The Account provides Basic Savings banking features with the aim of encouraging people to open a Savings Bank account and enjoy the benefits of financial inclusion. Zero Liabilities coverage on Debit card.
Get
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
No Minimum Balance required
Free Debit Card Facilities
A Classic Rupay debit card is offered with no annual maintenance charges for the first year
Access and unlimited ATM access (own/other) Bank
Higher ATM withdrawal and purchase limits.
Access to Internet Banking
Passbook Facilities for all Account Holders
Interest Rate on Domestic Savings *:
Balance in | Rate of Interest w.e.f 1stDec 2022 |
---|---|
Balance Upto | 1 Lakh4.25% p.a. |
Incremental balance above | 1 Lakh upto 25 Lakh6.50% p.a. |
Incremental Balance above | 25 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.
Basic Savings Bank Deposit Account [BSBDA] | |
Average Balance Requirements | AQB |
---|---|
Metro & Urban Banking | Nil |
Semi-Urban & Rural Branches | Nil |
Charges for Non-Maintenance | Nil |
Branch Cash Transactions | |
Cash Deposit Transactions- Free limits/month | Unlimited |
Charges Beyond Free Limit | Nil |
Cash Deposit Transactions Free limits/month [Folio] | Unlimited |
Charges Beyond Free Limit | Nil |
Cash Withdrawal charges beyond free limit | Not Applicable |
Cash Withdrawal Transactions Free limits/month[Folio] | Maximum 4 Withdrawals per month across all channels including drawings through ATM |
Charges Beyond Free Limit | 10 per transaction |
DD/PO Issuance | |
Demand Drafts Payable on own Bank Locations | Upto Above 10,000/- 4/- per 1,000/- [Min 50/- Max 1000/-] |
10,000/- 50/-
Revalidation | Free |
Duplicate DD Issuance | Free |
DD/PO Cancellation | 100/- |
Cheque Issuance/ Collection Charges | |
Free Leaves | Not Available |
Charges Beyond Free Limit | Not Applicable |
Cheque Return Charges [Outward] | 200/- per cheque |
Cheque Return Charges [Inward] | 500/- per cheque |
NEFT/RTGS/IMPS transactions [Online] | |
RTGS Outward | Free |
NEFT Outward | Free |
IMPS Payments | Upto Above 1 lakh upto 2 lakhs - 10/- Above 2 lakh upto 3 lakhs - 15/- Above 3 lakh upto 5 lakhs - 20/- |
1 lakh - 5/-
Doorstep Banking Services | |
Cash Pickup Charges [within city limits with a radius of 5 km from base branch] | Not Available |
Cash Pickup Charges [within city limits with a radius of 5 km from base branch] | Not Available |
Other Charges | |
Quarterly Physical Statements | Free |
Email Statements | Free |
SMS Alerts |
25 paisa per SMS Subject to maximum amount of ₹ 25 per quarter or actual amount whichever is lower. |
Stop Payment Instructions | 100/- per cheque |
Signature, Address and Photo attestation | 100/- per instance |
Balance Certificate | 100/- per instance |
Account Related Charges | |
Account Closure | Nil |
For Debit Card Variants & Charges, kindly refer to the Card Section
For complete details on Fees and Charges effective from 01st May 2023, please click here
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.) |
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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