Bank launched special FD offer: Maturity of 501 days, you will get great interest up to 8.4%
On the occasion of Dussehra and Diwali, Unity Small Finance Bank Limited (Unity Bank) has launched a special FD scheme named Shagun 501. In this, customers are getting an attractive interest of 7.90% on FD for 501 days. At the same time, the interest rate for senior citizens is 8.40 percent per annum.
The festival season started at the beginning of October. Everyone wants to make this season memorable. Keeping in mind Dussehra and Deepawali, many companies are presenting many special offers. In this episode, New Age's digital-first bank Unity Small Finance Bank has also brought a great offer for you. If you also want to get strong returns by investing in fixed deposits in a safe way, then this news is for you. Unity Small Finance Bank Limited has come up with a special scheme of FD (Shagun 501) for investors. The bank is giving 8.40 percent annual interest for senior citizens making FD.
Unity Small Finance Bank has started a new FD scheme named Shagun 501 keeping in mind Dussehra and Diwali. In this, customers will be given an attractive interest of 7.90 percent on FD for 501 days. This offer is being given by the bank on the amount deposited by 31 October.
In a tweet made by the bank, it is written that this Dussehra and Diwali, let us start with a good omen with the 501-day FD of Unity Bank. You can get this limited period offer from the bank on investing for 501 days. On this, the bank is paying an interest of 7.9% per annum. On the other hand, if we talk about senior citizens, then they will get 8.4% interest on Shagun 501 new FD scheme.
The bank has informed through a tweet that this Dussehra and Diwali do good omen, with 501 days FD of Unity Bank. Along with this, it has also changed the interest rates of its callable and non-callable bulk deposits. According to the bank, the bank will pay 7 percent interest on callable bulk deposits of more than Rs 2 crore. Whereas, the bank will get 7.25% interest on non-callable bulk deposits. Unity Small Finance Bank is a Scheduled Commercial Bank promoted by Centrum Financial Services Limited.
The RBI has increased the repo rate by 0.5 percent in the bi-monthly monetary policy review recently. With this, the repo rate has gone up to 5.9%. It has reached its 3-year high. The RBI has taken this step to contain retail inflation and to deal with the pressure arising out of aggressive rate hikes of central banks of various countries.