What is the minimum amount for the Utkarsh SF Bank tax saver fixed deposit?

The minimum amount to book Utkarsh SF Bank tax saver FD is ₹1,000. You can choose any amount between the minimum amount and ₹1.5 lakh to book this FD with the bank.

Is premature withdrawal allowed for Utkarsh SF Bank tax saver FD?

This FD has a lock-in period of 5 years to help depositors claim tax deductions under Section 80C. As a result, premature liquidation or partial withdrawal is not allowed for this FD.

What is the difference between FD and tax saver FD?

A regular FD does not allow depositors to avail tax deductions under Section 80C, which a tax saver FD allows. In addition, a regular FD usually allows premature or partial withdrawal at an applicable penalty while a tax saver FD does not allow premature liquidation.

What is Utkarsh Bank Tax Saver Fixed Deposit?

Utkarsh Bank Tax Saver Fixed Deposit is a 5-year fixed deposit scheme that allows you to save taxes under Section 80C of the Income Tax Act while earning competitive interest rates.

What documents are required to open a Tax Saver Fixed Deposit account?

You will need to provide KYC documents such as proof of identity, address, and other necessary documentation to open the account.

Utkarsh Bank Tax Saver Fixed Deposit 2025

Name: Utkarsh Bank Tax Saver Fixed Deposit
Brand: FD Schemes
Rating: 4.8 (14531 reviews)

Utkarsh Bank Tax Saver Fixed Deposit allows depositors to claim tax deductions under Section 80C during a financial year. Conservative as well as seasoned investors can invest in this FD for a secured interest income while availing tax benefits.

Check out the interest rates and book your FD at a competitive rate via Stable Money!

Features of Utkarsh Bank Tax Saver Fixed Deposit

Here are the features of Utkarsh Small Finance Bank tax saver FD:

It comes under provisions for Income Tax deduction under Section 80C of the Income Tax Act, 1961.
The first holder can avail tax benefits in case of joint holding deposits.
Premature liquidation, partial withdrawal, overdraft and loan facilities are restricted due to a 5-year lock-in period.
The maximum amount of deposit is ₹1.5 lakh as per Section 80C.
The minimum amount of deposit is ₹1,000.

Benefits of Utkarsh Bank Tax Saver Fixed Deposit

Here are the benefits that depositors can reap from this FD:

As a depositor, you can claim annual tax deductions under Section 80C up to ₹1.5 lakh.
Senior citizens can reap the benefits of higher interest rates and income.
You can choose the interest payout options as monthly (at a discounted rate), quarterly or at maturity.
Depositors can avail the nomination facility.

Interest Rates of Utkarsh Bank Tax Saver Fixed Deposit

Resident individuals eligible to book this FD can avail the following Utkarsh Bank Tax Saver FD interest rates as of 12^th February, 2025:

Citizen Type	Tenure	Utkarsh Small Finance Bank Tax Saver FD Rates
Non-senior Citizens	5 Year Lock-in	7.50%
Senior Citizens	5 Year Lock-in	8.10%

Why Should You Choose Stable Money to Book Utkarsh Bank Tax Saver FD?

Stable Money allows you to open Utkarsh SF bank tax saver fixed deposit directly from its app 24*7 with customer support and assistance. You can access the app from any place at any time to book this FD at your convenience. As a depositor, you will receive an FD (Fixed Deposit) receipt from Utkarsh Bank on a successful booking with Stable Money. You can use this receipt to claim tax deductions under Section 80C of the Income Tax Act, 1961.