Unity Small Finance Bank (SFB) has increased its interest rates on fixed deposits of less than 2 crores. The bank is offering an interest rate between 4.50% and 7.00% on deposits with maturities ranging from 7 days to 10 years. General public can earn a maximum return of 9% on deposits of 1001 days duration, while senior citizens can earn up to 9.50%. According to the official website of Unity Small Finance Bank, the new FD rates will be effective from May 2, 2023.
Unity SFB FD Rates
The bank is offering an interest rate of 4.50% on deposits maturing in the next 7 to 14 days, and an interest rate of 4.75% is applicable on deposits maturing in the next 15 to 45 days. Unity SFB is offering an interest rate of 5.25% for deposits with a tenure of 46 to 60 days, and an interest rate of 5.50% for deposits with a tenure of 61 to 90 days.
Deposits with maturity between 91 and 6 months will now fetch 5.75% interest, while deposits with maturity between 6 months and 201 days will now fetch 8.75% interest. According to Unity Small Finance Bank (SFB), the bank is offering an interest rate of 6.75% on deposits maturing between 202-364 days and 7.35% on deposits maturing in 1 year to 500 days. Unity Small Finance Bank (SFB) will fetch interest at the rate of 8.75% for a deposit of 501 days, while 7.35% for a deposit of 502 days to 18 months.
Deposits maturing in 18 months and 1000 days carry an interest rate of 7.40%, while deposits maturing in 1001 days carry an interest rate of 9%. On deposits maturing in 1002 days to 5 years, the bank is offering an interest rate of 7.65% and for those maturing in 5 years – 10 years, Unity SFB is offering 7.00% returns.
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Meanwhile, Suryoday Small Finance Bank hikes interest rates on fixed deposits 2 crore on May 5, 49 to 160 basis points (bps) for tenors of 1 to 5 years. Now, the general public will earn 4% to 9.10% on their FDs, while senior citizens will earn 4.50% to 9.60%. year deposit, while senior citizens can get 9.60% interest rate,” Suryoday Small Finance Bank said in an official statement.
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