Some time ago, banks drastically cut the interest rate on FDs, due to which people were avoiding investing money in FDs. But after the continuous increase in the repo rate of RBI, banks have also increased the interest rate on fixed deposits.
Due to which people are once again investing money in FD. There are many banks which are currently offering up to 9% interest on FDs. Anyway, bank FDs are considered to be the most preferred investment option as it is considered safer than investing in equities like stocks, SIPs or mutual funds (MFs).
If you are also planning to get FD in any bank. So today we are telling you about a bank where you can get bumper returns by making FD. This bank is Unity Small Finance Bank. Compared to commercial banks, small finance banks offer higher interest rates on fixed deposits or FDs.
Unity Small Finance Bank FD Rates
The bank is providing interest rate between 4.5% to 9% to the general customer. At the same time, the bank is giving an interest rate of 9.5% to senior citizens. These new rates are effective from 2 May 2023.
Unity Small Finance Bank FD Rates for Individuals
above 6 months & 201 days – 8.75%
501 days – 8.75%
1001 days – 9.00%
Unity Small Finance Bank FD Rates for Senior Citizens
above 6 months & 201 days 9.25%
501 days 9.25%
1001 days 9.50%
Utkarsh Small Finance Bank FD rates
Utkarsh Small Finance Bank now offers a maximum interest rate of 8.25% for general public and 9% for senior citizens on deposits maturing in 700 days. According to the official website of the bank, the new FD rates are effective till February 27, 2023. The bank offers fixed deposits to senior citizens with interest rates ranging from 4.75% to 9%.
Fincare Small Finance Bank FD rates
Fincare Small Finance Bank is now offering interest on fixed deposits between 3% to 8.4% for general citizens and between 3.60% to 9.01% for senior citizens. The highest interest rate of 9.01% is offered for a tenure of 1000 days. These rates are applicable from March 24, 2023.
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