Utkarsh Small Finance Bank’s best fixed deposit rate is 8.10% p.a. for a regular depositor and 8.25% p.a. for a senior citizen, on a tenure of 666 days. Rates vary by tenure — the headline applies to that band, not to every deposit.
The rate
| General | Senior citizen | Best tenure |
|---|---|---|
| 8.10% | 8.25% | 666 days |
Checked at source 2 Oct 2026 · Each bank’s own rate page or rate card, deposits below ₹3 crore.
How it compares
Utkarsh is the 2nd highest of the 12 providers we track, 0.15% below Suryoday Small Finance Bank at 8.25%. Within the small finance bank group it is just above Shivalik Small Finance Bank at 8.00% and Unity Small Finance Bank at 8.00%. The whole table, banks and small finance banks together, is on best FD interest rates.
Small finance banks pay above the large private banks because they are competing for deposits, not because the deposit is riskier in a way you are being paid to accept — deposit insurance under the DICGC scheme covers up to ₹5 lakh per depositor per bank, and it applies to a small finance bank on the same terms as to any other. That ceiling is the number that should shape how much you place with one of them, and splitting a larger sum across banks is the standard answer.
Before you book, run the amount and tenure through the FD maturity calculator so the 0.15% gap against the top of the table is expressed in rupees rather than in basis points. On a short tenure it is often smaller than it sounds.
Terms change without notice. Confirm the current figures with the lender before you act.