Unity Small Finance Bank 8.5% Interest Rate Retailers

How to open this account ?

How's this bank?
Any min amt to keep if i need to avail 9% for Senior Citizen ?
@guest_999 @marketdimer @limbo @Sudarshan61 @malikcool @bikidas2060

Isn't it the rebranded, infamous cooperative bank that went down recently? @MrKool_JJ Ab dad ko bol dena...

https://theunitybank.com/pmc-schem...ml

PMC BANK merge in this

Bharat pe founder 

so so many risky

dont worry about risks. this is RBI approved bank. money is safe till 5lacs. interest rates will reach highest in feb-march 2023.

@MrKool_JJ RBI is hawkish now, not dovish - that's why rates are rising. Things might change by end of next quarter when it might turn accomodative...

No relation with bank results, but with economic data points...

Before you finalize any bank (specifically such non reputed banks) - KINDLY CHECK THEIR  QUARTERLY RESULTS.

This bank's net profit is in Loss since 3-4 Quarters. Also NET NPA is more than 5%  Gross NPA more than 50%. 

On Reality how could this bank give such high returns on FD when the bank itself  is in loss since a year. ?

I suggest look only in this bank after when its net profit is in positive. (for that wait till Jan for their Oct-Dec Quarterly results )