Product Details
Bank Name
Suryoday Small Finance Bank
Account Name
Savings Classic
Account Type
Saving
Interest Rate
Up to and including Rs. 1 Lakh: 3.00%
Above Rs. 1 Lakh up to & including Rs. 5 Lakh: 5%
Above Rs. 5 Lakh up to & including Rs. 10 Lakh: 7.25%
Above Rs. 5 Lakh up to & including Rs. 2 Crore: 7.5%
Free Debit Card
No.
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Account Opening Fees
Nil.
Annual Maintenance Fees
Nil.
Minimum Account Balance
Average Monthly Balance: Rs. 10,000/-
Debit Card Charges
INR 199.
NEFT Charges
Unlimited free via Net Banking/Mobile Banking. Chargeable at branch.
IMPS Charges
20 free via Net Banking/Mobile Banking (funglible between RTGS and IMPS). Chargeable at branch. IMPS Payment (Outward) Upto ₹ 100,000 per transaction : Rs 5. Above ₹ 100,000 to ₹ 500,000 per transaction: Rs. 10
Fees and Charges
Savings Classic
Special Features
High interest rate.
Eligibility Criteria
Resident Individual (Single or Joint Holders) or Hindu Undivided Family or minor under guardian.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
High interest rate.
Monthly pay-out of interest in the account.
Free IMPS and NEFT transactions.
Cons
The account comes with limited-value add features.
Utkarsh Small Finance Bank has limited branch and ATM network.
Suryoday Small Finance Bank Savings Classic Account
The account offers limited value add features. However, the account offers high interest rate. Overall it is a good product for those who use bank services mostly online.
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 Savings Aditya Account in a few ways:
Online:
Visit the Utkarsh Small Finance Bank website: Go to their official website (utkarsh.bank).
Navigate to Savings Account: Look for the "Savings Account" option under the "Personal" category.Find Aditya Savings Account: Select the specific "Savings Classic Account" option.
Click "Get a Call Back": Fill out the required information and submit the form. You'll receive a call back from a customer service representative to guide you through the process.
In-Person:
Visit a Utkarsh Small Finance Bank branch: Find the nearest branch location to you.Request an account opening form: Obtain the necessary forms from the bank.
Fill out the application: Complete the application form with accurate information.
Submit required documents: Provide the necessary documents (proof of identity, address, etc.).Make an initial deposit: Deposit the minimum required amount to open the account.