Best High Fixed Deposit(FD) and Recurring Deposit (RD) Interest rates in Utkarsh Small Finance Bank Recurring Deposits Become future ready with Utkarsh Small Finance Bank’s Recurring Deposit scheme. It is just like your personal piggy bank, but the one that lets you avail competitive returns with a host of benefits. Now invest your monthly surplus in our Recurring Deposit scheme and give your funds a steady growth. To help you get started, we accept investment amount as little as   100. Note:  Minimum tenor of the recurring deposit offered would be six month.  Penalty on premature withdrawal is 1 % (not applicable for closure within 7 days) i.e. 1 % less than the card rate as on the date of deposit, for the period for which the deposit has remained with the Bank or 1% less than the contracted rate, whichever is lower.  For Recurring Deposits, in case of premature closure within a month, no interest shall be paid out to the customer & only the principal amount sha...