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
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
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 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.
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
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.) |
Interest Rate on Domestic Savings Account Deposits with effect from Dec 01, 2022 as follows:
Balance in | Rate of Interest w.e.f Dec 01, 2022 |
---|---|
Balance up to | 1 Lakh4.25% p.a. |
Incremental Balance above | 1 Lakh up to 25 Lakhs6.50% 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
The interest is calculated on daily product basis and credited quarterly.
The biggest advantage our customers have is that they need to maintain an Average Quarterly Balance [AQB] instead of a monthly balance. Customers can enjoy banking services by maintaining an Average Quarterly Balance [AQB] of just
2,000 across all categories of branches.The daily ATM withdrawal limit for our customers is
40,000 and the shopping limit is 2,00,000 [POS].Any resident of India can apply to open a Naveen Savings Account.
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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