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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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
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
Apply to Recurring Deposit
Loan calculator
|
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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