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Utkarsh Small Finance Bank FD rates start at 4% for regular depositors and 4.60% for senior citizens. Deposit for tenures ranging from 7 days to 10 years.
Utkarsh Small Finance Bank was established in 2016 with the aim of taking banking services to the underprivileged. They offer various banking facilities: savings accounts, loans, fixed deposits, insurance products, amongst others. Fixed Deposits are one of the most sought-after investments amongst their deposits. Utkarsh Small Finance Bank fixed deposit rates are one of the most competitive in the current market. They even offer ‘Digital Fixed Deposits’ for the convenience of customers to invest and manage funds online.
Fixed Deposits are the go-to investment option for most Indians due to its low-risk and assured returns. Power of compounding makes them attractive. They are also the simplest investment option for growing money over time. Apart from that, FDs also offer instant liquidity, thereby allowing flexibility in case of an emergency.
About Utkarsh Small Finance Bank FD Rates
- Utkarsh Small Finance Bank Latest FD Rates (2025)
- What are the Benefits & Features of Utkarsh Small Finance Bank FDs?
- What are the different types of Fixed Deposits available with Utkarsh Small Finance Bank?
- How to Open a Utkarsh Small Finance Bank Fixed Deposit Account
- Tax Implications on Utkarsh Small Finance Bank FDs
- Utkarsh Small Finance Bank FD Rates - FAQs
Utkarsh Small Finance Bank Latest Futkarsh small content Rates (2025)
| Tenure | Interest Rate (Regular) | Interest Rate (Senior Citizens) |
|---|---|---|
7 Days to 45 Days | 4.00% | 4.60% |
46 Days to 90 Days | 4.75% | 5.35% |
91 Days to 180 Days | 5.50% | 6.10% |
181 Days to 364 Days | 6.50% | 7.10% |
365 Days to 699 Days | 8.00% | 8.60% |
700 Days to less than 2 Years | 8.25% | 8.85% |
2 Years (730 Days) to 3 Years | 8.50% | 9.10% |
Above 3 Years to less than 4 Years | 8.25% | 8.85% |
4 Years (1461 Days) up to 1499 Days | 7.75% | 8.35% |
1500 Days | 8.50% | 9.10% |
1501 Days up to 5 Years (1826 Days) | 7.75% | 8.35% |
Above 5 Years to 10 Years | 7.25% | 7.85% |
| Interest Rates on Tax Saver Fixed Deposit | ||
|---|---|---|
Tenure | Interest Rate (Regular) | Interest Rate (Senior Citizens) |
7 Days to 45 Days | 4.00% | 4.60% |
46 Days to 90 Days | 4.75% | 5.35% |
Use our FD Interest Rate Calculator to calculate your returns!
What are the Benefits & Features of Utkarsh Small Finance Bank FDs?
- Start an FD with as little as Rs.1000 with no maximum investment limit.
- Interest rates start at 4.00% p.a. and go as high as 8.77% p.a. for regular depositors and 9.42% for senior citizens.
- Choose flexible interest payments – monthly, quarterly or at maturity.
- Invest for tenures ranging from 7 days to 10 years.
- Open for both individuals and business entities.
- Open FD either online or at branch.
What are the different types of Fixed Deposits available with Utkarsh Small Finance Bank?
Utkarsh Small Finance Bank offers a few different types of Fixed Deposit accounts for the benefit of depositors -
1. Regular Domestic Fixed Deposit account – This fixed deposit is open for all domestic depositors.
- Investment amount starts at Rs.1000 and up to Rs.1 crore
- Can be opened both at the branch and online
- Tenure ranges from 7 days to 10 years
- Open for both individuals and business entities.
- Allows premature withdrawal, with a penalty of 1%, in case of emergencies
2. Fixed Deposit Plus
- This fixed deposit account is designed for deposits between Rs.1 crore and Rs.3 crores.
- No premature withdrawal is allowed though.
- Tenure ranges from 7 days to 10 years
- Open for both individuals and business entities.
- This fixed deposit scheme enjoys higher interest rates compared to regular fixed deposits.
| Tenure | Interest Rate (Regular) | Interest Rate (Senior Citizens) |
|---|---|---|
7 Days to 45 Days | 4.00% | 4.60% |
46 Days to 90 Days | 4.75% | 5.35% |
91 Days to 180 Days | 5.50% | 6.10% |
181 Days to 364 Days | 6.50% | 7.10% |
365 Days to 699 Days | 8.25% | 8.85% |
700 Days to less than 2 Years | 8.50% | 9.10% |
2 Years (730 Days) to 3 Years | 8.75% | 9.35% |
Above 3 Years to less than 4 Years | 8.50% | 9.10% |
4 Years (1461 Days) up to 1499 Days | 8.00% | 8.60% |
1500 Days | 8.75% | 9.35% |
1501 Days up to 5 Years (1826 Days) | 8.00% | 8.60% |
Above 5 Years to 10 Years | 7.50% | 8.10% |
Digital Fixed Deposits – This digital fixed deposit account is for depositors who don’t have an existing relationship with Utkarsh Small Finance Bank.
- The investment can be opened online
- No paperwork or documentation required
- No need to visit the physical branch
- Instant FD opening
- Senior citizens get additional 0.60% interest rate
- Available for Individuals only. No need to hold a savings bank account with Utkarsh Small Finance Bank.
- Offers only ‘Interest at maturity’ option. Monthly or quarterly interest payouts not available.
- Allows pre-mature closure at NIL charges
Tax Saver Fixed Deposit – This fixed deposit scheme is designed for individuals who want to enjoy tax rebate along with returns for their investment.
- Get income tax rebate on the invested amount as per IT Act 1961.
- Fixed tenure of 5 years
- Premature withdrawal, partial withdrawal, loan or overdraft facility are not available for this deposit type
- Available for individual depositors only. But joint account deposit is allowed.
- Minimum investment amount of Rs.1000 and maximum of Rs.1.5 lakhs.
- Quarterly, monthly and at maturity interest payouts available.
How to Open a Utkarsh Small Finance Bank Fixed Deposit Account?
Regular Fixed Deposit, Fixed Deposit Plus Accounts, and Tax Saver Fixed Deposits
Digital Fixed Deposit
- This deposit is available only for depositors who don’t have an existing relationship with the bank.
- It can be applied from the official site of Utkarsh Small Finance Bank.
- You need to enter your name, email address, mobile number and other details.
- You can pay the deposit amount via NEFT/IMPS/UPI.
- You will be issued a digital FD certificate.
- Upon maturity, the deposit amount, along with the interest accumulated, will be deposited bank to your account.
Disclaimer: The deposit account features, process to apply, and all other information specified above are as of when this page was written and are subject to change. For exact information, contact the bank or refer to the official website.
Tax Implications on Utkarsh Small Finance Bank FDs
Interest earned on Fixed Deposits is taxable. TDS is applicable on interest income exceeding Rs.40,000 for regular depositors and Rs.50,000 for senior citizens.
You can avoid TDS by submitting Form 15H to the bank during the financial year.
Investing in Tax Saver FD can be a prudent way of saving tax on your FDs.
Utkarsh Small Finance Bank Fixed Deposit Rate FAQ
1. What is the FD rate in Utkarsh Small Finance Bank?
Utkarsh Small Finance Bank offers FD interest rates ranging from 4.00% to 7.50% per annum for regular customers. Senior citizens can earn up to 8.00% per annum, depending on the deposit tenure.
2. Can I prematurely withdraw my FD before the maturity date?
Yes, premature withdrawal of a Utkarsh Small Finance Bank FD is allowed. However, a penalty of 1% on the interest earned is charged. No penalty applies if the FD is closed within the first 7 days.
3. What is the minimum and maximum tenure for an FD at Utkarsh Small Finance Bank?
The fixed deposit tenure at Utkarsh Small Finance Bank starts from a minimum of 7 days and goes up to a maximum of 10 years.
4. What is the FD interest rate for senior citizens at Utkarsh Small Finance Bank?
Senior citizens at Utkarsh Small Finance Bank can earn FD interest rates ranging from 4.50% to 8.00% per annum, depending on the deposit tenure. The highest rates are generally available on 2 to 3-year fixed deposits.
5. What is the Utkarsh Small Finance Bank FD interest rate for 1 year?
For a 1-year fixed deposit, Utkarsh Small Finance Bank offers an interest rate of around 6.00% per annum for regular customers and approximately 6.50% per annum for senior citizens, subject to the applicable rate slab.
Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
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