If you want to make your Diwali and Dussehra a memorable one, then this bank has brought you an amazing offer. Under this offer, the bank will give an interest of 7.9% to its general customers on making fixed deposits..
If you want to make your Diwali and Dussehra a memorable one, then this bank has brought you an amazing offer. New age digital first bank Unity Small Finance Bank has launched a special fixed deposit (FD) scheme named ‘Shagun-501’. Under this scheme, the bank will pay an interest of 7.9% to its general customers on fixed deposits, while 8.40 percent to senior citizens. The last date for making FD under this special FD scheme is till October 31. This decision has been taken by the bank after the Reserve Bank of India (RBI) increased the repo rate by 50 basis points. After this increase of 50 basis points, the repo rate has now gone up to 5.9%.
Change in callable and non-callable deposits
Unity Small Finance Bank wrote in a tweet, ‘This Dussehra and Diwali, start a good omen with 501 day FD of Unity Bank’. Along with this, Unity Small Finance Bank has also changed the interest rates of its callable and non-callable bulk deposits. On callable bulk deposits above Rs 2 crore, the bank will pay an interest of 7%, while for non-callable bulk deposits, the bank will pay an interest of 7.25%. Unity Small Finance Bank is a Scheduled Commercial Bank promoted by Centrum Financial Services Limited.
Iss Dussehra Aur Diwali, karo Acche Shagun ki Shurvaat, Unity Bank ke 501 Din FD ke saath.
Celebrate this Festive month with Unity Bank’s Limited Period Offer on Fixed Deposits for 501 days and earn upto 7.9% p.a. Senior Citizens earn up to 8.4% p.a.https://t.co/R4YWEKarxH pic.twitter.com/iesN42pCW9
— Unity Small Finance Bank (@UnitySFBank) October 1, 2022
FD rates change after repo rate hike
Let us tell you that the RBI has decided to increase the repo rate for the fourth time in a row on 30 September. The RBI has increased the repo rate from 5.40 percent to 5.90 percent, increasing the repo rate by 50 basis points. After this move, many banks of the country have increased the interest rate on their fixed deposits (FD).
