Utkarsh Small Finance Bank helps its customers to fulfill their dreams through Fixed Deposit which is a one-time investment plan that provides higher interest rates in comparison to a savings account. Account holders can invest in Utkarsh Small Finance Fixed Deposit easily with a minimum investment amount of Rs. 1,000.
| Table of Contents |
| Tenures | Interest Rates (% P.A.) | |
| Regular Individuals | Senior Citizens | |
| 7 to 15 Days | 5.00% | 5.50% |
| 16 to 28 Days | 5.00% | 5.50% |
| 29 to 45 Days | 5.00% | 5.50% |
| 46 to 90 Days | 5.75% | 6.25% |
| 91 to 120 Days | 7.00% | 7.50% |
| 121 to 180 Days | 7.00% | 7.50% |
| 181 to 210 Days | 7.25% | 7.75% |
| 211 to 270 Days | 7.25% | 7.75% |
| 271 to less than 1 Year | 7.50% | 8.00% |
| 1 Year to 455 Days | 8.50% | 9.00% |
| 456 Days to less than 2 Years | 9.00% | 9.50% |
| 2 Years to less than 3 years | 8.00% | 8.50% |
| 3 Years to less than 5 Years | 8.00% | 8.50% |
| 5 Years | 8.35% | 8.85% |
| More than 5 Years to 10 Years | 8.00% | 8.50% |
Note: The interest rates are applicable on deposits below Rs. 2 crore with effect from August 19, 2019.
Following are the benefits of Utkarsh Small Finance Bank FD Account:
Individuals who belong to any of the below-mentioned categories are eligible for Utkarsh Small Finance Bank FD Account:
The following are the documents that customers would need in order to open a Fixed Deposit Account at Utkarsh Small Finance Bank:
Individuals:
Public or Private Limited Companies:
Partnership Firms:
Limited Liability Partnership Firms:
Proprietorship Concerns:
Hindu Undivided Family (HUF):
Note: If account holder doesn’t have the mentioned documents, then he / she can visit the nearest Utkarsh Small Finance Bank Branch for further information.
Premature withdrawal facility means that the depositor is can withdraw the fixed deposit amount before the deposit tenure. Fixed Deposit is classified in two types:
However, individuals with Utkarsh Small Finance Bank FD account need to pay 1% penalty on premature withdrawal. Also, no interest is payable on deposits prematurely withdrawn within tenure of 7 days from the date of deposit.
Individuals who want to invest in Utkarsh Small Finance Bank FD can visit their nearest bank branch or call Utkarsh Small Finance Bank Customer Care number for further assistance.
Q. What is the minimum amount to invest in Utkarsh Small Finance Bank Fixed Deposit Account?
A. The minimum amount to invest in Utkarsh Small Finance Bank Fixed Deposit Account is Rs. 1,000.
Q. Is there any maximum investment amount in Utkarsh Small Finance Bank Fixed Deposit Account?
A. No, there’s no maximum limit to invest in Utkarsh Small Finance Bank Fixed Deposit Account.
Q. Are there any penalty charges on premature withdrawal of Utkarsh Small Finance Bank Fixed Deposit?
A. Penalty on premature withdrawal is 1% i.e. 1% less than card rate as on the date of deposit, for the period for which the deposit has remained with the Bank or 1% less than the contracted rate whichever is lower.
Q. What is the tenure for an Utkarsh Small Finance Bank Fixed Deposit Account?
A. The minimum tenure for Utkarsh Small Finance Bank fixed deposit is 7 days and maximum tenure is 10 years.
Q. What is Utkarsh Small Finance Bank FD rate for senior citizens?
A. Utkarsh Bank FD rate is 0.50% higher than interest on domestic term deposits for regular individuals across all maturities.
Q. What is the highest Utkarsh Small Finance Bank FD Rate available?
A. Currently, the highest Utkarsh Small Finance Bank FD rate is 9% for regular individuals & 9.50% for senior citizens.