- 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

Overdraft against Fixed Deposit

Imagine having the ability to access funds whenever you need them, while only paying interest on the amount you actually use. With USFB's Overdraft Against Fixed Deposits, you can enjoy this convenience and more.

An overdraft against a fixed deposit (FD) allows you to borrow funds up to a certain limit against the value of your FD. This provides you with liquidity without the need to break the FD prematurely. The best part? You only pay Interest on the amount withdrawn while the FD continues to earn interest.

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

Manage your urgent financial needs (household or business requirements) without liquidating your Fixed deposit.

Interest charged on the amount utilized and for the tenure of utilization.
No early withdrawal penalties.
In case of emergency, instead of breaking your Fixed Deposit, you can take a loan against it.
Gain access to liquid funds at competitive rates.

Below entities are eligible to avail OD against FD

Individual Resident of India
Sole Proprietor, Hindu Undivided Family (HUF), Partnership
Public and Private Limited Company
TASC, Society and other Banks

Apply to Overdraft against Fixed Deposit

Apply now

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.)

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