Utkarsh Small Finance Bank offers FD interest rates of 4.00-8.50% p.a. to the general public and 4.75-9.10% p.a. to senor citizens on tenures ranging from 7 days to 10 years. The interest rate on Utkarsh Small Finance Bank Tax Saving FDs is 7.50% p.a. for the general public and 8.10% p.a. for senior citizen depositors for tenures of 5 years. 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.
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FD Starts from Rs 2000
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*Rates are subject to change as per the bank's discretion.
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| Utkarsh Small Finance Bank FD Interest Rates (p.a.) Highlights 2024 | |
| Highest slab rate | 8.50% (for 2 years to 3 years; 1500 days) |
| For 1 year | 8.00% |
| For 2 years | 8.50% |
| For 3 years | 8.50% |
| For 4 years | 7.75% |
| For 5 years | 7.75% |
| Tax-Saving FD | 7.50% |
The interest rates are updated as of 2 December 2024
Card limit is 90% of FD Amount
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7%INTEREST ON FD
| Tenure | Interest Rates (% p.a.) | |
| Regular Customers | Senior Citizens | |
| 7 days to 45 days | 4.00 | 4.60 |
| 46 days to 90 days | 4.75 | 5.35 |
| 91 days to 180 days | 5.50 | 6.10 |
| 181 days to 364 days | 6.50 | 7.10 |
| 365 days to 699 days | 8.00 | 8.60 |
| 700 days to less than 2 years | 8.25 | 8.85 |
| 2 years (730 days) to 3 years (1096 days) |
8.50 | 9.10 |
| Above 3 years to less than 4 years | 8.25 | 8.85 |
| 4 years (1461 days) to 1499 days | 7.75 | 8.35 |
| 1500 days | 8.50 | 9.10 |
| 1501 days to 5 years (1826 days) |
7.75 | 8.35 |
| Above 5 years to 10 years | 7.25 | 7.85 |
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rates (% p.a.) | |
| Regular Customers | Senior Citizens | |
| 5 years | 7.50 | 8.10 |
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| Tenure | Interest Rates (% p.a.) | |
| Regular Customers | Senior Citizens | |
| 7 days to 45 days | 4.00 | 4.60 |
| 46 days to 90 days | 4.75 | 5.35 |
| 91 days to 180 days | 5.50 | 6.10 |
| 181 days to 364 days | 6.50 | 7.10 |
| 365 days to 699 days | 8.25 | 8.85 |
| 700 days to less than 2 years | 8.50 | 9.10 |
| 2 years to 3 years | 8.75 | 9.35 |
| Above 3 years to less than 4 years | 8.50 | 9.10 |
| 4 years (1461 days) to 1499 days | 8.00 | 8.60 |
| 1500 days | 8.75 | 9.35 |
| 1501 days to 5 years (1826 days) |
8.00 | 8.60 |
| Above 5 years to 10 years | 7.50 | 8.10 |
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Before putting money in any of the fixed deposit schemes by Utkarsh Small Finance Bank, it is suggested to use the Fixed Deposit Calculator at Paisabazaar.com. This is an online free tool that can be accessed at any time and from a mobile phone or computer, likewise.
Using an online FD calculator, customers can get an idea of their potential interest earnings with Utkarsh Bank’s FD schemes. To use the tool, one only needs to provide three inputs, viz. deposit amount, tenure for which FD is to be kept with the bank, and the updated Utkarsh Bank FD rates.
On submitting these details, the calculator shall furnish the estimated total interest earnings. This way, one can direct one’s money in the best possible way.
Q. What is the highest Utkarsh Small Finance Bank FD Rate available?
Currently, the highest Utkarsh Small Finance Bank FD rate is 8.50% for regular individuals & 9.10% for senior citizens (for 2 years to 3 years).
Q. 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.
Q. 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.
Q. Are there any penalty charges for premature withdrawal of Utkarsh Small Finance Bank Fixed Deposit?
Bank charges a penalty of 1%, i.e. interest is given at the applicable rate of interest minus 1%.
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