Get Up to 9.1% Interest on Utkarsh Small Finance Bank FDs
Get Up to 9.1% Interest on Utkarsh Small Finance Bank FDs
Mar 22, 2024
15 Mins
Utkarsh Small Finance Bank offers competitive fixed deposit rates for its customers. The bank provides a range of interest rates depending on the tenure of the deposit and whether the depositor is a normal citizen or a senior citizen.
For a tenure of 7 days to 1 month 14 days, the interest rate is 4% for normal citizens and 4.6% for senior citizens. The rates increase as the tenure gets longer, with the highest rate of 8.5% for normal citizens and 9.1% for senior citizens for a tenure of 2 years to 2 years 11 months 27 days.
Utkarsh Small Finance Bank was incorporated in 2009 and received the small finance bank license from the Reserve Bank of India in 2016. The bank offers various financial services such as deposits, microfinance loans, MSME loans, affordable housing loans, and corporate loans.
With a minimum deposit of ₹1000, customers can open a fixed deposit account with Utkarsh Small Finance Bank. There is no maximum deposit limit mentioned. The bank also provides flexible tenure and partial withdrawal options for fixed deposits, making it convenient for customers.
To showcase the returns on investment, Utkarsh Small Finance Bank provides a table with different investment amounts and the corresponding maturity amounts after three years and five years. For example, an investment of ₹50,000 at an interest rate of 8.3% will yield a maturity amount of ₹64,082 after three years.
Customers can also compare the fixed deposit rates offered by Utkarsh Small Finance Bank with other top banks using the FD calculator on the bank's website. This allows customers to make an informed decision and choose the best option for their investment.
In conclusion, Utkarsh Small Finance Bank provides attractive fixed deposit rates and a range of financial services to its customers. With flexible tenure and partial withdrawal facilities, customers can enjoy the benefits of fixed deposits without the need for a savings account.
Utkarsh Small Finance Bank offers competitive fixed deposit rates for its customers. The bank provides a range of interest rates depending on the tenure of the deposit and whether the depositor is a normal citizen or a senior citizen.
For a tenure of 7 days to 1 month 14 days, the interest rate is 4% for normal citizens and 4.6% for senior citizens. The rates increase as the tenure gets longer, with the highest rate of 8.5% for normal citizens and 9.1% for senior citizens for a tenure of 2 years to 2 years 11 months 27 days.
Utkarsh Small Finance Bank was incorporated in 2009 and received the small finance bank license from the Reserve Bank of India in 2016. The bank offers various financial services such as deposits, microfinance loans, MSME loans, affordable housing loans, and corporate loans.
With a minimum deposit of ₹1000, customers can open a fixed deposit account with Utkarsh Small Finance Bank. There is no maximum deposit limit mentioned. The bank also provides flexible tenure and partial withdrawal options for fixed deposits, making it convenient for customers.
To showcase the returns on investment, Utkarsh Small Finance Bank provides a table with different investment amounts and the corresponding maturity amounts after three years and five years. For example, an investment of ₹50,000 at an interest rate of 8.3% will yield a maturity amount of ₹64,082 after three years.
Customers can also compare the fixed deposit rates offered by Utkarsh Small Finance Bank with other top banks using the FD calculator on the bank's website. This allows customers to make an informed decision and choose the best option for their investment.
In conclusion, Utkarsh Small Finance Bank provides attractive fixed deposit rates and a range of financial services to its customers. With flexible tenure and partial withdrawal facilities, customers can enjoy the benefits of fixed deposits without the need for a savings account.
Author
Pluto Team
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