Fixed Deposit Interest Rate: This bank is giving strong returns of up to 9% on fixed deposits.
Fixed Deposit Interest Rate:
Equitas Small Finance Bank has changed the interest rates of its Fixed Deposit. In this small finance bank, senior citizens are getting the benefit of up to 9 percent from FD. According to the bank’s website, the new FD interest rates have come into effect from August 21, 2023. The new interest rates will be applicable on fixed deposits of less than Rs 2 crore. Let us know how much interest Equitas Small Finance Bank is offering on FDs to the general public and senior citizens.
8.5 percent interest on FD to the general public
The bank gives 3.5% interest on FDs maturing between 7 to 29 days. The bank gives an interest rate of 4 percent on FDs maturing between 30 to 45 days. You will get an interest rate of 4.5 percent on FDs maturing between 46 to 90 days. Equitas Small Finance Bank offers an interest rate of 5.25 per cent on FDs maturing between 91 to 180 days. At the same time, there will be an interest rate of 8.2 percent on fixed deposits maturing in one year.
This much will be the benefit on FD for more than one year
On FDs maturing in one year and one day, Equitas Small Finance Bank offers an interest rate of 8 per cent. For FDs maturing between 367 to 443 days, the bank offers an interest rate of 8.2 per cent. You will get an interest rate of 8.5 percent on FD maturing in 444 days. The bank offers an interest rate of 8.2 per cent for fixed deposits maturing between 445 days to 18 months. The bank is offering an interest benefit of 7.75 per cent on fixed deposits maturing between 18 months and one day to two years.
Senior citizens will be more benefited
Equitas Small Finance Bank offers an interest rate of 8 per cent for Fixed Deposits with maturity between two years to one day and 887 days. Senior citizens will get the benefit of higher interest on fixed deposits as compared to general customers. Senior citizens will get 0.50 percent more benefit. They will get 9 percent interest rate on FD maturing in 444 days.
