exclusive offers, low monthly average balance requirement, and more.
2. Who is eligible to open a Classic Savings Account with Ujjivan SFB?
You can open a Classic Savings Account as long as
3. What is the monthly average balance (MAB) requirement?
You need to maintain MAB of ₹5,000 or above.
4. During which time slots can I do video KYC?
Video KYC will be available from 8 AM to 8 PM.
5. What is the interest rate offered?
You can earn up 7.10%* p.a. depending on your account balance.
6. Is there any daily transaction limit on my Digital Savings Account? For how many days?
Yes there is daily transaction limit on all Digital Savings Account variants. The limit is for first 7 days of account opening.
7. What is my daily transaction limit on my newly opened Digital Savings Account?
The transaction limit varies basis the product selected by you. Kindly visit our Net banking page to know more on the same.
8. What if I need my funds immediately post account opening and my requirement is within the limit?
You may not face any challenge if the transaction value is lower than the limit applied for your account variant.
9. What if I need my funds immediately post account opening and my requirement is exceeding the daily transaction limit?
If you want to do any transaction which is exceeding the daily transaction limit during the cooling period of 7 days, you may have to visit our branch. We would be very happy to assist you. For branches list click here.
*T&C Apply
Don't settle for less! Apply for a Classic Savings Account and watch your savings soar!
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