Unity Small Finance Bank Hikes FD Interest Rate For Senior Citizens In A Special Offer
The Unity Small Finance Bank has recently launched a special offer, wherein the bank is offering higher interest rates on some FDs
Over the past few weeks, many banks and financial institutions have been offering increased interest rates on fixed deposits to attract more customers and capital. During the festive season of Dusshera and Diwali, multiple major banks in India announced increased interest rates on fixed deposits. On November 1, 2022, the Unity Small Finance Bank also announced a special limited-time offer where they would be providing increased interest rates on a specific fixed deposit that would last for 1 year and 1 day (366 days). Let’s take a closer look at this special offer.
Unity Bank Offers Special Interest Rates On 1 Year 1 Day Deposits
As per the recent offer released by Unity Small Finance Bank, they are offering a special offer on fixed deposits lasting 1 year and 1 day (366 days). In this special offer which is called the ‘Shagun 366’, the Unity Small Finance Bank is offering interest rate of 7.80% per annum for the general public and 8.30% per annum to senior citizens. However, it’s important to note that this special offer by the Unity Bank will only be valid for those customers who invest in the 1-year and 1-day fixed deposit between November 1, 2022, and November 30, 2022, and this deal would not be available after the month of November ends.
Unity Small Finance Bank Fixed Deposit Interest Rates
For FDs ranging from 7-14 days: The general FD interest rates for this tenure are 4.5% per annum. Senior citizens also have 4.5% interest rates for the same tenure FDs.
For FDs ranging from 15-45 days: The general FD rate for this time period is 4.75% per annum. As for senior citizen FDs, the interest rate remains the same at 4.75%.
For FDs ranging from 46-60 days: The general FD interest rate for this time period is 5.25%. Senior citizens are eligible to get 5.75% interest rates under the same tenure.
For FDs ranging from 61-90 days: The general FD interest rates for this tenure are 5.5% and senior citizens are eligible to get 6.00% interest rates for the same tenure.
For FDs ranging from 90-180 days: People invested in general FDs will get an interest rate of
5.75% for this tenure, whereas senior citizens will get interest rates of 6.25%.
For FDs ranging from 181 to 364 days: General FDs will get an interest rate of 6.75% and senior citizen FDs of the same tenure will receive 7.25% interest.
For FDs of exactly 365 days (1 year): The general FDs of this tenure will receive 7.35% interest whereas senior citizen FDs of the same tenure will receive 7.85% interest.
For FDs ranging from 1 year 1 day to 500 days: General FDs under this tenure will receive 7.35% interest rates and senior citizen FDs of this tenure will receive 7.85% interest.
For FDs ranging from 501 days to 18 months: General FDs under this tenure will get 7.35% interest and senior citizen FDs of the same tenure will receive 7.85% interest.
For FDs ranging from 18 months to 1 day to 2 years: General FDs under this tenure will receive 7.40% interest whereas senior citizen FDs under the same tenure will receive 7.90% interest.
For FDs ranging from 2 years 1 day to 3 years and 3 years 1 day to 5 years: The general FDs under these tenures will receive 7.65% interest rates and senior citizen FDs.
For FDs ranging from 5 years 1 day to 10 years: The general FDs under these tenures will get 7.00% and senior citizen FDs will receive 7.50% interest for this tenure.
Disclaimer: All of the interest rates mentioned in this article have been recorded from the bank’s official website and are liable to change in the future.