Gen-Nex Savings Account
Financial independence is as important as Literary Independence. Sow the seeds of financial discipline today. The Gen-Nex Savings Account can be opened jointly with a guardian and can be operated by the parent/ guardian until the minor becomes a major. Further, the account can be converted into a regular savings account. An average quarterly balance of 2,500 in metro/ urban Banking Outlets and 750 in semi-urban/ rural Banking Outlets is required to be maintained.
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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Facility to auto transfer funds to Minor's Account
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Unlimited Free ATM transactions across own bank ATMs within India
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Classic Rupay Debit Card with Unlimited Free ATM access at own Banks within India
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Customers are offered Higher ATM withdrawal and purchase limits
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Lower ATM withdrawal and purchase limits as protection against misuse
Interest Rate on Domestic Savings *:
| Balance in | Rate of Interest w.e.f. July 01, 2025 |
|---|---|
| Balance Upto 1 Lakh | 3.25% p.a. |
| Incremental balance above 1 Lakh upto 5 Lakhs | 5.00% p.a. |
| Incremental balance above 5 Lakhs upto 10 Lakhs | 6.00% p.a. |
| Incremental balance above 10 Lakhs upto 10 Crore | 7.25% p.a. |
| Incremental balance above 10 Crore upto 100 Crore | 7.50% p.a. |
| Incremental balance above 100 Crore | 7.00% p.a. |
* T&C Apply
*Important Point: No Additional Interest Rate for Senior Citizen.
Children below 18 years of age can open a Minor Savings Account with Utkarsh Small Finance Bank.
Apply to Gen-Nex Savings Account
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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