Utkarsh Small Finance Bank revises interest rates on fixed and recurring deposits

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Utkarsh Small Finance Bank Fixed Deposit Interest Rates for Regular Customers

Utkarsh Small Finance Bank now offers the general public an interest rate of 3.00% on deposits maturing in 7-45 days. On national term deposits maturing between 46 and 90 days, the general public will now benefit from an interest rate of 3.25%. Deposits maturing in 91 days to 180 days and 181 days to 364 days will now earn 4.00% and 5.75% interest respectively.

Non-senior citizens will now enjoy 6.50% and 6.75% interest on term deposits maturing between 365 and 699 days and between 700 and 999 days, respectively. On deposits of less than Rs. 2 Cr maturing in 1000 days, 1001 days up to 5 years and beyond 5 years to 10 years, Utkarsh Small Finance Bank is currently offering interest rates of 6.90 %, 6.75% and 6.00% to the general public.

Mandate Interest rate per year General customers
7 days to 45 days 3.00%
46 days to 90 days 3.25%
91 days to 180 days 4.00%
181 days to 364 days 5.75%
365 days to 699 days 6.50%
700 days to 999 days 6.75%
1000 days 6.90%
1001 days up to 5 years 6.75%
More than 5 years to 10 years 6.00%
Source: Bank website. Wed January 20, 2022
Utkarsh Small Finance Bank Fixed Deposit Interest Rates for Senior Citizens

Utkarsh Small Finance Bank Fixed Deposit Interest Rates for Senior Citizens

Senior citizens will continue to benefit from an additional rate of 0.50% on their national term deposits over all durations. Effective today, senior citizens will enjoy the following interest rates on term deposits of less than Rs. 2 Cr.

Mandate Interest rate per year for the elderly
7 days to 45 days 3.50%
46 days to 90 days 3.75%
91 days to 180 days 4.50%
181 days to 364 days 6.25%
365 days to 699 days 7.00%
700 days to 999 days 7.25%
1000 days 7.40%
1001 days up to 5 years 7.25%
More than 5 years to 10 years 6.50%
Source: Bank website. Wed January 20, 2022
Utkarsh Small Finance Bank Recurring Deposit Interest Rates

Utkarsh Small Finance Bank Recurring Deposit Interest Rates

Effective January 20, 2022, Utkarsh Small Finance Bank guarantees the following interest rates on domestic recurring deposits with maturities between 6 months and 10 years.

Mandate Interest rate per year General customers Interest rate per year for the elderly
Up to 6 months 6.50% 7.00%
9 months 6.50% 7.00%
12 months 6.75% 7.25%
15 months 6.75% 7.25%
18 months 6.75% 7.25%
21 months 6.75% 7.25%
From more than 21 months to less than 24 months 6.75% 7.25%
24 months to 36 months 7.00% 7.50%
Above 3 years up to 5 years 6.75% 7.25%
More than 5 years up to 10 years 6.75% 7.25%
Source: Bank website. Wed January 20, 2022
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