Savings account interest rate up to 7.75%: This bank hikes interest rates on savings accounts

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According to a Unity Small Finance Bank press release, “It has added additional slabs offering 7.50% p.a. on deposit balances greater than Rs. 20 lakhs and up to Rs. 5 crores. Also, it will offer 7.25% p.a. on deposits greater than Rs 5 Lakhs and up to Rs 20 lakhs.”

FD rates up to 8.40%: These banks have revised fixed deposit interest rates in January 2024

Unity Bank provides an interest rate of 6.00% per annum for deposits up to Rs 1 lakh and 7.00% per annum for balances beyond Rs 1 lakh up to Rs 5 lakhs. HNIs who keep their accounts over Rs 5 crores would receive 7.75% annual interest. Every slab has monthly interest paid on it.

Savings Account BalanceInterest rate p.a. (%)Up to Rs. 1 lakh6.00%> Rs. 1 lakh to Rs. 5 lakhs7.00%> Rs. 5 lakhs to Rs. 20 lakhs7.25%> Rs 20 lakhs to Rs. 5 crores7.50%> Rs. 5 crores7.75%

Latest Unity SFB FD rates
Unity Small Finance Bank offers interest rates between 4.50% to 9% for general citizens for ranging between 7 days to 10 years. On Fixed Deposits, Unity Bank continues to offer an interest rate of 9.50% p.a. to senior citizens and 9.00% p.a. to general investors for a tenure of 1001 days.

TenureGeneral FD RatesSenior Citizen FD Rates% p.a.% p.a.7 — 14 Days4.50%4.50%15 — 45 Days4.75%4.75%46 — 60 Days5.25%5.75%61 — 90 Days5.50%6.00%91 — 164 Days5.75%6.25%165 Days — 6 Months5.75%6.25%> 6 Months — 201 Days8.75%9.25%202 — 364 Days6.75%7.25%1 Year7.35%7.85%1 Year 1 day7.35%7.85%> 1Year 1 day — 500 days7.35%7.85%501 Days8.75%9.25%502 Days — 18 Months7.35%7.85%> 18 Months — 700 Days7.40%7.90%701 Days8.95%9.45%702 Days — 1000 Days7.40%7.90%1001 Days9.00%9.50%1002 Days — 3 Year7.65%8.15%> 3 Year — 5 Read more on economictimes.indiatimes.com