What is the minimum balance in utkarsh bank?

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.

What is the minimum balance for current account?

Monthly Average Balance (MAB) Requirement on Basic Current Account of Different Banks

Is money safe in Utkarsh Small Finance Bank?

Utkarsh Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC).6 days ago

What is premium current account?

Features of Premium Current Account. Deposit up to ₹ 3 lakhs cash free per month or 25 transactions (whichever is breached first) at any HDFC Bank branches. Withdraw up to Rs. 25,000 cash per day at HDFC Bank Non Home Branches. Get 100 free payable at par cheque leaves per month.

Is Utkarsh bank under rbi?

Utkarsh Small Finance Bank Limited commences operations The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.

Who is the owner of Utkarsh?

Govind Singh He was the founder of Utkarsh Micro Finance Ltd., the promoting institution of Utkarsh Small Finance Bank Ltd. Currently, he is the Managing Director & CEO at Utkarsh Small Finance Bank Limited. Prior to setting up Utkarsh, he was with ICICI Bank Ltd.

What are the 4 types of Current Account?

Read more Current Account Minimum Balance here.

Packaged Current Account: The Packaged Current Account is one of those types of Current Account, which is in between the premium account and standard Current Account.
Foreign Currency Account :
Single Column Cash Book :

Which bank is best for Current Account?

Best Banks for Current Account

Is GST mandatory for Current Account?

The GSTIN is not mandatory when you set up your Current Account with any bank. However, when you register under the GST scheme, you do require a functional Current Account. Therefore the business owner does not have to pay GST on Current Bank Account set up or functioning.

Which type of bank is Utkarsh?

Utkarsh Small Finance Bank is a proud solitary Small Finance Bank from Varanasi. Established in 2009 with the mission to empower the low-income group financially, it has reached to new heights today.

Is Utkarsh a government bank?

Utkarsh Small Finance Bank Limited is a Public incorporated on 30 April 2016. It is classified as Non-govt company and is registered at Registrar of Companies, Kanpur.

How good is utkarsh bank?

Utkarsh Small Finance Bank has an overall rating of 3.4 out of 5, based on over 141 reviews left anonymously by employees. 61% of employees would recommend working at Utkarsh Small Finance Bank to a friend and 68% have a positive outlook for the business.04-Dec-2022

What are the 3 types of current accounts?

Types of current accounts

Standard current accounts. Also known as an everyday current account, this type of account comes with a debit card and access to online banking.
Basic bank accounts.
Packaged bank accounts.
High-interest accounts.
Cashback current accounts.
Student bank accounts.

Does current have a monthly fee?

No surprise charges. At Current, we believe in our members spending their hard-earned money on the things that matter most to them. We have no hidden fees², no overdraft fees, no minimum balance fees and no fees when you transfer money to other members on Current using your Current ~tag.

What is the benifit of current account?

One of the most important features of a current account is the fact that it bears no interest at all. The funds in a current account are always made available to the account holder whenever needed, and to compensate for this extra liquidity that the bank provides, there is no interest charged on current accounts.

How many Utkarsh banks are there in India?

11th State of Banking Outreach With this, Utkarsh has now 53 General Banking Branches along with 111 Micro Banking Branches and 241 Micro Finance Outlets operating in pan India.

What is salary credit officer in utkarsh bank?

Average Utkarsh Small Finance Bank Credit Officer salary in India is ₹ 2.0 Lakhs for less than 1 year of experience to 3 years. Credit Officer salary at Utkarsh Small Finance Bank India ranges between ₹ 1.0 Lakhs to ₹ 2.6 Lakhs.

Which is the 1st Small Finance Bank in India?

Capital Small Finance Bank

When was Utkarsh founded?