Recurring Deposits

Become future ready with Utkarsh Small Finance Bank! A Recurring Deposit is just like your personal piggy bank, but the one that lets you avail higher returns with a host of benefits. Now invest your monthly surplus in our Recurring Deposit scheme and give your funds a steady growth. To help you get started, we accept investment amount as small as 100.

Apply online

Benefits
Eligibility
How To Apply
FAQs
Interest Rate
Fees and Charges

Higher interest rates
The quarterly compounded interest makes you reap the most out of the scheme.
No limit or restriction on maximum investment
Choose a tenure between 6 months to 10 years

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

Hindu Undivided Families
Sole Proprietorship Firms
Partnership Firms
Limited Companies
Trust Accounts

Kindly visit your nearest Utkarsh Small Finance Bank Branch to open a Recurring Deposit Account.

How is a Recurring Deposit different from a Fixed Deposit?

In Fixed Deposit, the amount is deposited lump sum in one go initially. However, in a Recurring Deposit, the amount is deposited at regular frequency i.e. in a recurring nature.

What is the minimum and maximum tenure of a Recurring Deposit?

The minimum tenure of a Recurring Deposit is 6 months while the maximum is 120 months.

Can I withdraw before the maturity of the account’s term?

1% penalty on premature withdrawal will be applicable.

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

Particulars	Charges
Minimum Tenure	6 months
Maximum Tenure	10 Years
Penalty on Premature Withdrawal	1% penalty will be applicable
Penalty for Non Payment of Installment	Rs.2 per to Rs.100 per month

Benefits
1. Higher interest rates
2. The quarterly compounded interest makes you reap the most out of the scheme.
3. No limit or restriction on maximum investment
4. Choose a tenure between 6 months to 10 years
Eligibility
You are eligible for a Recurring Deposit Account if you belong to any one of the following categories.

Hindu Undivided Families

Sole Proprietorship Firms

Partnership Firms

Limited Companies

Trust Accounts
How To Apply
1. Kindly visit your nearest Utkarsh Small Finance Bank Branch to open a Recurring Deposit Account.
FAQs

How is a Recurring Deposit different from a Fixed Deposit?

In Fixed Deposit, the amount is deposited lump sum in one go initially. However, in a Recurring Deposit, the amount is deposited at regular frequency i.e. in a recurring nature.

What is the minimum and maximum tenure of a Recurring Deposit?

The minimum tenure of a Recurring Deposit is 6 months while the maximum is 120 months.

Can I withdraw before the maturity of the account’s term?

1% penalty on premature withdrawal will be applicable.
Interest Rate

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

Fees and Charges