Good News for investors – This bank is now offering 9.5% for senior citizens and 9% for others on Fixed deposits.

Indians are obsessed with fixed deposits because they provide fixed and secured returns. But one of the biggest disadvantages is it offers low returns compared to other financial instruments.

To overcome this problem now, one of the banks of India is offering high returns in this sector, These returns are even more than corporate FD in a few cases.

Unity Small Finance Bank

Unity small finance bank is founded by BharatPe and Centrum Financial Services which aspire to become India’s first truly digital bank with various brick-and-mortar branches too. The combined expertise of Centrum and BharatPe will provide a strong leadership

This bank is offering a maximum interest rate of 9.5% for senior citizens and 9% for others and the tenure for that FD is 1001 days.

For 181 to 201 days interest rates are 9.25% for senior citizens and 8.75% are general FD rates.

We are providing the list of complete FD rates of unity small finance bank

Tenure	General FD Rates % p.a.	Senior Citizen FD Rates % p.a.
7-14 Days	4.50%	4.50%
15-45 Days	4.75%	4.75%
46-60 Days	5.25%	5.75%
61-90 Days	5.50%	6.00%
91-164 Days	5.75%	6.25%
165-180 Days	5.75%	6.25%
181-201 Days	8.75%	9.25%
202–364 Days	6.75%	7.25%
365 Days	7.35%	7.85%
1Year 1 day	7.35%	7.85%
>1Year 1 day – 500 days	7.35%	7.85%
501 Days	8.75%	9.25%
502 Days – 18 M	7.35%	7.85%
>18 M -1000 Days	7.40%	7.90%
1001 Days	9.00%	9.50%
1002 Days -3 Year	7.65%	8.15%
>3 Year – 5 Year	7.65%	8.15%
>5 Year – 10 Year	7.00%	7.50%

For Premature Fixed Deposit:

1. For premature withdrawal of a fixed deposit, the interest rate payable would be the corresponding FD rate minus 1.00% for the tenor for which the deposit has actually run.
2. The above card rates and premature penalty are also applicable to recurring deposits.

Note: Investments are subject to market risk, conduct proper research and apply your discretion before investing