The bank has given a big good news to its customers. The bank has increased the interest rate given on FD. These interest rates have been increased on FDs with amount less than Rs 2 crore. Unity Bank has decided to increase the interest rates on FDs with a tenure of 701 days. The increased interest rates have been implemented from 9 October 2023. Now customers of this bank can get higher returns on their FD during the festive season.
Unity Small Finance Bank Limited has given a big good news to its customers during the festive season. This bank has increased the interest rate offered on fixed deposits (FD). The increased interest rates have been implemented from 9 October 2023. These interest rates have been increased on FDs with amount less than Rs 2 crore. Unity Bank has decided to increase the interest rates on FDs with a tenure of 701 days. After the latest increase, this bank is offering interest at the rate of 9.45 percent per annum to senior citizens. On the same period, the bank is offering annual interest of 8.95 percent to the general customers.
Highest interest is being received on this period
Unity Small Finance Bank is offering the highest interest rate of 9.50 percent per annum to the customers of senior citizens category on FD with a tenure of 1001 days. At the same time, this bank is offering interest at the rate of 9 percent on the same period to the general customers. Apart from this, this bank is offering 9.25 percent annual interest to senior citizens and 8.75 percent to general customers for the period of 181-201 days and 501 days. Unity Small Finance Bank is now offering interest rates ranging from 4.5 percent to 9 percent per annum to its general customers on FDs with tenure ranging from 7 days to 10 years. At the same time, it is offering interest rates ranging from 4.5 percent to 9.5 percent per annum to the customers falling in the senior citizens category.
BoB also increased the interest rate on FD
Giving good news to its customers, public sector Bank of Baroda (BoB) has also decided to increase the interest rate on FD. The bank has increased the interest rate for its customers by up to 50 bps. This new interest rate has come into effect from October 9. The new interest rates are applicable on FDs of less than Rs 2 crore. Yes Bank has decided to reduce the interest rates on FDs with amount less than Rs 2 crore. Apart from this, IndusInd Bank and Punjab and Sindh Bank have also changed the interest rates on their FDs.
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