Fixed Deposits Latest Rates : Fixed Deposit has always been the safest investment option. Due to the low interest rate, the interest of the investors had reduced a bit. But still senior citizens think it better to invest in Fixed Deposits. At the same time, due to the bumper increase in FD interest rates in the last few days, once again FD is becoming the first choice of every age person. Some banks are currently paying so much interest that people are leaving mutual funds and investing in them.

Fixed Deposit Latest Rates

FD Fixed Deposit Latest Rates

If you are also planning to invest in Fixed Deposit, then this news is very useful for you. Where banks are usually paying 6 to 7 percent interest on Fixed Deposit Rates, this bank is offering a bumper interest rate of 9.5 percent. The special thing is that along with savings, the facility of saving income tax is also available on FD.

FD of this bank has become

Let us tell you that Unity Small Finance Bank is giving you a big earning opportunity. That is, they are offering the most tremendous interest rate on Fixed Deposit. Compared to big banks, Unity Small Finance Bank offers the highest interest on FD. Unity Small Finance Bank (SFB) has revised its interest rates on fixed deposit schemes with investment amount less than Rs 2 crore.

Fixed Deposits Latest Rates: Who will get how much benefit

According to the bank, the bank is paying 4.50% to 9% interest rate on fixed deposits with maturity ranging from 7 days to 10 years. At the same time, 9 percent interest is being given to common citizens on FD of 1001 days and it has been announced to give interest up to 9.50 percent to senior citizens. According to the bank, 4.50% interest rate is being given on FDs maturing in 7 to 14 days and 4.75% on FDs maturing in 15 to 45 days. Unity Bank is offering 5.25% interest rate on FDs maturing in 46 to 60 days and 5.50% interest rate on FDs maturing in 61 to 90 days.

Will get 8 percent interest again for 889 days

8% on Fixed Deposit from 889 days to 3 years, 7.50% on FDs from 3 years 1 day to 4 years, 7.25% on FDs from 4 years 1 day to 5 years and 5 years from 1 day 7.25 percent interest is being received on FDs up to 10 years. FDs up to one year senior citizens will get an additional benefit of 50 basis points in the interest rate. However, this is not applicable for NRE/NRO accounts.

Interest rates on FD for senior citizens

The bank offers 0.50% higher rate of interest on FD investment to senior citizen customers as compared to general customers. For senior citizens, interest rate ranging from 4.5% to 9.50% is being given on FDs with a duration of 7 days to 10 years. Senior citizens are getting an offer of 9.25 per cent interest on 501-day Fixed Deposit and 9.50 per cent interest on 1001-day FD.

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