UPI Easy Account
A Current Account product, which eases the transaction by creating a virtual address/UPI ID that becomes the identity for receiving and sending payments into Merchant's Account. This does not require detailed information or net banking user ID/ password. It has an added advantage of "Nil" Average Quarterly Balance maintenance.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
For Merchants:
-
Instant receipt of payment with instantaneous settlement.
-
A faster and smoother mode of payments for merchants.
-
Merchants can use this account towards collection of proceeds for transactions happening through the QR codes.
-
Allowing merchant's consumer to directly pay through their digital wallets, in addition to the facility of paying from their bank accounts and receiving payment in their acquiring bank.
-
Customized Welcome Kit with QR code and stand for Merchants.
For Customer:
-
Allows customers to pay directly from their bank account or wallets to merchant's account.
-
All payments are instant and 24/7, regardless of bank's working hours.
-
Ease of payment anywhere, anytime.
| UPI EASY ACCOUNT | |
| Average Balance Requirement | AQB |
|---|---|
| Metro & Urban branches | Nil |
| Semi-Urban & Rural branches | Nil |
| Charges for Non-Maintenance | Nil |
| Branch Cash Transactions | |
| Cash Deposit Transactions - Free Limit/Month | Base Branch: 1 lakh Non-base Branch: No Free Limit |
| Cash Deposit Transactions - Charges Beyond Free Limit | 3 /- per 1,000/- |
| Cash Withdrawal [Base Branch] - Free Limit/Month | 1 lakh |
| Cash Withdrawal [Non-base Branch] - Free Limit/Month | 50,000/- |
| Cash Withdrawal - Charges Beyond Free Limit | 2/- per 1,000/- |
| Account Maintenance - Free Limit[Cash, Clearing & Intra-bank transfer] | Unlimited |
| 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 | One cheque book free per quarter [10 leaves] |
| Charges Beyond Free Limit | 2/- per leaf [20/- per cheque book] |
| Local Cheque Collection and Payments at Base Branch Location & Fund Transfer |
Free |
| Cheque Return Charges [Outward and Inward] | 200/- per cheque |
| NEFT/RTGS/IMPS Transactions | |
| RTGS Inward and Outward | Free |
| NEFT Inward and Outward | Free |
| IMPS Payments | 1 - 1,000 - 2.50/- 1,000 - 25,000 - 5.00/- 25,000 - 5,00,000 - 15.00/- |
| Doorstep Banking Services | |
| Doorstep Banking Services[Within City Limits] Cash | Not Available |
| Doorstep Banking Services[Within City Limits] Cheque | Not Available |
| 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 | 100/- per instance |
| 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. |
| Credit Transactions - Free limits/month [through UPI application only] |
Unlimited |
| Account Closure Charges | |
| Account Closure | Within 14 days- Nil After 14 days to 12 months- 500/- Above 12 months- 250/- |
For complete details on Fees and Charges effective from 1st April 2025, please click here
Apply toUPI Easy 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
Unified Payment Interface [UPI] is a payment system developed by National Payment Corporation of India [NPCI]. It is a platform where customer can fetch and place all his accounts maintained with different banks and transact through these accounts. UPI allows customer to transfer money between any two parties via smart phone through a payment identifier like virtual address or Account number and IFSC.
Yes, an Individual can open UPI Easy Account. Please visit branch for more details.
You get 10 cheque leaves per quarter.
Yes, you can register for UPI through the Utkarsh UPI App available on Google Play store & iOS.
Yes, one can use more than one UPI application on the same phone and link accounts of any Bank registered with UPI.
Within 24 to 48 hours, the amount shall be credited to your account In case of any further issues, please log a complaint to the customer care.
Yes. Payment can be made via IFSC/ Account number or MMID/ Mobile number of the beneficiary.
Please visit your nearest Utkarsh Small Finance Bank branch or call 1800-123-9878, 24×7 [Except National Holidays] for more details.
You may also be interested in
Savings
Earn up to 7.75 %* on your Savings Account and get interest credited quarterly
Deposits
Earn interest rates up to 8.50 %* p.a. and 9.10 %* p.a. for Senior Citizens
Loans
Get Loan amount upto 10 Crores with Flexible Tenure upto 15 years
Insurance & Investment
Turn your surplus funds into security, for a better tomorrow
Location
You are never too far away from quick banking, check nearest Bank and ATM
Contact
Incase you wish to speak to our banking experts for resolution
Write to us
Whether it be a simple suggestion or feedback or an inquiry.