What is the maximum & minimum amount of FD booking through the platform?

Currently, customers can book an FD of amount ₹1,000 to up to ₹100,000 for one FD through UPI payment mode. Customers can book multiple such FDs; there is no limit on the number of FDs that can be created. Through netbanking, users can make booking up to the limit supported by your bank for such transactions.

I am an existing Savings Account Customer with Utkarsh. Can I book the Digital Fixed Deposit?

Yes, you can book digital fixed deposit.

What are the ways to fund the Digital Fixed Deposit with Utkarsh SFB?

Customers can make payment to book FD via UPI.

Can I open more than one Digital Fixed Deposit?

Yes you can create more than one digital fixed deposit.

Is the pre-mature withdrawal allowed in Digital Fixed Deposits?

Yes, premature withdrawal is allowed in Digital Fixed Deposits. You can request withdrawal from your FD details in the holdings section.

What are the interest payment payout and maturity instructions options available?

Currently Utkarsh SFB supports interest payout at maturity only.

Is there any risk in Digital Fixed Deposit?

No, there are no risks in Digital FDs. Digital FDs are non-market-linked instruments, which means the returns they provide do not depend on any capital market involvement. Since the interest rates on Digital FD are pre-fixed, there is no element of surprise or risk. What you see is what you get with Digital Fixed Deposits.

What happens when Digital Fixed Deposit matures?

Maturity Amount will be credited back to the account added as beneficiary detail for the Fixed deposit.

Are there any premature charges in the Digital Fixed Deposit?

Yes, premature withdrawals attract a 1% penalty on applicable interest for the tenure for which the amount was invested with the bank.

Will saving accounts be required in our Utkarsh Small Finance Bank?

No, there is no need to have a Saving Account in Utkarsh Small Finance Bank to open a Digital FD.

How will the amount be refunded in case the application gets rejected?

The funded amount will be refunded back to the depositor after 3 working days without any interest, through NEFT/RTGS/UPI mode. However, the customer may submit an alternative bank details for fund transfer by authorizing for such transfer and applying for this request through support services.

How is Digital FD different from booking Online FD?

Digital FD is available for the customers who do not have any existing relationship with the Bank.

Utkarsh Small Finance Bank

Withdraw Anytime

Returns Upto8.50%
Tenure1M - 60M
RBI’s DICGC Insurance Upto₹5L

Your FD security is # 1 priorityRBI-backed DICGC Insured up to ₹5L

Reasons to invest

RBI-Regulated & Insured RBI-regulated bank with deposits DICGC insured up to ₹5 Lakh.
Business Scale Founded in 2009, operating 1,000+ branches across 25+ states, serving over 50 Lakh customers with an AUM of ₹19,332 Crore.
Financial Performance Reported an operating profit of ₹56 Crore in FY2026, which includes ₹12 Crore generated in Q4 FY2026.
Capital Adequacy Reported a Capital Adequacy Ratio (CAR) of 17.7% as of March 31, 2026, strengthened by a ₹950 Crore rights issue in FY2026.

RBI-Regulated & Insured RBI-regulated bank with deposits DICGC insured up to ₹5 Lakh.
Business Scale Founded in 2009, operating 1,000+ branches across 25+ states, serving over 50 Lakh customers with an AUM of ₹19,332 Crore.
Financial Performance Reported an operating profit of ₹56 Crore in FY2026, which includes ₹12 Crore generated in Q4 FY2026.
Capital Adequacy Reported a Capital Adequacy Ratio (CAR) of 17.7% as of March 31, 2026, strengthened by a ₹950 Crore rights issue in FY2026.

Key highlights

< 5L Insured by RBI Subsidiary
Your fixed deposit is insured up to 5L per bank by DICGC, 100% subsidiary of RBI
Withdraw anytime after 7 days
You can pre-mature your FD anytime after 7 days without any lock-in
Strong rating - ICRA A1
Your FD is issued by a RBI regulated entity which has a strong rating, indicating very low probability of defaults

Popular Choice

All Available Tenures

Compare FD returns of Top Banks vs Utkarsh SFB

7.10%

7.05%

7.25%

8.50%

HDFC

SBI

Axis

Utkarsh SFB

About Utkarsh Small Finance Bank

Present across 25 states with over 1,000 branches, Utkarsh manages ₹19,332 crore in assets for 50 lakh customers. Founded in 2009, the bank recently reinforced its balance sheet with a ₹950 Crore rights issue in FY2026 while ensuring a 17.7% capital adequacy ratio.

Disclaimer: Interest rates shown are the highest rates available under cumulative deposits for the Individual category, including senior citizen rates where applicable, across all tenures. Rates are set by the issuer and may change.

Frequently asked questions

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