There were many microfinance institutions active in rural India, but very few served IndiaÍs urban population. To bridge this gap, Ujjivan focused on the urban poor. This is a fast growing segment that is relatively new to IndiaÍs microfinance industry. Our surveys and interaction with the urban poor show that they are exposed to enormous contingencies and are required to share their meagre resources with neighbors, friends, relatives and colleagues. Hence, there is a tremendous amount of bonding and affinity among them. We have also found that, contrary to popular belief, the urban poor are a stable population. Therefore, the significant difference between the urban and rural population is the lack of time and availability of space in cities.
Our primary target customers are women because research has shown that they are a better population segment for microfinance. They are proven to spend a larger portion of their money on the welfare of their family and therefore create systemic changes needed to move their families out of poverty. The lending alternatives for poor women, besides MFIs, are comprised of moneylenders and other high cost, typically unreliable services.
Our strategy, products and distribution methods began based on the results of an 18 month pilot program and an extensive market research study, both based in Bangalore, and has evolved over the past three years based on our findings and experience in each of our regions. From our research and experience, we have found that income is not a reliable determinant to establish economic status of the urban poor, so we also consider a variety of factors other such as housing, occupation, education, expenditure etc. Unlike in rural areas, a substantial portion of the urban poor are employees with salary income, working in the unorganized sector as housemaids or cooks and the organized sector in factories, hospitals, offices and hotels. The self-employed are mainly vendors, small shopkeepers, tailors, etc
- Company Name:Omkar Realtors & Developers Pvt. Ltd.
(View Trends)
-
Headquarters: (View Map)Bangalore, India
-
Financial Services
-
> 10,000 employees
- 1143928 Global Rank
- 60752 India
-
Search89.01%
-
Direct10.61%
-
Social0.38%
-
Display0.00%
-
Mail0.00%
-
Referrals0.00%
- India 100.0%
- Electronics and Electrical
- Semiconductors
- 10 SDKs
- 4.21 Avg. Rating
- App Url: https://itunes.apple.com/app/ujjivan-financial-services-limited/id1219179030
- App Support: https://www.ujjivansfb.in
- Genre: Business
- Bundle ID: com.ujjivansfb.mobilebanking
- App Size: 84.1 M
- Version: 1.4.7
- Release Date: April 5th, 2017
- Update Date: March 2nd, 2021
Description:
Ujjivan Mobile Banking
The official IOS mobile banking application of Ujjivan Small Finance Bank
Ujjivan Mobile Banking application offers banking services at your fingertips. It is a secure and user-friendly application that provides anywhere anytime access to banking services.
Ujjivan Mobile Banking application is available in English, Hindi, Kannada, Tamil, Bengali, Marathi, Gujarati, Punjabi and Oriya.
Features:
1. Convenient login using fingerprint or 4-digit mPIN
2. Online access to consolidated account balances
3. Average monthly balance and GST details for Current Account holders
4. Flexibility to download, view or e-mail your e-statement
5. Instant FD and RD creation
6. View deposit details and download FD advice
7. Bill payment facility with auto-pay feature
8. Overdraft account
9. Fund transfer facility :
a. Within your accounts
b. To other Ujjivan accounts
c. To other Bank customers through IMPS, NEFT and RTGS
d. Manage beneficiary
e. Set favorite transactions
10. Manage your own fund transfer limit
11. GST payment
12. TDS Enquiry
13. Automated Form 15 G/H
14. Flexibility to manage deposits - instant closure and change FD maturity instruction
15. Debit card services - set debit card pin, hotlist card and request a new card
16. Cheque services - request cheque book, stop cheque payment, enquire cheque status
They are headquartered at Bangalore, India, and have advertising & marketing contacts listed on Kochava. Omkar Realtors & Developers Pvt. Ltd. works with Advertising technology companies such as DoubleClick.Net.