Utkarsh Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance cover from DICGC, an RBI subsidiary, insures cumulative deposits up to Rs 5 lakh made by each depositor, including his fixed deposits, savings, current, and recurring deposits, in each scheduled bank in case of the failure or merger/amalgamation of a scheduled bank.
Utkarsh Small Finance Bank FD Interest Rates (p.a.) Highlights 2022 | |
Highest slab rate | 7.25% (for 700 to 1000 days) |
For 1 year | 6.90% |
For 2 years | 7.25% |
For 3 years | 6.75% |
For 4 years | 6.75% |
For 5 years | 6.75% |
Tax-Saving FD | 6.75% |
The interest rates are updated as of 20 June 2022