Product Details
Bank Name
Unity Small Finance Bank
Eligibility
Residents Indians.
Hindu Undivided Families (HUF).
Sole Proprietorship Firms.
Trust Accounts.
Limited Companies.
Interest Rate
4.5- 7 %
Tenure
7 Days to 10 Years
Fixed Deposit Type
Regular Fixed Deposit
Regular Fixed Deposit
Tax Benefits
No
Credit Ratings
[ICRA]A- (Stable)
Interest Payment Frequency
monthly, quarterly or on
maturity
Cummulative/Non-Cummulative
Both
Features
Start a Fixed deposit for as low as Rs.1000/- Additional 0.5%* p.a for senior citizens Overdraft facility against FD
Minimum Investment Amount
Rs.1000/-
Fees and Charges
Pros
Higher Interest Rates
Flexible Tenure
Low Minimum Deposit
Benefits for Seniors
Interest Payout Options
Loan Facility
Cons
Lower Deposit Insurance
Relatively New Bank
Early Withdrawal Penalty
Pros & Cons
Account Opening and Procedure
How to Open?
Visit your nearest Unity Small Finance Bank branch https://theunitybank.com/:This is the most traditional way.
Speak to a bank representative and request an FD account opening form.
Fill out the form with your details including name, address, contact information, PAN, nominee details, etc.
Choose the deposit amount and tenure (ranging from 7 days to 10 years).
Decide how you want to receive interest payouts (monthly, quarterly, or on maturity).
Submit the completed form along with the required documents and your deposit amount (cash or cheque).
The bank will verify your documents and provide you with an acknowledgement slip.
Contact Unity Small Finance Bank customer care:Call their customer care number at 18002091122.
You can also try emailing them at care@unitybank.co.in.
Customer service can guide you through the process of opening an FD account remotely.
Application Procedure
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