Utkarsh Small Finance Bank Revises FD Rates; Now Offers Up To 8.75%

Here are the revised Utkarsh Small Finance Bank FD rates for deposits of less than ₹2 Crore:

• On deposits maturing in 7 days to 45 days, Utkarsh Small Finance Bank is offering an interest rate of 4% for non-senior citizens and 4.75% for senior citizens.

• For FDs with a tenure of 46 days to 90 days, the bank is offering an interest rate of 4.25% to the general public, and 5% to senior citizens.

• Utkarsh Small Finance Bank will now offer an interest of 5% on deposits with a tenure of 91 days to 180 days. Senior citizens will be offered an interest rate of 5.75% on FDs with the same tenure.

• On FDs maturing in 181 days to 364 days, the bank will now provide interest at the rate of 6% to non-senior citizens and 6.75% to senior citizens.

• Deposits maturing in 365 days to 699 days will now earn interest at the rate of 7.50%. Senior citizens will earn interest at the rate of 8.25% on deposits with the same maturity period.

• Utkarsh Small Finance Bank FDs with a maturity period of 700 days will now earn interest at the rate of 8%. The interest rate for such FDs will be 8.75% for senior citizens.

• For FDs maturing in 701 days to 5 years, the bank will now offer an interest rate of 7.50% to the general public, and 8.25% to senior citizens.

• Fixed deposits with a tenure above 5 years and up to 10 years will be offered an interest rate of 6.25% for the general public, and 7% for senior citizens.

These revised Utkarsh Small Finance Bank FD rates are valid for both new FDs and renewals of existing FDs.

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