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FD Interest Rates: This bank has changed the interest rates of FD; Offers 9.5% fixed deposit rate to senior citizens

Unity Small Finance Bank has revised the interest rates on fixed deposits with effect from May 2, 2023. Now, it offers senior citizens a maximum interest rate of 9.50% per year on fixed deposits held for 1001 days, while regular citizens earn 9.00% per year for the same time frame, according to the bank website.

Unity Small Finance Bank FD interest rates

It offers interest rates ranging from 4.5% to 9% for normal citizens. Senior citizens will receive an interest rate of 9.5% on fixed deposits held for durations of 1001 days, compared to 9% for retail investors for the same terms.

Latest Unity Small Finance Bank FD

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 Year7.65%8.15%
> 5 Year – 10 Year7.00%7.50%

 

Premature withdrawal of fixed deposit

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.

Other small finance bank

For deposits maturing between 7 days and 10 years, Suryoday Small Finance Bank offers interest rates ranging from 4% to 8.51% to regular citizens. Utkarsh Small Finance Bank customers (general citizens) can earn interest rates ranging from 4 per cent to 8.25% for deposits maturing between 7 days and 10 years.

For FDs with maturities ranging from 7 days to 10 years, Jana Small Finance Bank offers interest rates ranging from 3.75 percent to 8.15 percent to the general public
Ujjivan Small Finance Bank offers interest rates between 3.75% and 8.25% to general citizens on FDs maturing between 7 days and 10 years. Fincare Small Finance Bank offers interest rates ranging from 3% to 8.11%to general residents and up to 8.71 per cent to senior citizens for term deposits maturing between 7 days and 10 years. ESAF Small Finance Bank offers interest rates between 4% and 8.50%on deposits maturing between 7 days and 10 years to general citizens.

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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