-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
Utkarsh Small Finance Bank to merge with parent company
- Thread starter HEHE
- Start date
shrewdoc
TF Legend
According to the article you shared,
So what I infer is, UCL is merging into USFBL; just like HDFC did with HDFC Bank.
no.. it will remain a bank.. no one will give up a banking license... it will just be structural.. so it may actually become better...
Its reverse merger. USFB will continue to work while UCL will cease to exist. 🙂 Have you FD with them without worries @8.5 or 9.1%(Senior Citizen). Suryoday/Unity has the highest RoI @8.65/9 for non- Sr citizens like us.
Better open Savings account rather than just keeping FD. Don't go throguh third party route of creating FD like with wintwealth, Airtel Thanks, Bajapay etc or other NBFC. Always have direct relation with bank.
Utkarsh allows online opening of acc. via vKYC and takes only 1 day to fully activate. Initial funding Rs.5000 for classic savings and only UPI can be used to fund it. I personally visited nearest branch for acc. So open a one for yourself. Tfr fund from other acc. and create FD.
Better open Savings account rather than just keeping FD. Don't go throguh third party route of creating FD like with wintwealth, Airtel Thanks, Bajapay etc or other NBFC. Always have direct relation with bank.
Utkarsh allows online opening of acc. via vKYC and takes only 1 day to fully activate. Initial funding Rs.5000 for classic savings and only UPI can be used to fund it. I personally visited nearest branch for acc. So open a one for yourself. Tfr fund from other acc. and create FD.
