Fixed Deposits

An early start on your savings with Utkarsh Small Finance Bank can help you fulfil your dreams. Fixed Deposit is a one-time investment plan that gives you greater return at the term end. We offer hassle-free process and management of your investment with exciting benefits for you to enjoy. So no matter what you dream, invest in our range of customised solutions and watch your wealth grow

Apply online

Interest Rate
Benefits
Eligibility
Documents Required
Fees and Charges
FAQs

For a complete list of Interest rate on Fixed Deposit, Please click here

Earn higher returns on your surplus
Enjoy additional returns for senior citizen
Facility of quarterly and monthly pay-outs
Fast and hassle-free process that can be accessed from anywhere.
Appoint a nominee online.

You are eligible for a Fixed Deposit Account if you belong to any one of the following categories.

Individual Resident of India
Hindu Undivided Families
Sole Proprietorship Firms
Partnership Firms
Limited Companies
Trust Accounts

The following are the documents you would need in order to open a Fixed Deposit Account at Utkarsh Small Finance Bank. If you don’t have the mentioned documents, visit your nearest Utkarsh Small Finance Bank Branch.

Individuals:

One latest passport size photograph.
Aadhaar Card
Address and Identity proof documents ( Voter’s ID/ PAN Card/ Passport/ Driving Licence)

Public or Private Limited Companies:

Certificate of Incorporation
Memorandum and Articles of Association
Board Resolution authorising the opening and operations of the account
PAN or General Index Registrar (GIR) number or completed Form 60
List of Directors with residential addresses
PAN Card and Aadhaar Card of authorised signatories
Firm’s Address Proof if not mentioned in Certificate of Incorporation.
GST Certificate

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 and PAN Card of Authorised Signatories.
PAN Card of the Firm or Form 60.

Limited Liability Partnership Firms:

Certificate of Registration issued by registrar of Limited Liability Partnership
PAN Card of LLP
Aadhaar Card and 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 Licence or Sales Tax Certificate or Shop and Establishment Certificate or GST Certificate
Letter of proprietorship, duly signed by the proprietor in her or his individual capacity (with a rubber stamp)
Aadhaar Card and PAN Card of proprietor(s) or authorised signatorie(s)

Hindu Undivided Family (HUF):

Letter of HUF duly signed by Karta and all Co-Parceners
PAN or GIR number or completed Form 60
Names of Karta and Co-Parceners with residential address
Aadhaar Card of all authorised signatories

Particulars	Charges
Minimum Investment Amount	1,000
Maximum Investment Amount	No Maximum Limit
Minimum Tenure	7 Days
Maximum Tenure	10 Years
Penalty on Premture Withdrawal	1% (Not Applicable for closure within 7 days)
Penalty for Non Payment of Installment	Not Applicable

How do I apply for a Fixed Deposit Account?

Visit your nearest Utkarsh Small Finance Bank Branch to apply for a Fixed Deposit.

What is the eligibility criterion?

You are eligible if you belong to any one of the following categories below:

Individual Resident of India
Hindu Undivided Families
Sole Proprietorship Firms
Partnership Firms
Limited Companies
Trust Accounts

What is the minimum amount I need to invest?

You need to invest a minimum of 1,000 in your Fixed Deposit Is there a penalty for not paying the installment? 1% penalty on premature withdrawal will be applicable.

Interest Rate

For a complete list of Interest rate on Fixed Deposit, Please click here
Benefits
1. Earn higher returns on your surplus
2. Enjoy additional returns for senior citizen
3. Facility of quarterly and monthly pay-outs
4. Fast and hassle-free process that can be accessed from anywhere.
5. Appoint a nominee online.
Eligibility
You are eligible for a Fixed Deposit Account if you belong to any one of the following categories.

Individual Resident of India

Hindu Undivided Families

Sole Proprietorship Firms

Partnership Firms

Limited Companies

Trust Accounts
Documents Required
The following are the documents you would need in order to open a Fixed Deposit Account at Utkarsh Small Finance Bank. If you don’t have the mentioned documents, visit your nearest Utkarsh Small Finance Bank Branch.
Individuals:

One latest passport size photograph.

Aadhaar Card

Address and Identity proof documents ( Voter’s ID/ PAN Card/ Passport/ Driving Licence)

Public or Private Limited Companies:

Certificate of Incorporation

Memorandum and Articles of Association

Board Resolution authorising the opening and operations of the account

PAN or General Index Registrar (GIR) number or completed Form 60

List of Directors with residential addresses

PAN Card and Aadhaar Card of authorised signatories

Firm’s Address Proof if not mentioned in Certificate of Incorporation.

GST Certificate

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 and PAN Card of Authorised Signatories.

PAN Card of the Firm or Form 60.

Limited Liability Partnership Firms:

Certificate of Registration issued by registrar of Limited Liability Partnership

PAN Card of LLP

Aadhaar Card and 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 Licence or Sales Tax Certificate or Shop and Establishment Certificate or GST Certificate

Letter of proprietorship, duly signed by the proprietor in her or his individual capacity (with a rubber stamp)

Aadhaar Card and PAN Card of proprietor(s) or authorised signatorie(s)

Hindu Undivided Family (HUF):

Letter of HUF duly signed by Karta and all Co-Parceners

PAN or GIR number or completed Form 60

Names of Karta and Co-Parceners with residential address

Aadhaar Card of all authorised signatories

Fees and Charges

Particulars	Charges
Minimum Investment Amount	1,000
Maximum Investment Amount	No Maximum Limit
Minimum Tenure	7 Days
Maximum Tenure	10 Years
Penalty on Premture Withdrawal	1% (Not Applicable for closure within 7 days)
Penalty for Non Payment of Installment	Not Applicable

FAQs
How do I apply for a Fixed Deposit Account?
Visit your nearest Utkarsh Small Finance Bank Branch to apply for a Fixed Deposit.

What is the eligibility criterion?
You are eligible if you belong to any one of the following categories below:

Individual Resident of India

Hindu Undivided Families

Sole Proprietorship Firms

Partnership Firms

Limited Companies

Trust Accounts

What is the minimum amount I need to invest?
You need to invest a minimum of 1,000 in your Fixed Deposit Is there a penalty for not paying the installment? 1% penalty on premature withdrawal will be applicable.