New Delhi. Even today, the preferred investment option for a large number of Indians is fixed term deposits (FD). After the Reserve Bank of India (RBI) hiked the repo rate, banks raised interest rates on fixed deposits significantly. Now, the name of Unity Small Finance Bank has also been added to the list of banks that have hiked FD rates. The bank has increased interest rates on all fixed deposits (Unity Small Finance Bank FD Rates) by less than 2 million rupees.
After this increase, the bank now pays instead of 7, not 8, but full 9.50 percent interest. Means customers have a great chance to make money. Unity Small Finance Bank offers 9 percent interest for general citizens at 1001 days tenure and 9.50 percent interest for seniors and 9.25 percent interest for 501 days tenure for seniors.
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How much interest will be available on FD for what period of time?
Unity Bank is now paying 4.50% interest on FDs with a term of 7 to 14 days. At the same time, Unity Bank is offering 4.75% interest on FDs from 15 to 45 days. Unity Bank pays 5.25 percent interest on fixed deposits with a term of 46 to 60 days. The bank has announced it will pay 5.50 percent interest on FDs from 61 days to 90 days.
Unity Small Finance Bank pays 8.75 percent interest on the 181 to 201 day term deposit (FD). The bank has increased the interest rate on FDs with maturities from 1002 days to 5 years to 7.65 percent. Unity Bank pays 9.25 percent interest to seniors and 8.75 percent to general customers on FDs from 181 to 201 days and 501 days. This small financial bank has announced interest rates of 7.50 percent for seniors and 7 percent for general customers on FDs with a term of 5 to 10 years.
FD on profitable banking
FD in banks is a risk-free investment. Small financial banks pay more interest on fixed deposits than large banks. Because of the lack of risk of money decay and earning good returns, many people put money into fixed deposits.
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Tags: Bank FD, FD prices, fixed deposits, Here you can get good interest rates on FD
FIRST RELEASED : March 08, 2023 9:38 am IST
