Gen-Nex Savings Account

Financial independence is as important as Literary Independence. Sow the seeds of financial discipline today. The Gen-Nex Savings Account can be opened jointly with a guardian and can be operated by the parent/ guardian until the minor becomes a major. Further, the account can be converted into a regular savings account. An average quarterly balance of 2,500 in metro/ urban Banking Outlets and 750 in semi-urban/ rural Banking Outlets is required to be maintained.




1 reward point on every 100 spends on debit card

15% discount


15% discount

1 reward point on every 100 spends on debit card




Cash withdrawal on Utkarsh Bank ATMs

  • Facility to auto transfer funds to Minor's Account

  • Classic Rupay Debit Card with Unlimited Free ATM access at (own/other) Banks within India

  • Customers are offered Higher ATM withdrawal and purchase limits

  • Lower ATM withdrawal and purchase limits as protection against misuse

  • Free SMS Alerts

  • Interest Rate on Domestic Savings *:

Balance in Rate of Interest w.e.f 1stDec 2022
Balance Upto 1 Lakh 4.25% p.a.
Incremental balance above 1 Lakh upto 25 Lakh 6.50% p.a.
Incremental Balance above 25 Lakhs up to 10 crore 7.25% p.a.
Incremental Balance above 10 Crore 7.50% p.a.

* T&C Apply

*Important Point: No Additional Interest Rate for Senior Citizen.

Children below 18 years of age can open a Minor Savings Account with Utkarsh Small Finance Bank.

Gen-Nex Savings Account
Average Balance Requirements AQB
Metro & Urban Branches 2,500/-
Semi-Urban & Rural Branches 750/-
Changes for Non-Maintenance Metro/Urban: 25/- per 500/- of shortfall, Max 125/- for quarter;
Semi Urban/Rural: 25/- per 500/- of shortfall, Max 37.50/- for quarter
Branch Cash Transactions
Cash Deposit Transactions- Free limits/month 5 lakhs
Charges Beyond Free Limit 3/- per leaf 1000/- [Min 50/-]
Cash Deposit Transactions Free limits/month [Folio] 10 transactions
Charges Beyond Free Limit 20/-
Cash Withdrawal - Free limits/month Unlimited
Cash Withdrawal charges beyond free limit Not Applicable
DD/PO Issuance
Demand Drafts Payable
on own Bank Locations
Upto 10,000/- 50/-
Above 10,000/- 4/- per 1,000/-
[Min 50/- and Max 1000/-]
Revalidation 100/-
Duplicate DD Issuance 100/-
DD/PO Cancellation 100/-
Cheque Issuance/ Collection Charges
Free Leaves One free cheque book per quarter [20 leaves]
Charges Beyond Free Limit 2/- per leaf
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 1 lakh - 5/-
Above 1 lakh upto 2 lakhs - 10/-
Above 2 lakh upto 3 lakhs - 15/-
Above 3 lakh upto 5 lakhs - 20/-
Doorstep Banking Services
Cash Pickup Charges [within city limits with a radius of 5 km from base branch] Not Available
Cheque 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


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 Upto 14 days – Nil
Above 14 days up to 12 months - 500/-
Above 12 month- 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

Apply to Gen-Nex Savings Account

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month


Interest Rate (%)



Equated Monthly installments (EMI)


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Deposit Amount
Interest Earned

Interest Rate


Interest Earned


Maturity Value


Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)


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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 years

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