Utkarsh Small Finance bank Recurring Deposit
Utkarsh Small Finance Bank has some of the most competitive FD interest rates on the market. Customers of the bank have the option of securing their investments in fixed deposits while also earning good returns. Continue reading to learn about Utkarsh Small Finance Bank’s current FD rates, as well as the bank’s premature withdrawal facility, eligibility requirements, and more.
Utkarsh Small Finance Bank FD Rates
|
Tenures
|
Utkarsh Bank FD Rates (p.a.) | |
| General Customers |
Senior Citizens
|
|
| 7 days to 45 days | 3.00% | 3.50% |
| 46 days to 90 days | 3.25% | 3.75% |
| 91 days to 180 days | 4.00% | 4.50% |
| 181 days to 364 days | 6.00% | 6.50% |
| 365 days to 699 days | 6.75% | 7.25% |
| 700 days | 7.00% | 7.50% |
| 701 days to 3652 days | 6.75% | 7.25% |
Utkarsh Small Finance Bank – Fixed Deposit Schemes
To satisfy the needs of a wide variety of customers, the bank offers two forms of fixed deposit schemes. These are the plans:
- Utkarsh – Fixed Deposit
- Utkarsh – Fixed Deposit Plus
Features & Benefits of Utkarsh Bank FD Schemes
- Utkarsh Fixed Deposit
This is the bank’s standard FD program, which is suitable for the majority of its customers. This scheme’s specifics are described in the table below:
| Particulars | Details |
| Tenure |
7 days – 10 years
|
| Min. Deposit Amount | Rs. 1,000 |
| Interest Treatment |
Simple Interest calculation for deposits maturing in less than 181 days
|
|
The option of compounding available for deposits maturing in 181 days or more
|
|
| Rates for Senior Citizens |
0.5% over the standard FD interest rates
|
| Premature Withdrawal |
Allowed; a penalty of 1%
|
| Features | |
|
Option to receive monthly or quarterly interest
|
|
|
A nominee can be appointed online
|
|
|
Available for resident individuals and non-individuals
|
|
|
No capping on investment amount (for deposits above Rs. 2 crores, customer needs to directly contact the bank)
|
- Utkarsh Fixed Deposit Plus
This fixed deposit scheme is intended to give those who want to spend a larger sum of money a higher rate of return (minimum Rs. 15 Lakh to less than Rs. 2 Crore). The following are some of the features of this scheme:
| Particulars | Details |
| Tenure |
7 days – 10 years
|
| Min. Deposit Amount | Rs. 15 lakh |
| Max. Deposit Amount |
Less than Rs.1 crore
|
| Interest Treatment |
Same as that of regular fixed deposit scheme
|
| Rates for Senior Citizens | 0.50% extra |
| Premature Withdrawal | Not allowed |
| Features | |
|
Higher FD rates than regular fixed deposit scheme
|
|
|
Online nomination facility available
|
|
|
Investment capped at Rs. 2 crore
|
Utkarsh Bank FD Calculator
It is suggested that you use the Fixed Deposit Calculator at Pa dialabank.com before investing in any of Utkarsh Small Finance Bank’s fixed deposit schemes. This is a free online service that can be accessed at any time and from any device, including a cell phone or a computer.
Customers may use this FD calculator to estimate their future interest earnings with Utkarsh Bank’s FD schemes. To use the method, simply enter the deposit number, the term for which the FD should be held with the bank, and the current Utkarsh Bank FD rates.
The calculator will calculate the expected net interest earnings after you enter these data. This way, one can direct one’s money in the best possible way.
Eligibility Criteria – Who can apply?
The persons stated below can apply for the FD schemes by Utkarsh Small Finance Bank:
- Indian residents (individuals)
- Hindu Undivided Families (HUFs)
- Partnership Firms
- Sole Proprietorship Firms
- Trusts and Societies
- Limited Companies
✅ What is the highest Utkarsh Small Finance Bank FD Rate available?
Currently, the highest Utkarsh Small Finance Bank FD rate is 7.00% for regular individuals & 7.50% for senior citizens (700 days).
✅ What is the minimum amount to invest in Utkarsh Small Finance Bank Fixed Deposit Account?
The minimum amount to invest in Utkarsh Small Finance Bank Fixed Deposit Account is Rs. 1,000.
✅ What is the minimum amount to invest in Utkarsh Small Finance Bank Fixed Deposit Plus Account?
The minimum amount to invest in Utkarsh Small Finance Bank Fixed Deposit Account Plus is Rs. 15,00,000.