Equitas Small Finance Bank Revises Interest Rates On FD: Latest Rates Here

Customers of Equitas Small Finance Bank can invest safely with fixed deposits and recurring deposits. A minimum contribution of Rs 1000 can be made to the bank's recurring deposit scheme for a maturity period ranging from 12 months to 10 years. A fixed deposit can be made for a period ranging from seven days to ten years under the fixed deposit scheme. The small finance bank has updated interest rates on fixed and recurring domestic/NRE/NRO deposits today. The bank is now offering the following fixed deposit interest rates for deposits of less than Rs 2 crore, which is now in force from October 1, 2021.

Equitas Small Finance Bank FD Interest Rates For Regular Citizens

Following the most recent adjustment on interest rates, regular citizens will now get a higher return of 6.00% on their deposits maturing in 2 years 1 day 887 days to less than 3 years and 5 years 1 day to 10 years respectively.

Tenure	Interest rates for amount less than Rs. 2 crore w.e.f 1st October 2021
7 - 14 days	3.50%
15 - 29 days	3.50%
30 - 45 days	3.50%
46 - 62 days	4.00%
63 - 90 days	4.00%
91 - 120 days	4.35%
121 - 180 days	4.35%
181 - 210 days	4.85%
211 - 270 days	4.85%
271 - 364 days	4.85%
1 year to 18 months	5.85%
18 months 1 day to 2 years	5.75%
2 years 1 day to 887 days	6%
888 days	6%
889 days to 3 years	6%
3 years 1 day to 4 years	5.75%
4 years 1 day to 5 years	5.75%
5 years 1 day to 10 years	6%
Source: Bank Website, with effect from 1st October 2021

Equitas Small Finance Bank FD Interest Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% on their deposits. The latest interest rates on fixed deposits of senior citizens are as follows.

Tenure	Rate of interest p.a.
7 - 14 days	4.00%
15 - 29 days	4.00%
30 - 45 days	4.00%
46 - 62 days	4.50%
63 - 90 days	4.50%
91 - 120 days	4.85%
121 - 180 days	4.85%
181 - 210 days	5.35%
211 - 270 days	5.35%
271 - 364 days	5.35%
1 year to 18 months	5.35%
18 months 1 day to 2 years	6.25%
2 years 1 day to 887 days	6.50%
888 days	6.50%
889 days to 3 years	6.50%
3 years 1 day to 4 years	6.25%
4 years 1 day to 5 years	6.25%
5 years 1 day to 10 years	6.50%
Source:Bank Website, with effect from: 1st October 2021

Equitas Small Finance Bank RD Rates

With effect from 1st October 2021, Equitas Small Finance Bank is promising the below-listed interest rates on recurring deposits to both regular and senior citizens.

Tenure	Interest rates for amount less than Rs. 2 crore w.e.f 1st October 2021	Interest rates for senior citizens
12 Months	5.85%	6.35%
15 Months	5.85%	6.35%
18 Months	5.85%	6.35%
21 Months	5.75%	6.25%
24 Months	5.75%	6.25%
30 Months	6%	6.50%
36 Months	6%	6.50%
48 Months	5.75%	6.25%
60 Months	5.75%	6.25%
90 Months	6%	6.50%
120 Months	6%	6.50%
Source: Bank Website, with effect from 1st October 2021