Investors seeking attractive fixed deposit (FD) options will be pleasantly surprised by Unity and Suryoday Small Finance Banks, offering interest rates exceeding 9%.
These rates surpass popular investment schemes such as Public Provident Fund (PPF), Employees’ Provident Fund (EPF), and Sukanya Samriddhi Yojana (SSY).
Unity Small Finance Bank’s Lucrative Rates
Unity Small Finance Bank provides regular customers interest rates ranging from 4.5% to 9% on their deposits.
Senior citizens enjoy an even more attractive interest rate of 9.5% on 1001 days fixed deposits.
Retail investors receive a substantial 9% interest rate. For deposits maturing in 7 days to 10 years, senior citizens enjoy interest rates between 4.5% to 9.5%. The bank revised its deposit interest rates on June 14, 2023.
- 9.00% interest on 1001 days deposit (Regular Customers)
- 9.50% interest on 1001 days deposit (Senior Citizens)
Suryoday Small Finance Bank’s Competitive Rates
Suryoday Small Finance Bank offers normal customers interest rates ranging from 4% to 9.1% on deposits maturing in 7 days to 10 years.
Meanwhile, senior citizens receive 4.5% to 9.6% interest on the same tenure. The highest interest rate of 9.1% is applicable for a 5-year tenure.
The bank introduced these rates on July 5, 2023.
- Interest rate of 9.10% for a period of 5 years (Normal Customers)
- Interest rate of 9.60% for a period of 5 years (For Senior Citizens)
These lucrative FD interest rates from Unity and Suryoday Small Finance Banks present an enticing opportunity for depositors seeking attractive returns on their investments.
