Utkarsh Smart Business Account
Manage your business finances with confidence and convenience. With Utkarsh Smart Business Account, you get premium features designed to support smooth operations, efficient cash flow and better returns. Maintain an Average Quarterly Balance of 2,00,000/- at Metro/Urban banking outlets and 1,00,000/-at Semi-Urban/Rural banking outlets to unlock an enhanced banking experience. Benefit from auto-linked Virtual Savings Account to earn interest on surplus funds, while availing high transaction limits and zero-cost digital banking.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
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Unlimited cash withdrawal at base branch
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Free cash deposit transactions per month
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• Base branch: 40 Lakh
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• Non-base branch: 10 Lakh
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Free RTGS, NEFT & IMPS transactions
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Free email/physical statements & SMS alerts
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Free Demand Draft up to ₹1 Crore per month
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Auto Sweep-in/Sweep-out facility on surplus funds*
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Interest earning on surplus balance via linked Virtual Savings Account*
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Exclusive RuPay Select International Contactless Debit Card
We offer our valued customers:
*T&C Apply
| Utkarsh Smart Business Account | |
| Average Balance Requirement | AQB* |
|---|---|
| Metro & Urban(MU) Branches | ₹2,00,000/- |
| Semi-Urban & Rural(SURU) Branches | ₹1,00,000/- |
| Charges for Non- Maintenance* | ₹1,000/- per quarter |
| Sweep-in Criteria | Any surplus amount in Utkarsh Smart Business Account (USBA) above ₹2,00,000/- in MU Branches & ₹1,00,000/- in SURU Branches auto sweep-into Virtual Savings Account (VSA)**, at EOD. |
| Sweep-out Criteria | If balance in USBA falls below ₹2,00,000/- in MU Branches & ₹1,00,000/- in SURU Branches, the short fall amount auto sweep-out from the linked VSA to maintain the balance in USBA |
| Branch Cash Transactions | |
| Cash Deposit Transactions - Free Limits/Month | Base Branch: ₹40 lakh Non-base Branch: ₹10 lakh |
| Cash Deposit Transactions - Charges Beyond Free Limit | ₹3/- per ₹1,000/- (Min ₹50/-) |
| Cash Withdrawal (Base Branch)- Free Limit/Month | Unlimited |
| Cash Withdrawal (Base Branch) - Charges Beyond Free Limit | Not Applicable |
| Cash Withdrawal (Non-base Branch) - Free Limit/Month | Free upto ₹5 lakh |
| Cash Withdrawal (Non-base Branch) - Charges Beyond Free Limit | ₹2/- per ₹1,000/- |
| Account Maintenance - Free Limit (Cash, Clearing & Intra-bank transfer) |
Unlimited |
| Account Maintenance - Charges Beyond Free Limit | Not Applicable |
| Demand Drafts/Pay Order | |
| Demand Drafts Payable on own Bank Locations | DD free up to ₹1 Crore per month Charges beyond free limits: ₹ 4/- per ₹1000/- (Max ₹1000/-) |
| Demand Draft Revalidation | Free |
| Duplicate Demand Draft Issuance | Free |
| Demand Drafts/Pay Order Cancellation | Free |
| Cheque Issuance/Collection Charges | |
| Free Leaves | Six cheque books free per quarter (50 leaves) |
| Charges Beyond Free Limit | ₹2/- per leaf (₹100/- per cheque book) |
| Local Cheque Collection and Payments at Base Branch Location & Fund Transfer | Free |
| Cheque Return Charges (Outward) | ₹200/- per cheque |
| Cheque Return Charges (Inward) | ₹500/- per cheque |
| NEFT/RTGS/IMPS transactions | |
| RTGS Inward and Outward | Free |
| NEFT Inward and Outward | Free |
| IMPS Payments | Free |
| Other Service Charges | |
| Physical Account Statements (Quarterly) | Free |
| Email Account Statements (Monthly) | Free |
| Stop Payment Instructions | Free |
| Signature Verification/Address Confirmation | Free |
| Confidential Report/ Credit Confirmation | Free |
| Solvency Attestation | ₹1000/- |
| Photo Attestation | Free |
| Activation of Inoperative Account | Free |
| SMS Alerts | Free |
| Account Closure Charges | |
| Account Closure | Within 14 days - Nil After 14 days to 12 months- ₹500/- Above 12 months: ₹250/- |
Note:
1. For Debit Card Variants & Charges, kindly refer to the Card Section.
2. *AQB shall be computed on the combined balance of USBA & VSA.
3. **VSA is automatically opened and linked with USBA.
4. No charges applicable in VSA.
For complete details on Fees and Charges effective from 07th January, 2026 please click here.
Apply for Utkarsh Smart Business Account
FAQs
Average Quarterly Balance [AQB] is the average of your bank account's daily closing balances over a period of three months, calculated by summing all daily closing balances and dividing by the number of days in the quarter. AQB is computed on the combined balance of Utkarsh Smart Business Account & Virtual Savings Account.
Individuals & Sole-Proprietorships can open Utkarsh Smart Business Account.
Six cheque books free per quarter [each chequebook of 50 leaves] is available in Utkarsh Smart Business Account.
RuPay Select International Contactless Debit Card will be offered in Utkarsh Smart Business Account.
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