Diwali Gifts: Senior Citizens Can Make 8.4% On FD From This SFB For Limited Period

Unity SFB launched ‘Shagun 501’ deposit scheme from 1st October to 31st October this year. The tenure is for 501 days. there also Insurance until Available at 5 lakhs FD Till the period offered by DICGC.

Under this scheme, SFB is offering 7.9% p.a. to general customers, while the interest rate to senior citizens is 8.4% p.a.

Just a day before the start of Diwali festival on October 22, Unity SFB revised its fixed deposit rates.

normal range:

From October 21, 2022, Unity SFB is offering the rate of 7.65% on tenure of 2 years to 5 years, while the rate is 7.35% on tenure of 1 year to 500 days and further from 502 days to 18 months . There is an interest rate of 7.90% for the tenure of 501 days under the above mentioned scheme.

The bank offers 7.40% on tenure of 18 months to 2 years and 7% on tenure of 5 years to 10 years. An interest rate of 6.75% is applicable on a tenure of 181 days to 364 days.

On a shorter tenure of 7 days to 180 days, SFB is offering between 4.5% to 5.75%.

Senior Citizens:

For the elderly, SFB is offering a rate of 8.15% for tenures of 2 years to 5 years, while the rate is around 7.50% for tenures of 5 years to 10 years.

An interest rate of 7.85% is offered for 1 year to 500 days and further from 502 days to 18 months. The new deposit scheme with a tenure of 501 days has a rate of 8.40% which is available till 31st October. Meanwhile, an interest rate of 7.90% is offered on a tenure of 18 months to 2 years.

SFB is giving the rate of 7.25% on tenure of 181 days to 364 days. On tenures ranging from 7 days to 180 days, the rates range from 4.50% to 6.25%.

As per Unity SFB notification, for premature withdrawal of fixed deposit, the interest rate payable will be 1% less FD rate for the period for which the deposit is actually liquidated.