Many companies come with many offers on the festival season, Small Finance Bank Limited has come up with a special scheme of FD for the investors, so this opportunity is golden for you. In this you will get 9 percent interest.
The festival season has started from the beginning of October. Everyone wants to make this season memorable. Keeping in mind Dussehra and Deepawali, many companies are presenting many special offers. In this episode, New Age’s digital first bank Unity Small Finance Bank has also brought a great offer for you.
If you also want to get strong returns by investing in fixed deposits in a safe way, then this news is for you. Unity Small Finance Bank Limited has come up with a special scheme of FD (Shagun 501) for the investors. The bank is giving 8.40 percent annual interest for senior citizens making FD.
‘Shagun 501’ new FD scheme-
Unity Small Finance Bank has started a new FD scheme named Shagun 501 keeping in mind Dussehra and Diwali. In this, customers will be given an attractive interest of 7.90 percent on FD for 501 days. This offer is being given by the bank on the amount deposited by 31 October.
Interest of 8.40% on making FD-
In a tweet made by the bank, it is written that this Dussehra and Diwali, let us start with a good omen with 501 day FD of Unity Bank. You can get this limited period offer of the bank on investing for 501 days. On this the bank is paying an interest of 7.9% per annum. On the other hand, if we talk about senior citizens, then they will get 8.4% interest on Shagun 501 new FD scheme.
Changes in callable and non-callable deposits also-
The bank has informed through a tweet that this Dussehra and Diwali do good omen, with 501 day FD of Unity Bank. Along with this, it has also changed the interest rates of its callable and non-callable bulk deposits. According to the bank, the bank will pay 7 percent interest on callable bulk deposits of more than Rs 2 crore. Whereas, the bank will get 7.25% interest on non-callable bulk deposits. Unity Small Finance Bank is a Scheduled Commercial Bank promoted by Centrum Financial Services Limited.
The Reserve Bank raised the repo rate by 5.9 percent-
Let us tell you that the RBI has increased the repo rate by 0.5 percent in the bi-monthly monetary policy review recently. With this the repo rate has gone up to 5.9%. This has reached its 3-year high.
