Business Standard Account

An average quarterly balance of 10,000 at metro/urban Banking Outlets and 5,000 at semi-urban/rural Banking Outlets is required to be maintained. We provide free cash deposit of 200,000 per month and unlimited cash withdrawal at the home Banking Outlet. In addition, other features, include, free 150 transactions per quarter, no debit card annual charges on Rupay Classic debit card for the first year and competitive charges on digital transactions.

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• Fees and Charges
• FAQs
• Benefits

 

	Business Standard
	Average Balance Requirements	Business Standard
		AQB
	Metro & Urban Banking Outlets	10,000/-
	Semi-Urban & Rural Banking Outlets	5,000/-
	Charges for Non-Maintenance	500/-
	Banking Outlet Cash Transactions
	Cash Deposit Transactions - Free limits/month	Base Banking Outlet: 2 lakhs Non-base Banking Outlet: 1 lakh
	Cash Deposit Transactions - Charges beyond Free limit	3 per 1000, Min 50
	Cash Withdrawal (Base Banking Outlet)	Unlimited free transactions
	Cash Withdrawal (Non-base Banking Outlet) - Free Limit	Free upto 2 lakhs per month
	Cash Withdrawal (Non-base Banking Outlet) - Charges beyond Free Limit	2/- per 1,000/-
	Account Maintenance - Free Limit	150 Transactions per quarter(Cash, Clearing and Intra-bank transfer)
	Account Maintenance - Charges beyond Free Limit	10/- per transaction
	DD/PO Issuance
	Demand Drafts Payable at own Bank Locations	Upto 10,000/- 50/- Above 10,000/- 4/- per 1,000/- (Min 50)
	Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/DD + Correspondent Bank charges
	Revalidation	100/- per instance
	Duplicate DD Issuance	100/- per instance
	DD/PO Cancellation	100/- per instance
	Cheque Issuance/ Collection Charges
	Free Leaves	One cheque book free per quarter (50 leaves)
	Charges Beyond Free Limit	2/leaf (100/- per cheque book)
	Local Cheque Collection and Payments at Base Banking Outlet Location & Fund Transfer	Free
	Cheque Return Charges (Outward)	200/- per cheque
	Cheque Return Charges (Inward)	500/- per cheque
	NEFT/RTGS/IMPS transactions (Online)
	RTGS Outward	Free
	NEFT Outward	Free
	IMPS Payments	Upto 1 lakh - 5 Above 1 lakh upto 2 lakhs - 15
	Phone/Mobile Banking
	SMS Alerts	50 p. per SMS Periodicity: Monthly
	Doorstep Banking Services
	Doorstep Banking Services (Within City limits) Cash	Facility available in selected cities (at cost)
	Doorstep Banking Services (Within City limits) Cheque	200 per call (at selected locations)
	Other Charges
	Physical Account Statements (Quarterly)	Free
	Email Account Statements (Quarterly)	Free
	Stop Payment Instructions	100/- per instrument
	Signature Verification/Address Confirmation	100/- per instance
	Balance Certificate	100/- per instance
	Interest Statement	Once free for a Financial Year Duplicate : 100/- per instance
	Confidential Report/Credit Confirmation	Free
	TOD Charges	100/- per instance (Plus applicable interest)
	Paid Cheque Report	100/- per instance
	Solvency Attestation	100/- per instance
	Photo Attestation	Free
	Activation of Inoperative Account	Free
	Account Related Charges
	Account Closure	Within 14 days - Nil After 14 days to 12 months- 500/- Above 12 months:250/-

 

For Debit Card Variants & Charges, kindly refer to the Card Section

For complete details on Fees and Charges, effective from 01st Sep 2022 please click here

Can an individual open a Current Account?

Yes, an Individual can open a Current Account. Please visit branch for more details.

How many free Cheque leaves do I get?

You get 50 cheques leaves.

Are fund transfers between Utkarsh Small Finance Bank accounts free?

Yes, you enjoy unlimited free transaction between Utkarsh Small Finance Bank accounts.

I can’t access my company’s Current Account. Please help.

Please visit your nearest Utkarsh Small Finance Bank branch or call 1800-123-9878, 24×7 (Except National Holidays)

What are the documents required to open a Current Account for a company?

You need to provide the following documents to open a Current Account for your company:

1. Certificate of Incorporation
2. Memorandum and Articles of Association
3. Board resolution authorising the opening and operation of the Account
4. PAN or General Index Registrar (GIR) number
5. List of Directors with residential addresses
6. PAN Card & Aadhaar Card of Authorised Signatories.
7. Firms Address Proof if not mentioned in Certificate of Incorporation.

How many free transactions can I make? And what are the charges applicable for transactions made beyond the free limit?

You can make 150 free transaction per quarter.
A charge of 10 per transactions will be applied for transactions beyond free limit

We offer our valued customers:

1. Free 150 transactions per Quarter
2. Enjoy Unlimited cash withdrawal at home Banking Outlet Branch
3. Free cash deposit transactions per month of 2 Lakh at home Banking Outlet and 1 Lakh* at non-home Banking Outlet
4. Avail exclusive benefits with RuPay Classic Debit Card.
5. Enjoy convenient payment acceptance with POS Facility

* Terms & Conditions

• Fees and Charges
   

  	Business Standard
  	Average Balance Requirements	Business Standard
  		AQB
  	Metro & Urban Banking Outlets	10,000/-
  	Semi-Urban & Rural Banking Outlets	5,000/-
  	Charges for Non-Maintenance	500/-
  	Banking Outlet Cash Transactions
  	Cash Deposit Transactions - Free limits/month	Base Banking Outlet: 2 lakhs Non-base Banking Outlet: 1 lakh
  	Cash Deposit Transactions - Charges beyond Free limit	3 per 1000, Min 50
  	Cash Withdrawal (Base Banking Outlet)	Unlimited free transactions
  	Cash Withdrawal (Non-base Banking Outlet) - Free Limit	Free upto 2 lakhs per month
  	Cash Withdrawal (Non-base Banking Outlet) - Charges beyond Free Limit	2/- per 1,000/-
  	Account Maintenance - Free Limit	150 Transactions per quarter(Cash, Clearing and Intra-bank transfer)
  	Account Maintenance - Charges beyond Free Limit	10/- per transaction
  	DD/PO Issuance
  	Demand Drafts Payable at own Bank Locations	Upto 10,000/- 50/- Above 10,000/- 4/- per 1,000/- (Min 50)
  	Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/DD + Correspondent Bank charges
  	Revalidation	100/- per instance
  	Duplicate DD Issuance	100/- per instance
  	DD/PO Cancellation	100/- per instance
  	Cheque Issuance/ Collection Charges
  	Free Leaves	One cheque book free per quarter (50 leaves)
  	Charges Beyond Free Limit	2/leaf (100/- per cheque book)
  	Local Cheque Collection and Payments at Base Banking Outlet Location & Fund Transfer	Free
  	Cheque Return Charges (Outward)	200/- per cheque
  	Cheque Return Charges (Inward)	500/- per cheque
  	NEFT/RTGS/IMPS transactions (Online)
  	RTGS Outward	Free
  	NEFT Outward	Free
  	IMPS Payments	Upto 1 lakh - 5 Above 1 lakh upto 2 lakhs - 15
  	Phone/Mobile Banking
  	SMS Alerts	50 p. per SMS Periodicity: Monthly
  	Doorstep Banking Services
  	Doorstep Banking Services (Within City limits) Cash	Facility available in selected cities (at cost)
  	Doorstep Banking Services (Within City limits) Cheque	200 per call (at selected locations)
  	Other Charges
  	Physical Account Statements (Quarterly)	Free
  	Email Account Statements (Quarterly)	Free
  	Stop Payment Instructions	100/- per instrument
  	Signature Verification/Address Confirmation	100/- per instance
  	Balance Certificate	100/- per instance
  	Interest Statement	Once free for a Financial Year Duplicate : 100/- per instance
  	Confidential Report/Credit Confirmation	Free
  	TOD Charges	100/- per instance (Plus applicable interest)
  	Paid Cheque Report	100/- per instance
  	Solvency Attestation	100/- per instance
  	Photo Attestation	Free
  	Activation of Inoperative Account	Free
  	Account Related Charges
  	Account Closure	Within 14 days - Nil After 14 days to 12 months- 500/- Above 12 months:250/-

   

  For Debit Card Variants & Charges, kindly refer to the Card Section

  For complete details on Fees and Charges, effective from 01st Sep 2022 please click here
• FAQs
  Can an individual open a Current Account?

  Yes, an Individual can open a Current Account. Please visit branch for more details.

  How many free Cheque leaves do I get?

  You get 50 cheques leaves.

  Are fund transfers between Utkarsh Small Finance Bank accounts free?

  Yes, you enjoy unlimited free transaction between Utkarsh Small Finance Bank accounts.

  I can’t access my company’s Current Account. Please help.

  Please visit your nearest Utkarsh Small Finance Bank branch or call 1800-123-9878, 24×7 (Except National Holidays)

  What are the documents required to open a Current Account for a company?

  You need to provide the following documents to open a Current Account for your company:

  1. Certificate of Incorporation
  2. Memorandum and Articles of Association
  3. Board resolution authorising the opening and operation of the Account
  4. PAN or General Index Registrar (GIR) number
  5. List of Directors with residential addresses
  6. PAN Card & Aadhaar Card of Authorised Signatories.
  7. Firms Address Proof if not mentioned in Certificate of Incorporation.

  How many free transactions can I make? And what are the charges applicable for transactions made beyond the free limit?

  You can make 150 free transaction per quarter.
  A charge of 10 per transactions will be applied for transactions beyond free limit
• Benefits
  We offer our valued customers:

  1. Free 150 transactions per Quarter
  2. Enjoy Unlimited cash withdrawal at home Banking Outlet Branch
  3. Free cash deposit transactions per month of 2 Lakh at home Banking Outlet and 1 Lakh* at non-home Banking Outlet
  4. Avail exclusive benefits with RuPay Classic Debit Card.
  5. Enjoy convenient payment acceptance with POS Facility

  * Terms & Conditions