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Savings Account: Open a Bank Account & Earn Higher Interest Rates
A savings account allows you to keep your money in a safe place with a bank while it steadily grows through interest earned on the balance you maintain. It gives you a convenient way to manage day-to-day money matters and, at the same time, helps you build toward your longer-term financial objectives.
Open a Savings Account online or at bank branch with Ujjivan and take charge of your
Open a Savings Account online or at bank branch with Ujjivan and take charge of your
Calculate Returns on Your Savings Account
Compare and calculate savings account returns with our easy-to-use savings account interest calculator.
₹1 Thousand
Principal amount₹1,00,000.00
Monthly interest amount₹205.00
*Interest is calculated on a monthly basis.
*The above interest calculation shown is indicative, the actual interest paid out may vary.
*Interest Rates Up to ₹ 3 lakh - 2.50% p.a. | Above ₹3 lakh to ₹5 lakhs- 3.00% p.a. | Above ₹5 lakhs to ₹25 lakhs - 6.50% p.a. | Above ₹25 lakh to ₹25 Crore - 6.75% p.a. | Above ₹25 Crore - 7.15% p.a.
Types of Savings Accounts – Select Your Preferred Bank Account
Ujjivan SFB offers a range of savings accounts tailored for different customer profiles. Whether you're looking for a digital-first experience, added benefits for women, or zero balance options, there’s an account for you.
Low Minimum Monthly Average Balance of ₹ 1,000
Free debit card for the first year
5 free transactions at both Ujjivan SFB and other bank ATMs
Monthly Average Balance – ₹25,000 & above
Unlimited free fund transfer through Internet and mobile banking
Unlimited free transactions at Ujjivan bank ATMs
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.
RuPay Classic Debit Card
No charges on non-maintenance of minimum balance
4 Free Number of withdrawals (across all channels including at branch, IB/MB & ATM – monthly)
No average monthly balance criteria
RuPay Classic Debit Card
Operated by parent/guardian
Low Minimum Monthly Average Balance of ₹1,000
RuPay Classic Debit Card
No charges for non-home branch transactions
Choice of Debit Card - RuPay Classic or RuPay Platinum Debit Card
Daily shopping limit of up to ₹1,00,000
One free cheque book per quarter
Special assistance at branches with dedicated senior citizen desk
No charges on non-maintenance of minimum balance
Free 25 cheque leaves per quarter
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
Savings Account Interest Rates — Ujjivan SFB
Interest rates at Ujjivan SFB are structured in slabs based on your daily closing balance. A higher balance earns a higher rate — but only on the portion of the balance within that slab, not on the full amount.
Use our Savings Account Interest Calculator to get an indicative view of how much you’re earning as interest.
Use our Savings Account Interest Calculator to get an indicative view of how much you’re earning as interest.
Account balance | Rate of Interest (p.a.) |
Up to ₹ 3 lakh | 2.50% |
> ₹3 lakh to ₹5 lakhs | 3.00% |
> ₹5 lakhs to ₹25 lakhs | 6.50% |
> ₹25 lakh to ₹25 Crore | 6.75% |
> ₹25 Crore | 7.15% |
*Interest rates are subject to periodic changes and the applicable interest rates will be given based on the date and time of receipt of the funds by the Bank.
Important Points:
There is no additional interest rate on Savings Account for Senior Citizen
The Savings Account rates are also applicable for NRO & NRE savings accounts
The higher interest rate will be paid basis incremental balances maintained as per defined slabs
How It Works
Why Open a Savings A/c with Ujjivan?
Higher Interest Rates
Earn up to 7.15%* p.a. on your savings, calculated daily. As your balance grows into a higher slab, the incremental amount earns the higher rate automatically.
Monthly Interest Credit
Interest is credited to your account every month. Over time, these regular credits compound, allowing your balance to grow steadily and consistently.
Online Account Opening via Video KYC
Eligible users can open a savings account through Video KYC with just their Aadhaar (mobile-linked). No branch visit required.
Ujjivan Rewardz Programme
Earn reward points for account opening, balance maintenance, and eligible transactions. Redeem points for vouchers and discounts at partner brands.
Doorstep Banking for Senior Citizens
Senior citizen account holders can access doorstep banking support.
Feature-Packed Debit Cards
Every Ujjivan SFB savings account comes with a RuPay Debit Card. Enjoy multiple offers & discounts on your favourite brands, complimentary lounge access, insurance benefits, and more*.
*Disclaimer: Benefits may vary based on card variant.
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Eligibility Criteria for Opening a Savings Account
Indian resident individual, 18 years or above
Valid Aadhaar with a linked mobile number
Valid PAN card
Eligibility criteria may differ based on the type of Savings Account. Select the type of account you want to open to check.
Documents Required to Open a Savings Account
To open a Digital/Online Savings Account, you would need:
Aadhar Card
PAN Card
Kindly note that your mobile number should be linked to Aadhar. Once you provide the details, the same would be verified via Video KYC. Please ensure you have a stable internet connection and a compatible device to experience a hassle-free online account opening process.
For offline account opening, you would need to visit any of our branches with KYC documents (PAN and Aadhar), Savings Account form and passport-size photographs. Use our Branch Locator to find your nearest Ujjivan branch.
Online Savings Account via Video KYC
Aadhaar (mobile number must be linked)
PAN Card
Stable internet + compatible smartphone
Kindly note that your mobile number should be linked to Aadhar. Once you provide the details, the same would be verified via Video KYC. Please ensure you have a stable internet connection and a compatible device to experience a hassle-free online account opening process.
Disclaimer: All the physical documents are required for Video KYC
How to Open a Savings Account with Ujjivan SFB
Open Account Online via Video KYC
Step 1 - Click ‘Open Account’ from the Home Page
Step 2 - Select between ‘New Customer’ & ‘Existing Customer’
Step 3 - Fill in the details (Complete your e-KYC, select the product and fill in personal details)
Step 4 - Make initial payment
Step 5 - Complete your Video KYC. Keep Original PAN Card ready (Ensure you are in good internet connectivity for seamless experience)
* You need a stable internet connection and a compatible smartphone for Video KYC. Your Aadhaar should be linked to your registered mobile number for OTP (One-Time Password) verification.
At Bank Branch
Open via WhatsApp
Send 'Hi' to 900 208 2121. Follow the instructions and open A/c via WhatsApp in few easy steps.
Factors to Consider Before Opening a Savings Account
1) Select the Right Savings Account
We offer a wide variety of Savings Accounts. Open an account that’s aligned to your financial goals.
2) Read the Fine Print
Consider the fees and charges, minimum balance requirement and other such factors before opening an account.
3) Provide Correct Details
Ensure to provide accurate contact and other details at the time of opening your bank account to enjoy a seamless experience.
4) Be Video KYC Ready
In case you’re applying for an Online/Digital Savings Account, make sure your mobile number is linked to Aadhaar and that you have a stable Internet connection and a compatible device.
Bank Anytime, Anywhere with the Hello Ujjivan App
Everything you need, in one app. Available in 9 regional languages.
Check balance and transaction history
Transfer funds via NEFT, RTGS, IMPS, and UPI
Pay bills, recharge, and manage deposits
Open FDs and RDs
Update your details, set card limits, request cheque books
24x7 chatbot for instant query resolution
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FAQs
A Savings Account is a type of bank account that helps you park your money in a safe and secure way. The account balance keeps earning interest based on the prevailing rate and amount. Additionally, with a Savings Account, you have 24/7 access to funds via ATMs and Online Banking services. Explore Ujjivan SFB’s different types of Savings Accounts – our products offer higher interest rates and are designed to make your financial life better.
The minimum balance or monthly average balance (MAB) criteria varies based on the account variant.
Each Savings Account offered by Ujjivan SFB serves a specific purpose. Sign up for the account that best fits your financial goals. Kindly explore our products to know more.
As per the RBI (reserve Bank of India) mandate, Savings Account interest rate is determined every day based on your account closing balance. Use our Savings Account calculator to instantly calculate the interest earned on your Savings Account balance.
Ujjivan SFB Savings Accounts come with feature-rich RuPay Debit Cards. Enjoy multiple offers and discounts on your purchases at select merchants, health insurance coverage, complimentary lounge access, and more with your card. Terms & Conditions apply.
You can view our fees and charges section for more details.
If you’re looking for the best Savings Accounts, your search stops here. Ujjivan SFB offers a wide range of high-interest Savings Accounts meticulously designed to meet the ever-evolving financial goals of modern Indian customers. Experience a seamless digital banking journey, exceptional customer support with door step banking services, an innovative Chatbot to answer your doubts in real time, convenient money transfers, and more benefits with us.
For details regarding fund transfer limit pertaining to your account, please click here
The savings account interest is calculated on your daily closing balance and paid out at the end of each month
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