• Utkarsh Small Finance Bank FD

    Utkarsh Small Finance Bank gives its customers the option of opening fixed deposits. The bank has two types of fixed deposit schemes:

    • Utkarsh – Fixed Deposit
    • Utkarsh – Fixed Deposit Plus

    Utkarsh – Fixed Deposit

    • The minimum tenure for a fixed deposit is seven days.
    • The penalty for premature withdrawal is 1 % (this is not applicable for closure within 7 days)

    Utkarsh – Fixed Deposit Interest Rates

    Tenure Interest Rates up to 2 Cr Interest Rates for Senior Citizen
    7-45 Days 3.00% 3.50%
    46-90 Days 3.25% 3.75%
    91-180 Days 4.00% 4.50%
    181-364 Days 6.00% 6.50%
    365-699 Days 6.75% 7.25%
    700 Days 7.00% 7.50%
    701 days and more 6.75% 7.25%

    Benefits of Utkarsh – Fixed Deposit

    • You can get competitive returns on the surplus funds.
    • You can enjoy additional returns if you are a senior citizen.
    • This is a fast process and can be accessed from anywhere.
    • There are quarterly and monthly pay-outs.

    Eligibility for Utkarsh – Fixed Deposit

    You can apply for the Utkarsh – Fixed Deposit if you are:

    • Hindu Undivided Families
    • Individual Resident of India
    • Partnership Firms
    • Sole Proprietorship Firms
    • Trust and societies
    • Limited Companies

    Other Details on Utkarsh – Fixed Deposit

    Particulars Charges
    Minimum Investment Amount Rs. 1,000
    Maximum Investment Amount No Maximum Limit
    Minimum Tenure 7 Days
    Maximum Tenure 10 Years
    Penalty on Premature Withdrawal 1% (Not Applicable for closure within 7 days)

    Utkarsh – Fixed Deposit Plus

    Fixed Deposit Plus is a plan which will give its customers returns at the end of the term. They also offer an efficient management of the investment with benefits. The interest paid on the fixed deposits will vary based on tenure and amount.

    Utkarsh – Fixed Deposit Plus Interest Rates

    Tenure Interest Rates up to 2 Cr Interest Rates for Senior Citizen
    7-45 Days 3.00% 3.50%
    46-90 Days 3.25% 3.75%
    91-180 Days 4.00% 4.50%
    181-364 Days 6.00% 6.50%
    365-699 Days 7.00% 7.50%
    700 Days 7.25% 7.75%
    701 days and more 7.00% 7.50%

    Benefits of Utkarsh – Fixed Deposit Plus

    • You can get competitive returns on the surplus funds.
    • You can enjoy additional returns if you are a senior citizen.
    • You can get more interest with your fixed deposit.
    • This is a fast process and can be accessed from anywhere.
    • There are quarterly and monthly pay-outs.

    Eligibility for Utkarsh – Fixed Deposit Plus

    You can apply for the Utkarsh – Fixed Deposit Plus if you are:

    • Hindu Undivided Families
    • Individual Resident of India
    • Partnership Firms
    • Sole Proprietorship Firms
    • Trust and societies
    • Limited Companies

    Other Details on Utkarsh – Fixed Deposit Plus

    Particulars Charges
    Minimum Investment Amount Above Rs.15 lakh
    Maximum Investment Amount Less than Rs.2 Crore
    Minimum Tenure 7 Days
    Maximum Tenure 10 Years
    Premature Withdrawal Facility Not Available

    FAQs on Utkarsh Small Finance Bank FD

    1. How can I apply for a Fixed Deposit Account with the bank?

      You can visit the nearest Utkarsh Small Finance Bank branch and apply for a Fixed Deposit account.

    2. What is the minimum amount I have to invest for the FD Plus?

      You will have to invest a minimum amount of Rs.15,00,001 in your Fixed Deposit Plus.

    3. When can the Fixed Deposit Plus be prematurely withdrawn?

      The ban will allow you for premature withdrawal of deposits under a few exceptional circumstances like in the event of any direction from statutory and/or regulatory authority.

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