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22-01-2024 04:32 PM | Source: PR Agency
Unity Bank Enhances Interest Rates on Savings Accounts

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– Unity Small Finance Bank Limited (Unity Bank), a new age, digital first bank, is pleased to announce that it has enhanced its savings account interest rate slabs. It has added additional slabs offering 7.50% p.a. on deposit balances greater than Rs. 20 lakhs and up to Rs. 5 crores. Also, it will offer 7.25% p.a. on deposits greater than Rs 5 Lakhs and up to Rs 20 lakhs. The additional slabs will provide our valued customers with greater flexibility and benefits as they save for their financial goals. For Deposits up to Rs 1 lakh, Unity Bank offers an interest rate of 6.00% p.a., for balances greater than Rs 1 lakh upto Rs 5 lakhs, it offers 7.00% p.a. HNIs maintaining balances greater than Rs 5 crores will earn 7.75% p.a. Interest on all slabs is paid monthly.

The savings account interest rates stands revised from January 22, 2024 as follows:

On Fixed Deposits, Unity Bank continues to offer an interest rate of 9.50% p.a. to senior citizens and 9.00% p.a. to general

investors for a tenure of 1001 days.

Unity Bank is a Scheduled Commercial Bank, promoted by Centrum Financial Services Ltd.

Details across all tenures and amounts are given below:

A. FIXED DEPOSIT RATE: Retail Investors

The deposit interest rate stands revised from 09thOct, 2023 as follows:

Note:

1. For terms & conditions and any other detail, please contact Unity SFB branch officials.

2. Interest rates are subject to change without prior notice.

3. The above card rates are applicable for recurring deposits (Specific Tenors).

4. For premature withdrawal of fixed deposit and recurring deposits, a premature penalty of 1.00% shall be charged to the rate applicable for the period the deposit has remained with the bank, or the contracted rate, whichever is lower.

 

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