Naveen Savings Account
Naveen Savings Account is a full KYC account which provides a basic savings banking features with the aim of encouraging people to start saving without the burden of fees and charges. The aim of introducing “Naveen Saving Account” is to offer small saving deposit and utilize the same for day to day requirement, wherein they can pool in the daily/monthly saving and avail the basic benefits and services of banking products. This encourages small customer segment for starting small amount deposit.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
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Free Quarterly Physical/Email account statement
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Availability of Cheque book facility with 1 free cheque book per quarter (10 leaves per book)
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Unlimited free Cash Withdrawal transactions (Across all categories of Branches)
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Free online transaction through RTGS, NEFT and IMPS payments.
Interest Rate on Domestic Savings *:
| Balance in | Rate of Interest w.e.f. May 01, 2025 |
|---|---|
| Balance Upto 1 Lakh | 3.50% p.a. |
| Incremental balance above 1 Lakh upto 5 Lakhs | 5.25% p.a. |
| Incremental balance above 5 Lakhs upto 10 Lakhs | 6.50% p.a. |
| Incremental balance above 10 Lakhs upto 50 Lakhs | 7.25% p.a. |
| Incremental balance above 50 Lakhs upto 100 Crore | 7.50% p.a. |
| Incremental balance above 100 Crore | 7.75% p.a. |
* T&C Apply
*Important Point: No Additional Interest Rate for Senior Citizen.
Anyone residing in India can apply for an Utkarsh Naveen Savings Account.
| Naveen Savings Account | |
| Average Balance Requirements | AQB |
|---|---|
| Metro/Urban/Semi-Urban/Rural Branches | /- |
| Non-Maintenance Charges |
25/- per ₹500/- of shortfall, Max ₹ 100/- for quarter |
| Initial Funding Requirement | 50% of Average Quarterly Balance Requirement |
| Branch Cash Transactions | |
| Cash Deposit Transactions- Free limits/month | 2,00,000/- [Across all categories of Branches] |
| Charges Beyond Free Limit | 3/- per 1000/- [Min 50/-] |
| Cash Deposit Transactions [Folio Charges] | Unlimited |
| Charges Beyond Free Limit | Not Applicable |
| Cash Withdrawal - Free limits/month | Unlimited [Across all categories of Branches] |
| Cash Withdrawal charges beyond free limit | Nil |
| Cheque Issuance/ Collection Charges | |
| Chequebook [10 Leaves] | 1 cheque book free per quarter |
| 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 | Free |
| 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 or actual amount whichever is lower. |
| Stop Payment Instructions | 100/- per cheque |
| Signature, Address and Photo attestation | Nil |
| Duplicate Interest & Balance Certificate Issuance Charge | Nil |
| Account Related Charges | |
| Account Closure | Upto 14 days – Nil Above 14 days up to 12 months - 500/- Above 12 month- Nil. |
With effect from April 1, 2015: In event of default in maintenance of Average Quarterly Balance [AQB] as agreed to between the Bank and the customer, Bank shall notify the customer by SMS/Email/ Letter, that in the event of the Average Quarterly Balance [AQB] not being restored in the account within a month from the date of notice, penal charges will be applicable.
In case the AQB is not restored within a reasonable period, which shall not be less than one month from the date of notice of shortfall, penal charges will be recovered in the subsequent month.
The Non Maintenance Charges will be based on the shortfall observed in the AQB and as specified in the SOC.
Due to security concerns, we request the customer to take full responsibility to update their coordinates and communication channels such as a valid e-mail ID, mobile number and address with the Bank at all times, failing which, customer may not receive the notification[s].
Penal charges will not be levied in In-Operative / Dormant Accounts.
*This product is available exclusively at Micro Banking Branches.
For Debit Card Variants & Charges, kindly refer to the Card Section
For complete details on Fees and Charges effective from 13thMay 2025, please click here
