FD interest rates: This bank offers 9.5% fixed deposit interest rate for senior citizens, 9% for others
Unity Small Finance Bank has raised the interest rates on fixed deposits. Now, it offers senior citizens a maximum interest rate of 9.50% per year on fixed deposits held for 1001 days, while regular citizens earn 9.00% per year for the same time frame, according to a press release issued by the bank .FD interest rates
The bank offers an interest of 8.75% on tenure of 181-201 days and on 501 days. This small finance bank offers the highest interest rate of 9% on tenure of 1001 days.
FD interest rate for senior citizen
The bank offers best interest of 9.25% on tenure of 181-201 days and on 501 days. This small finance bank offers the highest interest rate of 9.50% on tenure of 1001 days.
For premature withdrawal of fixed deposit
According to the Unity Small Finance Bank, 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. 4. The above card rates and premature penalty are also applicable to recurring deposits.
Unity Small Finance Bank FD rates
TenureRegular citizens % Senior Citizen FD Rates % 7-14 Days4.50%4.50%15-45 Days4.75%4.75%46-60 Days5.25%5.75%61-90 Days5.50%6.00%91-164 Days5.75%6.25%165-180 Days5.75%6.25%181-201 Days8.75%9.25%202–364 Days6.75%7.25%365 Days7.35%7.85%1Year 1 day7.35%7.85%>1Year 1 day – 500 days7.35%7.85%501 Days8.75%9.25%502 Days – 18 M7.35%7.85%>18 M -1000 Days7.40%7.90%1001 Days9.00%9.50%1002 Days -3 Year7.65%8.15%>3 Year – 5 Year7.65%8.15%>5 Year – 10 Year7.00%7.50%
Unity Small Finance Bank savings account
Unity Small Finance Bank offers 6% on amounts up to Rs 1 lakh and 7% on amounts above Rs 1 lakh.
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This story originally appeared on: India Times - Author:Faqs of Insurances
