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 product basis and credited quarterly.

Rewards

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Rewards

1 reward point on every 100 spends on debit card

15% discount

Get

15% discount

1 reward point on every 100 spends on debit card

Free

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Free

Cash withdrawal on Utkarsh Bank ATMs

  • Access to Premium Lounge at Airport and Lifestyle Privileges

  • Doorstep Banking Services*

  • Free online transaction facility across all banking channels

  • Unlimited Free ATM transactions across all ATMs (own/other) within India

  • 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 February 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 Lakh upto 50 Lakhs 7.50% p.a.
Incremental Balance above 50 Lakhs 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 leaf 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 01st May 2023, please click here

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Apply for your new -age banking now and reap the benefits!

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

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.)

FAQs

Interest Rate on Domestic Savings Account Deposits with effect from February 01, 2024 as follows:

Balance in Rate of Interest w.e.f February 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 Lakh upto 50 Lakhs 7.50% p.a.
Incremental Balance above 50 Lakhs 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

Interest calculated on a Savings Account is determined on a daily basis on your closing balance and credited quarterly.

You are required to maintain an Average Quarterly Balance of 50,000 or total relationship of 5,00,000 in your Savings and FD A/C.

A Platinum Rupay debit card with an accidental policy cover of up to 200,000, is also offered to the account holder.

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