Equitas Bank FD Rates 2023: Watch Your Savings Grow at an Accelerated Pace

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.

Equitas Bank FD Rates 2023
Equitas Bank FD Rates 2023

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.

Why Choose Equitas Bank FDs

Unlock the potential of your idle funds with these compelling benefits:

  1. Attractive Interest Rates: Enjoy competitive interest rates that can make your money work harder for you.
  2. Premature Withdrawal Flexibility: No penalties on premature withdrawals exceeding 6 months, giving you the freedom to access your funds when needed.
  3. Interest Payout Options: Tailor your FD to your preferences with the choice of quarterly or cumulative interest payouts.
  4. 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.

TenureInterest Rates for Amount Less Than Rs 2 Crores
7 – 14 days3.50% 💰
15 – 29 days3.50% 💰
30 – 45 days4.00% 💰
46 – 62 days4.50% 💰
63 – 90 days4.50% 💰
91 – 120 days5.25% 💰
121 – 180 days5.25% 💰
181 – 210 days6.25% 💰
211 – 270 days6.25% 💰
271 – 364 days6.25% 💰
1 year (365 days)8.20% 💰
1 year 1 day8.00% 💰
1 year 2 days to 443 Days8.20% 💰
444 Days8.50% 💰
445 Days to 18 Months8.20% 💰
18 Months 1 day to 2 years7.75% 💰
2 years 1 day to 887 days8.00% 💰
888 days8.25% 💰
889 days to 3 years8.00% 💰
3 years 1 day to 4 years7.50% 💰
4 years 1 day to 5 years7.25% 💰
5 years 1 day to 10 years7.25% 💰

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:

  1. Visit your nearest Equitas Small Finance Bank branch, where our Relationship Manager will assist you with the application process.
  2. 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

What are the tenure options for Equitas Bank Fixed Deposits (FDs)?

Equitas Bank offers various tenure options ranging from 7 days to 10 years, allowing you to choose the duration that suits your investment goals.

Is there any penalty for premature withdrawal of Equitas Bank FDs?

Equitas Bank does not impose any penalties on premature withdrawals after the initial 6 months of your FD investment.

What are the interest payout options available for Equitas Bank FDs?

You have the flexibility to choose between quarterly and cumulative interest payout options for your Equitas Bank Fixed Deposits.

Are there any charges waived for non-maintenance of savings accounts against FDs with Equitas Bank?

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.

Are there any special rates for senior citizens on Equitas Bank FDs?

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.

How can I apply for an Equitas Bank FD?

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.

Sanjeet Kumar is a graduate of Journalism, Psychology, and English. Passionate about communication - with words spoken and unspoken, written and unwritten - he looks forward to learning and growing at every opportunity. Pursuing a Post-graduate Diploma in Translation Studies, he aims to do his part in saving the 'lost…

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