Home Finance Bank FD: Customer Delight – This Small Finance Bank Increases FD Interest Rates, Rates Above 9%, Details Inside

Bank FD: Customer Delight – This Small Finance Bank Increases FD Interest Rates, Rates Above 9%, Details Inside

by khushahal vishwakarma
bank fd

Bank FD: Unity Small Finance Bank has made changes to the fixed deposit interest rates. They are offering interest rates ranging from 4.50% to 9% on FDs ranging from 7 days to 10 years. For senior citizens, the rates range from 4.50% to 9.5%.

Bank FD: A Preferred Investment Option-

Bank FDs are considered a preferred investment option. Instead of investing repeatedly, you need to make a one-time investment, after which the bank provides interest on the deposited amount. The higher the interest rate, the more profit you earn. Banks often modify these rates. During the festive season, many banks have begun to revise the fixed deposit interest rates, and Unity Small Finance Bank is among them. The bank has increased the interest rates on deposits of less than 2 crores.

Higher Returns for Senior Citizens

Unity Small Finance Bank currently offers interest rates ranging from 4.50% to 9% on FDs from 7 days to 10 years for regular citizens. For senior citizens, the rates range from 4.50% to 9.5%.

Highest Interest on FDs of Certain Durations

The highest interest rates are offered on deposits for 1001 days. For regular citizens, the interest rate is 9%, and for senior citizens, it’s 9.5%. On FDs of 701 days, regular citizens receive 8.95% interest, while senior citizens receive 9.45%. For 50-day FDs, regular citizens receive 8.75% interest, and senior citizens receive 9.25%. For 202-364 days FDs, the bank offers 8.75% for regular citizens and 9.25% for senior citizens.

Interest Over 7% on Certain Duration FDs

For a 1-year FD, regular citizens receive 7.35%, and for a 1-year and 1-day deposit, they also get 7.35%. On deposits with durations ranging from 1 year and 1 day to 500 days, the interest rate is 7.35%. For FDs with tenures from 502 days to 18 months, the interest rate is 7.35%. On FDs with tenures from 18 months to 700 days, regular citizens receive 7.40%, and for tenures from 702 days to 1000 days, they receive 7.40%. On 1002-day to 3-year fixed deposits, the bank offers 7.65% interest, and for FDs with tenures from 3 to 5 years, the interest rate is 7.65%. For FDs with tenures from 5 years to 10 years, the interest rate is 7%.

Interest Rates for Shorter Duration FDs

For 7-14 day FDs, the interest rate is 4.50%, for 15-45 day deposits, it’s 4.75%, for 46-60 day deposits, it’s 5.25%, for 61-90 day deposits, it’s 5.50%, and for 165-day to 6-month deposits, regular citizens receive 5.75% interest.

Note: These interest rates are subject to change, and checking with the bank for the most up-to-date information is advisable.

You may also like

Leave a Comment