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Fixed Deposit Calculator

Deposit Amount

₹ 1000
₹ 10000000
Tenure (7 Days to 120 months)

Years

Months

Days

Interest Payout
Interest Amount

₹

Interest Rate

% P.A.

Maturity Amount

₹

Maturity Date

*Maturity amount provided is subject to TDS if applicable, as per Income Tax Act from time to time.
This is applicable for resident individuals
*Rate of interest depends on the duration of your FD.
For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as simple interest.

Key Features of Digital Fixed Deposit

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Open FD without Savings Account

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Paperless process

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Attractive Interest Rate @ 8%

Instant Video KYC

Instant Video KYC

Benefits of Digital Fixed Deposit

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Responsible Banking

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Attractive Interest Rates

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Higher Interest Rates for Senior Citizens

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Convenient

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Secure

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Flexible

Minimal Requirements

  • ok_tick Aadhaar card
  • ok_tick1 PAN card
  • ok_tick2 Mobile number linked with Aadhaar
  • Step 01

    Register using your mobile number

  • Step 02

    Verify using Aadhaar/VID and PAN

  • Step 03

    Enter Personal details

  • Step 04

    Enter Deposit details and complete your payment

  • Step 05

    Complete video KYC (07:00 AM To 11:00 PM)

  • Step 06

    Receive FD receipt and maximize your returns!

Frequently Asked Questions

A Fixed deposit is an investment option offered by the banks where an investor can deposit a lump sum of money for a fixed period of time and earn a guaranteed return as interest. The fixed deposit tenure can range from a few days to several years and the interest are typically higher that Savings Account.

Fixed deposits are considered to be a safe investment option as they are backed by the deposit insurance guarantee scheme of the Reserve Bank of India, which provides insurance coverage of up to INR 5 lakhs per depositor per bank.
A digital fixed deposit is a type of fixed deposit that can be opened online through a digital platform provided by the bank. It is a paperless alternative to traditional fixed deposits, which require physical documents and in-person visits to the bank.
Digital FDs are great for anyone who wants a safe and secure avenue of investment that they access from anywhere through any device – their laptop or their mobile!
Opening a Digital Fixed Deposit with Utkarsh Small Finance bank is easy, safe and secure. Log on to ( www.utkarsh.bank ) and start the journey after clicking on Book Now and keep your Aadhaar Card, PAN Card and the Mobile Number linked to Aadhaar Card handy.
It’s an Instant Process. Once the payment is confirmed & application is approved from Bank’s end, you will be able to download the FD Advise.
•Limited KYC: You can book a Digital Fixed Deposit for a minimum period of 7 days and a maximum of 365/366 days only.
• Full KYC (via V-KYC): You can book a Digital FD for up to10 years.
•Limited KYC: Customers can book FD of amount â‚ą1,000 to â‚ą90,000 via Bank’s website.
•Full KYC (via V-KYC): You can book total Digital FD up to 2 crore via Bank’s website.
Yes, you can book a Digital Fixed Deposit through this platform or you simply need to download Utkarsh Mobile Banking app from Playstore or Apple store else you can log onto Internet Banking through Bank’s website and register yourself to book the deposits.
Customer can make payment to book FD via UPI.
For Limited KYC, only one Digital FD can be booked using OTP-based KYC. For Full KYC (via V-KYC), you can book more than 1 Digital Fixed Deposit via Bank’s website.
To explore more services, please visit nearest Bank branch to complete your KYC. Visit https://www.utkarsh.bank//locate-us.
Yes, premature withdrawal is allowed in Digital Fixed Deposits. Please visit nearest branch to redeem the Fixed Deposit.
No, there are no risks in Digital FDs. Digital FDs are non-market-linked instruments, which means the returns they provide do not depend on any capital market involvement. Since the interest rates on Digital FD are pre-fixed, there is no element of surprise or risk. What you see is what you get with Digital Fixed Deposits.
Maturity Amount will be credited back to the account from where the money was received initially.
1% interest as penalty is applicable i.e. interest will be payable as 1% less than the contracted rate as of the date of deposit, for the period for which the deposit has remained with the bank.
No, there is no need to have a Saving Account in Utkarsh SFB to open Digital FD.
The funded amount will be refunded back to the depositor after 3 working days without any interest, through NEFT/RTGS/UPI mode. In case of any error in fund transfer, the Bank will issue a Demand Draft in favor of the prospective depositor and will dispatch the same at the customer’s communication address available with us. However, the customer may submit an alternative bank details for fund transfer by visiting the nearest Utkarsh SFBL branch.
A customer can visit the nearest USFB to get the interest and TDS certificate.
Digital FD is available for the customers who do not have any existing relationship with the Bank.
Bank’s existing account holders can log on to Internet or Mobile Banking to book an Online FD.
• For Full KYC (via V-KYC): You can select the Quarterly Interest payout option for the Fixed Deposits opened via Full KYC mode.
• For Limited KYC: Digital Fixed Deposits opened under Limited KYC’s maturity instruction is an auto closure mode.
Video KYC enables you to complete your Full KYC instantly. It is an option in which you receive a video call from our Bank representative to complete your KYC process after entering your details. The video call eliminates a visit to the branch physically to complete your KYC.
Please keep the following things ready before you connect to the call.
• Ensure that you have a good internet connection. Log in to the call with a device that has a camera and a microphone.
• Permission to access your device's location, camera and microphone [ while the onboarding is on].
•Please ensure you are not using a VPN.
•Blank white sheet and a black pen for signature.
•Your original Permanent Account Number [PAN] Card.
Yes, our Video KYC process is completely safe and secure. The information you provide during the video call is secured and encrypted with an advanced technology. Additionally, with face recognition, Aadhaar OTP verification, and through video validation, we keep all your information secure. To ensure this, please only click on the link provided in our bank’s website or mobile banking app. Kindly refrain using public Wi-fi connections for your safety & security.
Yes, there is a schedule option where you can re-schedule a call to a later date. However, please ensure to complete your video KYC call within the Bank’s business days.
Since it is a video verification process, we need consent to use your camera and microphone during the V-KYC.
You can use any device such as Computer, Laptop, Mobile or Tablet which is enabled with a good working camera, microphone and internet connection [avoid public wifi connection].
This is a contactless and paperless way to verify your identity and onboard for the account-based relationship with the Bank. It eliminates your physical presence in the Bank thereby saves time and travel cost. Convenient for senior citizens, pregnant women and differently abled individuals
Yes, our Video-KYC (V-KYC) process is available between 7 AM to 11 PM on the Bank’s website for the business days as per Maharashtra Government’s Holiday Calendar. You may schedule for your V-KYC as per your convenience during this period. Also, please note that the V-KYC has to be completed within maximum of 3 working days from the day of the request raised.
Tax-Saving Fixed Deposit is a type of term deposit offered by banks, which enables individuals to invest a certain amount for a fixed tenure and claim tax deductions in the same FY under Section 80C of the Income Tax Act, 1961.
You can claim a deduction of up to â‚ą1.5 lakh per financial year from your taxable income under Section 80C of the Income Tax Act, 1961, for investments made into Tax-Saving Fixed Deposits.
The lock-in period for Tax-Saving Fixed Deposits is five years from the date of investment. The Tax-Savings Fixed Deposits cannot be pre-maturely withdrawn before the completion of this period.
No, premature withdrawal is not allowed for Tax-Saving Fixed Deposits at the depositor’s request. However, in the event of the depositor’s death and/or regulatory/ statutory instructions, Tax-Saving Fixed Deposits can be pre-maturely closed.
Yes, the interest earned on Tax-Saving Fixed Deposits is subject to tax implication as per your Income Tax slab.
Yes, you can invest in multiple Tax-Saving Fixed Deposits, but a maximum of â‚ą1.5 lakh shall be considered for deduction under Section 80C of the Income Tax Act, 1961, for tax exemption.
No, Tax-Saving Fixed Deposits are available only to resident Indians claiming tax benefits under Section 80C of the Income Tax Act, 1961.
No, Tax-Saving Fixed Deposits are not available for pledging as loan collateral.
Failure to declare the interest earned on your Tax-Saving Fixed Deposit may attract consequences as per the Income Tax Act,1961.
Yes, nomination facility is available for Tax-Saving Fixed Deposits.