FD Interest Rate

Fixed Deposit : Get 9% interest in 181 days

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Fixed Deposit : If you are thinking of investing in Fixed Deposit (FD), then there is good news for you. If you invest in FD of 181 days, then you can get up to 9 percent interest. The repo rate was increased by the Reserve Bank of India (RBI). Since then there have been private and government banks continuously increasing her deposits. In this episode, the name of another bank has been included in this list. Its name is Unity Small Finance Bank Limited.

getting 9 percent annual interest

Actually the new age bank is Digital First Bank which is Unity Small Finance Bank Limited (Unity Bank). Unity Bank senior citizens have FDs of 181 days and 501 days. It is paying 9 percent annual interest. While the retail investor can earn 8.5 percent interest on the investment for the same period. If you are thinking of getting FD, then this time is perfect for getting FD. This is the second time in the month of November that Unity Bank has revised its interest rates.

Interest rates hiked 2 times

This is the second time for the Unity Banks, when the banks have increased the interest rates for the second time in a span of 1 month. The Unity Banks have deposits of more than Rs 2 crore. increased its interest rates. Callable bulk deposits offer an interest rate of up to 8 per cent per annum, while non-callable FD deposits offer an interest rate of up to 8.10 per cent per annum. Unity Bank offers an interest rate of 7 percent per annum on deposits above one lakh rupees and offers an interest rate of 6 percent on deposits up to one lakh rupees.

RBI has increased the repo rate for the fourth time.

In order to stop the rising inflation in the country, the RBI has increased the repo rate for the fourth time in a row. Now the repo rate has reached 5.90 percent. This decision was taken on 30 September last. This decision was taken in the meeting of the Monetary Policy Committee of RBI.

Savings Accounts : these banks are giving interest as much as FD

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