Business Reporter :
For savings accounts, Unity Bank offers an interest of 7.50% pa for balances greater than Rs 5 lakh and 7.25% pa on deposit balances greater than Rs 1 lakh and up to Rs 5 lakh
UNITY Small Finance Bank
Limited(UnityBank)hasestablished its presence in Nagpur
with the launch of its first state of-the-art branch near
Telephone Exchange Square,
Central Avenue Road.
The new branch was inaugurated by Krushna Khopde,
MLA,EastNagpuronSaturday.
Mohan Mate, MLA, South
Nagpur,VikasKumbhare,MLA,
Central Nagpur, Ramesh
Chopde, Ex-Corporator, West
Nagpur, Mangesh Jamekar,
Senior Advisor of Centrum
Group, Inderjit Camotra, MD
and CEO, Unity Bank and other dignitaries were present.
Union Minister of Road
Transport and Highways Nitin
Gadkari was unable to attend
inaugurationdue to some reason which was not disclosed.
InderjitCamotrasaid,“Unity
Bank’s foray will leverage the
growing business opportunities
in the city, provide customers
with attractive interestrateson
deposits, offer business loans
to MSMEs and more importantly offer the citizens of
Nagpuranopportunitytobank
withasmarter, fasterandmore
convenient bank.
Going forward,Unity Bank plans to open
several branches in the city”.
Unity Bank offers fixed
deposits to senior citizens at
an attractive rate of 9.50% pa
where asretailinvestorsearn9%
pa.Forsavingsaccounts,Unity
Bank offers an interest of 7.50%
pa for balances greater thanRs
5 lakh and 7.25%paon deposit
balances greater than Rs1 lakh
and up to Rs 5 lakh.
Additionally, lockers are also
available at competitive rates
at select branches.
Camotra further said,
“Expanding our presence in
Nagpur is a strategic move for
Unity Bank,given thecity’s significance as a thriving businesshub.The city is renowned
foritsagriculturalproduce,textile industries and being a
majorlogisticsandtradingcentre,” he pointed out.
“Nagpur also has a significant MSME and HNI population and Unity Bank aims to
offer tailored financial solutionstoNagpur’sentrepreneurs
and residents. We are confident that our digital-first
approach will resonate with
the tech-savvy residents of
Nagpur,enabling them to manage their finances effortlessly
and securely,” he added.