Utkarsh Small Finance Bank FD Interest Rates

Utkarsh Small Finance Bank is a scheduled commercial bank regulated by the Reserve Bank of India (RBI). As of May 2026, the bank offers industry-leading interest rates, with the highest FD rate reaching 8.50% p.a. for regular customers and 9.10% p.a. for senior citizens on select tenures (2 to 3 years and 1500 days). 

If you are a high-value investor looking to invest a minimum of ₹1 crore (up to ₹3 crore), you get even better interest rates with the bank’s “FD Plus” scheme. The latest Utkarsh Small Finance Bank FD rates 2026 for this scheme are 8.75% p.a. for general customers and 9.35% p.a. for senior citizens for the 2 to 3-year tenure.

Apart from this, tax-saver FDs carry highly competitive interest rates of 7.50% p.a. for regular customers and 8.10% p.a. for senior citizens for a 5-year period. 

Want to invest? In this article, let’s check out the latest Utkarsh Small Finance Bank FD rates 2026 offered for different FD schemes.

Utkarsh Small Finance Bank FD Rates 2026 - Regular Customers

As of May 2026, Utkarsh Small Finance Bank offers its highest interest rate of 8.50% p.a. on regular domestic fixed deposits with a tenure of 2 years to 3 years, as well as a special 1500-day bucket. These rates are specifically for customers below 60 years of age.

These deposits come with a premature withdrawal option, subject to a 1% penalty, and you can avail of a loan against these FDs. Below are the latest Utkarsh Small Finance Bank FD rates 2026 for domestic deposits below ₹3 crore:

Tenure	Interest Rate (% p.a.)
7 Days to 45 Days	4.00%
46 Days to 90 Days	4.75%
91 Days to 180 Days	5.50%
181 Days to 364 Days	6.50%
365 Days to 699 Days	8.00%
700 Days to < 2 Years	8.25%
2 Years to 3 Years	8.50% (Highest)
1500 Days	8.50% (Highest)
Above 5 Years to 10 Years	7.25%

Note: The above interest rates are valid as of May 2026. Rates are subject to change; please verify the latest rate before investing.

Some Important Points You Must Know!

• Premature Withdrawal Penalty: A 1% penalty is applied to the interest rate (the lower of the applicable rate for the actual tenure or the original booked rate).
• 7-Day Rule: No interest is paid if the deposit is withdrawn within 7 days of booking.
• Interest Payouts: For tenures below 181 days, simple interest is paid at maturity. For longer tenures, interest is compounded quarterly.
• TDS Rules: Interest earned is subject to TDS as per Income Tax laws (10% with PAN, 20% without PAN).

Utkarsh Small Finance Bank FD Rates for Senior Citizens

Senior citizens (60 years and above) receive an additional interest rate of 0.60% p.a. at Utkarsh Small Finance Bank. As of May 2026, senior citizens enjoy a peak interest rate of 9.10% p.a. for tenures of 2 to 3 years and 1500 days.

Please note that these rates apply to domestic deposits under ₹3 crore. Check out the latest Utkarsh Small Finance Bank FD rates for senior citizens below:

Tenure	Interest Rate (% p.a.)
7 Days to 45 Days	4.60%
46 Days to 90 Days	5.35%
91 Days to 180 Days	6.10%
181 Days to 364 Days	7.10%
365 Days to 699 Days	8.60%
700 Days to < 2 Years	8.85%
2 Years to 3 Years	9.10% (Highest)
1500 Days	9.10% (Highest)
Above 5 Years to 10 Years	7.85%

Note: These rates are valid as of May 2026 and offer retirees an excellent non-market-linked fixed income option.

Utkarsh Small Finance Bank FD Rates 2026 - FD Plus Scheme

The FD Plus scheme is a non-callable deposit (no premature withdrawal permitted) designed for high-value investments between ₹1 crore and less than ₹3 crore. Because these funds are locked in, the bank offers even higher yields.

Tenure	General Customers	Senior Citizens
365 Days to 699 Days	8.25%	8.85%
700 Days to < 2 Years	8.50%	9.10%
2 Years to 3 Years	8.75% (Peak)	9.35% (Peak)
1500 Days	8.75% (Peak)	9.35% (Peak)

Utkarsh Small Finance Bank - Tax-Saver FD

The Tax-saver FD is a 5-year fixed deposit that allows you to claim deductions up to ₹1.5 lakh per financial year under Section 80C. For 2026, the rates are:

Tenure	General Customers	Senior Citizens
5 Years	7.50% p.a.	8.10% p.a.

Important Tax-Saver Conditions

• Lock-in: Strict 5-year lock-in period; no premature withdrawal or loan facility is allowed.
• Investment Limits: Minimum ₹1,000; Maximum ₹1,50,000 per financial year.
• Safety: Your principal and interest are insured up to ₹5 lakhs by DICGC.

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