Equitas Small Finance Bank offers fixed deposit schemes with competitive interest rates and attractive features. Senior citizens are provided 0.50% extra interest on FD schemes. There are varied interest payout options that make it useful for people looking to generate a steady income through the interest on their FDs.
The following are the different types of Equitas Small Finance Bank fixed deposits:
The main features of the Equitas Small Finance Bank resident term deposit scheme are as given below:
The major features of the Equitas Small Finance Bank Selfie Fixed Deposit scheme are:
The key features of the Equitas Small Finance Bank NRE Fixed Deposit scheme are:
These are the features of the Equitas Small Finance Bank NRO Fixed Deposit scheme:
Equitas Small Finance Bank offers competitive interest rates on domestic, NRO, and NRE fixed deposits. Senior citizens are offered an extra 0.50% rate of interest. Effective from 25 January 2021, the interest rates for deposits below Rs.2 crore range from 3.60% p.a. to 6.80% p.a. for tenures that range from 7 days to 10 years.
Senior citizens are not eligible for additional interest rates for NRE and NRP fixed deposits but are eligible for it for the domestic term deposits.
You can open an FD account with Equitas Small Finance Bank by applying online on the bank's official website or by visiting the bank's nearest branch.
The minimum amount required to open an NRE or NRO term deposit with Equitas Small Finance Bank is Rs.25,000.
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