Step by Step Guide to Opening a Digital Fixed Deposit Online

A Digital Fixed Deposit (FD) with Utkarsh Small Finance Bank is smart, secure and delightfully simple -no paperwork, no branch visits, just digital ease.

1. Why Choose a Digital Fixed Deposit?

• Instant & Paperless -Open in minutes with Aadhaar OTP-based e‑KYC, all from your home.
• Attractive Interest Rates -Earn between 4%–7.65% p.a., with an extra 0.50% benefit for senior citizens.
• Safe & Risk-Free – RBI insured up to ₹5 lakh and completely non-market-linked.
• Flexible Access -Premature withdrawal allowed after 7 days

2. Before You Begin: Eligibility Checklist ✅

• Be ≥ 18 years old, resident Indian with Aadhaar linked to your mobile and PAN.
• With limited KYC, Fixed Deposits can be made for ₹1,000–₹90,000 for a duration of 7 to 365 days.
• New to Utkarsh SFB? Perfect! Existing account holders should use Internet or Mobile Banking.

3. 5 Quick Steps to Start Your Digital FD

• Visit the dedicated page: Go to the Digital Fixed Deposit product page.
• Click “Book Now” and complete OTP-based Aadhaar e‑KYC.
• Choose amount & tenure (min ₹1,000; max ₹2,99,99,999; 7days-120 Months).
• Fund via UPI - The FD opens when payment settles.
• Get your FD advice instantly once confirmed.

4. What Happens Next?

• Interest Crediting: At maturity, the amount transfers back to the funding account.
• Premature Closure: Allowed after 7 days, with a 1% penalty on interest.
• Post-maturity Renewal: If no instructions, the FD auto-renews at the then-prevailing rate.

5. Boost Your Investment Journey

• Already have a Digital Savings Account? Great-you can open FDs and manage funds through Mobile or Net Banking.
• Prefer longer lock-in and tax savings? Explore our Tax Saver FD or Fixed Deposit Plus for advanced planning.

6. Common Questions Asked

7. Pro Tips for a Smooth Experience

• Keep Aadhaar-linked mobile and PAN ready for OTP and KYC.
• Choose tenure wisely- Digital FDs cap tenure at 365 days under limited KYC.
• DPD or renewal? If you'd like reinvestment or rollover, branch visits may be needed.

Start Now: Your Digital FD Awaits

Begin here to open your Digital FD instantly: Digital Fixed Deposit page

For deeper insights:

• Compare FD types: All Fixed Deposit offerings
• Explore our Digital Savings journey: Digital Savings Account

Final Takeaway

Opening a Digital Fixed Deposit with Utkarsh Small Finance Bank is easy, efficient, and rewarding-especially with today’s attractive rates and senior citizen benefits. Where digital simplicity meets long-term savings potential. Want help choosing the right tenure or understanding tax implications? I’m here to help!