Standard Savings Account

An average quarterly balance of 5,000 in metro/ urban Banking Outlets. Certain unique features of our standard savings account, include, free unlimited domestic transactions at any ATM. The interest is calculated on daily product basis and credited quarterly.

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Eligibility
Benefits
FAQs
Fees and Charges

Anyone residing in India or a Hindu Undivided Family can apply for an Utkarsh Standard Savings Account.

Free unlimited domestic transactions at any ATM
Host of Services at low AQB requirement
Free NEFT/RTGS

Interest Rate on Domestic Savings *:

Balance in	Rate of Interest w.e.f October 1, 2021
Balance in	Rate of Interest w.e.f October 1, 2021
Balance Upto 1 Lakh	3.75% p.a.
Incremental balance above 1 Lakh upto 25 Lakh	6.00% p.a.
Incremental Balance above 25 Lakh upto 10 Crores	7.00% p.a.
Incremental Balance above 10 Crores	6.75% p.a.

* Conditions Apply

What is the interest rate applicable?

Interest Rate on Domestic Savings Account Deposits with effect from October 01, 2021 as follows:

Balance in	Rate of Interest w.e.f October 1, 2021
Balance in	Rate of Interest w.e.f October 1, 2021
Balance Upto 1 Lakh	3.75% p.a.
Incremental balance above 1 Lakh upto 25 Lakh	6.00% p.a.
Incremental Balance above 25 Lakh upto 10 Crores	7.00% p.a.
Incremental Balance above 10 Crores	6.75% p.a.

Conditions Apply

How is Interest calculated ?

The interest is calculated on daily product basis and credited quarterly.

What is the minimum Average Monthly Balance (AMB) required for a Standard Savings Account?

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).

What is the daily transaction limit?

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

Who is eligible to open a Standard Savings Account?

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

Average Balance Requirements	Standard Savings Account
Average Balance Requirements	AQB
Metro & Urban Banking Outlet	5,000/-
Semi-Urban & Rural Banking Outlet	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
Cash Deposit - Home & Non-Home Branch (Combined)
Cash Deposit - Home & Non-Home Branch (Combined)
Cash Deposit Transactions- Free limits/month	5 lakhs / 10 transactions
Charges Beyond Free Limit	2.50/- per 1,000/- (Min. 20/-)
DD/PO Issuance
DD/PO Issuance
Demand Drafts Payable on own Bank Locations	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/- Above 10,000/- 2/- per 1,000/- (Min 60/- & Max 1,500/-)
Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/- DD + Correspondent Bank charges
Revalidation	100/-
Duplicate DD Issuance	100/-
DD/PO Cancellation	100/-
Cheque Book
Cheque Book
Free Leaves	One free cheque book per quarter (20 leaves)
Charges Beyond Free Limit	2/-leaf
Payment Services
Payment Services
RTGS Outward	Free
NEFT Outward	Free
IMPS Payments	Upto 1 lakh - 5/- Above 1 lakh upto 2 lakhs - 15/-
Doorstep Banking Services
Doorstep Banking Services
Cash Pickup Charges (within city limits with a radius of 5 km from base branch)	Not Applicable
Cheque Pickup Charges (within city limits with a radius of 5 km from base branch)	Not Applicable
Other Charges
Other Charges
Outstation Cheque Collection Fees	Upto & Including 5,000/- 25/- per cheque Above 5,000/- upto . 10,000/- 50/- per cheque Above 10,000/- upto 1 lakh - 100/- per cheque Above 1 lakh upto 5 lakhs - 200/- per cheque Above 5 lakhs upto 10 lakhs - 225/- per cheque Above 10 lakhs - 250/- per cheque (plus other bank charges, if applicable)
Cheque Return Charges (Outward and Inward)	200/- per cheque
SMS Alerts	15/- quarter
Phone Banking	Free
Quarterly Physical Statements	Free
Email Statements	Free
Ad-hoc Statements	100/- per instance
Stop Payment Instructions	100/- per cheque
Standing Instructions	Within Bank: Free Other Banks: 50/- per mandate
Record Retrieval Charges (Cheque/ Instruction/ Charge slip)	100/- per instance
Signature, Address and Photo attestation	100/- per instance
Duplicate Interest & Balance Certificate Issuance Charge	100/- per instance
Duplicate TDS Certificate Issuance Charge	100/- per instance
Account Closure	Upto 14 days - Nil Above 14 days upto 6 months - 250/- Above 6 months- Nil

For Debit Card Variants & Charges, kindly refer to the Card Section

For complete details on Fees and Charges, please click here

"Proposed Schedule of Charges to be effective from 21st October 2021” Please click here

Eligibility

Anyone residing in India or a Hindu Undivided Family can apply for an Utkarsh Standard Savings Account.

Benefits

FAQs

Fees and Charges

Average Balance Requirements	Standard Savings Account
Average Balance Requirements	AQB
Metro & Urban Banking Outlet	5,000/-
Semi-Urban & Rural Banking Outlet	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
Cash Deposit - Home & Non-Home Branch (Combined)
Cash Deposit - Home & Non-Home Branch (Combined)
Cash Deposit Transactions- Free limits/month	5 lakhs / 10 transactions
Charges Beyond Free Limit	2.50/- per 1,000/- (Min. 20/-)
DD/PO Issuance
DD/PO Issuance
Demand Drafts Payable on own Bank Locations	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/- Above 10,000/- 2/- per 1,000/- (Min 60/- & Max 1,500/-)
Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/- DD + Correspondent Bank charges
Revalidation	100/-
Duplicate DD Issuance	100/-
DD/PO Cancellation	100/-
Cheque Book
Cheque Book
Free Leaves	One free cheque book per quarter (20 leaves)
Charges Beyond Free Limit	2/-leaf
Payment Services
Payment Services
RTGS Outward	Free
NEFT Outward	Free
IMPS Payments	Upto 1 lakh - 5/- Above 1 lakh upto 2 lakhs - 15/-
Doorstep Banking Services
Doorstep Banking Services
Cash Pickup Charges (within city limits with a radius of 5 km from base branch)	Not Applicable
Cheque Pickup Charges (within city limits with a radius of 5 km from base branch)	Not Applicable
Other Charges
Other Charges
Outstation Cheque Collection Fees	Upto & Including 5,000/- 25/- per cheque Above 5,000/- upto . 10,000/- 50/- per cheque Above 10,000/- upto 1 lakh - 100/- per cheque Above 1 lakh upto 5 lakhs - 200/- per cheque Above 5 lakhs upto 10 lakhs - 225/- per cheque Above 10 lakhs - 250/- per cheque (plus other bank charges, if applicable)
Cheque Return Charges (Outward and Inward)	200/- per cheque
SMS Alerts	15/- quarter
Phone Banking	Free
Quarterly Physical Statements	Free
Email Statements	Free
Ad-hoc Statements	100/- per instance
Stop Payment Instructions	100/- per cheque
Standing Instructions	Within Bank: Free Other Banks: 50/- per mandate
Record Retrieval Charges (Cheque/ Instruction/ Charge slip)	100/- per instance
Signature, Address and Photo attestation	100/- per instance
Duplicate Interest & Balance Certificate Issuance Charge	100/- per instance
Duplicate TDS Certificate Issuance Charge	100/- per instance
Account Closure	Upto 14 days - Nil Above 14 days upto 6 months - 250/- Above 6 months- Nil

For Debit Card Variants & Charges, kindly refer to the Card Section

For complete details on Fees and Charges, please click here

"Proposed Schedule of Charges to be effective from 21st October 2021” Please click here