If you are a Senior Citizen and are looking for a great interest rate for Fixed Deposit (FD) investment, then Unity Small Finance Bank Limited (Unity Bank) is offering you a great offer. .
Unity Small Bank is offering up to 9% interest on fixed deposits. After increasing the repo rate of the Reserve Bank, all the government and private banks of the country have increased the interest rates on fixed deposits.
Special offer for senior citizens
Unity Small Finance Bank is offering an interest rate of 9 per cent per annum on 181 and 501 days Fixed Deposits for senior citizens. Retail investors will get 8.50 per cent rate of interest on fixed deposits for this period. There is a great opportunity for those investing in fixed deposits. In the month of November, this bank had increased its interest rates twice.
Interest on Callable Deposit
Apart from this, Unity Bank is also offering attractive interest rates on both callable and non-callable bulk deposits (above Rs 2 crore). The maximum interest rate for non-callable bulk deposits is 8.10 per cent per annum, while callable bulk deposits will get interest at the rate of 8 per cent per annum. Non-callable deposits are those in which there is no premature withdrawal option.
How much interest on what?
Unity Bank is offering an interest rate of 4.50 per cent on fixed deposits maturing in 7-14 days. Offering an interest rate of 4.75 per cent on fixed deposits maturing in 15-45 days. If someone invests in FD maturing in 46 to 60 days, then he will get interest at the rate of 5.25%. The bank is offering an interest rate of 5.50% on FDs maturing in 61 to 90 days and 5.75% on FDs maturing in 91 to 180 days.
Interest on 181 days FD
You will get interest at the rate of 8.50 percent on FD maturing in 181 days. The bank is offering interest at the rate of 6.75 per cent on FDs maturing in 182 days to 364 days. Unity Bank is a scheduled commercial bank. Centrum Financial Services Limited is the promoter along with Resilient Innovations Pvt. Ltd. as the joint investor.
