Utkarsh Small Finance Bank FD Interest Rates

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What is Utkarsh Small Finance Bank FD?

A Utkarsh Small Finance Bank Fixed Deposit (FD) is a safe investment product with attractive interest rates on a lump sum investment at a fixed term. It is controlled by the Reserve Bank of India (RBI) and has a deposit insurance cover of up to 5 lakh rupees by DICGC. The bank has a range of FD plans with a flexible tenure, and special, higher rates of interest are given to the senior citizens. 

Utkarsh Small Finance FD Interest Rates: Key Highlights

Utkarsh Small Finance Bank Interest Rates: Latest Updates 

Utkarsh Small Finance Bank is already providing an interest rate of 7.65 percent on the fixed deposit of general citizens and 8.15 percent on the fixed deposit of senior citizens on a tenure of 2 years (730 days) to 3 years (1095 days). These new rates become applicable on July 25, 2025.

Utkarsh Small Finance Bank Fixed Deposit Rates 2025

The Utkarsh Small Finance Bank FD Rates are as follows:

Interest Rates For Less than ₹3 Crore

*Utkarsh Small Finance Bank FD rates w.e.f. December 01, 2025

Types of Utkarsh Small Finance Bank Schemes 

1. Utkarsh Small Finance Bank Tax Saver Fixed Deposit:

   The Tax Saver Fixed Deposit qualifies for tax exemption under Section 80C of the Income Tax Act, 1961, and is open to Indian resident individuals and HUFs. It involves a lump-sum investment, and interest can be paid on a monthly or quarterly basis or at the maturity of the investment.

   • High Returns - Highly competitive FD interest rates 
   • Senior Citizen Benefits - up to 0.60% p.a. on their fixed deposit
   • Flexible Payouts -  monthly, quarterly, or at maturity
   • Nomination Facility - Available 

2. Fixed Deposit Plus:

   Utkarsh Small Finance Bank Fixed Deposit Plus is a special lump-sum investment plan designed for investors with a surplus of funds. It offers higher interest rates compared to a standard fixed deposit, allowing you to maximize returns on a large investment.

   • Competitive Returns: Earn attractive, market-leading interest rates 
   • Higher Senior Citizen Rates: up to 0.60% p.a. over the regular rates
   • Flexible Payouts: monthly, quarterly, or a lump-sum payment
   • Non-Callable Feature: This deposit is non-callable, meaning premature withdrawal is not permitted.

3. Utkarsh Small Finance Regular FD Scheme:

   Utkarsh Small Finance Bank's Fixed Deposit is a straightforward and secure investment option that helps you grow your savings with competitive interest rates. It allows you to deposit a lump-sum amount for a fixed period and earn returns. 

   • Competitive Returns: Earn high interest rates that are typically more attractive
   • Higher Senior Citizen Rates: additional interest rate up to 0.60% p.a.
   • Flexible Payouts: monthly, quarterly, or on a lump-sum basis at maturity
   • Premature Withdrawal: Available with a penalty of 1% on the interest may apply

Utkarsh Bank FD Features

Some of the features of Utkarsh Small Finance Bank fixed deposit are:

• High Returns: It offers highly competitive interest rates on its fixed deposits, which are generally higher than those offered by major commercial banks. This allows your savings to grow faster, helping you build a substantial corpus for your financial goals.
• Senior Citizen Benefits: Senior citizens (aged 60 and above) are given a significant advantage with an additional interest rate of up to 0.60% p.a. on their fixed deposits. This special rate ensures that they earn even higher returns on their savings, providing a more robust income stream.
• Flexible Payouts: You have the flexibility to choose how you receive your interest. Utkarsh Small Finance Bank offers multiple payout options, including monthly, quarterly, or at maturity, giving you the freedom to align your FD with your personal cash flow needs.
• Easily Accessible Online Services: Provides a seamless and paperless digital experience. Existing customers can easily open a fixed deposit through the bank's internet banking portal or the mobile app, while new customers can also book a digital FD with a quick, instant, and hassle-free online process.

Eligibility 

This is the list of people who are eligible for the Utkarsh Small Finance Bank FD - 

• Individual Resident of India
• Sole Proprietorship Firms
• Partnership Firms
• Limited Companies
• Trust Accounts

Summing It Up

Utkarsh Small Finance Bank's Fixed Deposit accounts can be a good investment option for those looking for secure and stable returns. The bank offers competitive interest rates on fixed deposits, which vary based on the deposit amount and tenure. Before investing, it is important to carefully evaluate the available options and consider factors such as liquidity requirements, risk tolerance, and financial goals.