top of page
Product Details
Bank Name
Utkarsh Small Finance Bank
Account Name
Utkarsh Gen-Nex Savings Account
Account Type
Saving
Interest Rate
Upto 1 Lakh: 4.25%. Between 1 and 25 Lakh: 6.5%. Above 25 Lakhs: 7%.
Free Debit Card
No
92.1
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 2,500
Debit Card Charges
Rupay Classic Joining Fee: INR 0. Annual Fee INR 150:
NEFT Charges
Free
IMPS Charges
Up to Rs. 1,00,000: Rs. 5 pertransaction
Above Rs. 1,00,000: Rs. 15 per transaction
Fees and Charges
Utkarsh Gen-Nex Savings Account
Special Features
Account can be opended jointly by kids under 18 and their parents or guardians.
Eligibility Criteria
Indian resident under 18 kids along with their parents/guardians can open this account
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free NEFT and RTGS transfer.
Lower ATM withdrawal and purchase limits as protection against misuse.
Zero Liabilities coverage on Debit card.
Cons
Utkarsh Gen-Nex Savings Account
The account comes with decent interest rate however, the account offers minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
bottom of page