It appears that Unity Small Finance Bank and Suryoday Small Finance Bank are currently offering competitive fixed deposit (FD) interest rates. Here are the details:
Unity Small Finance Bank
1) Offers interest rates ranging from 4.5% to 9% on FDs.
2) Recently, the bank has been offering a special interest rate of 9.5% annually to senior citizens on FDs with a tenure of 1001 days.
3) For retail investors, the interest rate on 1001 days deposit is 9%.
4) Senior citizens can get interest rates ranging from 4.5% to 9.5% on deposits maturing in 7 days to 10 years.
5) These interest rates were effective from June 14, 2023.
Suryoday Small Finance Bank
1) Offers interest rates between 4% to 9.1% on FDs with tenures ranging from 7 days to 10 years.
2) Senior citizens can earn interest rates between 4.5% to 9.6% on deposits maturing in 7 days to 10 years.
3) The bank offers a 9.1% interest rate for a 5-year FD tenure.
4) These interest rates were implemented from July 5, 2023.
5) Senior citizens can get a higher interest rate of 9.60% on 5-year deposits.
Before investing in any FD, it’s essential to carefully consider the tenure, interest rate, and terms and conditions offered by the bank.
Additionally, it’s a good practice to compare these rates with other financial instruments and assess your financial goals and risk tolerance to make an informed investment decision.
Also, ensure that you are aware of any applicable taxes or penalties related to premature withdrawals.
