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Vipul Das

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

Additionally, Unity Bank raised the interest rates it provides on both callable and non-callable bulk deposits (Deposits higher than ₹2 crores). (iStock)

Unity Small Finance Bank (SFB) FD Rates

The bank will give an interest rate of 4.50% on deposits that mature in 7-14 days, and Unity SFB is offering an interest rate of 4.75% on deposits that mature in 15-45 days. On FDs maturing in 46 to 60 days, Unity SFB is giving an interest rate of 5.25%, and on those maturing in 61 to 90 days, it is offering an interest rate of 5.50%. Deposits that mature in 91 to 180 days will now pay 5.75% interest, while those that mature in 181 days will now earn 8.50% interest. The bank will give an interest rate of 6.75% on FDs maturing in 182 days to 364 days, and an interest rate of 7.35% on those maturing in 365 days (1 Year).

Unity Small Finance Bank is now offering an interest rate of 7.80% on FDs maturing in 1 year 1 day and an interest rate of 7.35% on those maturing in more than 1 year 1 day - 500 days. Deposits maturing in 501 Days will now fetch an interest rate of 8.50% and those maturing in 502 Days - 18 months shall now pay an interest rate of 7.35%. On FDs maturing in 18 Months to 2 Years, the bank is offering an interest rate of 7.40% and on those maturing in 2 Years to 5 years, Unity SFB is now offering an interest rate of 7.65%. Unity Small Finance Bank is now offering an interest rate of 7.00% on FDs maturing in 5 to 10 years.

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

“For premature withdrawal of fixed deposit, interest rate payable would be corresponding FD rate minus 1.00% for the tenor for which the deposit has actually run," the bank has said in a press release.

Unity Bank provides 7% annual interest on savings accounts for deposits over 1 lakh and 6% annual interest on deposits below 1 lakh.

ABOUT THE AUTHOR

Vipul Das

Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
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