This bank offers 9% interest on term deposits (FD) to seniors
Banks have been increasing interest rates on term deposits (FD) since May 2022. After the Reserve Bank of India (RBI) hiked the repo rate, banks start announcing the interest rate increase on term deposits. Unity Bank now offers seniors an attractive rate of 9% per annum on FDs with selected mandates. This is the second time that Unity Bank has revised its FD interest rate in November. According to the bank’s website, the interest rate on deposits is revised from November 21.