Ujjivan Small Finance Bank Celebrates Milestone: Launches 200th Branch In South India, and 1st in Kalaburagi City, Karnataka
Chennai: Ujjivan Small Finance Bank Limited (Ujjivan SFB) is proud to announce a significant milestone with the inauguration of its 200th branch in South India, nestled in the historic city of Kalaburagi, Karnataka. Ujjivan SFB aims to cultivate a diverse and stable customer base while prioritising digital banking and diversifying revenue streams. The Bank currently serves 10.7 lakh+ customers in Karnataka and holds a substantial customer base of 22 lakh+ customers in South India
Through its 686-branch network, the Bank offers term deposits at attractive interest rates, with one of the highest fixed deposit interest rates at 8.25% for regular customers and 8.75% for senior citizens for a tenure of 12 months and a tenure of 80 weeks (560 days). The Bank offers 8.25% interest for NRE and NRO customers for a similar tenure as mentioned above. The non-callable Platina FD is at 8.45%, again applicable for 12 months and for 80 weeks (560 days).
The Bank’s savings account offering includes the Maxima & Privilege Savings Account, which offers interest rate of upto 7.5 % per annum, unlimited free transactions across any bank ATM, zero charges on maintaining Monthly Average Balance, unlimited free fund transfers through net banking and mobile banking, and higher cash transaction and withdrawal limits. The bank also offers an exclusive Senior Citizen Account, Garima Account for Women along with NR Accounts & Solutions. The bank’s Maxima, Privilege & Business Edge Current Accounts have flexible cash deposit limits, customised POS offers, and an OD facility through BusiMoni OD.
The Bank offers Business Loans for Micro, Small, and Medium enterprises ranging from ₹10 lakh to ₹10 crore including loans against property and working capital finance, to meet diverse needs with a seamless banking experience. Under the Affordable Housing Loan, the bank offers a wide range of products like loan for Home construction/Purchase, Home Improvement and Composite Loans (Plot Purchase & Construction) for an amount ranging from ₹5 lakhs to ₹75 lakhs. Ujjivan SFB offers competitive pricing and doorstep service for those looking to purchase/construct their dream home.
Speaking on the occasion, Ittira Davis, MD and CEO of Ujjivan Small Finance Bank stated, “Kalaburagi is a significant market for strengthening our presence in Karnataka. As we celebrate the launch of our 200th branch in this city, we are reminded of its rich culture and history, which have influenced our banking approach. This branch opening underscores our commitment in strengthening our footprint in the state and the southern region. We aim to be a mass market bank offering personalised banking solutions to cater to the diverse needs of the residents in the city.”
About Ujjivan Small Finance Bank Limited
Ujjivan Small Finance Bank Limited is one of the leading small finance banks. Ujjivan Small Finance Bank began operations in February 2017 and currently serves 76+ lakh customers through its 686 branches and 20,000+ employees spread 25 states and union territories in India. The gross loan book stands at ₹25,326 crore with a deposit base of ₹26,660 crore as of June 30, 2023. The bank remains committed to serving unserved and underserved segments through financial and digital inclusion, as a mass-market bank. The strengthened digital interfaces across regions and languages have empowered Ujjivan SFB customers to seek timely and easy access to finance at all times.