highlights
Up to 9.1% interest is available for FD from Suryoday Small Finance Bank
Up to 9% interest on FD at Unity Small Finance Bank
In the last financial year, RBI continuously increased the repo rate.
New Delhi. The country’s private and state-owned banks are continually raising interest rates to make their fixed-term deposit (FD) system attractive. In the last financial year, the Reserve Bank had steadily increased the repo rate. Recently, two small financial banks raised interest rates on FDs. Unity Small Finance Bank gives its clients up to 9 percent interest on FDs and Suryoday Small Finance Bank up to 9.1 percent.
Suryoday Small Finance Bank interest rates
Suryoday Small Finance Bank is now offering general customers an interest rate between 4 and 9.1 percent on term deposits with maturities of 7 days to 10 years. Seniors receive an interest rate of 4.5 percent to 9.6 percent on the amount with a term of 7 days to 10 years. The highest interest rate of 9.1 percent is offered with a term of 5 years. These rates will be in effect from July 5, 2023. The best part, according to representatives from Suryoday Small Finance Bank, is that regular customers can now get a 9.10 percent rate on 5-year deposits, while seniors can get a 9.60 percent rate can get.
Also read this – 5 lakh interest will be available on FD from Rs 5 lakh ie Rs 10 lakh direct, SBI’s special FD is very special
Unity Small Finance Bank interest rates
Unity Small Finance Bank offers interest rates ranging from 4.5 percent to 9 percent for general customers. General customers are offered the highest interest rate of 9% for a period of 1001 days. The bank offers seniors an interest rate of 9.5 percent on FD of 1001 days. Seniors are offered an interest rate of 4.5 to 9.5 percent on FDs with terms from 7 days to 10 years. These rates are effective from June 14, 2023.
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Tags: Bank FD, FD prices, fixed deposits, Tips for making money
FIRST RELEASED : Jul 19, 2023 2:49 PM IST
