Skip the paperwork and open your Account instantly with our Video KYC. Enjoy a simple, convenient, and safe banking journey without visiting the branch.
1 reward point on every
100 spends on debit cardGet
1 reward point on every
100 spends on debit cardGet
Cash withdrawal on Utkarsh Bank ATMs
Instant Account opening and Instant Account number
Earn higher Interest Rates upto 7.50% p.a*
No physical branch visit and documentation required
Completely paperless process
Advantage of choosing an Account online that best suits your needs
* T&C Apply
Indian Citizens presently living in India
Must be of minimum 18 years.
Your Aadhaar must be linked with your Mobile number and PAN.
Video KYC is completely Free
For complete details on fees and charges effective from 1st May 2023, Please click here
Balance in | Rate of Interest w.e.f 1stNovember 2023 |
---|---|
Balance up to | 1 Lakh4.00% p.a. |
Incremental Balance above | 1 Lakh up to 5 Lakhs6.25% p.a. |
Incremental Balance above | 5 Lakhs up to 50 Lakhs7.50% p.a. |
Incremental Balance above | 50 Lakhs up to 10 Crore7.25% p.a. |
Incremental Balance above | 10 Crore7.50% p.a. |
* T&C Apply
*Important Point: No Additional Interest Rate for Senior Citizen.
Interest Rate 8.00% |
Interest Earned 3,50,452 |
Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
(Indicative interest rates for calculation only. click here for latest rates.) |
V-KYC is an account that enables a new-to-bank customer to onboard oneself through digital platforms. Some of the features are as follows:
A maximum of
1 lakh can be kept as account balance at a time in the U-Instant account. In a financial year, a maximum of 2 Lakhs credit transaction is allowed in the U-Instant account. For higher limits over and above ₹1 lakh, the U-Instant account needs to be converted into a regular Savings Account with full KYC [Know Your Customer] documentation either through visiting a branch or through V-KYC [Video KYC]. The validity of the U-Instant account will be for one year from the date of opening the account, within which the customer will be required to convert the account into a regular Savings Account with complete KYC documentation as mentioned above.Once the account is activated, the customer can download the UTKARSH MOBILE Application through google play store/apple app store and create MPIN. On successful completion of the above process, the customer may start using the Mobile Banking Application.
It is similar to the physical debit card only which is available in a digital format. A Virtual Debit Card can be used only for e-com transactions e.g. online shopping, pay bills or recharges mobile/DTH etc.
Once your Savings Account is opened, you can:
Video KYC enables you to open a Full KYC account instantly. It is an option in which you receive a video call from our Bank representative to complete your KYC process after entering your details. The video call eliminates a visit to the branch physically to complete your KYC.
Please Keep the followings ready before you connect to the call.
Yes, our Video KYC process is completely safe and secure. The information you provide during the video call is secured and encrypted with an advanced technology. Additionally, with AI-based face recognition, additional OTP verification, and thorough video validation, we keep all your information secure. To ensure this, please only click on the link provided in our bank’s website or mobile banking app. Kindly refrain using public Wi-fi connections for your safety & security.
Yes, there is a schedule option where you can re-schedule a call at a later date. However, please ensure to complete your video KYC call within the Bank’s business days.
Since it is a video verification process, we need consent to use your camera and microphone during the V-KYC.
You can use any device such as Computer, Laptop, Mobile or Tablet which is enabled with a good working camera, microphone and internet connection [avoid public wifi connection].
You may convert you account into a regular Savings Account with complete KYC documentation through online mode or you may also visit our nearest Bank branch
Yes, our Video-KYC (V-KYC) process is available between 7 AM to 11 PM on the Bank’s business days as per Maharashtra Government’s Holiday Calendar. You may schedule for your V-KYC as per your convenience during this period. Also, please note that the V-KYC has to be completed within maximum of 3 working days from the day of the request raised.
Mobile number that is linked to/registered with your Aadhaar should be same.
You can select the available option like UPI/QR/Net banking/ Debit Card to fund the account
Bank reserves the right to reject the account opening application, if there is any erroneous, incomplete, or misleading etc. information related to the customer is observed or for any other reason whatsoever with/without assigning any reason or if KYC documents submitted do not comply with the KYC norms of the Bank. In case of such rejection, the initial funding will be refunded after 3 working days without any interest through NEFT/RTGS/UPI mode OR will issue a Demand Draft and dispatch the same in the customer communication address available in Bank’s records. However, customers may apply a fresh request by visiting their nearest USFBL branch.
Earn upto 7.50% p.a. on your Savings Account, with Quarterly credits
Earn interest rates upto 8.50 % p.a. and 9.10% p.a. for Senior Citizens
Get Loan amount upto
10 Crores with Flexible Tenure upto 15 yearsTurn your surplus funds into security, for a better tomorrow
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