Unity Small Finance Bank Increases FD Interest Rates 9% If you are thinking of investing in fixed deposits, then this bank is offering a maximum interest rate of 9 percent. On the other hand, the outstanding interest rate of senior citizens is being given at the rate of 9.25 percent per annum.
If you are planning to invest on FD then you will not get a better opportunity than this. Unity Small Finance Bank Limited (Unity Bank) has increased the interest rates on its Fixed Deposit (FD) of less than 2 crores. Post the hike general investors will get whopping interest of 9.00% p.a. on fixed deposits booked for 1001 days.
In addition to the normal interest rates, senior citizens are being given an outstanding interest rate of 9.25 per cent per annum. And for general investors, an interest rate of 8.75 percent is being given for tenure of 181-201 days and 501 days.
New FD rate of Unity Bank
If you look at the new FD rates of Unity Small Finance Bank Limited Bank, they are something like this…
is offering an interest rate of 4.50% on fixed deposits maturing in 7 to 14 days, while Unity SFB is also offering an interest rate of 4.75% on deposits maturing in 15 to 45 days. An interest rate of 5.25% is being offered for deposits with a tenure of 46 to 60 days and 5.50% for deposits with a tenure of 61 to 90 days. FDs maturing between 91 and 180 days will now fetch an interest rate of 5.75%, while deposits maturing between 181 and 201 days will now fetch an interest rate of 8.75%.
There is also benefit on long term FD
Fixed deposits maturing in 202-364 days are offering an interest of 6.75%, while with Unity Small Finance Bank (SFB) deposits maturing in the next 365 to 500 days will fetch an interest rate of 7.35%. Unity Small Finance Bank (SFB) will fetch interest at the rate of 8.75% for a deposit of 501 days, while 7.35% for a deposit of 502 days to 18 months. Deposits maturing in 18 months – 1000 days now fetch an interest rate of 7.40% and deposits maturing in 1001 days now fetch a maximum interest rate of 9.00%.
