Utkarsh Small Finance Bank Revises FD Rates; Now Offers Up To 8.75%

News:

MAS Team | 25 November 2022

Utkarsh Small Finance Bank has revised its fixed deposit interest rates for deposits of less than Rs2 crore. As per the small finance bank's official website, the revised FD interest rates are effective from 21 November 2022.

Following the revision, the highest FD interest rate offered by Utkarsh Small Finance Bank is 8% for non-senior citizens and 8.75% for senior citizens for fixed deposits with a maturity period of 700 days.

Here are the revised Utkarsh Small Finance Bank FD rates for deposits of less than Rs2 Crore:

On deposits maturing in 7 days to 45 days, Utkarsh Small Finance Bank is offering an interest rate of 4% for non-senior citizens and 4.75% for senior citizens.
For FDs with a tenure of 46 days to 90 days, the bank is offering an interest rate of 4.25% to the general public, and 5% to senior citizens.
Utkarsh Small Finance Bank will now offer an interest of 5% on deposits with a tenure of 91 days to 180 days. Senior citizens will be offered an interest rate of 5.75% on FDs with the same tenure.
On FDs maturing in 181 days to 364 days, the bank will now provide interest at the rate of 6% to non-senior citizens and 6.75% to senior citizens.
Deposits maturing in 365 days to 699 days will now earn interest at the rate of 7.50%. Senior citizens will earn interest at the rate of 8.25% on deposits with the same maturity period.
Utkarsh Small Finance Bank FDs with a maturity period of 700 days will now earn interest at the rate of 8%. The interest rate for such FDs will be 8.75% for senior citizens.
For FDs maturing in 701 days to 5 years, the bank will now offer an interest rate of 7.50% to the general public, and 8.25% to senior citizens.
Fixed deposits with a tenure above 5 years and up to 10 years will be offered an interest rate of 6.25% for the general public, and 7% for senior citizens.

Dear Investor,
In case of any grievance / complaint :

Please contact Compliance Officer Pankaj Raheja at [email protected] and Phone No. - 91-22-35131664.
You may also approach CEO Debashis Basu at email- id [email protected] and Phone No. - 91-22-35131664.