New Delhi. Fixed deposit, i.e. FD, has always been the safest investment option. Due to the low level of interest rates, investors’ interest in it had declined slightly. Still, seniors still think it’s better to invest in fixed deposits. At the same time, due to the rapid increase in FD interest rates in recent days, FD is once again becoming the top choice for people of all ages. Some banks are now offering such high interest rates that people are getting out of mutual funds and investing in them.
If you are also planning to invest in fixed deposits, then this news will be very useful for you. While banks generally offer 6 to 7 percent interest on fixed deposits (FD rate), this bank offers a top rate of 9.5 percent. The special feature: In addition to saving, FD also offers the opportunity to save on income tax.
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Dhankuber became FD of this bank
We tell you that Unity Small Finance Bank gives you a chance to earn big. That is, he offers the highest interest rate for FD. Unity Small Finance Bank has the highest interest in FD compared to big banks. Unity Small Finance Bank (SFB) has changed its rates on fixed deposit schemes with less than Rs 2 crore invested.
Who will benefit and how much?
According to the bank, the bank pays an interest rate of 4.50% to 9% for FDs with a term between 7 days and 10 years. At the same time, an interest rate of 9% will be granted to ordinary people with a term of 1001 days, and it has been announced that senior citizens will be granted an interest rate of up to 9.50%. According to the bank, FDs with a maturity of 7 to 14 days carry an interest rate of 4.50% and FDs with a maturity of 15 to 45 days carry an interest rate of 4.75%. Unity Bank offers an interest rate of 5.25% for FDs with a term of 46 to 60 days and a rate of 5.50% for FDs with a term of 61 to 90 days.
Interest rates on FD for seniors
The bank offers older customers a 0.50% higher interest rate for FD investments compared to ordinary customers. For seniors, an interest rate between 4.5% and 9.50% is granted for FDs with a term between 7 days and 10 years. Seniors receive an offer of 9.25 percent interest on 501-day FD and 9.50 percent interest on 1001-day FD.
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Tags: Bank FD, FD prices, fixed deposits
FIRST RELEASED : Jun 20, 2023 1:44 PM IST
