homepersonal finance NewsUjjivan Small Finance Bank introduces Maxima Savings Account, Business Maxima Current Account

Ujjivan Small Finance Bank introduces Maxima Savings Account, Business Maxima Current Account

The annual interest rate on the Maxima Savings Account is up to 7.5 percent and customers can open the account with Rs 1 lakh.

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By CNBCTV18.com Sept 15, 2023 5:17:48 PM IST (Updated)

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Ujjivan Small Finance Bank introduces Maxima Savings Account, Business Maxima Current Account
Ujjivan Small Finance Bank (Ujjivan SFB) on Friday, September 15, announced the introduction of the Maxima Savings Account and Business Maxima Current Account for the premium customer segment. The annual interest rate on the Maxima Savings Account is up to 7.5 percent and customers can open the account with Rs 1 lakh.

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Customers also have the flexibility to maintain Rs 15 lakh or more in fixed deposits to meet the balance eligibility criteria of the Maxima Savings Account. Other services offered by Maxima Savings Account include higher transaction limits, free cheque and DD Issuances, Ujjivan Small Finance Bank said in a statement.
A complimentary health prime benefit is also offered with the Maxima Savings Account to applicable customers, it said.
Business Maxima Current Account provides businesses and entrepreneurs with services designed to meet their unique needs. It features online banking, instant fund transfers, and cash management options. Notable features include the ability for businesses to define their own cash deposit limit, a higher daily ATM withdrawal limit of Rs 5 lakh per day, the provision of beyond banking services such as account services for merchants, and free installation and rental fees for POS services. In addition, business account holders will have access to specialised relationship managers to guide and serve their customised banking needs, the bank said.
Both the Maxima Savings Account and the Business Maxima Current Account offer a RuPay Select Debit Card that provides access to wellness services, exclusive merchant offers, airport lounge access, and a premium health checkup.

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