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 | For General Public (% p.a.) | For Senior Citizens (% p.a.) |
7 days to 45 days | 4.00% | 4.60% |
46 days to 90 days | 4.75% | 5.35% |
91 days to 180 days | 5.50% | 6.10% |
181 days to 364 days | 6.50% | 7.10% |
365 days to 699 days | 8.00% | 8.60% |
700 Days to less than 2 years | 8.25% | 8.85% |
Above 3 years to less than 4 years | 8.25% | 8.85% |
1500 Days | 8.50% | 9.10% |
Above 5 years to 10 years | 7.25% | 7.85% |
Note: The interest rates mentioned in the table are effective 15 May 2024 and are subject to change as per the bank's discretion.
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 (FD)
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 | For General Public (% p.a.) | For Senior Citizens (% p.a.) |
7 days to 45 days | 4.00% | 4.60% |
46 days to 90 days | 4.75% | 5.35% |
91 days to 180 days | 5.50% | 6.10% |
181 days to 364 days | 6.50% | 7.10% |
365 days to 699 days | 8.25% | 8.85% |
700 days to less than 2 years | 8.50% | 9.10% |
1500 days | 8.75% | 9.35% |
Above 5 years to 10 years | 7.50% | 8.10% |
Note: The interest rates mentioned in the table are effective 15 May 2024 and are subject to change as per the bank's discretion.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 |
Small Finance Bank FD Ratets
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FAQs on Utkarsh Small Finance Bank FD
- 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.
- 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.
- 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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