Utkarsh Small Finance Bank

As of September 2026, Utkarsh Small Finance Bank offers up to 8.10% p.a. on Fixed Deposits and up to 8.25% p.a. on Savings Accounts based on the balance slabs maintained.

Yes, Utkarsh Small Finance Bank is a scheduled bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by the DICGC, which covers principal and interest across all account types.

The minimum tenure for a fixed deposit with Utkarsh Small Finance Bank starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 0.50% p.a. over general citizen rates.

Utkarsh Small Finance Bank offers tiered interest rates ranging from 2.75% to 8.25% p.a. depending on the balance slabs maintained in the savings account.

Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.