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Ujjivan Small Finance Bank Introduces Maxima Savings Account

Published on September 20, 2023
Current Context: Ujjivan Small Finance Bank has introduced the Maxima Savings Account and Business Maxima Current Account for the premium customer segment.
Ujjivan Small Finance Bank Introduces Maxima Savings Account
  • The Maxima Savings Account offers an annual interest rate of up to 7.5%, one of the highest in the industry, and customers can open the account with Rs. 1 lakh.
  • Customers also have the option to maintain Rs. 15 lakh or more in fixed deposits to meet the balance eligibility criteria of the account.
  • The Maxima Savings Account also provides various benefits such as higher transaction limits, free cheque and DD issuances, free transactions across all channels, unlimited cash deposits and withdrawals at any branch, and a complimentary health prime benefit for applicable customers.
  • The Business Maxima Current Account also allows businesses to define their own cash deposit limit, a higher daily ATM withdrawal limit of Rs. 5 lakhs per day, and access to specialized relationship managers to guide and serve their customized banking needs.

Question:

Q.1 What is the annual interest rate offered by the Maxima Savings Account?
a. 5.5%
b. 6.5%
c. 7.5%
d. 8.5%
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