NEWS

Private sector bank hikes interest rates of fixed deposits

Mumbai: Leading new-age bank in the country,  Unity Small Finance Bank has hiked the interest rates of fixed deposit (FD) schemes.  The lender is now offering an interest rate of 9% on FDs invested for tenures of 181 days and 501 days respectively by senior citizens.

For a tenure of 7-14 days and 15-45 days, the bank offers 4.50% and 4.75% interest rates on fixed deposits both for the general and senior citizens’ categories. In the case of 46-70 days, the general FD rate is 5.25%, while that of senior citizens’ is 5.75%.

Also Read:  ITTF-ATTU Table Tennis Asian Cup: Manika Batra creates history by winning bronze medal 

Unity Small Finance Bank has also mentioned that for premature withdrawal of fixed deposit, interest rate payable would be corresponding FD rate minus 1.00% for the tenor for which the deposit has actually run.

shortlink

Post Your Comments


Back to top button