Bumper FD Interest Rate: Unity Small Finance Bank has increased the interest rates of Fixed Deposit (FD) schemes. Senior citizens can now avail interest rate of up to 9 per cent on FDs invested for tenures of 181 days and 501 days respectively. The normal interest rate on FD for the same tenure is 8.50 per cent.
For tenures of 7-14 days and 15-45 days, the bank offers 4.50 per cent and 4.75 per cent interest rates on fixed deposits for both general and senior citizens categories. The normal FD rate in case of 46-70 days is 5.25 per cent, while for senior citizens the rate is 5.75 per cent. A detailed list of revised Fixed Deposit rates of Unity Small Finance Bank is given below. These changes are effective from November 18, 2022.
In the announcement, Unity Small Finance Bank has also stated that the interest rates are subject to change without any prior notice. Further, it is also mentioned that for premature withdrawal of Fixed Deposit, the interest rate payable will be FD rate minus 1.00% for the period for which the deposit has actually run.