Utkarsh Small Finance Bank presents appealing fixed deposit rates for its clients. The bank offers a spectrum of interest rates based on the deposit's tenure and whether the depositor is an ordinary customer or senior citizen.

For a tenure ranging from 7 days to 1 month 14 days, the interest rate stands at 4% for normal citizens and 4.6% for seniors. As the duration extends, the rates elevate, peaking at 8.5% for ordinary citizens and 9.1% for seniors, applicable for tenures between 2 years and a day short of 3 years.

Established in 2009, Utkarsh Small Finance Bank was awarded the small finance bank license by the Reserve Bank of India in 2016. The bank offers a variety of financial services including deposits, microfinance loans, MSME loans, affordable housing loans, and corporate loans.

With an outset of ₹1000, customers can initiate a fixed deposit account. There is no stipulated maximum deposit limit. The bank offers flexible tenures and options for partial withdrawals, enhancing convenience for its customers.

Utkarsh Small Finance Bank provides an informative table showcasing the returns on investment with varying investment amounts and corresponding maturity values after three and five years. For instance, investing ₹50,000 at 8.3% results in a maturity amount of ₹64,082 after three years.

By utilizing the FD calculator on the bank's website, customers can compare fixed deposit rates offered by Utkarsh Small Finance Bank against other leading banks, facilitating informed decisions for their investment.

In summary, Utkarsh Small Finance Bank delivers competitive fixed deposit rates and diverse financial services. With options for flexible tenure and partial withdrawals, customers can effectively leverage fixed deposits without requiring a savings account.