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  5. Unity Bank hikes Fixed Deposit interest rate on 501-day tenure; senior citizens to get up to 8.5%

Personal Finance News

Unity Bank hikes Fixed Deposit interest rate on 501-day tenure; senior citizens to get up to 8.5%

Roshni Agarwal
By Roshni Agarwal

3 min read | Updated on July 15, 2026, 15:45 IST

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SUMMARY

After the latest hike, senior citizens on an FD deposited for 501 days will get an attractive interest rate of 8.5% per annum.

Unity Small Finance Bank FD interest rate revised on July 15

The revision in rate has been made for deposits below ₹3 crore. | Image: Shutterstock

Unity Small Finance Bank (Unity Bank) on Wednesday (July 15, 2026) hiked interest rate on fixed deposits (FDs) with a maturity of 501 days. After the latest hike, senior citizens on an FD deposited for 501 days will get an attractive interest rate of 8.5% per annum, while other general customers would get 8% interest rate for the same duration.

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The revision in rate has been made for deposits below ₹3 crore.

FD rates as applicable from July 15, 2026
TenureGeneral FD Rate (% p.a.)Senior Citizen FD Rate (% p.a.)
7 – 14 Days4.00%4.00%
15 – 45 Days4.00%4.00%
46 – 60 Days4.75%5.25%
61 – 90 Days5.00%5.50%
91 – 164 Days5.00%5.50%
165 Days – 6 Months5.50%6.00%
> 6 Months – 201 Days6.25%6.75%
202 Days – 364 Days6.25%6.75%
12 Months7.50%8.00%
12 Months – 1 Day6.50%7.00%
> 12 Months 1 Day – 500 Days6.50%7.00%
501 Days8.00%8.50%
502 Days – 18 Months6.75%7.25%
> 18 Months – 700 Days6.75%7.25%
701 Days6.75%7.25%
702 Days – 998 Days6.75%7.25%
999 Days – 34 Months6.75%7.25%
> 34 Months – 36 Months6.75%7.25%
> 36 Months – 60 Months6.75%7.25%
> 60 Months – 120 Months6.00%6.50%

On its savings accounts (S/B A/cs), Unity Bank offers an interest of 7% p.a. for deposits over ₹10 lakh and 6% p.a. for deposits greater than ₹1 lakh and up to ₹10 lakh.

Other banks that revised FD rate in July 2026

Shriram Finance on its various deposit schemes revised interest rates with effect from July 2, 2026. On its cumulative FD deposit scheme, investors can earn a maximum rate of interest of 7.5% per annum for a tenure between 36-60 months.

NRIs for a similar tenure will earn the maximum interest rate of 7.5% per annum on an FD with Shriram Finance.

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About The Author

Roshni Agarwal
Roshni Agarwal is a business writer with over 10 years of experience covering markets, commodities and personal finance. At Upstox, she writes on personal finance, breaking down complex financial concepts into clear and understandable content.

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