Utkarsh Small Finance Bank Ltd. (UTKARSHBNK)

Overview

Utkarsh Small Finance Bank Limited, established in 2016 and headquartered in Varanasi, India, is a prominent provider of banking and financial services in the country. The bank operates under the umbrella of Utkarsh CoreInvest Limited, positioning itself as a subsidiary focused on delivering a wide range of financial products and services to cater to both individual and business clients' needs. Through its comprehensive portfolio, Utkarsh Small Finance Bank aims to enhance financial inclusion by offering accessible, affordable, and diversified banking solutions.

Products and Services

• Savings & Deposits

  Utkarsh Small Finance Bank offers a variety of savings products including savings accounts, fixed deposits with the options for recurring and tax saver plans. These products are designed to encourage saving habits among customers, offering competitive interest rates and flexible tenure options.

• Cards

  The bank provides a range of card services, including debit and credit cards. These cards are equipped with security features and offer convenience for daily financial transactions, along with benefits such as cashback and discounts on purchases.

• Loans

  Utkarsh Small Finance Bank fulfills various financing needs through its diverse loan offerings which include home loans, Loan Against Property (LAP) for retail, personal loans, gold loans, and more. Each loan product is tailored to meet the specific requirements and financial goals of its customers, featuring competitive interest rates and flexible repayment plans.

• Insurance

  The bank extends life and general insurance products to its clientele, ensuring a comprehensive cover for various aspects of life and business. These insurance solutions aim to provide financial security and peace of mind to customers by protecting against unforeseen events.

• Investment Products

  Offering a range of investment products, Utkarsh Small Finance Bank caters to the investment needs of its customers, enabling them to grow their wealth and achieve their financial goals. The product offerings include mutual funds and other investment schemes that cater to different risk profiles and investment horizons.

• Remittance & Bill Payment

  The bank offers remittance services and bill payment options to ensure convenience for its customers in transferring funds and paying bills. These services are designed to facilitate secure, quick, and hassle-free transactions.

• Locker Facility & Overdrafts

  Customers can avail themselves of locker facilities for the safekeeping of their valuables and an overdraft facility against fixed deposits, providing a credit line when needed without having to break the deposit.

• Digital Banking

  To cater to the evolving needs of its customers, Utkarsh Small Finance Bank offers a comprehensive suite of digital banking services, including ATM and branch banking, along with internet and mobile banking solutions. These digital platforms enable customers to perform various banking transactions conveniently and securely from anywhere and at any time.

• Business Banking

  For business customers, the bank provides current and institutional banking accounts, micro banking group, MSME, wholesale, and other business-specific loans, along with investing, insurance, and digital banking services tailored to support the growth and operational efficiency of businesses.