SFB presents 9% returns on FDs to senior residents for a tenure of 181 & 501 days

Unity Small Finance Bank Limited (Unity Bank) has raised the rates of interest on mounted deposits it presents. As of November 18, 2022, the brand new rates of interest are in impact. Senior residents can now spend money on Fixed Deposits for 181 or 501 days at a wonderful fee of 9% per yr, in comparison with 8.50% for retail traders for a similar time durations. Customers can now earn the next fee of returns beating inflation due to the Bank’s second rate of interest adjustment in November. Additionally, Unity Bank raised the rates of interest it offers on each callable and non-callable bulk deposits (Deposits greater than ₹2 crores). Non-callable bulk deposits have a most rate of interest of 8.10% per yr, whereas callable bulk deposits have a cap of 8% per yr.

Unity Small Finance Bank (SFB) FD Rates

The financial institution will give an rate of interest of 4.50% on deposits that mature in 7-14 days, and Unity SFB is providing an rate of interest of 4.75% on deposits that mature in 15-45 days. On FDs maturing in 46 to 60 days, Unity SFB is giving an rate of interest of 5.25%, and on these maturing in 61 to 90 days, it’s providing an rate of interest of 5.50%. Deposits that mature in 91 to 180 days will now pay 5.75% curiosity, whereas people who mature in 181 days will now earn 8.50% curiosity. The financial institution will give an rate of interest of 6.75% on FDs maturing in 182 days to 364 days, and an rate of interest of seven.35% on these maturing in 12 months (1 Year).

Unity Small Finance Bank is now providing an rate of interest of seven.80% on FDs maturing in 1 yr 1 day and an rate of interest of seven.35% on these maturing in additional than 1 yr 1 day – 500 days. Deposits maturing in 501 Days will now fetch an rate of interest of 8.50% and people maturing in 502 Days – 18 months shall now pay an rate of interest of seven.35%. On FDs maturing in 18 Months to 2 Years, the financial institution is providing an rate of interest of seven.40% and on these maturing in 2 Years to five years, Unity SFB is now providing an rate of interest of seven.65%. Unity Small Finance Bank is now providing an rate of interest of seven.00% on FDs maturing in 5 to 10 years.

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Unity Small Finance Bank (SFB) FD Rates (theunitybank.com)

“For untimely withdrawal of mounted deposit, rate of interest payable can be corresponding FD fee minus 1.00% for the tenor for which the deposit has truly run,” the financial institution has stated in a press launch.

Unity Bank offers 7% annual curiosity on financial savings accounts for deposits over ₹1 lakh and 6% annual curiosity on deposits under ₹1 lakh.

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