Technology has made a lot of things easier for people. It has also made it easier for individuals to open a bank account instantly. Customers of Ujjivan Small Finance Bank digital account can open a savings account or fixed deposits in a completely paperless method from the comfort of their home.
Customers will need their Aadhaar card and PAN card for instant online account opening. Also, the customer needs to have an Aadhaar linked Mobile number to authenticate the process.
The unique feature of the digital account of Ujjivan Bank Digital Account is that customers can open a savings account as well as a fixed deposit. Fixed deposits can be opened without opening a savings account. Most of the banks offer the online opening of fixed deposits to savings account customers.
The digital savings account can be opened completely online by submitting the PAN card and Aadhaar Card. Your phone number should be registered with Aadhaar. You will receive an OTP on your registered mobile number which will help to authenticate your identity.
Ujjivan digital savings account do not have any minimum balance. Hence, customers may not keep any minimum balance in their savings account.
Ujjivan Small Finance Bank offers a free debit card. There are no maintenance charges in the first year after the issue of the debit card.
Account-holders can also avail accidental insurance of up to Rs. 1 lakh on their Rupay debit card.
Ujjivan Bank’s Digital Account can be made in a completely paperless manner.
Enter your mobile number, email id and reenter your email id. Click on continue.
Enter the OTP that is sent to your mobile number.
Enter your Aadhaar number and PAN number
Enter the OTP sent to your Aadhaar registered number.
In this stage, you can open a savings account or fixed deposit.
Enter your personal details
And enter your nominee details.
Verify the details and click on continue to proceed to the eSign page.
Tick the box and enter your Aadhaar number to continue with the E-sign process.
Enter the OTP and bank account opening is complete. However, to gain all the benefits you need to complete the KYC process within a year.
You can receive your direct benefit transfer to this savings account.
Customers have to complete the full KYC process within one year to keep using their account.
The prospective customer should not have another limited KYC savings account.
You can open an Ujjivan Digital Account if:
a. You are above 18 years of age
b.You are an Indian citizen
c. Have a valid PAN and Aadhaar number
d. Have a valid mobile number linked to your Aadhaar
Aadhaar is required to open Ujjivan online savings account. If you don’t want to use your Aadhaar, you can visit the nearest bank branch to open a regular savings account.
Yes, Ujjivan digital account is a zero balance account.
The Ujjivan Digital account is meant for one individual, and opening of joint account is not possible.
This digital account is valid for 12 months. This means that if you don’t complete the full KYC process within 12 months, your account will be closed.
Moreover, after you complete the KYC process, the restrictions on transactions and spends are lifted.
You can complete the KYC process by booking an appointment for full KYC.
There are three ways to complete the full KYC –
Book an appointment while opening an account
Book an appointment through Internet and Mobile Banking
Book an appointment by calling the customer care
There are several ways to fund your savings account. You can add your Ujjivan online Account as a beneficiary in your other savings bank account to transfer funds to your Ujjivan Bank Account.
You can also transfer money through your UPI apps.
You can visit your nearest Ujjivan Small Finance Bank branch to deposit cheque of any other bank account to fund your account.
