This bank now offers up to 9.5% FD interest rate; Check details The latest FD interest rates are applicable from May 1, 2024, according to the Unity Small Finance Bank website
Unity Small Finance Bank (SFB) has revised its interest rates on fixed deposits for amounts below Rs 2 crore. The latest FD interest rates are applicable from May 1, 2024, according to the Unity Small Finance Bank website.Latest Unity SFB FD interest rates
On deposits with maturities ranging from 7 days to 10 years, the bank offers interest rates ranging from 4.50% to 9% for general citizens The highest interest rate of 9% on tenure of 1001 Days. Unity Bank offers an interest rate of 8.95% to senior citizens on tenure of 701 days.TenureGeneral FD Rates% p.a.7 - 14 Days4.50%15 - 45 Days4.75%46 - 60 Days5.75%61 - 90 Days6.00%91 - 164 Days6.25%165 Days - 6 Months6.25%> 6 Months - 201 Days8.50%202 - 364 Days7.25%1 Year7.85%1 Year 1 day7.85%> 1Year 1 day - 500 days7.85%501 Days8.75%502 Days - 18 Months7.85%> 18 Months - 700 Days7.90%701 Days8.95%702 Days - 1000 Days7.90%1001 Days9.00%1002 Days - 3 Year8.15%> 3 Year - 5 Year8.15%> 5 Year - 10 Year7.50%
Senior citizens interest rate
On deposits with maturities ranging from 7 days to 10 years, the bank offers interest rates ranging from 4.50% to 9.50% for general citizens The highest interest rate of 9.50% on tenure of 1001 Days. Unity Bank offers an interest rate of 9.45% to senior citizens on tenure of 701 days
TenureSenior Citizen FD Rates% p.a.7 - 14 Days4.50%15 - 45 Days4.75%46 - 60 Days6.25%61 - 90 Days6.50%91 - 164 Days6.75%165 Days - 6 Months6.75%> 6 Months - 201 Days9.00%202 - 364 Days7.75%1 Year8.35%1 Year 1 day8.35%> 1Year 1 day - 500 days8.35%501 Days9.25%502 Days - 18 Months8.35%> 18 Months - 700 Days8.40%701 Days9.45%702 Days - 1000 Days8.40%1001 Days9.50%1002 Days - 3 Year8.65%> 3 Year - 5 Year8.65%> 5 Year - 10 Year8.00%
Premature withdrawal
If a fixed deposit or recurring deposit is withdrawn prematurely, a 1.00% penalty will be applied to the rate applicable for the deposit's duration or the negotiated rate (whichever is lower).
This story originally appeared on: India Times - Author:Faqs of Insurances
