Premium Savings Account
Enjoy the privileges of our Premium Savings Account Offering! We offer a host of services that is sure to elevate your banking experience. An average quarterly balance of 50,000 is required to be maintained or minimum composite total relationship value of 500,000 is required to be maintained collectively in the current, savings and term deposit accounts, linked to the Premium Savings Account. As a Premium Savings Account holder, one is offered unlimited free domestic transactions at any ATM , a Platinum Rupay debit card and an accidental policy cover of up to 200,000. The interest is calculated on daily basis and credited quarterly.
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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Access to Premium Lounge at Airport and Lifestyle Privileges
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Doorstep Banking Services*
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Free online transaction facility across all banking channels
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Unlimited Free ATM transactions across own bank ATMs within India
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Platinum Rupay Debit Card with Personal Accidental Insurance Cover of 2 Lakh*
Interest Rate on Domestic Savings *:
| Balance in | Rate of Interest w.e.f. May 01, 2024 |
|---|---|
| Balance Upto 1 Lakh | 4.00% p.a. |
| Incremental balance above 1 Lakh upto 5 Lakhs | 6.25% p.a. |
| Incremental balance above 5 Lakhs upto 2 crore | 7.50% p.a. |
| Incremental Balance above 2 Crore up to 10 crore | 7.25% p.a. |
| Incremental Balance above 10 Crore up to 50 crore | 7.50% p.a. |
| Incremental Balance above 50 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 Premium Savings Account.
| Premium Savings Account | |
| Average Balance Requirements | AQB |
|---|---|
| Metro & Urban Branches | 50,000/- or relationship of 5 lakhs |
| Semi-Urban & Rural Branches | 50,000/- or relationship of 5 lakhs |
| Charges for Non-Maintenance | 25/- per 500/- of shortfall |
| Branch Cash Transactions | |
| Cash Deposit Transactions- Free limits/month | 20 lakhs |
| Charges Beyond Free Limit | 3/-per 1000/- [Min 50/-] |
| Cash Deposit Transactions Free limits/month [Folio] | Unlimited |
| Charges Beyond Free Limit | Not Applicable |
| 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/- Max 1000/-] |
| Revalidation | 100/- |
| Duplicate DD Issuance | 100/- |
| DD/PO Cancellation | 100/- |
| Cheque Issuance/ Collection Charges | |
| Free Leaves | Two free cheque books 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 | Free |
| Doorstep Banking Services | |
| Cash Pickup Charges [within city limits with a radius of 5 km from base branch] | 2 visits/month free Max.50,000/- per visit After free limit : 250/- |
| Cheque Pickup Charges [within city limits with a radius of 5 km from base branch] | 2 visits/month free After free limit :250/- per visit |
| Other Charges | |
| Quarterly Physical Statements | Free |
| Email Statements | Free |
| SMS Alerts | Free |
| Stop Payment Instructions | 100/- per cheque |
| Signature, Address and Photo attestation | Free |
| Balance Certificate | Free |
| 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.
For Debit Card Variants & Charges, kindly refer to the Card Section
For complete details on Fees and Charges effective from 16thJuly 2024, please click here
