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FD Investors: Big News! This bank is offering FD interest rate up to 9.5% to senior citizens, check details

Unity SFB FD Rates: Unity Small Finance Bank has revised its interest rates on fixed deposits of less than Rs 2 crore. The new rates are applicable from June 14, 2023, according to the Unity Small Finance Bank website.

On deposits with maturities ranging from 7 days to 10 years, the bank offers interest rates ranging from 4.50% to 9%. The general public can receive up to 9% on a deposit with a duration of 1001 days, while senior persons can earn up to 9.50%.

Unity SFB FD Rates

The bank offers a 4.50% interest rate on deposits maturing in the 7 to 14 days, and a 4.75% interest rate on deposits maturing in the next 15 to 45 days. Unity SFB offers a 5.25% interest rate on deposits having a tenor of 46 to 60 days, and a 5.50% interest rate on deposits with a tenor of 61 to 90 days.

Deposits maturing between 91 and 6 months will now yield 5.75%, while deposits maturing between 6 months and 201 days will earn 8.75%. According to Unity Small Finance Bank (SFB), the bank offers a 6.75% interest rate on deposits maturing in 202-364 days and a 7.35% interest rate on deposits maturing in 1 year to 500 days.

Unity Small Finance Bank (SFB) will pay interest on deposits with a tenor of 501 days at an annual rate of 8.75%; deposits with a tenor of 502 days to 18 months will pay interest at an annual rate of 7.35%.

Fixed deposits that mature in 18 months to 1000 days earn interest at a rate of 7.40%, while those that do so in 1001 days earn interest at a rate of 9%. The bank offers a 7.65% interest rate on deposits maturing in 1002 days to 3 years, 8.25% on 3 year to 5year and Unity SFB offers a 7.00% interest rate on deposits maturing in 5 years to 10 years.

Latest Unity SFB FD rates

TenureGeneral FD RatesSenior Citizen FD Rates
% p.a.% p.a.
7 – 14 Days4.50%4.50%
15 – 45 Days4.75%4.75%
46 – 60 Days5.25%5.75%
61 – 90 Days5.50%6.00%
91 – 164 Days5.75%6.25%
165 Days – 6 Months5.75%6.25%
> 6 Months – 201 Days8.75%9.25%
202 – 364 Days6.75%7.25%
1 Year7.35%7.85%
1 Year 1 day7.35%7.85%
> 1Year 1 day – 500 days7.35%7.85%
501 Days8.75%9.25%
502 Days – 18 Months7.35%7.85%
> 18 Months – 1000 Days7.40%7.90%
1001 Days9.00%9.50%
1002 Days – 3 Year7.65%8.15%
> 3 Year – 5 Year8.25%8.75%
> 5 Year – 10 Year7.00%7.50%

 

Senior citizen FD rates

The bank offers 0.50% higher interest rate to senior citizen customers. The interest rate ranges from 4.5% to 9.50% for tenure between 7 days to 10 years.

Premature withdrawal

For premature withdrawal of fixed deposit and recurring deposits, a premature penalty of 1.00% shall be charged to the rate applicable for the period the deposit has remained with the bank, or the contracted rate, whichever is lower, according to the website.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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