Utkarsh Small Finance Bank| Utkarsh Standard Saving Accountaccount Interest Rates, Minimum Balance, Features

Product Details

Bank Name

Utkarsh Small Finance Bank

Account Name

Utkarsh Standard Saving Account

Account Type

Saving

Interest Rate

Upto 1 Lakh: 4.%. Between 1 and 5 Lakh: 6.25%. Between 5 Lakh up to 5 Crore: 7.50%

Free Debit Card

Account Opening Fees

Debit Card Charges

Rupay Classic Joining Fee: INR 0. Annual Fee INR 150.

Annual Maintenance Fees

NEFT Charges

Free online

Minimum Account Balance

INR 5,000

IMPS Charges

Up to Rs. 1,000: INR 2.5 per transaction Above Rs. 1,000 up to INR 25,000: INR 5 per transaction Above Rs. 25,000 up to INR 5,00,000: INR 5 per transaction

Fees and Charges of

Utkarsh Standard Saving Account

Special Features

High interest rate.

Eligibility Criteria

• Indian resident.
• Minimum age should be 18.

Benefits

Features, Eligibility and Benefits of

Utkarsh Standard Saving Account

Pros & Cons of

Pros

• Free NEFT and RTGS transaction.
• The interest is calculated on daily product basis and credited quarterly.
• Zero Liabilities coverage on Debit card.
• High interest rate.

Cons

• The account offers limited value add features.
• The bank has limited ATM and branch network.

Utkarsh Standard Saving Account

The account comes with decent interest rate however, the account offers minimal value add features.

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

Review of

Utkarsh Standard Saving Account

Account Opening and Procedure of

How to open an Account?

Opening an Utkarsh Standard Savings Account

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

Online:

• Visit the Utkarsh Small Finance Bank website: Go to the official website of Utkarsh Small Finance Bank.
• Select "Accounts and Deposits": Look for the "Accounts and Deposits" section under the "Personal" tab.
• Choose "Standard Savings Account": Select the "Standard Savings Account" option.
• Click "Get a Callback": Provide your details and click on the "Get a Callback" button.
• Complete Video KYC: You will receive a call from Utkarsh Small Finance Bank to complete the Video KYC process.

Offline:

• Visit a Utkarsh Small Finance Bank branch: Find the nearest branch to your location.
• Obtain an account opening form: Request an account opening form from the bank representative.
• Fill out the form: Complete the form with your personal details.
• 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 bills Passport-size photographs
• Complete KYC: The bank will conduct KYC checks to verify your identity and address.

Application Procedure

Utkarsh Standard Saving Account