Utkarsh Small Finance Bank (Utkarsh) IFSC Code — Complete Guide
Utkarsh Small Finance Bank received its banking licence from RBI in 2017, evolving from Utkarsh Micro Finance, a Varanasi-based NBFC. With 900+ branches across 26 states and strong presence in Uttar Pradesh, Bihar, Jharkhand, and Madhya Pradesh, Utkarsh SFB focuses on microfinance, MSME credit, and retail banking for low-income households in the Hindi belt. It is one of the fastest growing SFBs in India.
How to Find Utkarsh IFSC Code
- Use the search tool above — select state, district and branch
- Check your Utkarsh cheque book — IFSC at top of every leaf
- Front page of your Utkarsh passbook
- Utkarsh net banking → Account Details
Are Small Finance Bank Deposits Safe?
Yes. All Small Finance Banks are regulated by the Reserve Bank of India (RBI) under the Banking Regulation Act, 1949. Deposits up to ₹5 lakh per depositor are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC). SFBs typically offer higher interest rates on savings accounts and FDs than commercial banks.
NEFT, RTGS and IMPS Availability
- NEFT: Available 24×7. All SFBs are fully NEFT-enabled. Settled every 30 minutes.
- RTGS: Available 24×7. Minimum ₹2 lakh. Suitable for high-value transfers.
- IMPS: 24×7 instant transfers. All SFBs support IMPS up to ₹5 lakh.
Why SFBs Have Unique IFSC Codes
Each Small Finance Bank branch has its own unique IFSC code just like any scheduled commercial bank. SFBs participate fully in India's electronic payment network (NEFT/RTGS/IMPS) and have IFSC codes assigned by RBI. The first 4 characters identify the SFB, and the last 6 identify the specific branch.