UPI EASY ACCOUNT

A current account product, which eases the transaction by creating a virtual address/ UPI Id that becomes the identity for receiving and sending payments into merchant’s account without detailed information or net banking user id/ password along with an advantage of “Nil” average quarterly balance.

Benefits
Fee and Charges
FAQS

For Merchants:

Instant receipt of payment with instantaneous settlement.
A faster and smoother mode of payments for merchants.
Merchants can use this account towards collection of proceeds for transactions happening through the QR codes.
Allowing merchant’s consumer to directly pay through their digital wallets, in addition to the facility of paying from their bank accounts and receiving payment in their acquiring bank.
Customized Welcome Kit with QR code and stand for Merchants.

For Customer:

Allows customers to pay directly from their bank account or wallets to merchant’s account.
All payments are instant and 24/7, regardless of Bank's working hours.
Ease of payment anywhere, anytime.

	UPI EASY ACCOUNT
	Average Balance Requirements	UPI EASY ACCOUNT
	Average Balance Requirements	AQB
	Metro & Urban branches	Nil
	Semi urban & Rural branches	Nil
	Charges for Non-Maintenance	Nil
	Initial Funding Requirement	Nil
	Transaction Charges
	Credit Transactions - Free limits/month (through UPI application only)	Unlimited
	Cash Deposit Transactions - Free limits/month	Base Branch: 1 lakh Non-base Branch: No Free Limit
	Cash Deposit Transactions - Charges beyond Free limit	3 /- per 1000/-
	Cash Withdrawal (Base Branch) - Free Limit/month	Base Branch:1 lakhs
	Cash Withdrawal (Non-base Branch) - Free Limit/month	Non-base Branch:50,000/-
	Cash Withdrawal (Non-base Branch) - Charges beyond Free Limit	2/- per 1,000/-
	Local Cheque Collection and Payments at Base Branch Location & Fund Transfer	Free
	Account Maintenance - Free Limit	50 transactions per quarter(Cash, Clearing, Inter & Intra-Bank Transfer)
	Account Maintenance - Charges beyond Free Limit	10/- per transaction
	DD/PO Issuance
	Demand Drafts Payable at own Bank Locations	Upto 10,000/- 50/- Above 10,000/- 4/- per 1,000/- (Min 50/- Max 1000/-)
	Revalidation	100/- per instance
	Duplicate DD Issuance	100/- per instance
	DD/PO Cancellation	100/- per instance
	Cheque Book
	Free Leaves	One cheque book free per quarter (10 leaves)
	Charges Beyond Free Limit	2/- per leaf (20/- per cheque book)
	Payment Services
	RTGS Inward/Outward	Free
	NEFT Inward/Outward	Free
	IMPS Payments	Upto1 lakh -5/- Above 1 lakh upto 2 lakhs - 15/-
	Doorstep Banking Services
	Cash Pickup	Not Available
	Documents/ Cheques/ DDs Pickup	Not Available
	Phone/Mobile Banking
	Phone Banking	Free
	SMS Alerts	Free
	Other Charges
	Outstation Cheque Collection Fees at own locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/-
	Outstation Cheque Collection Fees at Correspondent Bank locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/- (Plus other bank charges)
	Cheque Return Charges (Outward and Inward)	200/- per cheque
	Physical Account Statements (Quarterly)	Free
	Email Account Statements (Quarterly)	Free
	Stop Payment Instructions	100/- per instrument
	Signature Verification/Address Confirmation	100/- per instance
	Balance Certificate	100/- per instance
	Confidential Report/Credit Confirmation	Free
	Solvency Attestation	100/- per instance
	Photo Attestation	Free
	Activation of Inoperative Account	Free
	Account Related Charges
	Account Closure	Within 14 days - Nil After 14 days to 12 months- 500/- Above 12 months:250/-

For complete details on Fees and Charges effective from 01st Jan 2023 click here

What is UPI?

Unified payment Interface (UPI) is a payment system developed by National Payment Corporation of India (NPCI). It is a platform where customer can fetch and place all his accounts maintained with different banks and transact through these accounts. UPI allows customer to transfer money between any two parties via smart phone through a payment identifier like virtual address or Account number and IFSC.

Can an individual open a UPI Easy Account?

Yes, an Individual can open UPI Easy Account. Please visit branch for more details.

How many free Cheque leaves do I get?

You get 10 cheque leaves per quarter.

Do I need to register for UPI facility?

Yes, you can register for UPI through the Utkarsh UPI App available on Google Play store & iOS.

Can I use more than one UPI application on the same phone?

Yes, one can use more than one UPI application on the same phone and link accounts of any Bank registered with UPI.

What if my account is debited but the transaction fails?

Within a few minutes, the amount would be returned to you. In case of any further issues, please log a complaint to the customer care.

Can I send money to someone who is not registered on UPI?

Yes. Payment can be made via IFSC/ Account number or MMID/ Mobile number of the beneficiary.

I can’t access my corporate UPI Easy Account. Please help.

Yes, Please visit your nearest Utkarsh Small Finance Bank branch or call 1800-123-9878, 24×7 (Except National Holidays) for more details.

Benefits
For Merchants:

Instant receipt of payment with instantaneous settlement.

A faster and smoother mode of payments for merchants.

Merchants can use this account towards collection of proceeds for transactions happening through the QR codes.

Allowing merchant’s consumer to directly pay through their digital wallets, in addition to the facility of paying from their bank accounts and receiving payment in their acquiring bank.

Customized Welcome Kit with QR code and stand for Merchants.
For Customer:

Allows customers to pay directly from their bank account or wallets to merchant’s account.

All payments are instant and 24/7, regardless of Bank's working hours.

Ease of payment anywhere, anytime.

Fee and Charges

	UPI EASY ACCOUNT
	Average Balance Requirements	UPI EASY ACCOUNT
	Average Balance Requirements	AQB
	Metro & Urban branches	Nil
	Semi urban & Rural branches	Nil
	Charges for Non-Maintenance	Nil
	Initial Funding Requirement	Nil
	Transaction Charges
	Credit Transactions - Free limits/month (through UPI application only)	Unlimited
	Cash Deposit Transactions - Free limits/month	Base Branch: 1 lakh Non-base Branch: No Free Limit
	Cash Deposit Transactions - Charges beyond Free limit	3 /- per 1000/-
	Cash Withdrawal (Base Branch) - Free Limit/month	Base Branch:1 lakhs
	Cash Withdrawal (Non-base Branch) - Free Limit/month	Non-base Branch:50,000/-
	Cash Withdrawal (Non-base Branch) - Charges beyond Free Limit	2/- per 1,000/-
	Local Cheque Collection and Payments at Base Branch Location & Fund Transfer	Free
	Account Maintenance - Free Limit	50 transactions per quarter(Cash, Clearing, Inter & Intra-Bank Transfer)
	Account Maintenance - Charges beyond Free Limit	10/- per transaction
	DD/PO Issuance
	Demand Drafts Payable at own Bank Locations	Upto 10,000/- 50/- Above 10,000/- 4/- per 1,000/- (Min 50/- Max 1000/-)
	Revalidation	100/- per instance
	Duplicate DD Issuance	100/- per instance
	DD/PO Cancellation	100/- per instance
	Cheque Book
	Free Leaves	One cheque book free per quarter (10 leaves)
	Charges Beyond Free Limit	2/- per leaf (20/- per cheque book)
	Payment Services
	RTGS Inward/Outward	Free
	NEFT Inward/Outward	Free
	IMPS Payments	Upto1 lakh -5/- Above 1 lakh upto 2 lakhs - 15/-
	Doorstep Banking Services
	Cash Pickup	Not Available
	Documents/ Cheques/ DDs Pickup	Not Available
	Phone/Mobile Banking
	Phone Banking	Free
	SMS Alerts	Free
	Other Charges
	Outstation Cheque Collection Fees at own locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/-
	Outstation Cheque Collection Fees at Correspondent Bank locations	(Charges per instrument) Upto & Including 5,000/- 25/- Above 5,000/- upto 10,000/- 50/- Above 10,000/- upto 1 lakh - 100/- Above 1 lakh upto 5 lakhs - 200/- Above 5 lakhs upto 10 lakhs - 225/- Above 10 lakhs - 250/- (Plus other bank charges)
	Cheque Return Charges (Outward and Inward)	200/- per cheque
	Physical Account Statements (Quarterly)	Free
	Email Account Statements (Quarterly)	Free
	Stop Payment Instructions	100/- per instrument
	Signature Verification/Address Confirmation	100/- per instance
	Balance Certificate	100/- per instance
	Confidential Report/Credit Confirmation	Free
	Solvency Attestation	100/- per instance
	Photo Attestation	Free
	Activation of Inoperative Account	Free
	Account Related Charges
	Account Closure	Within 14 days - Nil After 14 days to 12 months- 500/- Above 12 months:250/-

For complete details on Fees and Charges effective from 01st Jan 2023 click here

FAQS

What is UPI?

Unified payment Interface (UPI) is a payment system developed by National Payment Corporation of India (NPCI). It is a platform where customer can fetch and place all his accounts maintained with different banks and transact through these accounts. UPI allows customer to transfer money between any two parties via smart phone through a payment identifier like virtual address or Account number and IFSC.

Can an individual open a UPI Easy Account?

Yes, an Individual can open UPI Easy Account. Please visit branch for more details.

How many free Cheque leaves do I get?

You get 10 cheque leaves per quarter.

Do I need to register for UPI facility?

Yes, you can register for UPI through the Utkarsh UPI App available on Google Play store & iOS.

Can I use more than one UPI application on the same phone?

Yes, one can use more than one UPI application on the same phone and link accounts of any Bank registered with UPI.

What if my account is debited but the transaction fails?

Within a few minutes, the amount would be returned to you. In case of any further issues, please log a complaint to the customer care.

Can I send money to someone who is not registered on UPI?

Yes. Payment can be made via IFSC/ Account number or MMID/ Mobile number of the beneficiary.

I can’t access my corporate UPI Easy Account. Please help.

Yes, Please visit your nearest Utkarsh Small Finance Bank branch or call 1800-123-9878, 24×7 (Except National Holidays) for more details.