Good investment opportunity for senior citizens, this bank is giving 9.5% return on fixed deposits.

Unity Small Finance Bank Limited has increased the interest rates on fixed deposits for selected tenures. This rate is applicable for deposits less than Rs 2 crore from October 9, 2023. Besides, the returns given to senior citizens will also increase.

9.50% per annum for senior citizens and 9.00% per annum for 1001 days for general investors. Additionally, for 181-201 days and 501 days, Unity Bank offers interest at 9.25% per annum for senior citizens and 8.75% for general investors.

The bank offers interest rates ranging from 4.5 percent to 9 percent on FD for regular customers. At the same time, the bank currently offers interest rates of 4.5% to 9.5% per annum to senior citizens on deposits with maturity between seven days and ten years.

Bank of Baroda has increased interest rates on fixed deposit (FD) rates by up to 50 basis points (bps) for various tenures up to 3 years. These rates are applicable for deposits of less than Rs 2 crore from October 9, 2023.

Meanwhile, private lenders Yes Bank and HDFC Bank have reduced interest rates on fixed deposits for a fixed period for deposits of less than Rs 2 crore. IndusInd Bank and Punjab & Sindh Bank have also revised the FD interest rates on their FDs in October 2023.

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