Utkarsh Small Finance Bank
Make the most of your funds with FD! Utkarsh SFB and three other banks are currently offering attractive annual returns of up to 9.5%. Learn more about the details here.
The article highlights three Indian banks, including Utkarsh Small Finance Bank (SFB), that are offering attractive annual returns ranging from 8% to 9.5%. This is a great opportunity for investors to earn higher returns on their fixed deposits (FDs). Here’s a summary of the details:
- Utkarsh Small Finance Bank: Utkarsh SFB is offering an annual return of 9.5% for deposits of INR 50,000 to INR 1 crore with a tenure of 456 days.
- RBL Bank: RBL Bank is offering an annual return of 9.2% for deposits of INR 50,000 to INR 2 crore with a tenure of 1-5 years.
- Federal Bank: Federal Bank is offering an annual return of 8.5% for deposits of INR 50,000 to INR 1 crore with a tenure of 1-5 years.
To be eligible for these high-yield FDs, investors need to meet certain conditions, such as:
- Senior citizens: 65 years old or above
- Non-individuals: Corporates, partnerships, Limited Liability Partnerships (LLPs), and Non-Resident Indians (NRIs)
The interest rates offered by these banks are based on the quarterly rate of increase in the benchmark PMFL (Prime Lending Rate) and are subject to change.
Investors can enjoy additional benefits, such as:
- Liquidity: FDs are a low-risk savings instrument with principle protection
- Returns: Higher returns than traditional saving accounts or regular recurring deposits
- Tax benefits: Interest earned on FDs is tax-free up to INR 40,000 for senior citizens and up to INR 1.5 lakh for others
This is a great opportunity for investors to earn higher returns on their FDs. However, it’s essential to review the terms and conditions, interest rates, and other factors before making an investment decision.
Senior Citizens’ Federal Deductions: These banks offer a 9% interest rate to senior citizens, making it an ideal investment option for securing a comfortable retirement.
Senior citizens who have opted for the old tax regime can benefit from tax relief on the interest earned on Fixed Deposits (FDs) under Section 80C of the Income Tax Act. However, those who have chosen the new tax regime will not be eligible for tax relief on FD interest. Senior citizens face significant challenges in managing their expenses after retirement, as there is no guaranteed pension scheme and no provision for pension in the private sector.
To address this issue, some banks are offering high-interest rates on 5-year FDs, allowing senior citizens to earn a good interest income each month. For instance, Suryoday Small Finance Bank is offering 9.1% interest on FDs, while Unity Small Finance Bank is offering 8.65% interest. Other banks like North East Small Finance Bank and Utkarsh Small Finance Bank are offering 8.5% and 8.35% interest rates, respectively.
To be eligible for these high-interest rates, senior citizens must deposit an amount of less than Rs 3 crore for a 5-year FD. Furthermore, if they have chosen the old tax regime, they can claim tax relief on the interest earned on their FD under Section 80C. If they have opted for the new tax regime, they will not be eligible for this benefit. By considering an FD with one of these banks, senior citizens can earn a steady income and benefit from the interest rates offered.
Senior Citizens Can Earn a Competitive Return: 9.1% FD Rate for 5-year Tenure
For senior citizens looking to invest in a Fixed Deposit (FD), this may be a good opportunity to do so, as some banks are still offering attractive interest rates. Although the Reserve Bank of India (RBI) recently cut its repo rate by 25 basis points, some banks are still offering interest rates as high as 9.1% on 5-year FDs. Here are some banks that are currently offering high interest rates to senior citizens:
* Suryoday Small Finance Bank: 9.1% interest rate on 5-year FDs
* Unity Small Finance Bank: 8.65% interest rate on 5-year term FDs
* Northeast Small Finance Bank: 8.5% interest rate on 5-year FDs
* Utkarsh Small Finance Bank: 8.35% interest rate on 5-year fixed deposits
* Jana Small Finance Bank: 8.2% interest rate on 5-year FDs
In addition to earning interest on their FDs, senior citizens can also take advantage of tax benefits. Under the old tax regime, investing in 5-year FDs can provide a tax exemption of up to Rs 1.5 lakh under Section 80C. However, under the new tax regime, this exemption is not available. Senior citizens can also avail an exemption on interest income of up to Rs 50,000 every financial year under Section 80TTB.
It is important to note that deposits in small finance banks are insured up to Rs 5 lakh by the Deposit Insurance Credit Guarantee Corporation (DICGC). However, experts advise investors to carefully consider the risks and decide on the limit of their investment accordingly, as the business model of these banks may differ from traditional banks.
Overall, for senior citizens, investing in FDs can be a good way to earn a steady return, while also taking advantage of tax benefits. However, it is essential to carefully review the terms and conditions of the FD and assess the risks involved before making a decision.
Earn attractive returns with our fixed deposit products: 9% interest rate for all depositors, with a special offer of 9.5% for senior citizens.
The Reserve Bank of India (RBI) has cut its repo rate by 25 basis points, which is likely to lead to a decrease in bank interest rates in the future. This is a concern for investors in fixed deposits (FDs), particularly senior citizens, as they may not be able to benefit from higher interest rates in the long run. Small finance banks, which focus on serving underserved sectors, often offer attractive FD rates to attract deposits. These banks may offer better rates for senior citizens, exceeding 9% in some cases.
According to recent updates, the following small finance banks are offering the following FD rates:
* Unity Small Finance Bank: 4.50% to 9.50% for general public and 4.50% to 9.50% for senior citizens, with rates ranging from 7 days to 10 years
* Suryoday Small Finance Bank: 4.00% to 9.10% for general depositors and 4.50% to 9.10% for senior citizens, with rates ranging from 7 days to 10 years
* Utkarsh Small Finance Bank: 4.00% to 8.50% for general depositors and 4.60% to 9.10% for senior citizens, with rates ranging from 7 days to 10 years
Investors should compare the rates and terms offered by these small finance banks and consider the bank’s credibility and financial stability before investing. It’s essential to lock in higher interest rates before they decrease, as the RBI’s rate cut may lead to a decrease in bank interest rates in the future. Senior citizens, in particular, can benefit from the higher rates offered by these small finance banks.
Utkarsh Small Finance Bank Records ₹168 Crore Net Loss in Q3-results.
Utkarsh Small Finance Bank Ltd has reported a net loss of ₹168 crore for the quarter ended March 2025, compared to a net profit of ₹116 crore in the same quarter last year. The bank’s net interest income (NII) decreased by 0.5% to ₹480 crore due to slower loan growth. Gross non-performing assets (GNPA) and net NPA (NNPA) have increased to 6.17% and 2.5%, respectively, indicating asset quality pressures.
The bank’s gross loan portfolio grew 16.2% year-on-year (YoY) to ₹19,057 crore, with a higher proportion of secured loans increasing to 41%. Registrations rose 33.5% YoY to ₹20,172 crore, with retail term deposits growing 40.6% to ₹10,163 crore. The provision coverage ratio (including floating provisions) was 61%, indicating better liquidity management.
The bank’s pre-provision operating profit (PPoP) rose 8.1% YoY to ₹773 crore, but the profit after tax for the nine-month period of FY25 declined to ₹21 crore compared to ₹338 crore in 9M FY24 due to higher provisioning and regulatory influences on microfinance lending. The capital adequacy ratio (CAR) and Tier 1 capital stood at 21.10% and 17.94%, respectively, indicating the bank’s financial stability.
According to MD & CEO Govind Singh, the higher provisioning was necessary due to the tightening of credit supply for microbanking borrowers, but it will ultimately lead to long-term benefits for the sector. The bank has a strong network of 1,028 branches spanning 26 states and union territories, enhancing its market presence.
Utkarsh Small Finance Bank Reports Q3 Loss of Rs 168 Crores; Check the Microfinance Lender’s Quarterly Earnings Details
Here is a summary of the Utkarsh Small Finance Bank Q3 Results 2025:
Utkarsh Small Finance Bank, a microfinance lender, has announced its quarterly earnings for the third quarter of 2025, reporting a net loss of Rs 168 crore. The bank’s net loss registered a significant drop from the net profit of Rs 135 crore reported in the same period last year.
The bank’s total income for the quarter stood at Rs 446 crore, a 24% decrease from the same period last year. The bank’s interest income decreased by 29% to Rs 334 crore, while its non-interest income declined by 14% to Rs 112 crore.
The bank’s gross interest income for the quarter was Rs 343 crore, down 28% from the same period last year. The bank’s net interest income was Rs 249 crore, down 31% from the same period last year.
The bank’s provision for bad and doubtful advances (NPA) was Rs 45 crore, an increase of 44% from the same period last year. The bank’s net interest margin (NIM) for the quarter was 3.5%, down from 4.1% in the same period last year.
The bank’s asset quality continued to deteriorate, with gross non-performing assets (GNPAs) at 21.3% of the total loans and advances. The bank’s net NPA (NNPA) was 11.1%, up from 8.4% in the same period last year.
Despite the drop in profits, the bank’s deposit growth was healthy, with a growth of 14% year-on-year to Rs 6,306 crore. The bank’s total advances grew by 10% year-on-year to Rs 4,354 crore.
The bank’s overall performance was impacted by the rise in provisioning requirements due to the increased provisioning for bad loans. The bank has taken a charge of Rs 184 crore for provisioning, which was higher than the same period last year.
In a statement, the bank’s management said that the industry faces significant challenges, including the ongoing pandemic, economic uncertainty, and regulatory changes, which had an adverse impact on the bank’s performance.
Despite these challenges, the bank has taken steps to strengthen its balance sheet, improve its asset quality, and increase its provision coverage ratio. The bank aims to build a strong foundation to drive future growth and profitability.
Overall, the bank’s Q3 results were impacted by the challenging market conditions, but the bank’s management remains optimistic about its future prospects and prospects of the industry.
Unlock exceptional returns with Fixed Deposits: Earn up to 9.42% interest
The Reserve Bank of India (RBI) has reduced the repo rate to 6.25% after five years, which is likely to affect the interest rates offered by banks on fixed deposits (FDs). While the reduction in repo rate could lead to lower loan rates, it may also result in banks reducing their FD interest rates. Senior citizens can benefit from the interest rates offered by small finance banks, with Utkarsh Small Finance Bank offering 9.42% interest on deposits maturing in 1500 days and AU Small Finance Bank offering 8.88% interest on FDs maturing in 18 months. Other small finance banks, such as ESAF, Suryodaya, and Jana, also offer competitive rates ranging from 8.88% to 9.42%.
Major banks in India, including HDFC Bank, ICICI Bank, Axis Bank, and State Bank of India, offer interest rates ranging from 3% to 7.85% on FDs with durations varying from 1 day to 10 years. For example, HDFC Bank offers 7.85% interest on FDs with a tenure of 2 years and 1 day to 2 years 100 months.
Fixed deposits are considered a low-risk investment option, providing guaranteed returns and safety of principal. The interest rates offered by banks on FDs vary depending on the tenure, with longer tenures typically offering higher interest rates. Banks may offer interest rates between 3% to 8% on FDs, depending on the duration. The reduction in repo rate by the RBI may lead to changes in FD interest rates, making it essential for investors to monitor the developments and explore options that suit their financial goals and risk appetite.
HDFC Bank Raises MCLR Rate, Making Home Loans More Expensive for 6-Month Tenure Holders
HDFC Bank, India’s largest private lender, has announced an increase in its Marginal Cost of Funds-based Lending Rate (MCLR) by 5 basis points to 9.20% from 9.15% for the overnight tenure, effective from February 7, 2025. This comes as a surprise, as the Reserve Bank of India (RBI) had recently reduced the benchmark repo rate by 25 basis points to 6.25% for the first time in nearly five years. This reduction was expected to lead to a decrease in MCLR rates, resulting in lower EMIs for borrowers.
The MCLR rate measures the minimum interest rate a bank charges for a specific loan from borrowers, influenced by changes in the repo rate, deposit rates, operating costs, and cash reserve requirements. When the MCLR rate increases, EMIs for home loans, personal loans, and other loans also increase. HDFC Bank has increased its MCLR rates for all tenures, ranging from 9.20% to 9.45%.
The RBI’s reduction in the repo rate creates an opportunity for banks to lower their fixed deposit (FD) rates, which could lead to higher interest rates for customers. Small finance banks, such as Utkarsh Small Finance Bank, are already offering high interest rates on FDs, with senior citizens receiving up to 9.42% interest on deposits maturing in 1500 days.
This development presents a window for customers to take advantage of higher interest rates on FDs before banks decrease them further. It’s crucial for borrowers to monitor MCLR rates and adjust their loan repayment strategies accordingly to minimize the impact of increasing EMIs.
Senior Citizens Can Now Earn Up to 9.5% Interest on Fixed Deposits Following the RBI’s 0.25% Rate Cut
The article discusses the current interest rates offered by various banks in India for fixed deposits (FDs) for senior citizens. Small finance banks are offering the highest FD interest rates, with Unity Small Finance Bank offering a rate of 9.5% per annum for a tenure of 1001 days. Other small finance banks, such as Suryoday Small Finance Bank and Utkarsh Small Finance Bank, are offering rates of 9.1% per annum for 5 years and 2-3 years, respectively.
Private sector banks, on the other hand, are offering FD interest rates ranging from 7.5% to 8.75% per annum. Bandhan Bank is offering the highest rate of 8.55% per annum for a 1-year term. Public sector banks, such as Punjab & Sind Bank and Bank of Maharashtra, are offering interest rates ranging from 7.75% to 7.95% per annum for senior citizens.
It is also important to note that beginning April 1, 2025, the tax deducted at source (TDS) on FD interest for senior citizens will be reduced. For senior citizens, TDS will only apply to interest income from savings accounts, fixed deposits, and recurring deposits if their total interest income exceeds Rs 1 lakh in a financial year. For the general public, TDS will still apply if the interest income from fixed deposits exceeds Rs 50,000 in a financial year.
Overall, it is crucial for individuals to compare the interest rates and other features of different banks before making an investment in a fixed deposit.
Seize the opportunity to maximize your returns by opening a fixed deposit account with interest rates of up to 9% before banks introduce downward rate adjustments.
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, which will lead to a decrease in interest rates offered by banks on fixed deposits (FDs). Therefore, FD investors have a limited window to lock in higher interest rates before they decline. The good news is that some private and small finance banks are still offering competitive interest rates on FDs.
Private sector banks such as Axis Bank, Bank of Baroda, and IDFC First Bank offer FD interest rates ranging from 7.25% to 8.25% for various tenures. Small finance banks like NorthEast Small Finance Bank, Unity Small Finance Bank, and Utkarsh Small Finance Bank offer even higher interest rates, ranging from 8.5% to 9%. These rates are available for tenures between 18 months to 5 years.
Public sector banks, on the other hand, offer lower interest rates, ranging from 7.3% to 7.45% for tenures between 400 to 456 days. Punjab & Sind Bank and SBI offer the highest FD interest rate of 7.25%, while Bank of Baroda and Bank of India offer rates between 7.3% to 7.45%.
It’s likely that FD interest rates will continue to decline as banks adjust their rates in response to the reduced repo rate. Therefore, investors should consider locking in their FDs at current higher rates to maximize their returns.
2025 FD Rates Revealed: Beat SBI and PNB with Up to 9% Returns on Fixed Deposits – Get the Inside Scoop Here!
Fixed Deposit (FD) schemes are a popular way to save money and earn returns, with the guarantee of getting the principal amount back after a fixed period along with interest. Major banks such as SBI and PNB offer interest rates up to 7%, while small finance banks offer higher rates, up to 9%. Small finance banks, such as Ujjivan, AU, Unity, and Utkarsh, offer attractive FD rates, making them a great option for investors.
Ujjivan Small Finance Bank offers interest rates ranging from 7.50% for 9-month FDs to 8.25% for 12-month FDs. AU Small Finance Bank offers rates of up to 8% for 24-36 month FDs, while Unity Small Finance Bank offers 9% interest for 1001-day FDs. Utkarsh Small Finance Bank offers rates of up to 8.50% for 1500-day FDs.
These small finance banks offer higher interest rates than major banks, making them a great option for investors. However, it is essential to note that FD interest rates are subject to change, and investors should verify the latest rates and terms directly with the respective banks before making any financial decisions. It is also recommended to consult a financial advisor for better results. Overall, investing in small finance banks can help individuals earn higher returns on their fixed deposits.
Maximize your returns: Earn up to 9.5% interest on your 3-year fixed deposit and invest now!
The article discusses the best fixed deposit (FD) rates offered by various government, private, and small finance banks in India. The article highlights that FDs are a safe and guaranteed way to earn returns on your money, with no market fluctuations affecting the investment. The article also notes that many banks are currently offering attractive interest rates on 3-year FDs, with some banks offering up to 9.5% annual return.
The article provides a list of banks offering good rates on 3-year FDs, divided into two categories: private and small finance banks, and government banks. The list includes banks such as AU Small Finance Bank, Equitas Small Finance Bank, ESAF Small Finance Bank, and Utkarsh Small Finance Bank, which are offering interest rates ranging from 7.5% to 9.5% for general customers and senior citizens. Private banks such as Axis Bank, ICICI Bank, and HDFC Bank are also offering competitive interest rates ranging from 6.5% to 7.5%.
The article also highlights that some banks offer higher interest rates to senior citizens than general customers, with a difference of up to 0.50%. The interest rates mentioned in the article are valid as of January 22, 2025, but investors are advised to verify the rates with the concerned bank or its official website, as rates may change over time.
Overall, the article provides a comprehensive list of banks offering attractive interest rates on 3-year FDs, helping investors to make an informed decision when considering this investment option.
Earn high returns with security: Explore banks offering 9.5% FD rates for a 3-year fixed deposit – Get the full list now and make your money work for you!
The Reserve Bank of India’s elevated interest rate regime has led banks to offer attractive rates on fixed deposits to attract new customers. Small finance banks, in particular, have been raising their FD rates to secure more deposits. According to a recent analysis, small finance banks have offered higher interest rates than scheduled commercial banks to attract more customers. This article examines the 3-year fixed deposit rates offered by top 10 small finance banks in January 2025, specifically for general customers and senior citizens.
The analysis reveals that Unity Small Finance Bank offers the highest FD interest rate of 9.5% for senior citizens and 9% for general customers for deposits of 1001 days. Other small finance banks, such as North-East Small Finance Bank, Suryoday Small Finance Bank, and Utkarsh Small Finance Bank, also offer competitive rates ranging from 8.5% to 9.1%.
Small finance banks, like Jana, Ujjivan, Equitas, ESAF, and Shivalik, offer rates between 8.25% to 8.75%. AU Small Finance Bank offers the lowest rate of 8% for general customers and 8.6% for senior citizens.
It’s essential to note that small finance banks are recognized as scheduled banks by the Reserve Bank of India, making deposits eligible for deposit insurance coverage up to Rs 5 lakh. Fixed deposits are considered a safe investment choice for retail investors, especially senior citizens, as they offer a guaranteed return upon maturity with low risk. Senior citizens, in particular, prefer FDs to avoid the risks associated with market-linked products in their later years.
Utkarsh Small Finance Bank’s standalone net profit surges 27.81% in Q2 FY2024.
Utkarsh Small Finance Bank has announced its financial results for the quarter ending June 2024, reporting a significant increase in net profit and total operating income. The bank’s net profit rose by 27.81% to Rs 137.40 crore during the quarter ended June 2024, compared to Rs 107.50 crore in the previous quarter ended June 2023. This marks a substantial growth in net profit, indicating the bank’s financial performance has improved.
The bank’s total operating income, which includes interest and other income, also saw a significant increase of 34.06% to Rs 965.92 crore in the quarter ended June 2024, compared to Rs 720.50 crore in the previous quarter. This growth in operating income is a positive sign, indicating an increase in revenue streams for the bank.
The bank’s operating profit (P&L) margin (OPM) also showed a decline of 0.69% to 49.11% in the quarter ended June 2024, compared to 48.73% in the previous quarter. This indicates that the bank has sacrificed some of its operating profitability to achieve higher growth in income. The bank’s profit before taxes (PBT) and profit before exceptional item (PBT) remained stable at Rs 186.24 crore in the quarter ended June 2024.
In conclusion, Utkarsh Small Finance Bank’s financial performance has shown signs of improvement, with a significant increase in net profit and total operating income. Although the bank’s OPM margin has declined, it has achieved higher revenue growth, indicating a positive trend in its financial performance. This bodes well for the bank’s long-term prospects and potential for future growth.
Unlock Top Yields: Discover the best FD rates in the market with this curated list of top-performing banks
The article discusses the best fixed deposit (FD) rates offered by various banks in India, including small finance banks, private banks, and government banks. It highlights that small finance banks are often offering higher returns on FDs than private and government banks, making them a popular choice for risk-averse investors. The article provides a table listing the best FD rates offered by various banks, including small finance banks, private banks, and government banks.
The table shows that small finance banks such as Northeast Small Finance Bank, Unity Small Finance Bank, and Utkarsh Small Finance Bank are offering interest rates ranging from 8.25% to 9.5% per annum on FDs with tenures ranging from 546 days to 1111 days. Private banks such as Axis Bank, Bandhan Bank, and ICICI Bank are offering interest rates ranging from 7.25% to 7.9% per annum on FDs with tenures ranging from 12 months to 55 months.
Government banks such as Bank of Baroda, Bank of India, and State Bank of India are offering interest rates ranging from 7.25% to 7.8% per annum on FDs with tenures ranging from 400 days to 1111 days. The article also notes that banks keep changing their rates from time to time, and investors are advised to check the exact interest rate and terms from the official website or branch of the concerned bank before investing in an FD scheme.
Overall, the article provides a useful resource for individuals looking to earn a stable return on their investments by placing their money in a fixed deposit account with a bank.
Investors can earn up to 9% interest rate, capped at three years; view the complete list of participating banks here.
It is becoming increasingly rare to find banks offering interest rates of up to 9% on fixed deposits (FDs). However, some small finance banks are still offering competitive rates to general citizens and senior citizens. For example, North-East Small Finance Bank is offering a 9% interest rate on FDs maturing in three years to general citizens, while senior citizens can earn up to 9.5% interest.
Other small finance banks that offer attractive interest rates on FDs include Suryoday Small Finance Bank (8.6%), Utkarsh Small Finance Bank (8.5%), Jana Small Finance Bank (8.25%), and Unity Small Finance Bank (8.15%). However, it’s essential to note that small finance banks have a unique business model and may pose slightly different risks compared to scheduled commercial banks.
It’s recommended that investors limit their exposure to small finance bank FDs to an amount that falls within the Deposit Insurance Credit Guarantee Corporation (DICGC) coverage of Rs 5 lakh. This ensures that their principal and interest are protected in unforeseen circumstances.
Additionally, it’s crucial to be aware of the tax implications of FDs. According to HDFC Bank, the Tax Deduction at Source (TDS) will be deducted when the interest payable or reinvested on RD and FD per customer across all branches exceeds Rs 40,000 (Rs 50,000 for senior citizens) in a financial year. The bank will also recover TDS from the principal amount of the FD if the interest amount is insufficient to recover TDS.
Overall, while it may be challenging to find high-interest rates on FDs, small finance banks are offering competitive rates to general citizens and senior citizens. However, it’s essential to exercise caution and consider the unique risks and tax implications associated with small finance bank FDs.