Premium Savings Account

An average quarterly balance of 50,000 is required to be maintained or minimum composite total relationship value of 500,000 is required to be maintained collectively in the current, savings and term deposit accounts, linked to the Premium Savings Account. Customers are offered unlimited free domestic transactions at any ATM. A Platinum Rupay debit card with an accidental policy cover of up to 200,000, is also offered to the account holder. The interest is calculated on daily product basis and credited quarterly.

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• Eligibility
• Benefits
• FAQs
• Fees and Charges

Anyone residing in India or a Hindu Undivided Family can apply for an Utkarsh Premium Savings Account.

1. Access to Premium Lounge at airport and Lifestyle Privileges
2. Doorstep Banking Services*
3. Free online transaction facility across all channel
4. Unlimited Free ATM transactions across all ATMs (own/other) within India
5. Platinum Rupay Debit Card with Personal Accidental Insurance Cover of 2 Lakh*
6. Interest Rate on Domestic Savings *:   

Balance in	Rate of Interest w.e.f Dec 01, 2022
Balance Upto 1 Lakh	4.25% p.a.
Incremental balance above 1 Lakh upto 25 Lakh	6.50% p.a.
Incremental Balance above  25 Lakhs up to 10 crore	7.25% p.a.
Incremental Balance above  10 Crore	7.50% p.a.

* Conditions Apply

What is the Interest Rate Applicable?

Interest Rate on Domestic Savings Account Deposits with effect from Dec 01, 2022 as follows:

Balance in	Rate of Interest w.e.f Dec 01, 2022
Balance Upto 1 Lakh	4.25% p.a.
Incremental balance above 1 Lakh upto 25 Lakhs	6.50% p.a.
Incremental Balance above  25 Lakhs up to 10 crore	7.25% p.a.
Incremental Balance above  10 Crore	7.50% p.a.

*Conditions Apply

How is the Interest Calculated?

The interest is calculated on daily product basis and credited quarterly.

What is the Average Quarterly Balance requirement?

You are required to maintain an Average Quarterly Balance of 50,000 or total relationship of 5,00,000 in your Savings and FD A/C.

Which Debit Card comes along with Premium Savings Account?

A Platinum Rupay debit card with an accidental policy cover of up to 200,000, is also offered to the account holder.

 

	Premium Savings Account
	Average Balance Requirements	Premium Savings Account
		AQB
	Metro & Urban Banking Outlets	50,000/- or relationship of 5 lakhs
	Semi-Urban & Rural Banking Outlets	50,000/- or relationship of 5 lakhs
	Charges for Non-Maintenance	25/- per 500/- of shortfall
	Banking outlet Cash Transactions
	Cash Deposit Transactions- Free limits/month	20 lakhs
	Charges Beyond Free Limit	3 per 1000 (Min 50)
	Cash Deposit Transactions(Folio Charges)	Unlimited transactions
	Charges Beyond Free Limit	Not Applicable
	Cash Withdrawal - Free limits/month	Unlimited
	Cash Withdrawal charges beyond free limit	Not Applicable
	DD/PO Issuance
	Demand Drafts Payable on own Bank Locations	Upto 10,000/- 50/- Above 10,000/- 4/- per 1,000/- (Min 50)
	Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/DD + Correspondent Bank charges
	Revalidation	100/-
	Duplicate DD Issuance	100/-
	DD/PO Cancellation	100/-
	Cheque Issuance/ Collection Charges
	Free Leaves	Two free cheque books per quarter (20 leaves)
	Charges Beyond Free Limit	2/leaf
	Cheque Return Charges (Outward)	200/- per cheque
	Cheque Return Charges (Inward)	500/- per cheque
	NEFT/RTGS/IMPS transactions (Online)
	RTGS Outward	Free
	NEFT Outward	Free
	IMPS Payments	Free
	Phone/Mobile Banking
	SMS Alerts	Free
	Doorstep Banking Services
	Cash Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	2 visits/month free
	Cheque Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	2 visits/month free
	Other Charges
	Quarterly Physical Statements	Free
	Email Statements	Free
	Stop Payment Instructions	100/- per cheque
	Signature, Address and Photo attestation	Free
	Duplicate Interest & Balance Certificate Issuance Charge	Free
	Account Related Charges
	Account Closure	Upto 14 days – Nil Above 14 days up to 12 months - 500/- Above 12 month- Nil.

 

For Debit Card Variants & Charges, kindly refer to the Card Section

 

For complete details on Fees and Charges effective from 01st Sep 2022, please click here

 

 

 

• Eligibility
  Anyone residing in India or a Hindu Undivided Family can apply for an Utkarsh Premium Savings Account.
• Benefits
  1. Access to Premium Lounge at airport and Lifestyle Privileges
  2. Doorstep Banking Services*
  3. Free online transaction facility across all channel
  4. Unlimited Free ATM transactions across all ATMs (own/other) within India
  5. Platinum Rupay Debit Card with Personal Accidental Insurance Cover of 2 Lakh*
  6. Interest Rate on Domestic Savings *:   

  Balance in	Rate of Interest w.e.f Dec 01, 2022
  Balance Upto 1 Lakh	4.25% p.a.
  Incremental balance above 1 Lakh upto 25 Lakh	6.50% p.a.
  Incremental Balance above  25 Lakhs up to 10 crore	7.25% p.a.
  Incremental Balance above  10 Crore	7.50% p.a.

  * Conditions Apply

• FAQs
  What is the Interest Rate Applicable?

  Interest Rate on Domestic Savings Account Deposits with effect from Dec 01, 2022 as follows:

  Balance in	Rate of Interest w.e.f Dec 01, 2022
  Balance Upto 1 Lakh	4.25% p.a.
  Incremental balance above 1 Lakh upto 25 Lakhs	6.50% p.a.
  Incremental Balance above  25 Lakhs up to 10 crore	7.25% p.a.
  Incremental Balance above  10 Crore	7.50% p.a.

  *Conditions Apply

  How is the Interest Calculated?

  The interest is calculated on daily product basis and credited quarterly.

  What is the Average Quarterly Balance requirement?

  You are required to maintain an Average Quarterly Balance of 50,000 or total relationship of 5,00,000 in your Savings and FD A/C.

  Which Debit Card comes along with Premium Savings Account?

  A Platinum Rupay debit card with an accidental policy cover of up to 200,000, is also offered to the account holder.
• Fees and Charges
   

  	Premium Savings Account
  	Average Balance Requirements	Premium Savings Account
  		AQB
  	Metro & Urban Banking Outlets	50,000/- or relationship of 5 lakhs
  	Semi-Urban & Rural Banking Outlets	50,000/- or relationship of 5 lakhs
  	Charges for Non-Maintenance	25/- per 500/- of shortfall
  	Banking outlet Cash Transactions
  	Cash Deposit Transactions- Free limits/month	20 lakhs
  	Charges Beyond Free Limit	3 per 1000 (Min 50)
  	Cash Deposit Transactions(Folio Charges)	Unlimited transactions
  	Charges Beyond Free Limit	Not Applicable
  	Cash Withdrawal - Free limits/month	Unlimited
  	Cash Withdrawal charges beyond free limit	Not Applicable
  	DD/PO Issuance
  	Demand Drafts Payable on own Bank Locations	Upto 10,000/- 50/- Above 10,000/- 4/- per 1,000/- (Min 50)
  	Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/DD + Correspondent Bank charges
  	Revalidation	100/-
  	Duplicate DD Issuance	100/-
  	DD/PO Cancellation	100/-
  	Cheque Issuance/ Collection Charges
  	Free Leaves	Two free cheque books per quarter (20 leaves)
  	Charges Beyond Free Limit	2/leaf
  	Cheque Return Charges (Outward)	200/- per cheque
  	Cheque Return Charges (Inward)	500/- per cheque
  	NEFT/RTGS/IMPS transactions (Online)
  	RTGS Outward	Free
  	NEFT Outward	Free
  	IMPS Payments	Free
  	Phone/Mobile Banking
  	SMS Alerts	Free
  	Doorstep Banking Services
  	Cash Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	2 visits/month free
  	Cheque Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	2 visits/month free
  	Other Charges
  	Quarterly Physical Statements	Free
  	Email Statements	Free
  	Stop Payment Instructions	100/- per cheque
  	Signature, Address and Photo attestation	Free
  	Duplicate Interest & Balance Certificate Issuance Charge	Free
  	Account Related Charges
  	Account Closure	Upto 14 days – Nil Above 14 days up to 12 months - 500/- Above 12 month- Nil.

   

  For Debit Card Variants & Charges, kindly refer to the Card Section

   

  For complete details on Fees and Charges effective from 01st Sep 2022, please click here