This SFB's Latest Festive Offer To Give 8.4% Interest Rate On FDs, Valid Till Oct 31, 2022

In order to make the festival season more exciting, various banks are coming up with several interesting offers. One such bank is Unity Small Finance Bank Limited or Unity Bank. The bank has now floated a special Fixed Deposit tenure namely Shagun 501 for citizens.

It is worth noting that under the 501-Day fixed deposit, retail customers will be able to enjoy an attractive interest rate of 7.90% per annum. There is an additional interest rate of 0.50% for senior citizens at 8.40% per annum.

The bank took to its Twitter handle to inform about this new offer, "Iss Dussehra Aur Diwali, karo Acche Shagun ki Shurvaat, Unity Bank ke 501 Din FD ke saath. Celebrate this Festive month with Unity Bank's Limited Period Offer on Fixed Deposits for 501 days and earn up to 7.9% p.a. Senior Citizens earn up to 8.4% p.a."

It is important to note that the festive offer has a limited validity. Citizens can avail this offer till October 31, 2022. Therefore, investors must book their deposits till October 31, 2022 to enjoy the special interest rates available under this offer.

Meanwhile, Unity bank has also updated its interest rates on Callable as well as Non-Callable Bulk Deposits (deposits more than Rs crore). Investors can enjoy an interest rate of 7% p.a. under callable bulk deposits while the interest rate is fixed at 7.25% p.a. for non-callable bulk deposits.

The interest rates for fixed deposits up to Rs 2 crore has been revised on October 1, 2022. The bank offers minimum interest rate of 4% for fixed deposits for the tenure of 7 to 45 days for general and senior citizens. General citizens can earn an interest rate of 7.65% for 2-5 years FDs while senior citizens can get an interest rate of 8.15% for the same tenor. For FDs for the tenor of 5 years to 10 years, general citizens can get 7% interest and senior citizens can get 7.50% interest.

Meanwhile, the interest rate for general citizens is 7.35% for FDs maturing in 365 days to 500 days while senior citizens can get 7.85%.