Utkarsh Small Finance Bank RD Rates – 2025 Overview
The Recurring Deposit (RD) offered by Utkarsh Small Finance Bank comes with several attractive advantages, making it a secure and flexible savings option. It offers competitive interest rates—ranging from 6.50% to 8.00% for regular customers and up to 8.50% for senior citizens—depending on the tenure.
Utkarsh Small Finance Bank offers Recurring Deposits (RD) at a starting interest rate of 6.50%. The minimum deposit amount required to book a recurring deposit is Rs.100 for a tenure ranging between 6 months to 10 years.
Utkarsh Small Finance Bank RD Interest Rates
The RD interest rates of Utkarsh Small Finance Bank are mentioned in the table below:
Tenure | Interest Rates* (p.a.) for General citizens | Interest Rates* (p.a.) for Senior Citizens |
Up to 6 months | 6.50% | 7.00% |
9 months | 6.50% | 7.00% |
12 months | 6.75% | 7.25% |
15 months | 7.00% | 7.50% |
18 months | 7.25% | 7.75% |
21 months | 7.50% | 8.00% |
Above 21 months and less than 24 months | 7.50% | 8.00% |
24 months to 36 months | 8.00% | 8.50% |
Above 3 years up to 5 years | 6.75% | 7.25% |
Above 5 years up to 10 years | 6.75% | 7.25% |
Note: The interest rates for recurring deposits may change as per the bank’s discretion. These interest rates are effective from 25 July 2025.
Features and Benefits of Utkarsh Small Finance Bank Recurring Deposit
The following are the features and benefits of Utkarsh Small Finance Bank RD:
- You can invest an amount as small as Rs.100 in recurring deposit
- Senior citizens get additional interest rate benefit of 0.50%
- Interest is compounded on quarterly basis
- Tax deductions under Section 80C of Income Tax Act can be availed
- Premature withdrawal of the recurring deposit is allowed
Documents Required to Apply for Utkarsh Small Finance Bank RD
The following documents are required to apply for a recurring deposit:
- Identity proof - Aadhaar card, PAN card, Passport, etc.
- Address proof - Electricity bill, water bill, Aadhaar card, etc.
- Passport size photographs
- Application form
How to Apply for a Recurring Deposit with Utkarsh Small Finance Bank?
You need to visit the nearest Utkarsh Small Finance bank’s branch to apply for a recurring deposit.
FAQs on Utkarsh Small Finance Bank RD Rates
- What is the minimum tenure of Utkarsh Small Finance Bank recurring deposit?
The minimum tenure of Utkarsh Small Finance Bank recurring deposit is six months.
- How much is the minimum deposit amount for a recurring deposit?
The minimum deposit amount for recurring deposit is Rs.100
- How much is the penalty on premature withdrawal of the recurring deposit?
A penalty of 1% is charged on premature withdrawal of the recurring deposit. However, this penalty is not applicable is the deposit is closed within seven days of time.
- Is premature withdrawal of recurring deposit allowed at Utkarsh Small Finance Bank?
Yes, premature withdrawal of recurring deposit is allowed at Utkarsh Small Finance Bank
- Can I avail tax benefits on recurring deposit?
Yes, you can avail tax benefits on recurring deposit under Section 80C of the IT Act.
- Do senior citizens get any additional benefits on Utkarsh Small Finance Bank recurring deposit?
Yes, the senior citizens get an additional interest rate benefit of 0.50% on Utkarsh Small Finance Bank recurring deposit.
- Can I apply for Utkarsh Small Finance Bank recurring deposit online?
No, the Utkarsh Small Finance Bank does not provide the facility to apply for recurring deposit online.
- Can avail a loan against my recurring deposit?
No, you cannot avail yourself of a loan against the recurring deposit.
- Is nomination facility available with Utkarsh Small Finance Bank recurring deposit?
No, nomination facility is not available with Utkarsh Small Finance Bank recurring deposit
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