Utkarsh Small Finance Bank pays 8.10% a year on a regular fixed deposit and 8.25% for senior citizens, on its best tenure of 666 days. That is the 2nd highest of the 12 providers in our best FD rates table — 0.15 percentage points below Suryoday Small Finance Bank at 8.25%.
Rate, senior citizen rate and tenure
| Advertised rate | 8.10% p.a. onwards |
|---|---|
| Senior citizen rate | 8.25% p.a. |
| Best tenure | 666 days |
| Bank type | Small finance bank |
as of 2 October 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore
What that costs in rupees
On ₹5,00,000 for 5 years, compounded quarterly.
| Interest at 8.10% | ₹2,46,624 |
|---|---|
| After tax at the 30% slab | ₹1,69,677 |
| What you get at maturity, after tax | ₹6,69,677 |
Interest is taxed at your slab rate, so this assumes the top slab plus 4% cess. At a lower slab you keep more. TDS applies once interest crosses the annual threshold.
To run a different amount or tenure, use the FD maturity calculator.
How it compares
Utkarsh Small Finance Bank is the 2nd highest of the 12 providers we track — 0.15 percentage points below Suryoday Small Finance Bank at 8.25%. Shivalik Small Finance Bank, Jana Small Finance Bank and Unity Small Finance Bank each pay 8.00%.
What moves this rate
Small finance bank. Deposit rates are typically the highest available, but DICGC insurance covers ₹5 lakh per depositor per bank — size the deposit accordingly.
FD interest is taxed at your normal slab rate. There is no special treatment, so the advertised rate is a before-tax figure. At the 30% slab plus 4% cess, roughly a third of it goes in tax. The bank also cuts TDS once your interest crosses the yearly limit — the TDS on FD calculator shows where that threshold falls for you.
Deposit insurance matters more than the last few decimal points of rate. DICGC covers ₹5 lakh per person per bank, including interest. Anything above that in one bank is uninsured, however good the rate looks. Splitting money across banks keeps every rupee covered.
Utkarsh Small Finance Bank fixed deposit in detail
The Utkarsh fixed deposit interest rate page carries the rates for regular and senior citizen depositors and what you keep after tax.