Banks have been increasing the interest rates on their Fixed Deposits (FD) since May last year. Banks are increasing interest rates on term deposits after continuous increase in the repo rate by the Reserve Bank (RBI).
Unity Bank is offering an attractive interest of 9.5% to its customers on fixed deposits. Unity Bank is offering 9.50% interest to its senior citizen customers on select tenor Fixed Deposits.
9.5% interest on 1001 days Fixed Deposit
Unity Bank is giving 4.5 to 9% interest to its general customers. At the same time, the bank is offering an interest rate of 9.5% to its senior citizen customers on fixed deposits of 1001 days. At the same time, general customers will get 9% interest on fixed deposits of 1001 days.
9.25% interest on fixed deposits of this period
Unity Bank is giving 8.75% interest to general customers on fixed deposits ranging from 181 days to 201 days and 501 days. At the same time, the bank is giving 9.25% interest to senior citizens on fixed deposits of this duration. If a customer withdraws the Fixed Deposit before maturity, then the interest received will be deducted by 1%.
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