Utkarsh Small Finance Bank Senior Citizen FD

Utkarsh Small Finance Bank senior citizen FD scheme offers competitive peak interest rates of 7.75% on Tax Saver FD, 8.40% on FD Plus scheme (₹1 crore to ₹3 crore), and 8.15% on regular domestic FDs (as of August 8, 2025). All these rates are 0.50% higher than the general customer rates. It is a popular choice among senior citizens who want to earn non-market-linked returns. 

The bank received its banking license from the Reserve Bank of India (RBI) on November 25, 2016, and currently operates as a scheduled commercial bank. Furthermore, all deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh per depositor.

If you are planning to invest in Utkarsh Small Finance Bank FD for senior citizens, read this article till the end to understand what the Utkarsh Senior Citizen FD scheme is, its key features, and the latest applicable interest rates.

What is Utkarsh Small Finance Bank Senior Citizen FD Scheme?

This fixed deposit scheme is specifically designed for Indian residents aged 60 years and above. It offers higher interest rates than regular FDs and is available for multiple tenures. For a better understanding, let’s check out some of its key features:

Feature	Details
Bonus Rate	0.50% p.a. more than the general rate
Highest Interest Rate	8.15% p.a. for a tenure of 2 years (730 days) to 3 years (1095 days) (domestic FD scheme)
Tenure Options	From 7 days to 10 years
Minimum Deposit	₹1,000
Interest Payout	Monthly Quarterly At maturity
Premature Withdrawal	Allowed with a penalty of about 1% on the applicable interest rate.
Loan Facility	Loans can be taken against the FD without breaking it.
Nomination Facility	Available, and you can nominate a person to receive the proceeds in case of the depositor’s death.
Taxation	Interest is subject to TDS as per the Income Tax Act. Senior citizens can submit Form 15H to avoid TDS (if eligible).
Auto-renewal	Allowed for the same tenure when chosen.

Note: The above interest rates and other information are valid as of August 8, 2025. The interest rate mentioned is subject to change, so please verify the latest rate before investing.

Invest online in the Utkarsh Small Finance Bank senior citizen FD scheme. No branch visits required. Book your FD via the GoldenPi platform today!

Latest Utkarsh Small Finance Bank FD Interest Rates for Senior Citizens 2025

Utkarsh Small Finance Bank offers two types of FD schemes for senior citizens: FD Plus and

Domestic Fixed Deposits. In FD Plus, you must make a minimum investment of ₹1 crore. The interest rates are also higher, but premature withdrawal is not allowed. Whereas, in Domestic FDs, you can withdraw before maturity, but rates are slightly lower. 

In both Utkarsh Small Finance Bank senior citizen FD schemes, senior citizens receive an additional 0.50% p.a. interest over the general customer rates. Let’s check out the latest rate cards below:

A) Utkarsh Small Finance Bank FD Interest Rates for Senior Citizens - Domestic FDs

Utkarsh Small Finance Bank offers Domestic FDs for amounts less than ₹3 crore. You can withdraw your FD before maturity after paying a penalty of 1%. Check out the latest rates below:

Tenure (Deposit Period)	Interest Rate (% per year)
7 days to 45 days	4.50%
46 days to 90 days	5.00%
91 days to 180 days	5.50%
181 days to 370 days	6.50%
371 days to less than 2 years (729 days)	7.75%
2 years (730 days) to 3 years (1095 days)	8.15% (highest)
Above 3 years to less than 4 years	8.00%
4 years (1461 days) to 5 years (1826 days)	7.75%
Above 5 years to 10 years	7.50%

Note: The above interest rates and other information are valid as of August 8, 2025. This rate is subject to change, so please verify the latest rate before investing.

Some Key Points

• The highest interest rate offered is 8.15% p.a. for a tenure of 2 years (730 days) to 3 years (1095 days).
• The shortest FD you can open is 7 days, and the maximum tenure is 10 years.
• If you close your FD within 7 days of opening, you get no interest.
• If you break the FD after 7 days, the bank will pay 1% less interest than the applicable rate.
• Interest earned is subject to TDS as per Income Tax rules.
• For FDs below 181 days, interest is calculated as simple interest and paid at maturity.
• You can take interest every month at a slightly lower rate (discounted as per RBI rules).

B) Utkarsh Small Finance Bank FD Interest Rates for Senior Citizens - FD Plus Scheme

Are you a high-net-worth individual (HNI)? If you are looking to invest between ₹1 crore and ₹3 crore, Utkarsh Small Finance Bank runs a special “FD Plus” scheme. It offers better interest rates than domestic FDs but does not allow premature withdrawal. You cannot take out your money before maturity. 

Let’s check out the latest Utkarsh Small Finance Bank fixed deposit interest rates for senior citizens on the FD plus scheme:

Tenure (Deposit Period)	Interest Rate (% per year)
7 days to 45 days	4.50%
46 days to 90 days	5.00%
91 days to 180 days	5.50%
181 days to 370 days	6.50%
371 days to less than 2 years (729 days)	8.00%
2 years (730 days) to 3 years (1095 days)	8.40% (highest)
Above 3 years to less than 4 years	8.25%
4 years (1461 days) to 5 years (1826 days)	8.00%
Above 5 years to 10 years	7.75%

Note: The above interest rates and other information are valid as of August 8, 2025. This rate is subject to change, so please verify the latest rate before investing.

Some Key Points

• The best rate for seniors is 8.40% p.a., offered for a tenure of 2 to 3 years.
• You must invest more than ₹1 crore (minimum deposit) but less than ₹3 crore (maximum deposit).
• You cannot take out your FD money before maturity under normal circumstances.
• The only exceptions are if a government/regulatory authority orders it or if the FD holder passes away and the claim is being settled.
• If you prefer to invest more than ₹3 crore, contact your nearest branch.

C) Utkarsh Small Finance Bank FD Interest Rates for Senior Citizens - Tax Saving FD

If you want to save tax + earn fixed returns, Utkarsh Small Finance Bank offers tax-saver FDs. As per Section 80C of the Income Tax Act, 100% of the amount invested in this FD is eligible for “deduction” up to ₹1.5 lakhs in a financial year.

As of August 8, 2025, Utkarsh Small Finance Bank is offering 7.75 % p.a. on a tenure of 5 years to senior citizens.

Invest in Utkarsh Small Finance Bank FD for Senior Citizens Online via GoldenPi

As of August 8, 2025, Utkarsh Small Finance Bank is offering competitive FD rates in the market for senior citizens that go up to 8.15% p.a. (8.40% p.a. for the FD Plus scheme). The bank is regulated by the Reserve Bank of India (RBI), and all deposits are covered under DICGC insurance for up to ₹5 lakh per depositor. 

If you want to lock in these attractive rates from the comfort of your home, you can book your Utkarsh Small Finance Bank FD for senior citizens online through the GoldenPi platform. Start the FD booking process from here!