Shagun 501 FD: This offer is being given by the bank on the amount deposited by 31 October. In this you have to deposit money for 501 days?
Special FD Scheme: If you are also thinking of doing FD keeping in mind the needs of future children, then you must know that in which bank you will get the highest interest? Or in which bank your money will double in a short time. If you are looking for answers to these questions, then let us tell you that Unity Small Finance Bank Limited (Unity Bank) has launched a special FD scheme named Shagun 501.
‘Shagun 501’ New FD Scheme
The Shagun 501 FD scheme has been started by the bank keeping in mind Dussehra and Diwali. In this, customers are getting attractive interest of 7.90% on making FD for 501 days. At the same time, the interest rate for senior citizens is 8.40 percent per annum. This offer is being given by the bank on the amount deposited by 31 October.
Repo rate hiked to 5.90 percent
Let us tell you that from May till now, Reserve Bank of India has increased the repo rate by 1.90 percent in four times. In May, the repo rate was at 4 percent, which has now increased to 5.90 percent. After the increase in the repo rate, attractive interest rates are being offered by the banks. Actually, the purpose of RBI behind increasing the repo rate is to control inflation.
Interest rate also increased
With the increase in the repo rate, the interest rate has become expensive. But the good thing for investors is that interest rates on deposits have also increased. To celebrate the festive season, Unity Bank has come up with a special FD scheme with attractive interest rates.
In a tweet made by the bank, it was written, ‘This Dussehra and Diwali do good omen, with 501 days FD of Unity Bank. In this limited period offer of the bank, you can get interest of 7.9 percent p.a. on investing for 501 days. At the same time, senior citizens will get 8.4 percent interest on this.
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