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.
Instantly break your Fixed Deposit at any given time*.
Appoint a nominee online.
Easy renewal of Fixed Deposits through our strong and simple online banking system.
For premature withdrawal of 1 Crore and above, please contact nearest Utkarsh Small Finance Bank Branch.
You are eligible for a Fixed Deposit Account if you belong to any one of the following categories.
- 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/ Driver’s Licence)
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 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 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 and PAN Card of proprietors or authorised signatories
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
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 fall into one of the categories below:
- Resident of India
- Hindu undivided families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
Do I need to have the agreement of sale registered?
It is advisable to register the agreement of sale between the builder/ seller and the purchaser, as it is mandatory as per the Indian Laws.
What is the minimum amount I need to invest?
You need to invest a minimum of 1000 in your Fixed Deposit
Is there a penalty for not paying the installment?
You have to deposit a lump sum during the time of making an investment. There’s no installment system applicable, hence no penalty.
