Utkarsh Small Finance Bank Latest FD Interest Rates

Utkarsh Small Finance Bank Latest Fixed Deposit Interest Rates

Interest Rates on Domestic Fixed Deposits
(Without Premature Withdrawal Facility)

(For Deposits above Rs. 15 Lakhs to less than Rs. 2 Crore)

Sr No. Tenure INTEREST RATES (%P.A.)-W.E.F. October 17, 2022
General Customers Senior Citizens
1 7 Days to 45 Days 4.00% 4.75%
2 46 Days to 90 Days 4.25% 5.00%
3 91 Days to 180 Days 5.00% 5.75%
4 181 Days to 364 Days 6.00% 6.75%
5 365 Days to 699 Days 7.15% 7.90%
6 700 Days 7.75% 8.50%
7 701 Days upto 5 Years 7.50% 8.25%
8 Above 5 Years to 10 Years 6.25% 7.00%

Note:

Minimum tenor of the deposit offered would be seven days.

Penalty on premature withdrawal is 1 % (not applicable for closure within 7 days) i.e. 1 % less than the 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.

For Tax Saver Fixed Deposit, please refer Tax Saver’s Interest Rate card.

Interest rates are subject to change from time to time. Deposits will be booked post receipt of clear funds with the Bank at applicable interest rate as on the date of receipt of funds.

Above rates are applicable for fresh fixed deposits as also for renewal of existing fixed deposits.

Interest earned will be subject to Tax Deducted at Source as per Income Tax Act and Rules.

For Term Deposits with tenure below 181 days, interest will be calculated on maturity on Simple Interest basis.

Interest on Term Deposit can be paid for a period of less than a quarter (monthly pay-out) at the discounted interest rates as per RBI directives.

No interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.

For interest rates of bulk deposits (Rs. 2 Crore and above), please contact the nearest Utkarsh Small Finance Bank Branch.

Interest Rates on Domestic Fixed Deposits Plus
(Without Premature Withdrawal Facility)

(For Deposits above Rs. 15 Lakhs to less than Rs. 2 Crore)

Sr No. Tenure INTEREST RATES (%P.A.)-W.E.F. October 17, 2022
General Customers Senior Citizens
1 7 Days to 45 Days 4.00% 4.75%
2 46 Days to 90 Days 4.25% 5.00%
3 91 Days to 180 Days 5.00% 5.75%
4 181 Days to 364 Days 6.00% 6.75%
5 365 Days to 699 Days 7.40% 8.15%
6 700 Days 8.00 % 8.75%
7 701 Days upto 5 Years 7.75% 8.50%
8 Above 5 Years to 10 Years 6.50% 7.25%

Note:

Minimum tenor of the deposit offered would be seven days.

Penalty on premature withdrawal is 1 % (not applicable for closure within 7 days) i.e. 1 % less than the 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.

For Tax Saver Fixed Deposit, please refer Tax Saver’s Interest Rate card.

Interest rates are subject to change from time to time. Deposits will be booked post receipt of clear funds with the Bank at applicable interest rate as on the date of receipt of funds.

Above rates are applicable for fresh fixed deposits as also for renewal of existing fixed deposits.

Interest earned will be subject to Tax Deducted at Source as per Income Tax Act and Rules.

For Term Deposits with tenure below 181 days, interest will be calculated on maturity on Simple Interest basis.

Interest on Term Deposit can be paid for a period of less than a quarter (monthly pay-out) at the discounted interest rates as per RBI directives.

No interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.

For interest rates of bulk deposits (Rs. 2 Crore and above), please contact the nearest Utkarsh Small Finance Bank Branch.

Interest Rates on Domestic Tax Saver Fixed Deposit

Sr No. Tenure INTEREST RATES (%P.A.)-W.E.F. October 17, 2022
General Customers Senior Citizens
1 5 Years 7.50% 8.25%

Note:

Minimum amount for the investment should be Rs. 1,000/- & Maximum Rs. 1,50,000/-. 

Minimum and maximum tenure of the Deposit will be 5 Years.

Above rates are applicable for fresh fixed deposits.

 Auto Renewal will not be allowed on the Tax Saver Fixed Deposit.

 No premature withdrawal is allowed for this deposit except in the event of any direction from any statutory and/or regulatory authority or deceased claim settlement cases.

 Interest rates are subject to change from time to time. Deposits will be booked post receipt of clear funds with the Bank at applicable interest rate as on the date of receipt of funds.

 Interest earned will be subject to Tax Deducted at Source as per Income Tax Act and Rules.

 Interest on Term Deposit can be paid for a period of less than a quarter (monthly pay-out) at the discounted interest rates as per RBI directives.

 Tax Saver Fixed Deposit cannot be pledged as security to avail loan