Standard Savings Account

The saving account comes with such unique features that makes your banking experience delightful. The interest is calculated on daily product basis and credited quarterly. To know more about such unique and exciting features, call us today!

An average quarterly balance of 5,000 in metro/urban banking outlet & 2,500 required in semi-urban/rural banking outlet. Certain benefits of our standard savings account, include higher ATM withdrawal and purchase limits. To top it all our debit cards come with Zero Liabilities coverage .

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1 reward point on every 100 spends on debit card

15% discount

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15% discount

1 reward point on every 100 spends on debit card

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Cash withdrawal on Utkarsh Bank ATMs

  • Higher ATM withdrawal and purchase limits

  • Host of services offered at a minimum AQB requirement

  • Free NEFT/RTGS

  • Competitive Interest Rates*:

Balance in Rate of Interest w.e.f 1stDec 2022
Balance up to 1 Lakh 4.25% p.a.
Incremental Balance above 1 Lakh up to 25 Lakhs 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 Standard Savings Account.

Standard Savings Account
Average Balance Requirements AQB
Metro & Urban Branches 5,000/-
Semi-Urban & Rural Branches 2,500/-
Charges for Non-Maintenance Metro/Urban: 25/- per 500/- of shortfall, Max 250/- for quarter;
Semi Urban/Rural: 25/- per 500/- of shortfall, Max 250/- for quarter
Branch Cash Transactions
Cash Deposit Transactions- Free limits/month 5 lakhs
Charges Beyond Free Limit 3/- per 1000/- [Min 50/-]
Cash Deposit Transactions Free limits/month [Folio] 10 transactions
Charges Beyond Free Limit 20/-
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/- and Max 1000 ]
Revalidation 100/-
Duplicate DD Issuance 100/-
DD/PO Cancellation 100/-
Cheque Issuance/ Collection Charges
Free Leaves One free cheque book 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 Upto 1 lakh - 5/-
Above 1 lakh upto 2 lakhs - 10/-
Above 2 lakh upto 3 lakhs - 15/-
Above 3 lakh upto 5 lakhs - 20/-
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
Stop Payment Instructions 100/- per cheque
Signature, Address and Photo attestation 100/- per instance
Balance Certificate 100/- per instance
SMS Alerts

25 paisa per SMS

Subject to maximum amount of ₹ 25 per quarter

or

actual amount

whichever is lower.     

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 from01st May 2023, please click here

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Apply to Standard Savings Account

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 Dec 01, 2022 as follows:

Balance in Rate of Interest w.e.f Dec 01, 2022
Balance up to 1 Lakh 4.25% p.a.
Incremental Balance above 1 Lakh up to 25 Lakhs 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

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. Metro/urban customers can enjoy banking services by maintaining an Average Quarterly Balance [AQB] of just 5,000 and semi-urban/rural customers can enjoy the same at 2,500 of Average Quarterly Balance [AQB].

The daily ATM withdrawal limit for our customers is 40,000 and the shopping limit is 1,00,000 [POS].

Any resident of India or a Hindu Undivided Family can apply to open a Standard Savings Account.

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