RBI has increased the repo rate to 6.5 percent. As a result of which banks have also increased the interest rates on Fixed Deposits (Highest FD Rates).
Unity Small Finance Bank (Unity Bank) has also revised the interest rates on FDs. Unity Bank will now give 9.50 percent interest on 1001 days fixed deposits to senior citizens. While general customers have been offered 9% interest on 1001 days FD.
Unity Small Finance Bank has increased the interest rates on Fixed Deposits (Highest FD Rates) of almost all tenures from 15 February. According to Unity Bank, on fixed deposits of 181 days to 201 days, the bank will give 8.75 percent interest to general customers. Whereas, interest of 7.65% has been offered on fixed deposits with maturity ranging from 1002 days to 5 years.
Fixed Deposit Rates of Unity Small Finance Bank
Unity Small Finance Bank is offering 4.50% interest on 7-14 day fixed deposits to general customers. At the same time, Unity Small Finance Bank is paying 4.75% interest on FDs of 15 days to 45 days. Unity Bank has offered an interest rate of 5.25% on fixed deposits with maturity of 46 days to 60 days. At the same time, interest of 5.50% is being given on fixed deposits of 61 days to 90 days.
9.25 percent interest on fixed deposits of this time period
Unity Small Finance Bank is paying 9.25% interest to senior citizens and 8.75% to general customers on 181-201 days and 501 days fixed deposits. Small Finance Bank is giving 9.00 percent interest rate to general customers on investment for 1001 days, while on the same tenure it has offered 9.50 percent interest rate to senior citizens. At the same time, the bank is giving 7.50% interest to senior citizens and 7% to general customers on fixed deposits ranging from 5 years to 10 years.
Unity Bank’s interest rates for different periods
Unity Small Finance Bank is offering an interest rate of 5.75% on fixed deposits of 91 days to 180 days to ordinary citizens. While on fixed deposits from 181 days to 201 days, the bank will pay 8.75% interest.
The bank is paying 6.75% interest on FDs with maturity of 202 days to 364 days. Unity Small Finance Bank is paying 7.35% interest on FDs of 365 days to 500 days. The bank has offered an interest rate of 7.65% on fixed deposits with maturity ranging from 1002 days to 5 years.
