The new rates came into effect from June 11.
| Tenure | General FD Rates
% p.a. |
Senior Citizen FD Rates
% p.a. |
| 7 – 14 Days | 4.00% | 4.00% |
| 15 – 45 Days | 4.00% | 4.00% |
| 46 – 60 Days | 4.75% | 5.25% |
| 61 – 90 Days | 5.00% | 5.50% |
| 91 – 164 Days | 5.00% | 5.50% |
| 165 Days – 6 Months | 5.50% | 6.00% |
| > 6 Months – 201 Days | 6.25% | 6.75% |
| 202 Days – 364 Days | 6.25% | 6.75% |
| 12 Months | 7.50% | 8.00% |
| 12 Months – 1 Day | 6.50% | 7.00% |
| >12 Months 1 Day – 500 Days | 6.50% | 7.00% |
| 501 Days | 7.80% | 8.30% |
| 502 Days – 18 Months | 6.75% | 7.25% |
| > 18 Months – 700 Days | 6.75% | 7.25% |
| 701 Days | 6.75% | 7.25% |
| 702 Days – 998 Days | 6.75% | 7.25% |
| 999 Days to 34 Months | 6.75% | 7.25% |
| >34 Months – 36 Months | 6.75% | 7.25% |
| >36 Months – 60 Months | 6.75% | 7.25% |
| >60 Months- 120 Months | 6.00% | 6.50% |
(Source: Unity Small Finance Bank)
The bank said the move is aimed at leveraging prevailing interest rate conditions to strengthen its retail deposit base. The 501-day slab has been positioned as a special tenure offering higher returns compared to surrounding maturity buckets.
Alongside FDs, the bank has also revised savings account interest rates. Deposits above ₹10 lakh will now earn 7% per annum, while balances between ₹1 lakh and ₹10 lakh will fetch 6%. Accounts with balances up to ₹1 lakh will continue to earn 4.5%.
The revised fixed deposit structure shows a premium on select tenures, with shorter deposits ranging between 4% and 5.5%, medium-term deposits between 6% and 7.25%, and longer tenures up to 60 months at around 6% to 6.5%.
Senior citizen depositors will continue to receive higher interest rates across eligible buckets, while NRE and NRO deposit norms remain unchanged under existing regulatory guidelines.
Unity Bank, promoted by Centrum Financial Services, operates as a scheduled commercial bank and offers services across consumer, business, and digital banking segments. The lender has been gradually expanding its retail liability franchise through differentiated deposit products and digital-led distribution.
Public sector lender Indian Overseas Bank has also announced an upward revision in interest rates on select domestic non-callable fixed deposits, aiming to offer higher returns on medium-term savings amid evolving liquidity and market conditions.
The revised rates were approved at the bank’s Asset-Liability Committee (ALCO) meeting and came into effect on June 11.
