Highest Fixed Deposit Interest Rates: We all like to invest in different places to keep our tomorrow financially secure. Everyone wants to invest a huge amount somewhere as per their convenience and get a good return later. For employed people, investing in schemes like Sukanya Samriddhi Yojana, PPF (Public Provident Fund), EPF (Employees Provident Fund) is considered a good option. However, some people also prefer to make fixed deposits.

Want to take advantage of the interest rate on the amount by fixing your amount in the bank for some time. If you also want to keep your money in fixed deposit, then for this you can know about those banks which offer higher interest rates than Sukanya Samriddhi or General Provident Fund. Let us know about two such banks which offer higher interest rates on FD.

Suryoday Small Finance Bank: FD Rates
Suryoday Small Finance Bank offers interest rates up to 9.60 percent on fixed deposits. The bank offers interest rates ranging from 4 percent to 9.1 percent to general customers on FDs of 7 days to 10 years. Up to 9.1 percent interest is given on FD of 5 years duration. Whereas, regular customers can get up to 9.10 percent interest on 5 year FD. At the same time, senior citizens get the benefit of 9.60 percent interest rate on FD of this period.

Unity Small Finance Bank: FD Rates
Unity Small Finance Bank offers interest rates ranging from 4.5% to 9% to regular customers. Whereas, senior citizens get annual interest rates up to 9.5%. The benefit of this percentage interest rate is available on the period of 1001 days. Senior citizens are given 4.5% to 9.5% interest on tenure ranging from 7 days to 10 years.

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Unity Small Finance Bank (SFB) has changed its interest rates on fixed deposit schemes with investment amount less than Rs 2 crore. According to the bank, the bank is paying 4.50% to 9% interest rate on FDs with maturity ranging from 7 days to 10 years. At the same time, 9% interest is being given to ordinary citizens on FD of 1001 days and it has been announced to give interest up to 9.50% to senior citizens.

New interest rates of Unity Small Finance Bank
Unity Small Finance Bank has implemented new interest rates on fixed deposits from June 14, 2023. According to the bank, 4.50% interest rate is being given on FDs maturing in 7 to 14 days and 4.75% interest rate on FDs maturing in 15 to 45 days. Unity Bank is offering 5.25% interest rate on FDs maturing in 46 to 60 days and 5.50% interest rate on FDs maturing in 61 to 90 days.

• FDs maturing between 91 and 6 months will now get 5.75% interest.
• 8.75% interest will be given on FDs with maturity between 6 months and 201 days.
• Paying 6.75% interest rate on FDs maturing in 202-364 days.
• 7.35% interest rate is being given on FDs maturing in 1 year to 500 days.
• An annual interest rate of 8.75% is being given on 501 days FD.
• Interest will be given at the annual rate of 7.35% on FD of 502 days to 18 months.
• Paying interest at the rate of 7.40% on FDs maturing in 18 months to 1000 days.
• On doing this in 1001 days, interest is being given at the rate of 9%.
• 7.65% interest rate is being given on FDs maturing in 1002 days to 3 years.
• 8.25% interest is being given on FD from 3 years to 5 years.
• 7.00% interest rate is being given on EFI maturing in 5 years to 10 years.

FD Interest Rates for Senior Citizens

Unity Small Finance Bank (SFB) (Unity Bank FD Rates) offers senior citizen customers 0.50% higher rate of interest on FD investment than normal customers. For senior citizens, interest rate ranging from 4.5% to 9.50% is being given on FDs with tenure between 7 days to 10 years.

Penalty on FD Premature

Withdrawal Unity Small Finance Bank (SFB) charges a penalty of 1.00% for premature withdrawal of Fixed Deposits and Recurring Deposits.

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