E-Collection Services – Utkarsh Bank

- COVID-19 Precautionary Steps
  
  Considering COVID-19 we have taken precautionary steps demanded by the situation. Our branches will be open, with required hygiene measures and reduced staff.
- Revision in Savings Account Interest Rates
  
  Revision in Savings Account Interest rates effective April 01, 2022
- Customer Compensation and Protection Policy limiting the liability of customers in unauthorized electronic transactions is available under Bank Policies section for perusal of customers.
- Our Avinashi branch located at The Utkarsh BANK Ltd. Shop No 5/215 Rajan Nagar Opp to weekly Market, K K Pudur post Avinashi Taluk, Tirupur - 641654, will be closed w.e.f April 30, 2022. It is being merged with our Tirupur branch.
- Personal Banking
- Corporate Banking

Group Loans
- Utkarsh Pragati
- Utkarsh Kiran

Product Overview

Collect funds in your designated Collection Account via inward NEFT/RTGS with our Virtual Account solution. You can identify your payer and enhance the visibility of your receivables. A comprehensive view of your collection will improve the way you manage it.

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

Eliminate the need to manually track deposits
Centralised monitoring of collections
Real time credit to respective Accounts
Actual Corporate Account details are not disclosed
Pre-validation before collection

Know Who's Paying: - Enables the Institutional Clients to identify the remitter with complete details of the Amount, their name and UTR Number.
Saving: - Significant administrative cost reduction by eliminating manually tracking of deposit.
Better Tracking of Receivables : -Centralised monitoring of collections. Corporates can link thousands of Virtual account to one master account.
Real Time Credit to Collection Account : -Accept payments via NEFT & RTGS. Instant refund of payments made to the wrong Virtual Account.

For detailed fees and charges please contact your Relationship Manager or visit your nearest branch.

Loan calculator

Type of Customer

Regular

Senior Citizen

Select Fixed Deposit Date

Type of Fixed Deposit

Amount (₹)

₹

₹ 1 Lac

₹10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

31%

Equated Monthly installments (EMI)

₹ 2,10,651

Need more Information?

Deposit Amount

Interest Earned

Interest Rate

8.00%

Interest Earned

₹ 3,50,452

Maturity Value

₹ 13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

Blogs

How to select the perfect Savings Account

Fixed Deposit Vs Public Provident Fund : Which is Better?

Everything you need to know before taking a loan for home

Top media stocks in India : Entertaining Income

Savings

Earn up to 7.50 %* on your Savings Account and get interest credited quarterly

Deposits

Earn interest rates up to 7.65 %* p.a. and 8.15 %* p.a. for Senior Citizens

Loans

Get Loan amount upto ₹10 Crores with Flexible Tenure upto 15 years

Insurance & Investment

Turn your surplus funds into security, for a better tomorrow

Location

You are never too far away from quick banking, check nearest Bank and ATM

Locate now

Contact

Incase you wish to speak to our banking experts for resolution

Connect now

Write to us

Whether it be a simple suggestion or feedback or an inquiry.

Click here

TOP

COVID-19 Precautionary Steps

Revision in Savings Account Interest Rates

E-Collection