Ujjivan Small Finance Bank makes global money transfers easier with new Forex and EEFC accounts

For customers, these services simplify international banking by offering inward and outward remittances, foreign currency deposits, and multi-currency account management, all with competitive exchange rates and faster processing. Trained forex professionals and dedicated relationship managers will support customers through seamless digital and branch platforms.

The EEFC Account empowers exporters, professionals, and freelancers earning in foreign currency to retain their earnings without immediate conversion to Indian Rupees, helping them hedge against currency volatility and manage liquidity for future business or travel needs.

Customers will benefit from competitive exchange rates, faster processing timelines, and dedicated assistance from trained forex professionals, ensuring every international transaction is efficient and transparent.

The EEFC account can be maintained in freely convertible currencies and used for permissible transactions such as business payments, travel, and trade-related expenses, all in compliance with FEMA guidelines.

Hitendra Jha, Head of Retail Liabilities - TASC & TPP, Ujjivan Small Finance Bank, said, “With the introduction of our Fx Services and EEFC Account, we aim to empower customers with end-to-end international banking capabilities.. These offerings are designed for exporters and businesses engaged in international trade, freelancers and professionals earning in foreign currency, Non-Resident Indians (NRIs), small and medium enterprises with global operations, and travellers requiring foreign currency.”

1.Sending money in or out of the country is now simpler and faster. You can handle inward and outward remittances right through Ujjivan.

2.If you are an exporter, a freelancer who gets paid in dollars, or a professional earning foreign currency, you no longer have to instantly convert it to Indian Rupees (INR).

3.The EEFC Account lets you hold your foreign earnings, which is perfect for avoiding a bad exchange rate (hedging) or saving up for future travel and business needs.

4.You will benefit from competitive exchange rates and quicker processing times for all your transactions. Everything will be efficient and completely transparent.

5.You won't be navigating this alone. The bank has trained forex professionals and dedicated relationship managers to give you personalised support, whether you prefer to do it through the app or at a branch.