Utkarsh Small Finance Bank Savings Account

Account Balance	Interest Rate (p.a.)
Balance up to Rs. 1 Lakh	4.00%
Incremental balance above Rs. 1 Lakh and up to Rs. 5 Lakh	6.25%
Incremental balance above Rs. 5 Lakh and up to Rs. Crore	7.50%
Incremental Balance above Rs. 50 Crore	7.75%

Note: Interest rates are updated as on 11th September 2024.. and are with effect from 1st Feb 2024

Customers can avail various benefits and high returns by investing in Utkarsh Small Finance Bank Standard Savings Account.  Let’s look at the various benefits offered by this account.

Utkarsh Small Finance Bank Standard Savings Account Features & Benefits

Metro/urban customers can avail classic banking services with an Average Quarterly Balance of Rs. 10,000 and semi-urban/rural customers can avail the same at Rs.5,000 of half yearly average balance Customers can enjoy banking services with Average Quarterly Balance instead of monthly Customers can earn interest up to 6% p.a. at any balance This account offers free unlimited ATM transactions across all banks within the country Customers can avail Classic Rupay Debit Card with personal Accidental Insurance cover of Rs. 1 lakh

 Eligibility Criteria

Anyone residing in India or a Hindu Undivided Family can apply for an Utkarsh Standard Savings Account.

Fees and Charges

AQB Requirements	AQB Non-Maintenance Charges
Metro/Urban : Rs.10,000	Metro/Urban: Rs. 25 per Rs. 500 of shortfall, maximum Rs. 350/-for quarter
Semi Urban/Rural : Rs. 5,000	Semi Urban/Rural: Rs. 25 per Rs. 500 of shortfall, maximum Rs. 250/ for half year
Debit Card	Rupay Card – Classic
Card Fees	Issuance Fee (Primary Holder): Rs. 50 Annual Fee (Primary Holder): Free for first year, Rs. 50 from subsequent year
Withdrawal Limit	ATM Rs. 40,000 per day
Per Transaction Limits	Rs. 20,000 (own Bank ATM), Rs. 10,000 (other Bank ATM)
Shopping Limit	POS Rs. 1,00,000 per day
Per Transaction Limits	POS Rs. 25,000
ATM Transactions	Unlimited Free Transactions
Other ATM Card Charges	PIN Regeneration Charges – NIL (Green Pin) Card Replacement Charges – Rs. 100 Add on charges – Rs. 100
Service Type	Free limit	Charges Beyond Free Limit
Cash Deposit Transactions	Rs. 5 Lakh 10 transactions	Rs. 2.50 per Rs. 1,000 (Minimum Rs. 20)
Cheque book	One Free Cheque book per quarter (20 leaves)	Rs. 2  leaf
DD/PO transactions	Demand Drafts Payable at own Bank locations: Up to Rs. 2,000- Rs. 20 Above Rs. 2,001 – up to Rs. 10,000- Rs. 50 Above 10,000, Rs.2 – Rs. 1,000 (Min 60 & Max Rs. 1,500) Payable at corresponding bank locations: Re. 1 per every Rs. 1000, min Rs. 25 DD + Correspondent Bank charges Revalidation/Duplicate DD: Rs. 100 Cancellation: Rs. 100

Utkarsh Small Finance Bank Premium Savings Account provides various benefits and services to its customers along with convenient banking, lifestyle privileges, transactional offers, etc. Let’s look at the various benefits offered by this account.

Utkarsh Small Finance Bank Premium Savings Account Features & Benefits

It provides an access to premium lounges at airports Unlimited Free ATM transactions across all ATMs (own/other) within India It offers the facility of free online transaction Customers can avail Platinum Rupay Debit Card with personal Accidental Insurance cover of Rs. 2 lakh

Eligibility Criteria

Anyone residing in India or a Hindu Undivided Family can apply for an Utkarsh Premium Savings Account.

Fees and Charges

AQB Requirements	AQB Non-Maintenance Charges
Rs. 50,000 AQB or Relationship of Rs.5 lakh	NIL for first year (From subsequent years, based on review of average balance maintained in first year)
Debit Card	Rupay Card – Classic
Card Fees	Issuance Fee (Primary Holder):  Rs. 250 Annual Fee (Primary Holder): Free for first year, Rs. 250 from subsequent year
Withdrawal Limit	ATM  Rs. 1,00,000 per day
Per Transaction Limits	Rs. 20,000 (own Bank ATM) Rs. 10,000 (other Bank ATM)
Shopping Limit	POS Rs. 1.5 lakh per day
Per Transaction Limits	POS Rs. 50,000
ATM Transactions	Unlimited Free Transactions
Other ATM Card Charges	PIN Regeneration Charges – NIL (Green Pin) Card Replacement Charges – Rs. 250 Add on charges –  Rs. 250
Service Type	Free limit	Charges Beyond Free Limit
Cash Deposit Transactions	Rs. 20 lakh Unlimited transactions	Rs. 2.50 per Rs. 1,000 (Min.  Rs. 20)
Cheque book	Two Free Chequebook per quarter (20 leaves)	Rs. 2 leaf
DD/PO transactions	Demand Drafts Payable at own Bank locations: Upto Rs. 2,000-  Rs. 20 Above  Rs. 2,001 up to  Rs. 10,000- Rs. 50 Above Rs. 10,000,  Rs.2- Rs. 1,000 (Minimum Rs. 60 and Maximum Rs. 1,500) Payable at corresponding bank locations: Re. 1 per every Rs. 1000, min Rs. 25 DD + Correspondent Bank Charges Revalidation/Duplicate DD:  Rs. 100 Cancellation:  Rs. 100

The bank offers an account for children below the age of 18 years to provide a range of special banking benefits. Let’s look at the various benefits offered by this account.

Utkarsh Small Finance Bank Minor Savings Account Features & Benefits

Customers can earn interest up to 5% rate at balance up to Rs. 1 lakh It provides the facility to auto transfer funds to minor’s account Customers can get free SMS alerts It offers lower ATM withdrawal and purchase limits as protection against misuse Classic Rupay Debit Card with unlimited free ATM access at (own/other) banks within India

Eligibility Criteria

Children below 18 years of age can open a Minor Savings Account with Utkarsh Small Finance Bank.

Fees and Charges

AQB Requirements	AQB Non-Maintenance Charges
Metro/Urban : Rs. 5,000 AQB	Metro/Urban: Rs. 25 per Rs. 500/-of shortfall, Maximum Rs. 350 for quarter
Semi Urban/Rural : Rs. 1,000 half yearly	Semi Urban/Rural: Rs. 25 per Rs. 500 of shortfall, Maximum Rs. 250 for half year
Debit Card	Rupay Card – Classic
Card Fees	Issuance Fee (Primary Holder): Rs. 50/- Annual Fee (Primary Holder): Free for first year,  Rs. 50 from subsequent year
Withdrawal Limit	ATM Rs. 5,000 per day
Per Transaction Limits	Rs. 5,000 (own Bank ATM), Rs. 5,000 (other Bank ATM)
Shopping Limit	POS Rs. 5,000 per day
Per Transaction Limits	POS Rs. 5,000
ATM Transactions	Unlimited Free Transactions
Other ATM Card Charges	PIN Regeneration Charges – NIL (Green PIN) Card Replacement Charges – Rs. 100
Service Type	Free limit	Charges Beyond Free Limit
Cash Deposit Transactions	Rs. 5 Lakh/ 10 transactions	Rs. 2.50 per Rs. 1,000 (Min. Rs. 20/-)
Cheque book	One Free Chequebook per quarter (20 leaves)	Rs. 2 leaf
DD/PO transactions	Demand Drafts Payable at own Bank locations: Upto Rs. 2,000 – Rs. 20 Above Rs. 2,001  up to  Rs. 10,000/- Rs. 50 Above Rs. 10,000- Rs. 2- Rs. 1,000 (Minimum Rs. 60 & Maximum Rs. 1,500) Payable at corresponding bank locations: Re. 1 per every Rs. 1000, minimum Rs. 25 DD + Correspondent Bank charges Revalidation/Duplicate DD: Rs. 100 Cancellation: Rs. 100

Utkarsh Small Finance Bank offers a salary account to its organisation and employees with easy disbursement of salaries, and a range of modern and customised investment solutions. Let’s look at the various benefits offered by this account.

Utkarsh Small Finance Bank Salary Account Features & Benefits

Customers can earn interest up to 5% rate at balance up to Rs. 1 lakh It is a zero balance savings account It offers free and unlimited ATM access (own/other) bank Customers can avail Classic/Platinum Debit Card with personal accident insurance cover (Terms and Conditions applied) Customers an opt for two variants of accounts i.e. Standard and Premium Salary Account

Eligibility Criteria

To know the eligibility of Utkarsh Small Finance Bank Salary Account, account holders need to visit the nearest bank branch.

Fees and Charges

AQB Requirements	AQB Non-Maintenance Charges
NIL	NIL
Debit Card	Rupay Card – Classic
Card Fees	Issuance Fee (Primary Holder): Free Annual Fee (Primary Holder): Free
Withdrawal Limit	ATM Rs. 40,000 per day
Per Transaction Limits	Rs. 20,000(own Bank ATM) Rs. 10,000 (other Bank ATM)
Shopping Limit	POS Rs. 1,00,000 per day
Per Transaction Limits	POS Rs. 25,000
ATM Transactions	Unlimited Free Transactions
Other ATM Card Charges	PIN Regeneration Charges – NIL (Green Pin) Card Replacement Charges – Rs. 100 Add-on Card Charges- Rs. 100
Service Type	Free limit	Charges Beyond Free Limit
Cash Deposit Transactions	Rs. 5 Lakh/ 10 transactions	Rs. 2.50 per Rs. 1,000 (Min. Rs. 20/-)
Cheque book	One Free Chequebook per quarter (20 leaves)	Rs. 2 leaf
DD/PO transactions	Demand Drafts Payable at own Bank locations: Up to Rs. 2,000 – Rs. 20 Above Rs. 2,001  up to  Rs. 10,000/- Rs. 50 Above Rs. 10,000- Rs. 2- Rs. 1,000 (Minimum Rs. 60 & Maximum Rs. 1,500) Payable at corresponding bank locations:Re. 1 per every Rs. 1000, minimum Rs. 25 DD + Correspondent Bank charges Revalidation/Duplicate DD: Free Cancellation: Free

Suggested Read: 5 Best Salary Account Choices for Salaried Individuals

Account holders can avail various banking features with Utkarsh Small Finance Bank Basic Savings Deposit Account. Let’s look at the various benefits offered by this account.

Utkarsh Bank Basic Savings Bank Deposit Account Features & Benefits

Customers can earn interest up to 5% rate at balance up to Rs. 1 lakh This account requires no minimum balance It comes with free debit card facilities It offers free and unlimited ATM access (own/other) bank Customers can get access to internet banking It provides complementary personal accident insurance cover Customers can also avail the facility of  passbook

Eligibility Criteria

Anyone residing in India or a Hindu Undivided Family can apply for Basic Savings Bank Deposit Account.

Fees and Charges

AQB Requirements	AQB Non-Maintenance Charges
NIL	NIL
Debit Card	Rupay Card – Classic
Card Fees	Issuance Fee (Primary Holder): Free Annual Fee (Primary Holder): Free
Withdrawal Limit	ATM Rs. 10,000 per day
Per Transaction Limits	Rs. 10,000(own Bank ATM) Rs. 10,000 (other Bank ATM)
Shopping Limit	POS Rs. 10,000 per day
Per Transaction Limits	POS Rs. 10,000
ATM Transactions	Unlimited Free Transactions
Other ATM Card Charges	PIN Regeneration Charges – NIL (Green Pin) Card Replacement Charges – Rs. 100
Service Type	Free limit	Charges Beyond Free Limit
Cash Deposit Transactions	Rs. 1 Lakh/ 4 transactions	Rs. 2.50 per Rs. 1,000 (Min. Rs. 20/-)
Cheque book	One Free Chequebook per quarter (20 leaves)	Rs. 2 leaf
DD/PO transactions	Demand Drafts Payable at own Bank locations: Up to Rs. 2,000 – Rs. 20 Above Rs. 2,001  up to  Rs. 10,000/- Rs. 50 Above Rs. 10,000- Rs. 2- Rs. 1,000 (Minimum Rs. 60 & Maximum Rs. 1,500) Payable at corresponding bank locations: Re. 1 per every Rs. 1000, minimum Rs. 25 DD + Correspondent Bank charges Revalidation/Duplicate DD: Rs. 100 Cancellation: Rs. 100

This account is especially for customers belonging to lower sector of the society, who do not have proper KYC documents. Let’s look at the various benefits offered by this account.

Utkarsh Bank Basic Savings Bank Deposit Account (Small) Features & Benefits

Customers can earn interest up to 5% rate at balance up to Rs. 1 lakh It is zero balance savings account This account with a free RuPay card facility to access the account Customers can also avail the facility of  passbook It provides benefit from the four free transaction per month at all branches It offers added benefits including a shopping limit of Rs.10,000 per month It has a withdrawal limit of Rs. 10,000 per month from any ATM

Eligibility Criteria

Anyone residing in India or a Hindu Undivided Family can apply for Basic Savings Bank Deposit Account.

Fees and Charges

AQB Requirements	AQB Non-Maintenance Charges
NIL (The balance at any point of time should not exceed Rs. 50,000)	NIL
Debit Card	Rupay Card- Classic
Card Fees	Issuance Fee (Primary Holder): Free Annual Fee (Primary Holder): Free
Withdrawal Limit	ATM Rs.10,000 per day
Per Transaction Limits	Rs. 10,000 (own Bank ATM) Rs. 10,000 (other Bank ATM)
Shopping Limit	POS Rs. 10,000 per day
Per Transaction Limits	POS Rs. 10,000
ATM Transactions	Unlimited Free transactions
Other ATM Card Charges	PIN Regeneration Charges – NIL (Green Pin) Card Replacement Charges – Rs. 150
Service Type	Free limit	Charges Beyond Free Limit
Cash Deposit Transactions	Up to Rs. 50,000 – 4 Transactions (whichever is earlier); The aggregate of all withdrawals and transfers in a month should not exceed Rs. 10,000.The aggregate of all credits in a financial year should not exceed Rs. 1 lakh.	Not Applicable
Chequebook	Not Applicable	Not Applicable
DD/PO transactions	Demand Drafts Payable on own Bank locations: Up to Rs. 2,000-  Rs. 20 Above Rs. 2,001 up to Rs. 10,000- Rs. 50 Payable at corresponding bank locations:Re. 1 per every Rs. 1000, min Rs. 25 DD + Correspondent Bank charges Revalidation – Free Duplicate DD:Up to Rs. 2,000- Rs. 20Above Rs. 2,001 up to Rs. 10,000- Rs. 50 Cancellation: Rs. 100

For Individuals

• Latest passport size photograph
• Aadhaar Card
• Address and Identity proof documents
• Proof of Date of Birth of your child ( in case of Minor Savings Account)

Documents Acceptable as Proof of Identity & Address (For Domestic Individual Savings Accounts)- Opening of Accounts / Address Change / Periodic Updation of KYC (Re-KYC)

• Passport
• Driving License
• Permanent Account Number (PAN)
• Voter’s ID Card (Issued by Election Commission of India)
• Job Card by NREGA (duly signed by an officer of the State Government)
• Aadhaar Card

For Hindu Undivided Family

• PAN Card copy / Form 60 of HUF
• Declaration from the Karta
• Proof of identification and address of Karta as per documentation for individual
• Prescribed Joint Hindu Family Letter signed by all the Coparceners

Note: Customers can visit the nearest Utkarsh Small Finance Branch to know about the required documents of Salary Account.

Q. What are the various types of savings accounts provided by Utkarsh Small Finance Bank?

A. The various types of savings accounts offered by Utkarsh Small Finance Bank are:

• Standard Savings Account
• Premium Savings Account
• Minor Savings Account
• Salary Account
• Basic Savings Bank Deposit Account(BSBDA)
• Basic Savings Bank Deposit Account(Small)

Q. Who all are eligible to open a Standard Savings Account?

A. Any resident of India or a Hindu Undivided Family can apply to open a Standard Savings Account.

Q. Which Debit Card comes along with Premium Savings Account?

A. Utkarsh Small Finance Bank Premium Savings account customers will get Platinum Debit Card along with the savings account.

Q. What is the daily transaction limit for Standard Savings Account?

A. The daily ATM withdrawal limit is Rs. 40,000 and the shopping limit is Rs. 1 lakh (POS).

Q. What are the documents required for individuals to open a Savings Account?

A. Following documents are required for individuals to open a savings account:

• Latest passport size photograph
• Aadhaar Card
• Address and Identity proof documents
• Proof of Date of Birth of your child ( in case of Minor Savings Account)