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Equitas Small Finance Bank Fixed Deposit Interest Rates (p.a.) Highlights |
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| Highest slab rate | 8.25% (for 888 days) |
| For 1 year | 8.10% |
| For 2 years | 7.75% |
| For 3 years | 8.00% |
| For 4 years | 7.50% |
| For 5 years | 7.25% |
The interest rates are updated as of 21 January 2025
Equitas Small Finance Bank FD Interest Rates
Equitas FD Interest Rates on Domestic/NRO deposits of less than Rs 3 crore w.e.f. 2 December 2024
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 – 14 days | 3.50 | 4.00 |
| 15 – 29 days | 3.50 | 4.00 |
| 30 – 45 days | 4.00 | 4.50 |
| 46 – 62 days | 4.50 | 5.00 |
| 63 – 90 days | 4.50 | 5.00 |
| 91 – 120 days | 5.25 | 5.75 |
| 121 – 180 days | 5.25 | 5.75 |
| 181 – 210 days | 6.75 | 7.25 |
| 211 – 270 days | 6.75 | 7.25 |
| 271 – 364 days | 7.00 | 7.50 |
| 1 year to 443 days | 8.10 | 8.60 |
| 444 days | 8.15 | 8.65 |
| 445 days to 18 months | 8.10 | 8.60 |
| 18 months 1 day to 2 years | 7.75 | 8.25 |
| 2 years 1 day to 887 days | 8.00 | 8.50 |
| 888 days | 8.25 | 9.00 |
| 889 days to 3 years | 8.00 | 8.50 |
| 3 years 1 day to 4 years | 7.50 | 8.00 |
| 4 years 1 day to 5 years | 7.25 | 7.75 |
| 5 years 1 day to 10 years | 7.25 | 7.75 |
Notes: 1. The minimum tenure of NRE is 1 year
2. Additional senior citizen interest of 0.50% p.a. is not applicable on NRE & NRO fixed deposits
3. The bank offers an additional 0.25% p.a. interest on additional senior citizen FD interest (0.50% p.a.) on tenure 888 days
NRE FD Interest Rates for deposits less than Rs. 3 crores w.e.f. 2 December 2024
| Tenure | Interest Rates (% p.a.) |
| 1 year to 443 days | 8.10 |
| 444 days | 8.15 |
| 445 days to 18 months | 8.10 |
| 18 months 1 day to 2 years | 7.75 |
| 2 years 1 day to 887 days | 8.00 |
| 888 days | 8.25 |
| 889 days to 3 years | 8.00 |
| 3 years 1 day to 4 years | 7.50 |
| 4 years 1 day to 5 years | 7.25 |
| 5 years 1 day to 10 years | 7.25 |
Features of Equitas Small Finance Bank FD Schemes
- The fixed deposit scheme allows reinvestment of the interest component to the deposit amount
- Additional 0.50% interest rates are offered to senior citizen FD depositors
- Quarterly and monthly payout options are also available
- In the case of the monthly interest pay-out option, the interest rate will be discounted on a quarterly compounding basis
- Nomination facility is available
- Sweep-in facility is not available for deposits booked under preferential rates
Premature Withdrawal of Fixed Deposits – Penalty Charges
- Interest will be paid after deducting the penal rate of 1% from the applicable rate. The applicable rate would be the base rate for the original/contracted tenure or the base rate applicable for the period of deposit for which the FD remained with the bank, whichever is lower.
- No penalty is levied on premature withdrawal of
- Regular fixed deposits above 6 months
- Selfe FD having completed 180 days or more
- Senior citizens Selfe FD
- Other senior citizen FDs opened on or after 2nd December 2019 (not applicable for grouping)
- Premature withdrawal is not allowed in the following cases:
- FDs booked on or before 28 February 2019 for deposits of Rs 1 crore and above
- FD booked on or before 1 March 2019 for deposits of Rs 2 crore and above
- Partial premature withdrawal facility is not available for deposits booked under preferential rates
- Premature and partial withdrawals are not allowed for deposits booked with a monthly payout
FD Calculator
Before applying for a fixed deposit in Equitas Small Finance Bank, it is highly recommended to use the FD calculator online to check the maturity amount one may get at the prevailing Equitas Bank fixed deposit interest rates.
Since Equitas Bank FD rates can change anytime, it is wise to first evaluate and then go ahead with the investment.
FAQs
Q. What is the highest fixed deposit rate of interest offered by Equitas Small Finance Bank?
A. The highest FD rates of Equitas Small Finance Bank is 8.25% on tenure of 888 days (9.00% for senior citizens).
Q. Is it safe to open a fixed deposit account with Equitas Small Finance Bank?
A. Equitas Small Finance Bank is a licensed scheduled bank, i.e. legally registered with the Reserve Bank of India. All deposits made with the bank are covered by Rs. 5 lakh insurance by DICGC.
However, to check whether investing in any bank is safe or not, customers are advised to check the credit rating of the bank. Equitas Bank is given a stable rating by CRISIL.
Q. What is the minimum balance required to be kept for Equitas Bank bulk fixed deposit scheme?
A. Customers need to keep a minimum of Rs. 2 crores to have an active Equitas Bank bulk fixed deposit scheme.
Q. Does a change in Equitas FD interest rates affect the rate of return for existing customers?
A. No. Any change in the Equitas Bank fixed deposit rates applies only to fresh deposits and the renewal of old deposits.