New Delhi. Private and government banks of the country are continuously increasing interest rates to make their Fixed Deposit (FD) scheme attractive. In the last financial year, the Reserve Bank had increased the repo rate continuously.
Recently, 2 small finance banks have increased the interest rates on FDs. Unity Small Finance Bank is giving up to 9 percent interest on FDs to its customers and Suryoday Small Finance Bank up to 9.1 percent.
Interest rates of Suryoday Small Finance Bank
Suryoday Small Finance Bank will now provide interest rate between 4 percent to 9.1 percent on fixed deposits maturing in 7 days to 10 years to general customers. Senior citizens will get an interest rate of 4.5 per cent to 9.6 per cent on the amount maturing in 7 days to 10 years.
The highest interest rate of 9.1 per cent is offered for a tenure of 5 years. These rates are effective from July 5, 2023. According to Suryoday Small Finance Bank officials, the best part is that regular customers can now get 9.10 per cent interest rate on 5-year deposits, while senior citizens can get 9.60 per cent interest rate.
Interest rates of Unity Small Finance Bank
Unity Small Finance Bank is offering interest rates ranging from 4.5 percent to 9 percent to general customers. General customers are offered the highest interest rate of 9% for a period of 1001 days. The bank is offering 9.5 percent interest rate on FD of 1001 days to senior citizens. Senior citizens are being offered an interest rate of 4.5 per cent to 9.5 per cent on FDs maturing in 7 days to 10 years. These rates are effective from June 14, 2023.
