Product Details
Bank Name
Ujjivan Small Finance Bank
Account Name
Ujjivan Privilege Salary Account
Account Type
Salary/saving
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 5 Lakh 6% Above 5 Lakh And Upto 25 Crore 7%
Free Debit Card
Yes -Rupay Platinum Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Monthly Salary credit of Rs.30,000 or above.
Debit Card Charges
0
NEFT Charges
Free
IMPS Charges
Nil
Fees and Charges
Ujjivan Privilege Salary Account
Special Features
Accidental insurance of upto Rs. 2,00,000/- available
Eligibility Criteria
Indian resident above 18. Minimum credit of salary of INR 30,000 per month.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Flexible eligibility criteria and balance maintenance options
Unlimited free fund transfer through Internet and Mobile Banking Unlimited FREE transactions across any bank ATM.
25 FREE cheque leaves per quarter.
No Additional charges for Non- Home branch transactions.
Best in class FREE Personalized RuPay Platinum debit card with multifarious benefits.
Enhanced limits of Rs.1,00,000 per day in ATM & Rs.2,00,000 per day in Shopping Lounge Access - 2 free access per quarter across 30+ Domestic lounges
Pan India Instant discounts on Swiggy and Amazon, one of the India’s largest and most valuable online food ordering/delivery and e-commerce platform.
Higher accidental insurance up to Rs.2,00,000 per annum.
Free NEFT, IMPS & RTGS.
High interest rate.
Cons
Account cannot be opened digitally. No international Lounge access facility available.
Ujjivan Privilege Salary Account
The account comes with a number of value add features. The account also provides high interest rate. Overall it is a great salary product.
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?
Contact your Employer: Inquire with your employer if they have a tie-up with Ujjivan SFB for salary disbursement.
Visit a Ujjivan SFB Branch: If your employer has a tie-up, you can visit the nearest Ujjivan SFB branch.
Obtain an Application Form: Request a Privilege Salary Account application form from the bank staff.
Fill Out the Form: Complete the form with your personal and employment details.
Submit Documents: Submit the filled-out form along with the required documents (see below).
Salary Credit: Once your salary is credited to the account, your Privilege Salary Account will be activated.