Utkarsh Small Finance Bank New Revised Interest rates on FD
The Utkarsh Small Finance Bank is a new player in the Indian banking sector that has entered recently. They have reconstructed their fixed deposit (FD) interest rates. These revised rates come at a moment when most of the banks in the sector have been increasing their deposit rates so that they can attract more and more customers. With the new revised rates, Utkarsh Small Finance Bank is now able to offer very attractive rates on FDs to their customers. The revised rates are effective May 1, 2024, according to the website. All the revised rates are applied to fresh fixed deposits and also to the renewal of existing FDs.
Utkarsh Small Finance Bank Interest Rates for the General Public
For the regular citizen Utkarsh Small Finance Bank offers interest rates that range from 4% to 8.50% for fixed deposits maturing between 7 days and 10 years. The best interest rates will be offered at 8.50% if the FD is maturing between 2 and 3 years.
Utkarsh Small Finance Bank: Special Interest Rates for Senior Citizens
Utkarsh Small Finance Bank has also offered a special rate of interest for senior citizens; the interest rates range from 4.6% to 9.10%. The bank will offer the highest interest rates if the FD is maturing between 2 and 3 years for senior citizens.
Utkarsh Small Finance Bank Fixed Deposits Interest for Small Duration
The bank has also offered an interest rate of 4% on fixed deposits that are going to mature between 7 days and 45 days. And a 4.75% interest rate if the FD is maturing between 46 days and 90 days.
