If you are thinking of earning strong returns by making fixed deposits, then a bank has brought a special offer for you. Unity Small Finance Bank (Unity Bank) has increased interest rates on fixed deposits of less than Rs 2 crore.
The bank’s new interest rates on Fixed Deposit (FD) are applicable from 15 February 2023.Unity Small Finance Bank will now give 9.50% interest on 1001 days fixed deposits to senior citizens. At the same time, common customers will get 9% interest on FD of 1001 days.
9.25% interest on fixed deposits of this time period
Unity Small Finance Bank (Unity Bank) is giving 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 paying 7.50% interest to senior citizens and 7% to general customers on fixed deposits ranging from 5 years to 10 years.
Fixed Deposit Rates of Unity Small Finance Bank
The bank is now offering 4.50% interest on 7-14 day fixed deposits. At the same time, Unity Small Finance Bank is paying 4.75% interest on FDs of 15 days to 45 days. Unity Bank is offering 5.25% interest on fixed deposits with maturity of 46 days to 60 days. At the same time, interest of 5.50% is being paid on fixed deposits of 61 days to 90 days.
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. While on fixed deposits of 181 days to 201 days, the bank will pay interest of 8.75 percent. The bank is paying 6.75% interest on FDs with maturity of 202 days to 364 days. Unity Small Finance Bank will pay 7.35% interest on FDs of 365 days to 500 days. The bank will pay an interest of 7.65% on fixed deposits with maturity ranging from 1002 days to 5 years.
