Unity Small Finance Bank FD Rates 2024

Unity Small Finance Bank is known for offering attractive fixed deposit schemes to help individuals grow their savings. With competitive interest rates and flexible tenure options, Unity Small Finance Bank FDs are a popular choice for investors looking for steady returns. 

In this article, we will explore the Unity Small Finance Bank FD rates in 2024, including rates for senior citizens, types of FD schemes, and details on premature withdrawals.

Unity Small Finance Bank FD Rates 2024 

Here is a comprehensive table showcasing the Unity Small Finance Bank FD rates for 2024:

Unity Small Finance Bank FD Rates for Senior Citizens

Senior citizens can enjoy higher interest rates on their fixed deposits with Unity Small Finance Bank. The bank offers special rates to senior citizens, providing them with an additional incentive to grow their savings. 

The table below provides the Unity Small Finance Bank fixed deposit rates for senior citizens:

Types of Unity Small Finance Fixed Deposit Schemes

Unity Small Finance Bank offers a variety of fixed deposit schemes to cater to the diverse needs of its customers. Whether you are looking for short-term gains or long-term investment options, Unity Small Finance Bank has a fixed deposit scheme to suit your requirements. The different types of Unity Small Finance Fixed Deposit Schemes are as follows:

• Regular fixed deposit
• Tax saver fixed deposit
• Senior citizen fixed deposit
• Callable bulk fixed deposit
• Non-callable bulk fixed deposit

Lowest and Highest FD Interest Rate in Unity Bank

Unity Small Finance Bank offers competitive interest rates on its fixed deposit schemes, with rates varying based on the tenure of the FD. Investors can choose from a range of options and select the FD scheme that offers the best returns based on their financial goals. The lowest and highest fixed deposit rates in Unity Bank are as follows:

Unity Small Finance Bank FD Premature Withdrawal

In case of an emergency or a change in financial circumstances, investors have the option to prematurely withdraw or close their FD with Unity Small Finance Bank. However, in such cases, a penalty of 1% will be applicable as per the bank's terms and conditions. Generally, a penalty of 1% on the applicable interest rate or contracted rate, whichever is lower, is imposed on premature withdrawals.

Tax on Unity Small Finance Bank FD Interest Income

Interest income earned from fixed deposits with Unity Small Finance Bank is subject to tax as per the income tax laws. When the interest on FD is more than Rs.40,000 for a financial year, a TDS of 10% will be deducted. However, for senior citizens, TDS will be deducted when the FD interest income is more than Rs.50,000.

Unity Small Finance Bank FD rates are highly competitive and come with a range of attractive, flexible tenure options. By choosing the right FD scheme based on your financial goals, you can secure steady returns and grow your savings with Unity Small Finance Bank.

Other Finance Bank FD Interest Rates:
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6. Equitas Small Finance Bank FD Rates
7. Suryoday Small Finance Bank FD Rates

Other Banks FD Interest Rates:
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4. HDFC Bank FD Interest Rates
5. ICICI Bank FD Interest Rates
6. Axis Bank FD Interest Rates
7. SBI FD Interest Rates