Ujjivan Small Finance Bank Launches Foreign Exchange Services and EEFC Accounts for Seamless Global Transactions

Bengaluru, November 3rd, 2025 – Ujjivan Small Finance Bank today announced the launch of comprehensive Foreign Exchange (Fx) Services and Exchange Earners’ Foreign Currency (EEFC) Accounts, marking a significant milestone in expanding its international banking portfolio. This strategic initiative reinforces the Bank’s commitment to providing modern, secure, and globally accessible banking solutions tailored to meet the diverse needs of individuals and businesses engaged in cross-border transactions.

The newly launched Fx Services enable customers to access a wide range of international banking solutions, including inward remittances for receiving funds from abroad, outward remittances for sending money globally, and foreign currency deposits for holding multi-currency accounts. 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.

Complementing the Fx Services, the EEFC Account offers exporters and professionals earning in foreign currency a convenient way to hold and manage their foreign exchange earnings without immediate conversion to Indian Rupees. This facility helps customers hedge against currency fluctuations while maintaining liquidity in foreign currency for future business or travel needs. 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.

Commenting on the launch, Mr. 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. This launch aligns with our vision to simplify global transactions for individuals and businesses, offering them accessibility, transparency, and convenience through a trusted digital platform. 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. The Bank remains focused on enhancing customer experience and contributing to India’s growing cross-border trade and remittance ecosystem.”

The new offerings provide hassle-free inward and outward remittance services with competitive exchange rates, supported by digital process enablement for faster and transparent forex transactions. The EEFC Account facility allows customers to retain and utilize foreign currency earnings, with all permissible debits and credits conducted as per FEMA guidelines. Customers will have access to dedicated forex relationship managers for personalized support, along with flexible tenure options for deposits and account maintenance. Enhanced customer convenience is delivered through seamless integration with the Bank’s digital and branch banking channels.