Unity Small Finance Bank Limited (Unity Bank) offers Shagun 366, 1-year, 1-day fixed deposit, an attractive return of 7.80% p.a to retail customers while senior citizens at 8.30% p.a. for 366-day tenure year will earn. This comes soon after the huge popularity of the recently launched “Shagun” special fixed deposit. This deal is valid only for deposits made before November 30, 2022. Additionally, Unity Bank has increased interest rates on both callable and non-callable bulk deposits. 2 crore). Callable bulk deposits can earn up to 7.75% interest per annum. Whereas non-callable bulk deposits can earn up to 7.85% annual interest.
Unity Small Finance Bank (SFB) FD Rates
On deposits maturing in 7-14 days, the bank will offer an interest rate of 4.50% and on deposits maturing in 15-45 days, the bank is now offering an interest rate of 4.75%. Deposits maturing in 46-60 days will now get an interest rate of 5.25% and those maturing in 61-90 days will now get an interest rate of 5.50%. Unity Small Finance Bank will now offer an interest rate of 5.75% on deposits maturing in 91-180 days and the bank will now offer an interest rate of 6.75% on deposits maturing in 365 days (1 year), now avail interest rate will do 7.35%.
On deposits maturing in 1 year – 1 day the bank is offering an interest rate of 7.80% and on deposits maturing in 1 year 1 day to 18 months, Unity Small Finance Bank will now offer an interest rate of 7.35%. Deposits maturing in 18 months to 2 years will now get an interest rate of 7.40% and those maturing in 2 years to 5 years will now get an interest rate of 7.65%. The bank will now offer an interest rate of 7.00% on FDs maturing in 5 years to 10 years. These rates are effective from 1 November 2022.
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“For premature withdrawal of fixed deposits, the interest rate payable shall be minus 1.00% of the FD rate for the period for which the deposit is actually liquidated,” the bank said in a statement.
On the other hand, bank of india Ltd. has also introduced a special fixed deposit program for retail investors which offers the possibility to earn inflation-beating returns. ,Star Super Triple Seven Fixed Deposit“The scheme, announced today by BoI, is a special offer that allows depositors to earn an interest rate of up to 7.25% on deposits for 777 days and up to 7.75% for elderly persons.
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