Senior Citizen FD: Just passed sixty? Then there are great investment opportunities at this time. Recently a small finance bank decided to change the interest on their fixed deposits. Know the details.
Senior Citizen FD: Unity Small Finance Bank has changed the interest rate on fixed deposits. The bank has changed the rate for deposits below Rs 2 crore. New interest rates are applicable in this small finance bank from June 14 this year. It is known that you can invest in this bank for a period of seven days to ten years. The bank currently offers interest rates ranging from 4.5 to 9 percent on term deposits. 9 percent interest is earned here on investment for 1001 days. But if you are over 60, you will get 9.5 percent interest rate.
According to bank sources, if you invest for a period of seven to 14 days, you will get 4.5 percent interest in this bank. 4.75 percent interest rate will be met in case of investment for a period of 15 to 45 days. 46 to 60 days fixed deposit will earn you 5.25 percent interest. 61 to 90 days term will attract interest rate of 5.5 percent. If you invest for 91 to 180 days, you will get 5.75 percent interest. 181 to 201 days term corresponds to 8.75 percent interest rate.
Earn 6.75 percent interest on investments for 202 to 364 days. 7.35 percent interest rate available for tenure of one year to 500 days. 501 will earn 8.75 percent interest on investment for days. 502 days for 18 months is available at 7.35 percent. 7.65 percent interest on investment for 1002 days to three years. 8.25 percent interest is available on investments for three years one day to five years. Fixed deposits for five years one day to ten years will fetch 7 percent interest.
In this bank, senior citizens will get 6 percent interest for a period of 61 to 90 days. Investments for 91 to 180 days will attract an interest rate of 6.25 percent. Get 9.25 percent interest for a period of six months from one day to 201 days. Investments for one year to 500 days fetch an interest rate of 7.85 percent. 502 days to 18 months on investment earns 7.85 percent interest. 1002 days to three years investment will earn 8.15 percent. 8.75 percent interest rate is available for tenures of three years one day to five years.
