Ujjivan Small Finance Bank Minimum Balance – Fees, Rules & Tips

Tushar, as a businessman, has opened a Privilege Savings Account with Ujjvan Small Finance Bank. To have special benefits such as high interest rates and free transactions, he must maintain at least ₹ 25,000 in his account.

Ujjvan Small Finance Bank Overview:
 

• A customer-friendly bank focused on serving small businesses and individuals
  .
• Offers simple savings accounts, loans, and insurance with easy processes.
   
• Helps people in rural and urban areas access banking services.

Tushar’s Privilege Savings Account Details:
 

Ujjvan Bank has simplified banking and has made it pleasant and fruitful for people like Tushar.

What is Minimum Balance?

Tushar owns a Privilege Savings Account in Ujjvan Small Finance Bank. The bank informed him he should maintain a minimum balance of ₹25000 in his account. This is termed as Minimum Balance. The bank may charge a small penalty in case his balance goes below ₹25000.
 

• It is the lowest amount of money you must keep in your bank account.
• Banks set this rule to make sure customers use their accounts regularly.
• If your balance goes below this limit, you may have to pay a penalty.

Why Do Banks Ask for Minimum Balance?
 

• Helps banks manage accounts properly.
• Allows them to offer better services (like higher interest or free transactions).

Tushar’s Minimum Balance Rules:
 

What Happens if Tushar Fails?
 

• First time: The Bank may remind him.
• Regular low balance: A Fee is deducted every month.

Read More – Ujjivan Net Banking

Maintaining a minimum balance not only enables Tushar to avoid paying an additional charge but also to receive the benefits of the bank.

Ujjvan Small Finance Bank Minimum Balance Requirement by Account Type

Tushar holds a Privilege Savings Account at the Ujjivan Small Finance Bank. He should maintain a minimum of ₹25,000 in his account to avoid additional fees. 

His girlfriend, Riya, has an account named Regular Savings Account, where she requires just ₹1,000. 

In the meantime, Arjun, the nephew of Tushar, is a holder of a Minor Savings Account, which does not require a minimum balance

Ujjivan Small Finance Bank Minimum Balance Rules
 

Key Points:
 

• Higher minimum balance (like ₹25,000) gives extra benefits (higher interest, free transactions).
• Regular & Digital accounts need only ₹1,000 good for basic banking.
• Minor accounts have no minimum balance, making them ideal for children.

What Happens if You Don’t Maintain It?
 

• Penalty fees may apply if the balance falls below the limit.
• Privileged account holders (like Tushar) could lose benefits.

Keeping the right balance helps avoid fees and enjoy banking smoothly.

Ujjvan Small Finance Bank Non-Maintenance Charges

Tushar is a holder of a Privilege Savings Account of Ujjivan Small Finance Bank. He has to retain ₹25,000, but this month his balance fell to ₹20000. Given that this is more than 50% and less than 100% of the amount required, he shall be billed the shortfall at a rate of 5% (₹5000 + 5% = ₹250).

In case his balance was at a point which was lower than ₹12,500 (50% of ₹25,000), there would be a 10% charge on the difference between the balance and ₹25,000.

Ujjivan Small Finance Bank Non-Maintenance Charges
 

Key Points:
 

• Higher-balance accounts (like Privilege) have percentage-based fines.
   
• Regular & Digital accounts have fixed charges (₹25 or ₹50).
   
• Minor accounts are free: no penalties.

Avoid extra fees by keeping the minimum balance!

How to Check Your Monthly Average Balance in Ujjivan Small Finance Bank?

Tushar wants to check if he maintained his Privilege Savings Account minimum balance of ₹25,000 this month. He doesn't want to pay any extra charges, so he needs to find his Monthly Average Balance (MAB).

Also Read - Ujjivan Small Finance Bank Balance Check Number

How to Check Monthly Average Balance in Ujjivan Small Finance Bank

• Through Net Banking:
  • Log in to Ujjivan's net banking portal
  • Go to the 'Accounts' section
  • Select 'Account Statement'
  • Choose the month to view your average balance
     
• Through Mobile App:
  • Open the Ujjivan mobile banking app
  • Tap on your account details
  • Check 'Account Summary' for the monthly average balance
     
• Through SMS Alert:
  • If registered for SMS alerts, the bank sends monthly updates
  • Look for messages showing your average balance
     
• By Visiting Branch:
  • Walk into any Ujjivan branch
  • Ask the staff to check your MAB
  • They will print or show your account details
     
• Through Customer Care:
  • Call Ujjivan's customer service
  • Provide your account details
  • The executive will tell your MAB

Tip for Tushar: By checking MAB regularly, penalties are avoided. Checking a few days before the end of the month is the best way of realising that the minimum balance is satisfied.

How to Avoid Minimum Balance Penalties?

Tushar wants to avoid penalties on his Ujjivan Privilege Savings Account, where he must keep ₹25,000. Here's how he does it:

• Track balance weekly using mobile banking to stay above ₹25,000
   
• Set up SMS alerts for low-balance warnings from the bank
   
• Keep extra buffer money (like ₹27,000) for safety
   
• Move money early if the balance drops near the limit
   
• Use the salary account option if available (no minimum balance)
   
• Switch account type if unable to maintain balance (like Regular Savings needing only ₹1,000)

By following these steps, Tushar avoids penalties easily.

Conclusion 

Tushar got to know how to utilise his Ujjivan Privilege Savings Account. He recorded his balance, created alerts, and left a small amount of excess money, which allowed him to avoid the penalties charged by a bank to maintain minimum levels. He found out that it was easier and less stressful to know how his bank works and review his accounts frequently. 

Tushar can now take advantage of what his account has to offer and does not have secondary concerns about additional fees. His account demonstrates the fact that by taking minimalist, precautionary measures, each person can tackle banking needs with ease. Both transferring funds promptly and selecting the most appropriate type of account are easier when informed, and this way, it is possible to avoid penalties in banking.

FAQs on Ujjivan Small Finance Bank Minimum Balance

• What is the minimum balance in Ujjivan Bank?
  The minimum balance is the least amount you must keep in your account. For example, Tushar’s Privilege Account needs ₹25,000, while Regular Savings needs ₹1,000.

   

• What if I don’t maintain the minimum balance?
  You’ll be charged a penalty. For Privilege Accounts, it’s 5–10% of the shortfall; for Regular/Digital Accounts, it’s ₹25–₹50 per month.

   

• How is the monthly average balance (MAB) calculated?
  The bank adds your daily balances and divides them by the days in the month. If Tushar’s total is ₹7,50,000 in 30 days, his MAB is ₹25,000.
   

• Is there a minimum balance for Minor Accounts?
  No. Kids’ accounts have no minimum balance rule, so no penalties.

   

• Can I change my account type to avoid penalties?
  Yes. If you can’t maintain ₹25,000, switch to a Regular Savings Account (₹1,000 minimum).

   

• How can I check my minimum balance?
  Use net banking, the Ujjivan app, SMS alerts, or visit a branch. Tushar checks his via the app every week.

   

• Do salary accounts have minimum balance rules?
  No. Salary accounts usually don’t need a minimum balance, so no penalties.

   

• When is the penalty charged?
  At month-end. If your balance is below the limit even for a day, the fee applies.

   

• Can I get the penalty waived?
  Rarely. But you can request the bank if it’s your first mistake, as Tushar did once.

   

• How to avoid minimum balance penalties?
  Track your balance, set alerts, keep extra money, or switch to an account with lower requirements.
   

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