Ujjivan Small Finance Bank Ltd. (Ujjivan SFB) has strengthened its presence in West Bengal by opening seven new branches. The branches are located at Bagnan, Barrackpore, Chakdaha, Baidyabati, Dhaniakhali, Balurghat and Asansol. With these the total number of Ujjivan SFB branches in West Bengal stands at 15. Ujjivan SFB aims to have a network of 23 branches in West Bengal by end of this financial year.
Ujjivan SFB commenced its banking operation in Kolkata with sixpilot branches. Today, with 60+ branches, Ujjivan SFB has established its presence across West Bengal, Uttar Pradesh, New Delhi, Himachal Pradesh, Haryana, UttarakhandTamil Nadu, Karnataka and Maharashtra. Over the next few months, Ujjivan SFB will continue its branch expansion nationally in a planned and phased manner.
Ujjivan started its microfinance operations in West Bengal in May 2007. Since then, Ujjivan has covered 18 districts in West Bengal with 53 MFI branches, catering to over 5.3 lakh customers.
Commenting on the branch launches, Mr. Samit Ghosh, MD & CEO, Ujjivan Small Finance Bank said,“We are pleased to expand our banking network inWest Bengal which has always been a strategic market for us. Currently,15branches of Ujjivan SFB are offering full range of banking services in West Bengal. At Ujjivan SFB, we are striving towards making banking more seamless and accessible for our customers using the latest technology. In the coming months, we will maintain our momentum by increasing our footprint across Eastern region and nationally to serve our target customer segment.”
Ujjivan SFB has invested significantly on technology and digitization. Aadhar enabled KYC and a simplified process will enable account opening in 5-7 minutes using biometric authentication on a hand-held device.
Ujjivan SFBis offering competitive and attractive rates of interest on Fixed Deposit and Recurring Deposit products in the range of 5.5% to 8%. The savings bank account is being offered with full range of benefits of accessing multiple channels such as biometric ATMs, RuPay debit card, phone, internet & mobile banking.
Ujjivan SFB’s goal is to build a leading state of the art mass market retail bank in five years to serve the vast unserved & underserved customer base who currently are outside the formal banking system.
Ujjivan SFB branches have been specifically designed to be customer friendly with the philosophy of‘always assisted’. The bank will be inviting customers on a facilitated guided tour where critical aspects of banking services will be explained and demonstrated.