DelhiDesk Utkarsh Small Finance Bank has revised its interest rates on fixed deposits of less than 2 Cr, offering rates ranging from 4.00% to 7% for the general public and 4.60% to 7.60% for senior citizens. The highest return is 8.25% for deposits with tenors of 1000 to 1500 days for the general public and 8.85% for senior citizens. The revised FD rates will take effect on May 22, 2023. Meanwhile, Union Bank of India has hiked FD rates, providing rates on deposits that mature in 7 days to 10 years ranging from 3.00% to 6.70%, with a maximum rate of 7% for a period of 399 days.

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– Utkarsh Small Finance Bank has revised its interest rates on fixed deposits of less than 2 Cr.
– The bank is offering interest rates ranging from 4.00% to 7% for the general public and 4.60% to 7.60% for senior citizens.
– General public can receive a maximum return of 8.25% on deposits with tenors of 1000 to 1500 days, while senior citizens can get a maximum return of 8.85%.
– The revised FD rates will take effect on May 22, 2023.
– The bank is offering an interest rate of 4.00% on fixed deposits that mature in the next 7 days to 45 days.
– The interest rates offered by Utkarsh Small Finance Bank are now 5.50% for deposits with a tenor of 91 days to 180 days and 6.50% for deposits with a tenor of 181 days to 364 days.
– Deposits with maturities between 365 and 699 days will now earn interest at a rate of 7.75%, while deposits with maturities between 700 and 999 days will now earn interest at a rate of 8%.
– The bank is now offering an interest rate of 8.25% on fixed deposits that mature in 1000 days to 1500 days.
– On deposits with a tenor of more than five years and up to ten years, Utkarsh Small Finance Bank is now offering an interest rate of 7.00%.
– Senior citizens would get an additional interest rate of 60bps over and above the regular rates across all maturity buckets.
– Union Bank of India has hiked FD rates today on 23rd May, providing interest rates on deposits that mature in 7 days to 10 years ranging from 3.00% to 6.70%.
– The bank is now providing a maximum interest rate of 7% for a period of 399 days.

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