Utkarsh Small Finance Bank FD Interest Rates

What is Utkarsh Small Finance Bank FD?

Utkarsh Small Finance Bank Fixed Deposit offers flexible tenures ranging from 7 days to 10 years and a minimum deposit of just ₹1,000. Senior citizens enjoy preferential interest rates, and you can choose between monthly, quarterly, or cumulative payout options. For liquidity, the bank offers loans or overdrafts against your FD, allowing you to access your funds early if needed.

Utkarsh Small Finance Bank FD also has specialised FD options, such as Tax-Saver FDs and high-value Fixed Deposit Plus schemes, to help achieve better returns. Please note that all FD interest rate earnings are subject to TDS and specific terms, including premature withdrawal rules.

Utkarsh Small Finance FD Interest Rates: Key Highlights

Utkarsh Small Finance Bank Interest Rates: Latest Updates 

Senior citizens can now earn up to 8% interest with Utkarsh Small Finance Bank, thanks to a new rate hike that went into effect on December 1, 2025

Utkarsh Small Finance Bank Fixed Deposit Rates 2026

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 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. Utkarsh Small Finance Bank 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) receive 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 Fixed Deposits offer the highest competitive FD interest rates in the market, compared to public and private banks. For deposits under ₹3 crore, the fixed deposit interest rates for the general public are up to 7.50% p.a., while senior citizens' rates are up to 8.00% p.a. The bank also provides helpful liquidity options, such as loans or overdrafts against your FD, allowing you to access up to 90% of your deposit value during emergencies.