Up to 8.50% interest on senior citizen FD: This bank increases interest rate on 501-day special FD; check details

Unity Small Finance Bank has revised its fixed deposit (FD) interest rates on certain tenures. Following the latest revision, the SFB now offers its highest interest rate to senior citizens on its 501-day FD where depositors can earn up to 8.50% rate per annum. General customers can get up to 8.00% rate on the same tenure. Here's a look at the revised FD and savings account interest rates of Unity Small Finance Bank.

Also read: FCNR(B) FD interest rates for NRIs: HDFC Bank, SBI, PNB, ICICI Bank and Axis Bank- which offers highest maturity on USD deposits

Latest Unity Small Finance Bank FD interest rates

The bank increased the interest rates on its 501-day FDs. While regular investors would earn 8.00% p.a. on their deposits, senior citizens will earn 8.50% on the same tenure.

Tenure	General FD Rates (% p.a.)	Senior Citizen FD Rates (% p.a.)
7–14 Days	4.00%	4.00%
15–45 Days	4.00%	4.00%
46–60 Days	4.75%	5.25%
61–90 Days	5.00%	5.50%
91–164 Days	5.00%	5.50%
165 Days – 6 Months	5.50%	6.00%
More than 6 Months – 201 Days	6.25%	6.75%
202–364 Days	6.25%	6.75%
12 Months	7.50%	8.00%
12 Months – 1 Day	6.50%	7.00%
More than 12 Months 1 Day – 500 Days	6.50%	7.00%
501 Days	8.00%	8.50%
502 Days – 18 Months	6.75%	7.25%
More than 18 Months – 700 Days	6.75%	7.25%
701 Days	6.75%	7.25%
702–998 Days	6.75%	7.25%
999 Days – 34 Months	6.75%	7.25%
More than 34 Months – 36 Months	6.75%	7.25%
More than 36 Months – 60 Months	6.75%	7.25%
More than 60 Months – 120 Months	6.00%	6.50%

Unity Small Finance Bank savings account interest rates

On its savings accounts, Unity Small Finance Bank offers an interest rate of 7% p.a. on deposits greater than Rs 10 lakh, and 6% on p.a. on deposits greater than Rs 1 lakh and up to Rs 10 lakh.

Premature FD withdrawal

As per a Unity Small Finance Bank press release, “For the premature withdrawal of fixed deposit and recurring deposits, a premature penalty of 1.00% will be charged to the rate applicable for the period the deposit has remained with the bank.

Small savings bank FD interest rates(Senior citizens)

Bank Name	Interest Rates (p.a.)
	Highest slab
	%	Tenure
SMALL FINANCE BANKS
AU Small Finance Bank	7.9	30 months 1 day to 36 months
Equitas Small Finance Bank	8.5	3 years 1 day (Maxima FD)
ESAF Small Finance Bank	8.25	2 years to less than 3 years
Jana Small Finance Bank	8.3	Above 2 years to 3 years
Shivalik Small Finance Bank	8.5	23 months 1 day to 27 months
slice Small Finance Bank	7.75	18 months 1 day to 18 months 2 days
Suryoday Small Finance Bank	8.25	30 months
Ujjivan Small Finance Bank	8.3	2 years
Utkarsh Small Finance Bank	8.25	666 days

Source- Paisabazaar