Ujjivan Small Finance Bank Limited has commenced its banking operations in its new branch located at Ratu Road, Ranchi. Ujjivan has been into operations in Ranchi since 2009. It is serving about 15000 customers since 2009. From a microfinance entity; it will now be operating as a bank in Ranchi.
Ujjivan Small Finance Bank is operating in across 21 states and Union territories with over 1800 branches.
The existing microfinance customers of Ujjivan Bank would soon be on-boarded as bank customers. The bank is caters to over 1.1 lakh customers in its 14 branches.
As a bank, it seeks to offer banking and financial services and products to its customers such as savings account, current account, deposits, Ujjivan Small Finance Bank home loans and much more. It is also offering aadhar enabled KYC opening of savings account at customer’s doorstep in less than 10 minutes using biometric authentication on a hand-held device. The small finance bank also provides various banking options to its customers such as internet banking, mobile banking, phone banking, SMS and missed call banking. These banking facilities can be availed by the customers without incurring any charges on non-maintenance of minimum balance.
Ujjivan bank proposes to serve the unserved and under-served customers by providing products based on the needs of their financial needs.
Ujjivan Small Finance Bank offers interest rate of 8% on Fixed Deposits (for 1-2 years on FD less than Rs. 1 crore) and additional 0.5% interest rate for senior citizens.
Ujjivan Bank provides loans for home construction, purchase or renovation and loan against property at competitive rates.
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