Senior Citizen FD: If you are a senior citizen and want to earn good profits by investing in Fixed Deposit, then Unity Small Finance Bank Limited (Unity Bank) is offering a good offer. Unity Small Finance Bank is giving 9% interest on fixed deposits to senior citizens. The bank is giving this offer on Special FD.
After increasing the repo rate of the Reserve Bank of India, all the government and private banks of the country have increased the fixed deposits along with the loans (FD Rate Hike). Unit Small Finance Bank is giving 9 percent interest on FDs of 181 days and 501 days for an elderly person. At the same time, on this period, retail investors will be given interest of up to 8.50 percent on Fixed Deposit.
How much interest on which maturity
This bank has increased the interest on fixed deposits twice in the month of November. Because of this, it can be a good investment opportunity. This bank is giving interest of up to 4.50% on FDs maturing in 7 to 14 days. Interest on FDs of 15 to 45 days is paying up to 4.75 percent interest. At the same time, 5.25 percent interest is being given on FDs for 46 to 60 days and up to 5.50 percent on FDs of 61 to 90 days. Apart from this, interest of up to 5.75 per cent is being given on FDs of 91 to 180 days.
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Interest on 181 days FD
Interest up to 8.50 percent will be given on 181-day special FD. However, the bank is offering interest at the rate of 6.75 per cent on FDs maturing in 182 days to 364 days. Unity Bank is a scheduled commercial bank.
How much interest on callable bulk deposit
Unity Bank offers both callable and non-callable bulk deposits (above Rs 2 crore) fixed deposits, which are being given good interest. The maximum interest on non-callable bulk FD is 8.10 percent per annum and interest is being given up to 8 percent on callable bulk deposits.
Also read- Senior Citizens FD Scheme: This bank is giving the highest interest on FD to senior citizens, know how much return they are getting
