Business Plus Account
We know that as an Individual or Sole Proprietor, every rupee matters. That’s where Business Plus Account steps in - transforming idle cash into source of a daily returns.
This tailored Account lets you earn interest* on your balances, similar to a Savings Account.
The Virtual Savings Account set up in your name & linked to your Business Plus Account seamlessly transfers excess funds above Rs 1,00,000/- (for Metro/Urban Branches) & Rs 50,000/- (for Semi-Urban/Rural Branches) at the end of the day. This ensures your funds stay accessible while earning competitive interest on surplus balance. Unlike Fixed Deposits, this gives you an edge to earn interest on your balances overnight as well.
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Cash withdrawal on Utkarsh Bank ATMs
Monthly free cash deposit of 20 times of previous month MAB (max. ₹20 Lakh for Metro/Urban branches & ₹10 Lakh in Semi-Urban/Rural branches). **
Unlimited free cash withdrawal transactions at base branch.
Free online transactions through Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT).
Sweep-in/sweep-out facility.
Earn interest on balance maintained in Virtual Savings Account*.
No TDS deduction on accrued interest in Virtual Savings Account.
Doorstep Banking Services (as per applicability).
Issuance of RuPay Platinum Contactless International Debit Card.
* T&C Apply
**For account opening & subsequent month, free cash deposit: ₹20 Lakh (Metro/Urban) & ₹10 Lakh (Semi-Urban/Rural).
* Applicable rate of interest of Savings Bank Account shall apply on the balance held in the linked Virtual Savings Account.
BUSINESS PLUS CURRENT ACCOUNT | |
---|---|
Average Balance Requirement | AQB |
Metro & Urban [MU] Branches |
1,00,000/- |
Semi-Urban & Rural [SURU] Branches |
50,000/- |
Charges for Non-Maintenance* |
₹1,500/- per quarter |
Sweep-in Criteria | Any surplus amount in Business Plus Account [BPA] above ₹1,00,000/- in MU Branches & ₹50,000/- in SURU Branches auto sweep-in to Virtual Savings Account [VSA]**, at EOD. |
Sweep-out Criteria | If balance in BPA falls below ₹1,00,000/- in MU Branches & ₹50,000/- in SURU Branches, the short fall amount auto sweep-out from the linked VSA to maintain the balance in BPA |
Branch Cash Transactions | |
Cash Deposit Transactions - Free Limits/Month[Base/Non Base Branch] | 20 times of MAB# maintained in previous month in BPA, upper cap ₹20 Lakh [MU] & ₹10 Lakh [SURU]## |
Cash Deposit Transactions - Charges beyond Free limit |
3/- per 1000/- [Min 50/-] |
Cash Withdrawal [Base Branch] - Free Limit/Month | Unlimited |
Cash Withdrawal[Base Branch] - Charges Beyond Free Limit | Not Applicable |
Cash Withdrawal [Non- Base Branch] - Free Limit/Month | Free upto | lakh
Cash Withdrawal [Non-base Branch] - Charges Beyond Free Limit |
2/- per 1,000/- |
Account Maintenance - Free Limit[Cash, Clearing & Intra-bank transfer] |
|
Account Maintenance - Charges Beyond Free Limit |
|
Demand Drafts/Pay Order | |
Demand Drafts payable at own Bank Locations | Upto ₹10,000/- ₹50/- Above ₹10,000/- ₹4/- per ₹1,000/- [Min ₹50/- & Max ₹1,000/-] |
Demand Draft Revalidation |
100/- per instance |
Duplicate Demand Draft Issuance |
100/- per instance |
Demand Drafts/Pay Order Cancellation |
100/- per instance |
Cheque Issuance/Collection Charges | |
Free leaves | Two cheque book free per quarter[50 leaves] |
Charges Beyond Free Limit |
|
Local Cheque Collection and Payments at Base Branch Location & Fund Transfer | Free |
Cheque Return Charges [Outward] |
200/- per cheque |
Cheque Return Charges [Inward] |
500/- per cheque |
NEFT/RTGS/IMPS Transactions | |
RTGS Inward and Outward | Free |
NEFT Inward and Outward | Free |
IMPS Payments | 1,000 - 25,000 - 5.00/- 25,000 - 5,00,000 - 15.00/- |
1 - 1,000 - 2.50/-
Doorstep Banking Services | |
Doorstep Banking Services [Within City limits] Cash |
Please contact the nearest branch |
Doorstep Banking Services [Within City limits] Cheque |
Please contact the nearest branch |
Other Service Charges | |
Physical Account Statements [Quarterly] | Free |
Email Account Statements [Quarterly] | Free |
Stop Payment Instructions |
100/- per cheque |
Signature Verification/Address Confirmation |
100/- per instance |
Confidential Report/Credit Confirmation | Free |
Solvency Attestation | Free |
Photo Attestation | Free |
Activation of Inoperative Account | Free |
SMS Alerts |
25 paisa per SMS subject to maximum amount of ₹ 25/- per quarter or actual amount whichever is lower. |
Account Closure Charges | |
Account Closure | Within 14 days - Nil After 14 days to 12 months- 500/- Above 12 months- 250/- |
*Note:
1. *AQB shall be computed on the combined balance of BPA & VSA.
2. **VSA is automatically opened and linked with BPA. No charges applicable in VSA.
3. # MAB stands for Monthly Average Balance in BPA only.
4. ##Free cash deposit upto ₹20 Lakh for MU Branches & ₹10 Lakh for SURU Branches, for account opening & subsequent month. 20 times of MAB maintained in previous month, upper cap ₹20 Lakh for MU Branches & ₹10 Lakh for SURU Branches in BPA [Current Account] will not be considered in the account opening & subsequent month. It will be applicable thereafter.
For complete details on Fees and Charges effective from 1stJuly 2025, please click here

Apply to Business Plus Account
Loan calculator
Interest Rate 8.00% |
Interest Earned 3,50,452 |
Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
(Indicative interest rates for calculation only. click here for latest rates.) |
FAQs
An Individual and a Sole Proprietorship concern can open a Business Plus Account.
Business Plus Account is linked to a Virtual Savings Account wherein, any account balance held above minimum average balance in Business Plus Account will get transferred to the linked Virtual Savings Account at the end of the day, thereby emphasizing liquidity with higher interest returns on surplus funds and offering maximum returns to customers. Unlike FDs this will give an edge to the client to earn interest overnight.
Minimum initial funding requirement of
1,00,000 for Metro/Urban Branches and 50,000 for Semi-Urban/Rural Branches.Monthly free cash deposit of 20 times of previous month MAB [max. ₹20 Lakh for Metro/Urban branches & ₹10 Lakh in Semi-Urban/Rural branches]. Free cash deposit upto ₹20 Lakh for Metro/Urban Branches & ₹10 Lakh for Semi-Urban/Rural Branches, for account opening & subsequent month.
Two cheque books containing 50 leaves each per quarter shall be issued.
The surplus amount in Business Plus Account above minimum average balance requirement will be automatically swept into the Virtual Savings Account at the end of day [EOD].
If amount is retained overnight in Virtual Savings Account, it earn interest for that day on the amount parked in the virtual savings account.
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