Unity Small Finance Bank (SFB) has revised its interest rates on fixed deposits for amounts below Rs 2 crore. The latest FD interest rates are applicable from May 1, 2024, according to the Unity Small Finance Bank website.
Latest Unity SFB FD interest rates
On deposits with maturities ranging from 7 days to 10 years, the bank offers interest rates ranging from 4.50% to 9% for general citizens The highest interest rate of 9% on tenure of 1001 Days. Unity Bank offers an interest rate of 8.95% to senior citizens on tenure of 701 days.
Also read: Yes Bank revises FD interest rates; earn up to 8.5% on this fixed deposit tenure
Latest Unity SFB FD rates
| Tenure | General FD Rates |
| % p.a. | |
| 7 – 14 Days | 4.50% |
| 15 – 45 Days | 4.75% |
| 46 – 60 Days | 5.75% |
| 61 – 90 Days | 6.00% |
| 91 – 164 Days | 6.25% |
| 165 Days – 6 Months | 6.25% |
| > 6 Months – 201 Days | 8.50% |
| 202 – 364 Days | 7.25% |
| 1 Year | 7.85% |
| 1 Year 1 day | 7.85% |
| > 1Year 1 day – 500 days | 7.85% |
| 501 Days | 8.75% |
| 502 Days – 18 Months | 7.85% |
| > 18 Months – 700 Days | 7.90% |
| 701 Days | 8.95% |
| 702 Days – 1000 Days | 7.90% |
| 1001 Days | 9.00% |
| 1002 Days – 3 Year | 8.15% |
| > 3 Year – 5 Year | 8.15% |
| > 5 Year – 10 Year | 7.50% |
Senior citizens interest rate
On deposits with maturities ranging from 7 days to 10 years, the bank offers interest rates ranging from 4.50% to 9.50% for general citizens The highest interest rate of 9.50% on tenure of 1001 Days. Unity Bank offers an interest rate of 9.45% to senior citizens on tenure of 701 days
| Tenure | Senior Citizen FD Rates |
| % p.a. | |
| 7 – 14 Days | 4.50% |
| 15 – 45 Days | 4.75% |
| 46 – 60 Days | 6.25% |
| 61 – 90 Days | 6.50% |
| 91 – 164 Days | 6.75% |
| 165 Days – 6 Months | 6.75% |
| > 6 Months – 201 Days | 9.00% |
| 202 – 364 Days | 7.75% |
| 1 Year | 8.35% |
| 1 Year 1 day | 8.35% |
| > 1Year 1 day – 500 days | 8.35% |
| 501 Days | 9.25% |
| 502 Days – 18 Months | 8.35% |
| > 18 Months – 700 Days | 8.40% |
| 701 Days | 9.45% |
| 702 Days – 1000 Days | 8.40% |
| 1001 Days | 9.50% |
| 1002 Days – 3 Year | 8.65% |
| > 3 Year – 5 Year | 8.65% |
| > 5 Year – 10 Year | 8.00% |
Premature withdrawal
If a fixed deposit or recurring deposit is withdrawn prematurely, a 1.00% penalty will be applied to the rate applicable for the deposit\’s duration or the negotiated rate (whichever is lower).
Also read: What is the latest SBI Sarvottam FD interest rate for May 2024, after State Bank of India hiked FD rates
