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Special Fixed Deposit Scheme: The Reserve Bank is taking big steps to control the rising inflation rate in the country. The central bank has increased the repo rate for the fourth time in a row on 30 September. At present, the RBI repo rate has reached 5.90%. The bank is continuously taking this step so that inflation can be controlled in the country. Along with the increase in the repo rate, banks have also started increasing their loan interest rates and deposit rates.
Recently, on the special occasion of Dussehra 2022 and Diwali (Diwali 2022), Unity Small Finance Bank Limited has launched a special fixed deposit scheme (Shagun 501 FD Scheme) for its investors. Through this scheme, the bank is offering an interest rate of up to 8.40% to senior citizen customers. At the same time, interest rate up to 7.90% is being offered by the bank to normal citizens.
Bank gave information by tweeting
Unity Small Finance Bank Limited Bank has given information by tweeting giving information about this Special FD Scheme. Unity Bank has named this special FD ‘Shagun 501’. This FD scheme is of full 501 days. You can invest in this scheme from 1st October to 31st October 2022. On this special FD scheme, interest rate of 7.90% for general citizens and 8.40% for senior citizens will be available.
Iss Dussehra Aur Diwali, karo Acche Shagun ki Shurvaat, Unity Bank ke 501 Din FD ke saath.
Celebrate this Festive month with Unity Bank’s Limited Period Offer on Fixed Deposits for 501 days and earn upto 7.9% pa Senior Citizens earn up to 8.4% pahttps://t.co/R4YWEKarxH pic.twitter.com/iesN42pCW9
— Unity Small Finance Bank (@UnitySFBank) October 1, 2022
RBI hikes repo rate for the fourth time in a row
Reserve Bank of India is continuously taking big steps to curb rising inflation in the country. The central bank has decided to increase its repo rate for the fourth time in a row this year. Now the repo rate has reached 5.90%. Rising inflation in the country has become a challenge for the government and RBI. In the Monetary Policy Committee meeting of RBI on 30 September, it has been decided that the repo rate will be increased by 0.50% for the fourth time in a row.
Now the repo rate has been increased from 5.40% to 5.90%. This decision of RBI will have a direct impact on the EMI of the loan of the common people and the interest rates of the deposit account. Since this decision of RBI, many banks like ICICI Bank, RBL Bank, Axis Bank, DCB Bank etc. have recently increased their FD rates. has done.
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