Ujjivan Small Finance Bank opened its doors to the general public on 6th February, 2017.
Watch Ujjivan Small Finance Bank - Branch Experiential Film on Youtube. It will make you smile.
To enable its account holders to transact digitally it joined NPCI’s National Financial Switch (NFS) as a 101st Direct Member. In the initial stages, Ujjivan Small Finance Bank is issuing RuPay Debit Card (Classic variant).
Ujjivan is the 5th entity to start small finance bank. The bank is not offering higher interest rate like its peers.
Ujjivan Small Finance Bank opened with footprints in five Bangalore localities i.e Koramangala, Lingarajapuram, HAL, Jakkasandra and Whitefield. In the coming months, it will spread its wings across India, with special focus on South India.
Before making its presence felt all over India, USFB plans to test technical aspects, connectivity, ATM channels and effectiveness of different aspects of SFB business over the next one month and then only increase branch presence across India.
Ujjivan Financial Services, a non-banking financial company which is the holding company of the small finance bank, was among the 10 entities that received license from RBI late last year to commence small finance banking operations.
Ujjivan Small Finance Bankwill offer full range of services with benefits of doorstep and paperless banking, besides internet and phone banking, biometric ATMs as well as Aadhaar-linked debit card.
The tag line of Ujjivan Small Finance Bank is “Bharosa, aap ke bharose par”.
The Bank’s website has comprehensive FAQs on the various products on offer.
The Banks inaugural function was graced by Nobel winner Muhammad Yunus, a pioneer in microfinance and founder of Bangladesh's Grameen Bank.