Unity Small Finance Bank has revised the interest rates on fixed deposits with effect from May 2, 2023. Now, it offers senior citizens a maximum interest rate of 9.50% per year on fixed deposits held for 1001 days, while regular citizens earn 9.00% per year for the same time frame, according to the bank website.
Unity Small Finance Bank FD interest rates
It offers interest rates ranging from 4.5% to 9% for normal citizens. Senior citizens will receive an interest rate of 9.5% on fixed deposits held for durations of 1001 days, compared to 9% for retail investors for the same terms.
Latest Unity Small Finance Bank FD
| Tenure | General FD Rates | Senior Citizen FD Rates |
| % p.a. | % p.a. | |
| 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 Months – 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% |
| > 1Year 1 day – 500 days | 7.35% | 7.85% |
| 501 Days | 8.75% | 9.25% |
| 502 Days – 18 Months | 7.35% | 7.85% |
| > 18 Months – 1000 Days | 7.40% | 7.90% |
| 1001 Days | 9.00% | 9.50% |
| 1002 Days – 3 Year | 7.65% | 8.15% |
| > 3 Year – 5 Year | 7.65% | 8.15% |
| > 5 Year – 10 Year | 7.00% | 7.50% |
Premature withdrawal of fixed deposit
For premature withdrawal of fixed deposit and recurring deposits, a premature penalty of 1.00% shall be charged to the rate applicable for the period the deposit has remained with the bank, or the contracted rate, whichever is lower.
Other small finance bank
For deposits maturing between 7 days and 10 years, Suryoday Small Finance Bank offers interest rates ranging from 4% to 8.51% to regular citizens. Utkarsh Small Finance Bank customers (general citizens) can earn interest rates ranging from 4 per cent to 8.25% for deposits maturing between 7 days and 10 years.
For FDs with maturities ranging from 7 days to 10 years, Jana Small Finance Bank offers interest rates ranging from 3.75 percent to 8.15 percent to the general public
Ujjivan Small Finance Bank offers interest rates between 3.75% and 8.25% to general citizens on FDs maturing between 7 days and 10 years. Fincare Small Finance Bank offers interest rates ranging from 3% to 8.11%to general residents and up to 8.71 per cent to senior citizens for term deposits maturing between 7 days and 10 years. ESAF Small Finance Bank offers interest rates between 4% and 8.50%on deposits maturing between 7 days and 10 years to general citizens.
