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Product Details
Bank Name

Utkarsh Small Finance Bank

Account Name

Utkarsh Small Finance Bank Premium Savings Account

Account Type

Saving

Interest Rate

Upto 1 Lakh: 4.%. Between 1 and 5 Lakh: 6.25%. Between 5 Lakh up to 50 Crore: 7.50%. Above 50 crores: 7.75%.

Free Debit Card

No.

Utkarsh Small Finance Bank Premium Savings Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

50,000 or a relationship with the bank of Rs. 5,00,000

Debit Card Charges

Rs. 250 from second year.

NEFT Charges

Free online

IMPS Charges

Free

Fees and Charges

Utkarsh Small Finance Bank Premium Savings Account

0
Special Features
  • Decent interest rate.

Eligibility Criteria
  • Indian resident. 

  • Minimum age should be 18.

Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • Free NEFT and IMPS transactions. 

  • The interest is calculated on a daily product basis and credited quarterly.

  • Personal accidental insurance cover of ₹ 2 Lakh on debit card.

  • High interest rate.

  • The account comes with a Platinum Rupay debit card with personal accidental insurance cover of ₹ 2 Lakh.

Cons
  • The account offers limited value add features. 

  • The bank has limited ATM and branch network. 

Utkarsh Small Finance Bank Premium Savings Account Review

The account has a few value add features. The account offers a good interest rate. Overall it is good account.

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?

You can open an Utkarsh Premium Savings Account either online or by visiting a branch.

Online:

  1. Visit the Utkarsh Small Finance Bank website: Go to the official website of Utkarsh Small Finance Bank.

  2. Select "Accounts and Deposits": Look for the "Accounts and Deposits" section under the "Personal" tab.

  3. Choose "Standard Savings Account": Select the "Premium Savings Account" option.

  4. Click "Get a Callback": Provide your details and click on the "Get a Callback" button.

  5. Complete Video KYC: You will receive a call from Utkarsh Small Finance Bank to complete the Video KYC process.

Offline:

  1. Visit a Utkarsh Small Finance Bank branch: Find the nearest branch to your location.

  2. Obtain an account opening form: Request an account opening form from the bank representative.

  3. Fill out the form: Complete the form with your personal details.

  4. Submit required documents: Provide the necessary documents, including:
    Proof of Identity: Aadhaar card, PAN card, Voter ID card, Driving License, or Passport
    Proof of Address: Aadhaar card, Voter ID card, Driving License, Passport, Ration card, or Utility billsPassport-size photographs

  5. Complete KYC: The bank will conduct KYC checks to verify your identity and address.

Application Procedure
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