Savings account rates have been static for some time now. However, there are few banks that provide interest rates as high as 7.5%. This phenomenon has led many to look for the right bank that not only provides attractive interest rates on their savings account but also seeks out complimentary offers and value-added services. A savings account with the right bank can provide greater flexibility, offers, and secure returns.
Historically, savings accounts were considered a way to park your money with the bank, which also allows customers to earn nominal interest while at the same time being easily accessible to them. However, with the entry of small finance banks, they started introducing innovative products designed to offer competitive interest rates without compromising security and liquidity.
Ujjivan Small Finance Bank is one of the leading small finance banks in India, operating a network of over 752 branches across 26 states and union territories. It offers a range of banking products and services catered to the diverse needs of its customers to ensure customer satisfaction, fostering a relationship of trust and mutual respect.
One of its flagship products is the Maxima Savings Account, designed to help customers maximise their savings potential and enjoy elite benefits such as:
High Interest Rates
The Maxima Savings Account offers an annual interest rate of up to 7.5%, making it one of the highest in the industry. To open the account, a minimum deposit of Rs. 1 lakh is required, or a fixed deposit of Rs. 15 lakh or more must be maintained to meet the balance eligibility criteria. Interest is calculated on a daily basis and credited to the account quarterly.
Zero Charges on Common Banking Services
With the Maxima Savings Account, unlimited and free transactions are offered across any bank ATM, NEFT, RTGS, IMPS, cheque book, and demand draft. Additionally, unlimited cash deposits and withdrawals are facilitated at any Ujjivan SFB branch, without charge. This implies potential savings on service charges typically imposed by other banks.
Enhanced Transaction Limits
The Maxima Savings Account provides higher transaction limits for ease of spending and shopping. It offers a daily ATM cash withdrawal limit of Rs. 2.5 lakh and a POS and e-commerce limit of Rs. 5 lakh. Additionally, 24x7 customer care services are available in preferred languages to assist with queries or issues.
Complementary Health Services
As a Maxima Savings Account holder, complementary health services are provided for the first year, facilitated by the insurance partner of Ujjivan SFB. These services encompass health check-ups, consultations, discounts, and cashless hospitalisation at select network hospitals. These benefits can be accessed using the RuPay Select Debit Card provided with the account.
RuPay Select Debit Card Benefits
The RuPay Select Debit Card is a premium debit card that provides a range of exclusive lifestyle, health, and entertainment benefits. Some of these benefits include:
How to Open a Maxima Savings Account
In order to begin the process of opening a Maxima Savings Account with Ujjivan SFB, simply follow these steps:
Alternatively, customers can apply online by visiting the official website of Ujjivan SFB and filling out the online application form. This requires uploading scanned copies of KYC documents and verifying details through an OTP. Once approved, account details and the debit card will be delivered by courier.
Share
Tweet
