Equitas Small Finance Bank FD Interest Rates

Equitas Small Finance Bank offers its customers a fixed deposit facility with a regular savings account. Customers can easily open a fixed deposit account online or offline and get reasonable returns on their deposits. These deposits can assist customers in growing their money without much effort and hassles. These FD accounts can be opened almost instantly and the Equitas Small Finance Bank FD rates offered can be as attractive as 6.5% interest for 888 days.

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Features of IDFC Bank Fixed Deposit

Investment Amount  Minimum - Rs.10,000 Maximum- No Maximum Limit
Tenure  Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 4.00 %Maximum- 8.00%

Compare FD Interest Rates of Top Financial Institutions
BANKS GENERAL CITIZENS SENIOR CITIZEN
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Bank of Baroda FD Rates 2.80% - 5.25% 3.30% - 6.25%
Bank of India FD Rates 2.85% - 5.05% 3.35% - 5.55%
Canara Bank FD Rates 2.90% - 5.40% 2.90% - 5.90%
Central Bank of India FD Rates 2.75% - 5.00% 2.90% - 3.25%
DBS Bank FD Rates 2.50% - 5.50% 3.50% - 6.00%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
IDFC Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
Indian Overseas Bank FD Rates 3.40% - 5.20% 3.90% - 5.70%
IndusInd Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Punjab National Bank FD Rates 2.90% - 5.25% 3.50% - 5.75%
SBI FD Rates 5.30% - 5.40% 5.80% - 6.20%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Yes Bank FD Rates 3.25% - 6.25% 3.75% - 7.25%
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Equitas Small Finance Bank Fixed Deposit Rates 2023

Here are the Domestic FD Rates for Equitas Small Finance Bank for 2023:

Equitas Small Finance Bank FD Rates for Domestic/NRE/NRO for amounts less than Rs. 2 crores (w.e.f: 1st June 2022)

Tenure Interest Rate (%)for Senior Citizens Interest Rate (%)for Regular Citizens
7 to 14 days 4.0 3.5
15 to 29 days 4.0 3.5
30 to 45 days 4.0 3.5
46 to 62 days 4.5 4.0
63 to 90 days 4.5 4.0
91 to 120 days 5.25 4.75
121 to 180 days 5.25 4.75
181 to 210 days 5.75 5.25
211 to 270 days 5.75 5.25
271 to 364 days 5.75 5.25
1 year to 18 months 6.85 6.35
8 months 1 day to 2 years 6.75 6.25
2 years 1 day to 887 days 6.85 6.35
888 days 7.0 6.50
889 days to 3 years 6.85 6.35
3 years 1 day to 4 years 6.50 6.25
4 years 1 day to 5 years 6.50 6.25
5 years 1 day to 10 years 7.0 6.50
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Equitas Small Finance Bank Selfe Account Interest Rates for amounts from Rs. 5000 to Rs. 90,000 for 7 days to 365 days.

Tenure Interest Rate (%)for Senior Citizens Interest Rate (%)for Regular Citizens
7 to 14 days 4.0 3.5
15 to 29 days 4.0 3.5
30 to 45 days 4.0 3.5
46 to 62 days 4.5 4.0
63 to 90 days 4.5 4.0
91 to 120 days 5.25 4.75
121 to 180 days 5.25 4.75
181 to 210 days 5.75 5.25
211 to 270 days 5.75 5.25
271 to 364 days 5.75 5.25
1 year  6.85 6.35
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*Fixed Deposit Interest rates are subject to change. TDS will be deducted as applicable.

*0.50% extra rates for Senior citizens. This does not apply to NRE/NRO accounts.

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Features of Equitas Small Finance Bank Fixed Deposit

Some of the major features of Equitas fixed deposits are:

  • The bank offers a reasonably good way to utilize idle funds of customers as FDs.
  • Equitas Small Finance Bank FD rates are reasonable and sound.
  • One can choose tenure between 7 days and 10 years as per their investment requirement.
  • The bank allows partial and full premature withdrawal of FDs. This feature, however, is not applicable for FDs with monthly payout schemes.
  • For all FDs booked for senior citizens booked on or after 2nd December 2019, there is no premature withdrawal penalty charged, except in grouping cases.
  • The bank does not charge any penalty on premature withdrawal if the fixed deposit is for above six months.
  • Nomination facility available
  • Automatic renewal of FDs is available.
  • The fixed deposit accounts provide quarterly and monthly payouts with reinvestment available.
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About Equitas Small Finance Bank Fixed Deposit Interest Rate Calculator

Equitas Small Finance Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

  • The amount that is invested

  • The Rate of Interest offered

  • The tenure of the Fixed Deposit Account

  • The compounding period, that is, yearly, half-yearly, quarterly, or monthly

  • The FD Amount

Once entered the following details, an investor will come to know:

  • The maturity value of the FD

  • The total interest earned during the complete tenure

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*Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Things to Know 

Some of the important things about Equitas fixed deposits are listed below: 

  • These Equitas Small Finance Bank FD rates start from 3.5% and can go up to 6.5% p.a.
  • The interest rates for Senior Citizens are an additional 0.5% for domestic fixed deposits.
  • The tenure of the fixed deposit determines the interest rate applicable to the FD account.
  • Monthly payout fixed deposit accounts have Equitas Small Finance Bank FD rates discounted on a compounding basis quarterly.
  • Currently, Equitas Small Finance Bank FD rates provide an annualized yield of up to 6.66% annually. However, these interest rates are subject to change from time to time.

Wrapping It Up

Equitas Bank Small Finance Bank offers fixed deposit accounts at reasonable interest rates. All customers can easily open an FD account online from any savings account and expect to get fair returns. 

However, it is always advisable for customers to analyze and reconfirm the FD rates from the Bank directly before deciding to open an FD account and invest money in fixed deposits.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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