How to Open Utkarsh Small Finance Bank Fixed Deposit Account

Fixed Deposits (FDs) have long been considered one of the most trusted and secure forms of investment in the financial domain. Utkarsh Small Finance Bank, with its rich history and substantial growth over the years, offers attractive FD schemes.

This article provides a step-by-step guide on how to open an FD account with Utkarsh Small Finance Bank, the eligibility criteria, the essential documents required, and answers to some frequently asked questions.

For a depositor who is an existing account holder of the bank (having savings or current account) fixed deposit can be opened using the following procedure:

By login into Internet banking

Step 1: Visit the Utkarsh Small Finance Bank website and navigate to the “Personal Login” tab. Provide username and password to log in.
Step 2: Go to the “Fixed Deposit Tab”
Step 3: Enter all the details.
Step 4: Verify details and click confirm. A confirmation message will be displayed on the screen.

By using a Mobile App

Step 1: Download the Utkarsh Small Finance Bank Mobile App and log in using your credentials.
Step 2: Select the 'Open FD' option from the app's main menu.
Step 3: Choose the type of deposit account you want to open based on your preferences and requirements.
Step 4: Provide all the necessary details, including your personal information, nominee details, and payment and maturity instructions.
Step 5: After you have verified all the details, click on the 'Confirm' button to complete the transaction.
Step 6: Once the transaction is completed, you should receive a confirmation message on the screen indicating that your FD account has been opened.

Offline Mode

Step 1: Visit the nearest branch office of Utkarsh Small Finance Bank
Step 2: Ask for a Fixed Deposit Application Form and fill in all the details.
Step 3: Submit all the documentary proofs.
Step 4: Deposit the money.
Step 5: Collect the Fixed Deposit Receipt.

The following are eligible to open a fixed deposit with Utkarsh Small Finance Bank:

• Any person in his capacity or more than one person in their joint name, any minor jointly with a guardian, can open a deposit with the Utkarsh Small Finance Bank.
• Hindu Undivided Family (HUF)
• Sole proprietorship firms
• Partnership firms
• Limited company
• Trust accounts

Proof of identity

• PAN card
• Driving licence
• Passport
• Voter ID card
• Aadhaar card
• Government/Defence ID card.

Proof of residence

• Aadhaar card
• Electricity bill
• Telephone bill
• Ration card
• Bank account statement
• A letter from statutory authority/local body, Income Tax Order.

Proof of date of birth

• Passport, Voter ID card, driving licence, PAN card, Service Discharge Certificate, and PPO in case of a pensioner.
• In case of minors: Birth certificate issued by Gram Panchayat/ Notified Area Committee/Municipal Corporation.
• Depositor's recent passport-size photograph.