Product Details
Bank Name
Ujjivan Small Finance Bank
Account Name
Ujjivan Garima Saving Account
Account Type
Saving
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 5 Lakh 5% Above 5 Lakh And Upto 25 Lakh 7.25%
Free Debit Card
Yes -RuPay Classic Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 5,000
Debit Card Charges
0
NEFT Charges
Free
IMPS Charges
Inward – Nil
Outward–Up to Rs.100,000- Rs.5/-
Rs.1 lac to 2 lac – Rs.15/-
Free if done online.
Fees and Charges
Ujjivan Garima Saving Account
Special Features
Tailored to serve and empower women and help plan them their finance.
Eligibility Criteria
Indian resident.
Minimum age should be 18.
Account only for women.
Minimum account balance for the account is INR 5,000.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free RuPay Classic Debit Card specially designed for women
Free NEFT and RTGS transactions through online mode.
High interest rate.
Cons
Limited number of value add features.
Ujjivan has limited branch and ATM network.
Ujjivan Garima Saving Account
The account offers a high interest rate. The account offers limited value add features. The account is exclusively for women.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Online:
Visit the Ujjivan SFB Garima Savings Account page and select "Open Online."
Go to Ujjivan SFB Garima Savings Account page
Select "New Customer" and complete your KYC.
Verify your mobile number.
Pay the amount to open the Garima Savings Account online.