Recurring Deposit

Become future ready with Utkarsh Small Finance Bank's Recurring Deposit scheme. It is like your personal piggy bank and yet lets you avail competitive returns. Give your investments a boost with an investment amount as little as 100 with our recurring deposit scheme.

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Rewards

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Rewards

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

Free

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Free

Cash withdrawal on Utkarsh Bank ATMs

  • Competitive interest rates

  • Interest payment is quarterly and at maturity. The rate of interest paid for fixed deposits varies according to tenure and amount, and higher interest rates are offered to senior citizens

  • No limit or restriction on maximum investment

  • Choose a tenure between 6 months to 10 years

You are eligible for a Recurring Deposit Account if you belong to any one of the following categories.
  • Individual Resident of India

  • Sole Proprietorship Firms

  • Partnership Firms

  • Limited Companies

  • Trust Accounts

Kindly visit your nearest Utkarsh Small Finance Bank Branch to open a Recurring Deposit Account.
Recurring Deposit
Particulars Charges
Minimum Tenure 6 months
Maximum Tenure 10 Years
Penalty on Premature Withdrawal 1% penalty will be applicable
For a complete list of Interest rate on Recurring Deposit, Please click here
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Apply for Recurring Deposit

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

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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

In Fixed Deposit, the amount is deposited lump sum in one go initially. However, in a Recurring Deposit, the amount is deposited at regular frequency i.e. in a recurring nature.

The minimum tenure of a Recurring Deposit is 6 months while the maximum is 120 months.

1% penalty on premature withdrawal will be applicable.

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