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Unity Bank Launches Shagun 366

Published on November 05, 2022
Current Context: The Unity Small Finance Bank Limited launched a Fixed Deposit (FD) scheme, Shagun 366.
Unity Bank Launches Shagun 366
  • It is a 1-year, 1-day (366 days) FD scheme that will offer a rate of interest of 7.8% per annum for retail customers and 8.3% per annum for senior citizens.
  • As per Unity Bank, the offer to enroll in Shagun 366 will be valid till 30th November 2022.
  • At the launch event, the bank also raised interest rates on both callable and non-callable bulk deposits, higher than INR 2 crores, to 7.75% and 7.85% per annum respectively.
  • The fixed deposits in which the depositor can prematurely withdraw are called callable deposits and the fixed deposits in which the depositor cannot prematurely withdraw are called non-callable deposits.
  • Unity Small Finance Bank Limited was established in 2018 with its headquarters in Mumbai, Maharashtra. The Centrum Group is the promoter and Resilient Innovations is the joint investor of the bank. The current CEO and MD of the bank are Inderjit Camotra.


Q.1 The “Shagun 366” FD scheme was launched by?
a. Bank of India
b. Punjab National Bank
c. Bank of Maharashtra
d. Unity Bank

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