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
No
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Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 5,000
Debit Card Charges
Rupay Classic Joining Fee: INR 0. Annual Fee INR 150.
NEFT Charges
Free online
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
Utkarsh Standard Saving Account
Special Features
High interest rate.
Eligibility Criteria
Indian resident.
Minimum age should be 18.
Benefits
Features, Eligibility and Benefits
Pros & Cons
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 Review
The account comes with a high interest rate. The account comes with a few value add features. Overall the account is a good option for individuals who transact digitally.
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?
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 billsPassport-size photographs
Complete KYC: The bank will conduct KYC checks to verify your identity and address.