Standard Current Account

Experience seamless business transactions with our Standard Current Account! Whether it a small transaction like crediting salary, withdrawing and depositing cash or huge as payments to vendors, you can now do it a lot easily with us. You also enjoy customized solutions tailor-made to suit your business needs. So spend your precious time growing your business, while we help take care of your money matters.

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Benefits
Eligibility
Documents Required
Fees and Charges
FAQs

We offer our valued customers:

Free 150 transactions per Quarter

Enjoy Unlimited cash withdrawal at Base Branch

Free cash deposit transactions per month of 2 Lakh at Base Branch and 1 Lakh* at Non-Base Branch

Avail exclusive benefits with RuPay Classic Debit Card.

Enjoy convenient spends with POS Facility

* Conditions Apply

You are eligible to apply if you are/or belong to any of the following.

Resident Individual
Sole Proprietorship Firms
Partnership Firms
Limited Liability Partnership Firms
Public/Private Limited Companies
Hindu Undivided Family(HUFs)

All authorised signatories/partners/directors are required to submit a photograph (latest) along with Account Opening Form. All documents in original and photocopy should be shown/provided to the bank at the time of account opening. The originals will be immediately handed over after verification.
Applicants must provide all the necessary documents as instructed below.

Individual Current Account

Aadhaar Card of Individual
PAN Card of Individual
Proof of address if different from Aadhaar Card.

Public or Private Limited Companies

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.

Partnership firms

Partnership Deed and Registration Certificate, PAN Card of Partnership Firm.
Shop and Establishment Certificate or GST Certificate
Letter from partners approving the persons concerned to open and operate the Account
Aadhaar Card & PAN Card of Authorised Signatories.
PAN Card of the Firm

Limited Liability Partnership Firms

Certificate of Registration issued by registrar of Limited Liability Partnership.
Pan Card of LLP.
Aadhaar Card & PAN Card of Authorised Signatories.
Communication Address proof of Limited Liability Partnership Firm.

Proprietorship concerns

Certificate from a State Government or Statutory Body or Trade License or Sales Tax Certificate or Shop and Establishment Certificate or GST Certificate.
Letter of proprietorship, duly signed by the proprietor in his or her individual capacity (with a rubber stamp)
Aadhaar Card & PAN Card of Proprietors/Authorised Signatories

Hindu Undivided Family (HUF)

Letter of HUF duly signed by Karta and all Coparceners
PAN or GIR number
Names of Karta and Coparceners with residential address
Aadhaar Card of all Authorised Signatories.

Schedule of Charges: Standard Current Account
AQB Requirements	AQB Non-Maintenance Charges
Metro/Urban : 10,000/-AQB	500/-per Quarter
Semi Urban/Rural : 5,000/-AQB	500/-per Quarter

Debit Card	Rupay Card - Classic
Card Fees	Issuance Fee (Primary Holder): 50/- Annual Fee (Primary Holder): Free for first year, 50/- from subsequent year
Withdrawal Limit	ATM 40,000/- per day
Per Transaction Limits	20,000/- (own Bank ATM) 10,000/- (other Bank ATM)
Shopping Limit	POS 1,00,000/- per day
Per Transaction Limits	POS 25,000/-
ATM Transactions	Unlimited Free Transactions
Other ATM Card Charges	PIN Regeneration Charges - NIL (Green Pin) Card Replacement Charges - 100/- Add on charges - 100/- (subject to terms and conditions)

Service Type

Free limit

Charges Beyond Free Limit

Cash Deposit Transactions

Base Branch: 2 Lakh

Non Base Branch 1 Lakh

2.50 /- per 1,000/-

Cheque book

One Free Chequebook per quarter (50 leaves)

2/- leaf (100/- per cheque book)

DD/PO transactions

Demand Drafts Payable at own Bank locations:
Upto 2,000/- 20/-
Above 2,001/- upto 10,000/- 50/-
Above 10,000/- 2/- 1,000/-
(Min 60/- & Max 1,500/-)

Payable at corresponding bank locations:

1/- per thousand, min 25/- DD + Correspondent Bank charges
Revalidation/Duplicate DD: 100/-
Cancellation: 100/-

For details on fees and charges, please click here

Can an individual open a Current Account?
Yes, an Individual can open a Current Account upon providing the following documents:

Aadhaar Card of Individual
PAN Card of Individual
Proof of address if different from Aadhaar Card.

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

Free Unlimited ATM transactions across all Bank ATMs within India

Classic Rupay Debit Card with Personal Accidental Insurance cover of Rs.1 Lakh*

Quarterly/half yearly balance requirement instead of monthly
Eligibility

Anyone residing in India or a Hindu undivided family can apply for an Utkarsh Standard Savings Account.

Documents

Any resident of India or a Hindu Undivided Family can apply to open a Standard Savings Account.

Latest passport size photograph
Aadhaar Card
Address and identity proof documents

For a full list of address and identity proof documents, click here.

Documents required to open a Standard Savings Account - Hindu Undivided Family

PAN Card copy/Form 60 of HUF
Declaration from the Karta
Proof of identification and address of Karta as per documentation for individual
Prescribed Joint Hindu Family Letter signed by all the adult holders

Documents Acceptable as Proof of Identity & Address (For Domestic Individual Savings Accounts)*- Opening of Accounts /Address Change/Periodic Updation of KYC (Re-KYC)

SI No	Type of Document	ID Proof	Address Proof
1	Passport	Yes	Yes
2	Driving Licence	Yes	Yes
3	Permanent Account Number(PAN)	Yes	No
4	Voters ID Card(Issued by Election Commission of India)	Yes	Yes
5	Job Card by NREGA duly signed by an officer of the State Government	Yes	Yes
6	Aadhaar Card	Yes	Yes

***A customer shall not be required to furnish separate proof of current address, if it is different from the address recorded in OVD. In such cases, the customer is required to submit a declaration indicating the address to which all correspondence will be made by the bank/branch subject to positive field verification by the branch official which needs to be recoded
*Kindly contact the nearest branch in case you don’t have any of the above mentioned documents.

Fees & Charges

Schedule of Charges: Standard Savings Account
AQB Requirements	AQB Non-Maintenance Charges
Metro/Urban : Rs.10,000/ -AQB	Metro/Urban: Rs.25 per Rs.500 of shortfall, Max Rs.350 for quarter;
Semi Urban/Rural : Rs.5,000	Semi Urban/Rural: Rs.25 per Rs.5,00 of shortfall, Max Rs.250 for half year

Debit Card	Rupay Card - Classic
Card Fees	Issuance Fee (Primary Holder): Rs.50 Annual Fee (Primary Holder): Free for first year, Rs.50 from subsequent year
Withdrawal Limit	ATM 5,000 per day
Per Transaction Limits	Rs.20,000 (own Bank ATM) Rs.10,000 (other Bank ATM)
Shopping Limit	POS Rs.1,00,000 per day
Per Transaction Limits	POS Rs.25,000
ATM Transactions	Unlimited Free transactions
Other ATM Card Charges	PIN Regeneration Charges – NIL (Green Pin) Card Replacement Charges - 100 Add on Charges – Rs.100

Service Type	Free limit	Charges Beyond Free Limit
Cash Deposit Transactions	Rs.5 Lakhs/10 transactions	Rs.2.50 per Rs.1,000 (Min. Rs.20 )
Chequebook	One Free Chequebook per quarter (20 leaves)	Rs.2 leaf

DD/PO transactions

Demand Drafts Payable on own Bank locations:
Upto Rs.2,000 Rs.20
Above Rs.2,001 upto Rs.10,000 Rs.50
Above Rs.10,000 Rs.2 Rs.1,000
(Min Rs.60 & Max Rs.1,500 )
Payable at corresponding bank locations: Rs.1 per thousand, min Rs.25 DD + Correspondent Bank charges
Revalidation / Duplicate DD: Rs.100
Cancellation: Rs.100

For complete details on Fees and Charges, please click here

Eligibility

What is the interest rate applicable?
The rate of interest depends on the average quarterly balance maintained in the account. Your Account has the potential to earn up to 6%* interest rate. Please visit the nearest Utkarsh Small Finance Bank Branch for more details.

What is the minimum Average Monthly Balance (AMB) required for a Standard Savings Account?
The biggest advantage our customers have is that we request them to maintain an Average Quarterly Balance (AQB) instead of a monthly balance. Metro/urban customers can enjoy classic banking services with an Average Quarterly Balance (AQB) of just Rs.10,000 and semi-urban/rural customers can enjoy the same at Rs.5,000 of half yearly average balance.

What is the daily transaction limit?
The daily ATM withdrawal limit for our customers is Rs.40,000 and the shopping limit is Rs.1,00,000 (POS).

Who is eligible to open a Standard Savings Account?
Any resident of India or a Hindu Undivided Family can apply to open a Standard Savings Account.