Equitas Bank FD Rates 2023: Watch your savings grow with our fixed deposits. Offering flexible tenure options ranging from 7 days to 10 years, Equitas Bank ensures no penalty on premature withdrawals beyond 6 months and provides a host of other benefits.
Equitas Bank presents a diverse range of Fixed Deposits (FDs) that not only promise attractive returns but also offer a plethora of additional advantages. These features include nomination facilities, flexible tenures, the convenience of automatic renewal with Equitasto, multiple interest payout options, and even the provision for loans or overdrafts, among others. Opening an Equitas Bank FD online is a hassle-free process that can be completed with just a few clicks, all in a paperless manner.
A Fixed Deposit (FD) stands as one of the most favored financial instruments for the general saving public in India due to its ability to provide higher interest rates compared to a regular savings account. It is a secure investment option that offers substantial returns over a specified period.
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Why Choose Equitas Bank FDs
Unlock the potential of your idle funds with these compelling benefits:
- Attractive Interest Rates: Enjoy competitive interest rates that can make your money work harder for you.
- Premature Withdrawal Flexibility: No penalties on premature withdrawals exceeding 6 months, giving you the freedom to access your funds when needed.
- Interest Payout Options: Tailor your FD to your preferences with the choice of quarterly or cumulative interest payouts.
- Savings Account Charges Waiver: Say goodbye to non-maintenance charges on your savings account when you invest in an FD for one year or longer.
Equitas Bank FD Rates
Explore our fixed deposit rates effective from August 21, 2023, designed to meet your investment and wealth creation needs.
| Tenure | Interest Rates for Amount Less Than Rs 2 Crores |
|---|---|
| 7 – 14 days | 3.50% 💰 |
| 15 – 29 days | 3.50% 💰 |
| 30 – 45 days | 4.00% 💰 |
| 46 – 62 days | 4.50% 💰 |
| 63 – 90 days | 4.50% 💰 |
| 91 – 120 days | 5.25% 💰 |
| 121 – 180 days | 5.25% 💰 |
| 181 – 210 days | 6.25% 💰 |
| 211 – 270 days | 6.25% 💰 |
| 271 – 364 days | 6.25% 💰 |
| 1 year (365 days) | 8.20% 💰 |
| 1 year 1 day | 8.00% 💰 |
| 1 year 2 days to 443 Days | 8.20% 💰 |
| 444 Days | 8.50% 💰 |
| 445 Days to 18 Months | 8.20% 💰 |
| 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% 💰 |
TDS Deduction and Senior Citizen Benefits
TDS will be deducted as per applicable regulations, and it’s essential to review all terms and conditions related to premature withdrawal of your Fixed Deposit (FD) or Recurring Deposit (RD) accounts. Please note that senior citizens can enjoy an extra 0.50% interest rate on their deposits, although this benefit does not apply to NRE/NRO accounts.
How to Apply for Equitas Bank FD
To open an Equitas Bank FD, you have two convenient options:
- Visit your nearest Equitas Small Finance Bank branch, where our Relationship Manager will assist you with the application process.
- You can also apply online by clicking here and following the provided instructions.
Choose the method that suits you best and start growing your savings with Equitas Bank
Equitas Bank FD Rates 2023 FAQ
Equitas Bank offers various tenure options ranging from 7 days to 10 years, allowing you to choose the duration that suits your investment goals.
Equitas Bank does not impose any penalties on premature withdrawals after the initial 6 months of your FD investment.
You have the flexibility to choose between quarterly and cumulative interest payout options for your Equitas Bank Fixed Deposits.
Yes, Equitas Bank offers a waiver on non-maintenance charges for savings accounts when you invest in an FD with a tenure of one year or more.
Senior citizens can enjoy an additional 0.50% interest rate on their FDs with Equitas Bank. Please note that this benefit is not applicable to NRE/NRO accounts.
You can apply for an Equitas Bank FD by visiting your nearest branch and receiving guidance from our Relationship Manager. Alternatively, you can also apply online through the bank’s website.
