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

Average Balance Requirements	Business Standard
Average Balance Requirements	AQB
Metro & Urban Banking Outlet	10,000/-
Semi-Urban & Rural Banking Outlet	5,000/-
Charges for Non-Maintenance	500/-
Transaction Charges
Transaction Charges
Cash Deposit Transactions - Free limits/month	home Banking Outlet: 2 lakh non-home Banking Outlet: 1 lakh
Cash Deposit Transactions - Charges beyond Free limit	2.50/- per 1,000/-
Cash Withdrawal (home Banking Outlet)	Unlimited free transactions
Cash Withdrawal (non-home Banking Outlet) - Free Limit	Free upto 2 lakhs per month
Cash Withdrawal (non-home Banking Outlet) - Charges beyond Free Limit	2/- per 1,000/-
Local Cheque Collection and Payments at home Banking Outlet & Fund Transfer	Free
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
DD/PO Issuance
Demand Drafts Payable at own Bank Locations	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/- Above 10,000/- 2/- per 1,000/- (Min 60/- & Max 1,500/-)
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 Book
Cheque Book
Free Leaves	One cheque book free per quarter (50 leaves)
Charges Beyond Free Limit	2/-leaf ( 100/- per cheque book)
Payment Services
Payment Services
RTGS Inward/Outward	Free
NEFT Inward/Outward	Free
Doorstep Banking Services
Doorstep Banking Services
Cash Pickup	Facility available in selected cities (at cost)
Documents/ Cheques/ DDs Pickup	200 per call (at selected locations)
Other Charges
Other Charges
Outstation Cheque Collection Fees at own locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/-
Outstation Cheque Collection Fees at Correspondent Bank locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/- (Plus other bank charges)
Cheque Return Charges (Outward and Inward)	200/- per cheque
E-mail/SMS Alerts	10/- per month
Phone Banking	Free
Physical Account Statements (Quarterly)	Free
E-mail Account Statement (Quarterly)	Free
Ad-hoc Statement Request	100/- per instance
Stop Payment Instructions	Per instrument - 100/-
Standing Instructions	Utkarsh Bank: Free Other Banks: 50/- per mandate
Record Retrieval Charges (Cheque/ Instruction/ Charges slip)	100/- per instance
Signature Verification/Address Confirmation	Once free for a Financial Year Duplicate - 100/- per instance
Photo Attestation	Free
Duplicate TDS Certificate	100/- per instance
ECS Return (Inward & Outward)	200/- per record
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
Activation of Inoperative Account	Free
Account Closure Charges	Within 14 days - Nil After 14 days - 500/-

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

For details on fees and charges, please click here

"Proposed Schedule of Charges to be effective from 21st October 2021” 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:

Certificate of Incorporation
Memorandum and Articles of Association
Board resolution authorising the opening and operation of the Account
PAN or General Index Registrar (GIR) number
List of Directors with residential addresses
PAN Card & Aadhaar Card of Authorised Signatories.
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:

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

* Terms & Conditions

Fees and Charges

Average Balance Requirements	Business Standard
Average Balance Requirements	AQB
Metro & Urban Banking Outlet	10,000/-
Semi-Urban & Rural Banking Outlet	5,000/-
Charges for Non-Maintenance	500/-
Transaction Charges
Transaction Charges
Cash Deposit Transactions - Free limits/month	home Banking Outlet: 2 lakh non-home Banking Outlet: 1 lakh
Cash Deposit Transactions - Charges beyond Free limit	2.50/- per 1,000/-
Cash Withdrawal (home Banking Outlet)	Unlimited free transactions
Cash Withdrawal (non-home Banking Outlet) - Free Limit	Free upto 2 lakhs per month
Cash Withdrawal (non-home Banking Outlet) - Charges beyond Free Limit	2/- per 1,000/-
Local Cheque Collection and Payments at home Banking Outlet & Fund Transfer	Free
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
DD/PO Issuance
Demand Drafts Payable at own Bank Locations	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/- Above 10,000/- 2/- per 1,000/- (Min 60/- & Max 1,500/-)
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 Book
Cheque Book
Free Leaves	One cheque book free per quarter (50 leaves)
Charges Beyond Free Limit	2/-leaf ( 100/- per cheque book)
Payment Services
Payment Services
RTGS Inward/Outward	Free
NEFT Inward/Outward	Free
Doorstep Banking Services
Doorstep Banking Services
Cash Pickup	Facility available in selected cities (at cost)
Documents/ Cheques/ DDs Pickup	200 per call (at selected locations)
Other Charges
Other Charges
Outstation Cheque Collection Fees at own locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/-
Outstation Cheque Collection Fees at Correspondent Bank locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/- (Plus other bank charges)
Cheque Return Charges (Outward and Inward)	200/- per cheque
E-mail/SMS Alerts	10/- per month
Phone Banking	Free
Physical Account Statements (Quarterly)	Free
E-mail Account Statement (Quarterly)	Free
Ad-hoc Statement Request	100/- per instance
Stop Payment Instructions	Per instrument - 100/-
Standing Instructions	Utkarsh Bank: Free Other Banks: 50/- per mandate
Record Retrieval Charges (Cheque/ Instruction/ Charges slip)	100/- per instance
Signature Verification/Address Confirmation	Once free for a Financial Year Duplicate - 100/- per instance
Photo Attestation	Free
Duplicate TDS Certificate	100/- per instance
ECS Return (Inward & Outward)	200/- per record
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
Activation of Inoperative Account	Free
Account Closure Charges	Within 14 days - Nil After 14 days - 500/-

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

For details on fees and charges, please click here

"Proposed Schedule of Charges to be effective from 21st October 2021” 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:

Certificate of Incorporation

Memorandum and Articles of Association

Board resolution authorising the opening and operation of the Account

PAN or General Index Registrar (GIR) number

List of Directors with residential addresses

PAN Card & Aadhaar Card of Authorised Signatories.

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:

Free 150 transactions per Quarter

Enjoy Unlimited cash withdrawal at home Banking Outlet Branch

Free cash deposit transactions per month of 2 Lakh at home Banking Outlet and 1 Lakh* at non-home Banking Outlet

Avail exclusive benefits with RuPay Classic Debit Card.

Enjoy convenient payment acceptance with POS Facility

* Terms & Conditions