The bank will now offer an interest rate of 3.50 per cent to 7 per cent for tenures ranging from 7 days to 10 years. Senior citizens can avail FD Interest Rates Up to 7.50% p.a. The bank will offer an interest rate of 6 percent for tenures between 3 years to 10 years. The bank will offer an interest rate of 6.90 per cent for a tenure of 889 days to 3 years.
The bank offers interest rates ranging from 6 percent to 6.90 percent on Recurring Deposits with tenures ranging from 12 months to 120 months.
Interest rates on deposits maturing in 1 year to 18 months now offer 6.60 per cent, while deposits maturing in 18 months, 1 day to 2 years will fetch an interest rate of 6.45 per cent.
Equitas Bank deposits are protected by an insurance program provided by the Deposit Insurance and Credit Guarantee Corporation of India (DICGC). Deposits of the customer held in all the bank branches with equal capacity and equal rights can be subject to a maximum of Rs. 5 lakhs.