In the last one year, even though the RBI has increased the burden on the public by increasing the repo rate 6 times in a row, but in the meantime many banks have given gifts to the customers by increasing their fixed deposits (FD). . Unity Small Finance Bank is giving interest up to 9.50% on fixed deposits.
Unity Small Finance Bank is offering 9.5% interest to senior citizens on 1001 days FD. However, 9 percent interest is being given to retail investors on this. Bank retail investors are getting 8.75 per cent and senior citizens 9.25 per cent interest on the 501-day fixed deposit scheme of Unity Small Finance Bank.
Utkarsh Small Finance Bank is giving up to 9% interest on 700 days
FD Utkarsh Small Finance Bank is giving 8.25% interest to general investors and 9.00% to senior citizens on 700 days FDs. The bank is giving an interest rate of 7.50% to general customers and 8.25% to senior citizens on fixed deposits (FDs) of 701 days to 5 years.
Equitas Small Finance Bank is giving up to 9% interest for 888 days.
Equitas Small Finance Bank is giving up to 8.5% interest to common people and up to 9% interest to senior citizens on FDs of 888 days. Recently, the bank has changed the interest rates for FDs of less than Rs 2 crore. According to the official website of the bank, the new FD interest rates have come into effect from April 11, 2023.
The pace of increase in the repo rate has stopped after 6 consecutive shocks.
Recently, the Reserve Bank of India (RBI) has given great relief to the common man. Actually, in the first MPC meeting of the new financial year, it has been announced to keep the repo rate stable. The repo rate has been retained at 6.50 per cent. Earlier, RBI had increased the repo rate by 2.50 percent from May 2022 to February 2023.
