The Economic Times

Up to 8.50% interest on senior citizen FD: This bank increases interest rate on 501-day special FD; check details

Unity Small Finance Bank has revised its fixed deposit interest rates. Senior citizens can now earn up to 8.50% on a 501-day fixed deposit. Regular customers will receive 8.00% interest on the same tenure. The bank also offers 7% interest on savings accounts for larger deposits. A 1.00% penalty applies for premature fixed deposit withdrawals.