This bank hikes FD interest rates for special tenure of 701 days, senior citizens to earn 9.45%

financialexpress.com:

Taking advantage of the high interest rate regime, Unity Small Finance Bank Limited (Unity Bank) — a new age, digital first bank — has hiked its interest rates offered on fixed deposits kept for 701 days.

It now offers senior citizens an attractive rate of 9.45% p.a. on fixed deposits invested for 701 days, whereas general investors will earn 8.95% p.a. for the same duration.

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. Additionally, for tenures of 181 – 201 days and 501 days, Unity Bank offers an interest rate of 9.25% p.a. to senior citizens and 8.75% p.a. to general investors.

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On Savings Accounts, Unity Bank offers an interest of 7% p.a. for deposits greater than Rs 1 lakh and 6% p.a. for deposits upto Rs 1 lakh.

Unity Bank is a scheduled commercial bank, promoted by Centrum Financial Services Ltd with Resilient Innovations Pvt Ltd as a joint investor.

Details across all tenures and amounts are given below:

A. FIXED DEPOSIT RATE: Retail Investors

The deposit interest rate stands revised from 09th Oct, 2023 as follows:

Note:

B. SAVING DEPOSIT RATE: Retail Investors

The Saving deposit interest rate stands revised from January 22, 2022 as follows: