Unity Small Finance Bank FD Rates Hike : Unity Small Finance Bank has announced an increase in interest rates on Fixed Deposits. This small finance bank will now give up to 9.5 percent interest on fixed deposits to senior citizens. Now senior citizens will get 9.5 percent interest rate (Fixed Deposit Interest Rate) on fixed deposits of 1,001 days duration in the bank! At the same time, the common people are now going to get interest (FD Interest Rate) at the rate of 9 percent for the same period! The bank has given this information in a statement issued on 16 February.
Unity Small Finance Bank FD Rates Hike
Unity Small Finance Bank FD Rates Hike
For fixed deposits of 181 to 201 days duration and Rs 501 lakh, the bank will offer interest at the rate of 8.75 per cent to regular account holders. For savings account holders, Unity Bank is offering seven per cent interest rate (FD interest rate) on deposits above Rs 1 lakh. At the same time, the bank said that it will pay interest at the rate of 6% on fixed deposits up to Rs 1 lakh (Fixed Deposit Interest Rate).
Fixed Deposit Interest Rate 2023
This rate hike will be effective from February 15. The bank had earlier increased the interest rates on fixed deposits in November 2022 for the last time. Unity Bank is a Scheduled Commercial Bank promoted by Centrum Financial Services Limited. Whereas, Resilient Innovations Private Limited is the joint investor. In the last few months, most banks have increased the rates on their Fixed Deposits. Earlier, the Reserve Bank of India (RBI) has increased the repo rate to control inflation.
Many banks increased FD Interest Rates
On February 9, Kotak Mahindra Bank increased the Fixed Deposit Interest Rate by up to 25 basis points on fixed deposits of different tenures. For senior citizens, the bank is now offering up to 7.6 per cent interest on fixed deposits of up to Rs 2 crore. Let us know by how much the FD interest rates of some major banks have been increased.
Unity Small Finance Bank FD Rates Hike
In the last few months, most banks have increased the interest rates on deposits (FD Interest Rate) by one to two percent. Bandhan Bank increased the interest rate on fixed deposits by up to 50 basis points on 6 February. With this, the effective rate for senior citizens has reached 8.5 per cent. Similarly, some other banks have also increased the interest rates on Fixed Deposits. These include State Bank of India (SBI), HDFC Bank and Kotak Mahindra Bank.
FD Rate Hikes 2023: This bank is paying 7.85% interest on FD
Punjab National Bank, one of the largest government banks in the country, has increased the interest rates on FDs by giving a big gift to its customers. According to the information released by PNB, the bank is paying interest up to 7.85 percent on FD (Fixed Deposit Interest Rate) of 600 days. Under this offer of the bank, customers can get great returns on 600 days Fixed Deposit.
Fixed Deposit Interest Rate: Bandhan Bank has also launched 600 days FD scheme
Earlier, Bandhan Bank had launched a new FD scheme (Fixed Deposit Interest Rate). Under this scheme, the investor is getting up to 8 percent interest on FD of 600 days. In this FD Interest Rate scheme, started for a limited time, the common investor is being given interest at the rate of 7.5%, while the senior citizen can get up to Rs 2 crore. Fixed Deposit Interest is being given at the rate of 8% on the investment.
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