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 offers 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 encourage 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
-
Free Quarterly Physical/Email account statement
-
Availability of Cheque book facility with 1 free cheque book per quarter (10 leaves per book)
-
Unlimited free Cash Withdrawal transactions (Across all categories of Branches)
-
Free online transaction through RTGS, NEFT and IMPS payments.
-
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.
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 leaf 1000/- [Min 50/-] |
| Cash Deposit Transactions [Folio Charges] | 4 Branch transactions |
| Charges Beyond Free Limit | ₹20/- per Transaction |
| 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. |
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
