Fixed Deposit Scheme – If you also want to get big interest by investing in FD, then this news is for your benefit. In fact, this bank is getting fat interest of up to ten percent on FD.
The Reserve Bank of India has increased the repo rate to 6.5 percent this month, after which there has been pressure on the banks to increase the interest on the deposit scheme. Due to this, banks are rapidly revising interest rates on deposit schemes like FD and RD. Small finance banks have offered to give more than 9 percent interest rate to seniors. Among these, Unity Small Bank and ESF Small Bank are offering attractive interest rates on FDs.
Unity Small Finance Bank has increased the interest rates on Fixed Deposit. The bank has offered 9.50 percent interest to senior citizens on 1001 days fixed deposits, which is said to be the highest in terms of FD investment. At the same time, general customers have been offered interest at the rate of 9 percent on FD (Fixed Deposit) of 1001 days.
Interest rates on Fixed Deposit Scheme of Unity Bank-
Unity Bank is offering offers to general citizens and senior citizens to invest in FDs for tenures ranging from 7 days to 10 years. Unity Bank is paying 5.25 per cent interest on fixed deposits with maturity of 46 days to 60 days. The bank has announced to pay 5.50 percent interest on FDs of 61 days to 90 days. The bank will give 8.75 percent interest on fixed deposits ranging from 181 days to 201 days.
The bank has increased the rate of interest on FDs with maturity ranging from 1002 days to 5 years to 7.65 percent. Unity Bank is paying 9.25 percent interest to senior citizens and 8.75 percent to general customers on FDs of 181-201 days and 501 days. This small finance bank has announced an interest rate of 7.50 per cent for senior citizens and 7 per cent for general customers on FDs ranging from 5 years to 10 years.
Interest rate on FD scheme of ESAF Bank-
ESAF Small Finance Bank, another bank in the small finance sector, is offering general citizens and senior citizens to invest in FDs for 7 days to 10 years. The bank is paying interest between 4 per cent to 8.10 per cent on FDs of 7 days to 10 years.
Whereas, 4.50% to 8.60% interest is being given to senior citizens on FDs of 7 days to 10 years. The bank is giving a maximum interest rate of 8.10 percent on FDs maturing in 999 days to ordinary citizens. Whereas, the bank has offered 8.60 percent interest rate to senior citizens on FD of Same Tenure. Explain that the bank has made the new interest rates on all FDs effective on 15 February 2023.
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