Let us tell you that the Reserve Bank (RBI) did not make any change in interest rates for the fourth consecutive time on October 6. The benchmark repo rate is at 6.50 percent from February 2023. During this period, FD interest rates have increased.
In recent times, the money deposited in banks has started earning more profits. Many banks are offering more than 9 percent interest on fixed deposits. Unity Small Finance Bank Limited (Unity Bank) has also changed the interest rates of FD. According to the statement issued by Unity Small Finance Bank Limited, the interest rates offered on FDs kept for 701 days have been increased. For this period, general customers will get interest at the rate of 8.95%. Whereas, senior citizens will be given interest at the rate of 9.45%. Let us tell you that this bank is giving interest up to 9.50% per annum to elderly customers.
Duration General Senior Citizen
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 days-6 months 5.75 % 6.25%
> 6 Month – 201 Days 8.75% 9.25%
202 – 364 Days 6.75% 7.25%
1 Year 7.35% 7.85%
1 Year 1 Day 7.35% 7.85%
1 Year 1 Day – 500 Days 7.35% 7.85%
501 Days 8.75% 9. 25 %
502 days – 18 months 7.35% 7.85%
> 18 months – 700 days 7.40% 7.90%
701 days 8.95% 9.45%
702 days – 1000 days 7.40% 7.90%
1001 days 9.00% 9.50%
1002 days – 3 years 7.65% 8.15%
> 3 years – 5 years 7.65% 8.15%
> 5 years – 10 years 7.00% 7.50%
Let us tell you that the Reserve Bank of India (RBI) did not make any change in interest rates for the fourth consecutive time on October 6.The benchmark repo rate is at 6.50 percent from February 2023.During this period, FD interest rates have increased.
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