Two private sector small finance banks have also increased the interest rates on FDs for their customers. Unity Small Finance Bank and Sarvodaya Small Finance Bank are now offering 9% returns on FDs to their customers. Please tell that this interest rate is more than the interest rate available in FDs of many banks and even in many government schemes.
FD Rate Increased: In the recent past , the interest paid on Fixed Deposit (FD) has been increased by many banks for their customers. Now two private sector small finance banks have also increased the interest rates on FDs for their customers. Unity Small Finance Bank and Sarvodaya Small Finance Bank are now offering 9% returns on FDs to their customers. Please tell that this interest rate is more than the interest rate available in FDs of many banks and even in many government schemes.
Senior citizens will get more benefits
Unity Small Finance Bank is offering interest rates between 4.5% to 9% to its general customers. At the same time, this bank is offering returns at the rate of 9.5 percent to the customers falling in the category of senior citizens. Senior citizens are being offered an interest rate of 4.5% to 9.5% on FDs maturing in seven days to ten years. The highest interest rate of 9% is offered for a tenure of 1001 days.
Suryoday Small Finance Bank FD Interest Rate
Suryoday Small Finance Bank will now offer interest rates ranging from 4% to 9.1% on FGs maturing in seven days to 10 years to general customers. Senior citizens will get an interest rate of 4.5% to 9.6% on the amount maturing in seven days to ten years. The highest interest rate offered is 9.1% for a tenure of five years. These rates are applicable from 5 July 2023. An official at Suryoday Small Finance Bank said, “The best part is that regular customers can now get 9.10% interest rate on 5-year deposits, while senior citizens can get 9.60% interest rate.
