Equitas Small Finance Bank Interest rates on fixed deposits (FDs) of less than Rs 2 crore have been revised. The new interest rates are effective from September 8, 2022.

The bank will now offer interest rates in the range of 3.50 per cent to 7.25 per cent for tenures ranging from 7 days to 10 years. Senior citizens can avail FD Interest Rates up to 7.45% p.a.

recurring deposit

The bank offers interest rates between 6.75% and 7% for domestic, NRO, non-individuals on various tenors.

Features of Equitas Small Finance Bank FD

According to the bank’s website these are the features

• FD interest rates up to 7.75%* p.a. for 888 days for senior citizens
• Partial and Full Pre-Mature** Withdrawals allowed
• No premature withdrawal penalty for all FDs booked for senior citizens on or after December 2, 2019 (not applicable for grouping)
• No penalty for premature withdrawal by more than 6 months
• Nomination facility available
• Available Interest Frequency – Reinvestment, Quarterly Payment, and Monthly *** Payment

(*Fixed deposit interest rates are subject to change from time to time. **See Terms & Conditions for FDs (Partial Premature Withdrawal is not allowed for FDs booked with monthly payments)*** Monthly Payment Fixed Deposits For Rs., the interest rate will be discounted on quarterly compounding basis.)