Private
NA
DICGC
6.75%
Interest for 3 years
Note: All interest rates shown below are as on 2nd May 2022
Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
---|---|---|
7 days - 1 month 14 days | 3% | 3.5% |
1 month 15 days - 2 months 29 days | 3.25% | 3.75% |
2 months 30 days - 5 months 27 days | 4% | 4.5% |
5 months 28 days - 11 months 29 days | 5.75% | 6.25% |
1 year - 1 year 10 months 29 days | 6.5% | 7% |
1 year 10 months 30 days - 4 years 11 months 28 days | 6.75% | 7.25% |
2 years 8 months 24 days - 2 years 8 months 24 days | 6.9% | 7.4% |
4 years 11 months 29 days - 9 years 11 months 27 days | 6% | 6.5% |
Incorporated in 2009, Utkarsh Micro Finance Limited received the small finance bank (SFB) licence from the Reserve Bank of India (RBI) in November 2016 and completed the conversion to a bank in January 2017. It is promoted by Mr. Govind Singh, who was earlier the business head of micro banking at ICICI Bank. Operating in 18 states as on March 31, 2021, the bank offers deposits, microfinance loans, MSME loans, affordable housing loans and corporate loans.
3% - 6.9%
FD Rate
3.5% - 7.4%
FD Rate for Seniors
₹ 1000
Minimum Deposit
₹ 2 Crores
Maximum Deposit
days
-
FD Tenure
-
NA
Flexible tenure & partial withdrawal facility, without the hassle of opening a savings account.
Investment Amount | For 3 years with interest of 6.75% | For 5 years with interest of 6% |
---|---|---|
₹ 50,000 | ₹61188 | ₹67443 |
₹ 1 lakh | ₹122377 | ₹134885 |
₹ 2 lakh | ₹244753 | ₹269770 |
₹ 5 lakh | ₹611883 | ₹674425 |
₹ 10 lakh | ₹1223766 | ₹1348850 |
Use FD calculator to change values and compare your returns from top banks.
Maturity Amount | ₹106697 | ₹ 105326 |
Total Investment Amount | ₹ 100000 | ₹ 100000 |
Total Interest Gained | ₹6697 ₹6697 | ₹ 5326 |
Income Tax on Wealth Gained | ₹ 12898 | ₹ 13092 |
Bank Name | FD Interest Rates |
---|---|
5.2% - 5.7% | |
5.1% - 5.6% | |
5.35% - 5.85% | |
5.65% - 6.15% | |
5.2% - 5.95% | |
5.3% - 5.8% | |
5.4% - 6.05% | |
5% - 5% | |
5.3% - 5.8% | |
5.25% - 5.75% |
₹ 100000
Total Investment
₹6697
Wealth Gained
₹6697
Wealth Gained
₹106697
Maturity Amount
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