DICGC-insured Equitas Small Finance Bank has given below interest rates on fixed deposits 2 crores. The bank made the announcement on June 10, 2022 and as a result of the adjustment, the bank has increased the interest rates over several tenors, and now regular customers will get a maximum interest rate of 6.85 per cent and senior citizens at 7.35 per cent. Percentage, details are as follows.
Equitas Small Finance Bank FD Rates
The bank will continue to offer 4.50 per cent interest rate on deposits for 7 to 45 days, while the interest rate on deposits for 46 to 62 days will remain constant at 4.00 per cent. Earlier, the bank offered 4 per cent interest rate on deposits of 63 to 90 days, but now it has been increased by 25 basis points to 4.25 per cent. The interest rate on fixed deposits payable in 91-180 days has been increased from 4.35 per cent to 4.75 per cent, an increase of 40 basis points, while the interest rate on fixed deposits maturing in 181 days has been increased from 4.85 per cent to 270 days. has been given. percent to 5.25 percent, an increase of 40 basis points.
271 – Fixed deposits maturing in 364 days will now earn 5.25 per cent, from 5 per cent earlier, an increase of 25 basis points, while fixed deposits maturing in 1 year to 18 months will earn 6.50 per cent, from 6.10 per cent earlier . , an increase of 40 basis points. Equitas Small Finance Bank will now offer 6.35 percent interest rate on deposits of 18 months 1 day to 2 years and 6.75 percent on deposits of 2 years 1 day to 887 days.
Deposits maturing in 888 days will have a maximum rate of 6.85 per cent from 6.75 per cent earlier, an increase of 10 basis points, and deposits maturing in 889 days to 3 years will attract an interest rate of 6.75 per cent, up from 6.50 . percent first. Equitas Small Finance Bank fixed deposits maturing in 3 years 1 day to 10 years will continue to offer 6% interest rate, while the bank offers an additional 0.50 per cent for all tenors to senior citizens (not applicable for NRE/NRO).
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Equitas Small Finance Bank RD Rates
The bank offers an interest rate of 6.50 per cent to 6 per cent on recurring deposits of less than Rs. 2 crores mature in 12 months to 120 months. The bank offers a maximum interest rate of 6.75 per cent on RDs of 30 to 36 months, while elderly individuals get an additional benefit of 0.50 per cent for all tenors.
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