The banks change the interest rates of savings, including FD.
Unity Small Finance Bank Limited (Unity Bank) has also increased the interest rates on Fixed deposits.
Senior citizens especially get the benefit of the highest interest rates.
By taking advantage of the particular FD issued by the banks, the profit of higher interest rates can be earned.
Getting the most benefit from this scheme
Let us tell you that Unity Small Finance Bank Limited (Unity Bank) has also come up with a similar particular FD scheme, in which more benefits can be availed by investing for a short time.
Under the bank’s particular FD, if a senior citizen invests on FDs of 181 days and 501 days,
he will benefit from a 9 percent interest rate. At the same time, retail investors will benefit from an 8.50 percent interest rate.
The interest rate is getting this much for the rest of the period
The bank offers a 4.50 percent interest rate on FDs maturing in 7 to 14 days, a 4.75 percent interest rate on FDs maturing in 15 to 45 days,
a 5.25 percent interest rate for FDs maturing in 46 to 60 days, 5.50 percent interest rates for 61 to 90 days FDs.
Interest rate and FD of 91 to 180 days will get the benefit of a 5.75 interest rate.
On the other hand,
an 8.50 percent interest rate will be given on 181-day particular FD and a 6.75 percent interest rate on FDs maturing in 182 days to 364 days.
