Utkarsh Small Finance Bank Savings Account

Utkarsh Small Finance Bank Savings Account provides its customers with a variety of features with attractive interest rates and benefits to meet their financial needs.

Account holders at Utkarsh Small Finance Bank could also earn a savings account interest rate of 5% for a year on balances up to Rs. 1 lakh. Account holders can also receive 6% interest on incremental balances between Rs. 1 lakh and Rs. 25 lakhs and up to 7.25% interest on incremental balances beyond Rs. 25 lakhs.

Utkarsh Small Finance Bank Savings Account Interest Rates 2024

Type of Utkarsh Savings Account

Utkarsh Bank Savings Account Interest Rate

Savings Bank Account

3.50% – 3.75%

SB Gold Account

4.00% – 4.00%

Silver SB Account

4.00% – 4.00%

Power Account

4.00% – 4.00%

Smart Kids Account

4.00% – 4.00%

Khata Vikas Account

4.00% – 4.00%

Characteristics of the Utkarsh Small Finance Bank Savings Account

The following are the advantages of the Utkarsh Small Finance Bank Saving Account-

  • Savings accounts at Utkarsh Small Finance Bank get interest rates ranging from 3.50% to 3.75%.
  • The interest rate on an Indian Bank savings account ranges from 3.50 to 3.75 percent.
  • A balance of Rs. 250 is required for non-cheque activities, and a balance of Rs. 500 is required for cheque operations.
  • It provides a choice of debit cards to account holders to meet their demands.
  • Indian Bank provides two financial services- internet banking and missed call banking.
  • Individuals can also use the mobile banking program, which includes IMPS, utility bill payments, mobile recharges, inquiry and statement inquiries, and cheque book requests.
  • The Passbook service is completely free.
  • The savings account at Utkarsh Small Finance Bank can be transferred to any other branch without changing the account number.
  • A safe deposit account and a nomination service are also available.
  • To receive higher term deposit income on extra funds, link the Utkarsh Small Finance Bank savings account to a Multi Option Deposit account.

How to Apply for the Utkarsh Small Finance Savings Account?

Customers could easily apply for Utkarsh Small Finance Bank online using the bank's official website (by filling in all the necessary details).

Account holders must follow the actions outlined below-

Step 1: Navigate to the official website of Utkarsh Small Finance Bank.

Step 2: Move the cursor to 'Accounts & Deposits' under the 'Personal' category and click on the option of savings account that the customer wishes to apply for.

Step 3: On the savings account page - click the "Get a call back" button.

Step 4: Fill out all of the needed information and click 'Submit.'

Step 5: Enter the OTP to request a call back from a Utkarsh Small Finance Bank customer service representative.

Customers can also apply for a Utkarsh Small Finance Bank Savings Account in person at a branch near them.

Documents Required

Following documents are needed to open a savings account with Utkarsh Bank-

a) For an Individual

  • The most recent passport-size photos
  • The Aadhaar Card
  • Documents proving your address and identity
  • Proof of your child's birth date (in case of a Minor Savings Account)

b) For HUFs

  • HUF Form 60/PAN Card Copies
  • The Karta has issued a declaration
  • Karta's identification and address are as per individual documentation
  • All Coparceners signed the necessary Joint Hindu Family Letter

Types of Savings Accounts

Below listed are the several types of savings accounts available to be opened at Utkarsh Small Finance Bank-

1) Standard Savings Account

Customers who invest in the Utkarsh Small Finance Bank Standard Savings Account can benefit from a variety of benefits and significant returns. 

2) Minor Savings Account

The bank provides an account for youngsters under the age of 18 that provides a variety of specific banking privileges. 

3) Premium Savings Account

Utkarsh Small Finance Bank Premium Savings Account offers a variety of incentives and services to its users, including convenient banking, lifestyle rewards, transactional offers, and so on.

4) Salary Account

Utkarsh Small Finance Bank provides its organization and employees with a paid account for quick salary disbursement, as well as a variety of modern and customized investment products.

5) Basic Small Savings Account

This account is designed specifically for customers from lower socioeconomic strata who lack adequate KYC documentation.

6) Basic Savings Account

With the Utkarsh Small Finance Bank Basic Savings Deposit Account, account holders have access to a variety of financial services.

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