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Equitas Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance cover from DICGC, an RBI subsidiary, insures cumulative deposits up to Rs 5 lakh made by each depositor, including his fixed deposits, savings, current, and recurring deposits, in each scheduled bank in case of the failure or merger/amalgamation of a scheduled bank.
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Equitas Small Finance Bank Fixed Deposit Interest Rates (p.a.) Highlights |
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| Highest slab rate | 7.20% (for 888 days) |
| For 1 year | 6.90% |
| For 2 years | 6.90% |
| For 3 years | 7.00% |
| For 4 years | 7.00% |
| For 5 years | 7.00% |
The interest rates are updated as of 5 February 2026
Book FDs at Interest rate upto 8.00% p.a
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Equitas Small Finance Bank FD Interest Rates
Equitas FD Interest Rates on Domestic/NRO/NRE deposits of less than Rs 3 crore w.e.f. 2 February 2026
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 – 14 days | 3.50 | 4.00 |
| 15 – 29 days | 3.50 | 4.00 |
| 30 – 45 days | 4.00 | 4.50 |
| 46 – 62 days | 4.75 | 5.25 |
| 63 – 90 days | 4.75 | 5.25 |
| 91 – 120 days | 5.25 | 5.75 |
| 121 – 180 days | 5.25 | 5.75 |
| 181 – 210 days | 6.35 | 6.85 |
| 211 – 270 days | 6.35 | 6.85 |
| 271 – 364 days | 6.35 | 6.85 |
| 1 year to 443 days | 6.90 | 7.40 |
| 444 days | 6.90 | 7.40 |
| 445 days to 18 months | 6.90 | 7.40 |
| 18 months 1 day to 2 years | 6.90 | 7.40 |
| 2 years 1 day to 776 days | 7.00 | 7.50 |
| 777 days | 7.00 | 7.50 |
| 778 days to 887 days | 7.00 | 7.50 |
| 888 days | 7.20 | 7.70 |
| 889 days to 3 years | 7.00 | 7.50 |
| 3 years 1 day to 4 years | 7.00 | 7.50 |
| 4 years 1 day to 5 years | 7.00 | 7.50 |
| 5 years 1 day to 10 years | 7.00 | 7.50 |
Notes: 1. The minimum tenure of NRE is 1 year.
2. Additional senior citizen interest of 0.50% p.a. is not applicable on NRE & NRO fixed deposits.
Features of Equitas SFB FD Schemes
- The fixed deposits opened with Equitas Bank allows reinvestment of the interest component to the deposit amount.
- Additional 0.50% interest rates are offered to senior citizen FD depositors.
- Quarterly and monthly payout options are also available.
- In the case of the monthly interest pay-out option, the interest rate will be discounted on a quarterly compounding basis.
- Nomination facility is available.
- Sweep-in facility is not available for deposits booked under preferential rates.
Premature Withdrawal of Fixed Deposits – Penalty Charges
- Interest will be paid after deducting the penal rate of 1% from the applicable rate. The applicable rate would be the base rate for the original/contracted tenure or the base rate applicable for the period of deposit for which the FD remained with the bank, whichever is lower.
- No penalty is levied on the premature withdrawal of
- Regular fixed deposits above 6 months
- Selfe FD having completed 180 days or more
- Senior citizens Selfe FD
- Other senior citizen FDs opened on or after 2nd December 2019 (not applicable for grouping)
- Premature withdrawal is not allowed in the following cases:
- FDs booked on or before 28 February 2019 for deposits of Rs 1 crore and above.
- FD booked on or before 1 March 2019 for deposits of Rs 2 crore and above.
- Partial premature withdrawal facility is not available for deposits booked under preferential rates.
- Premature and partial withdrawals are not allowed for deposits booked with a monthly payout.
FD Calculator
Before applying for a fixed deposit in Equitas Small Finance Bank, it is recommended to use the FD calculator online to check the maturity amount one may get at the prevailing Equitas Bank fixed deposit interest rates.
FAQs
Q. What is the highest fixed deposit rate of interest offered by Equitas Small Finance Bank?
A. The highest FD rates of Equitas Small Finance Bank are 7.20% on tenure of 888 days (7.70% for senior citizens).
Q. Is it safe to open a fixed deposit account with Equitas Small Finance Bank?
A. Equitas Small Finance Bank has been classified as a scheduled bank by the RBI, which makes its deposits eligible for the Rs. 5 lakh deposit insurance program of the DICGC, an RBI subsidiary. Thus, for deposits of up to Rs 5 lakh, Equitas Small Finance Bank is as safe as any other scheduled public sector or private sector bank.
Q. What is the minimum balance required to be kept for Equitas Bank bulk fixed deposit scheme?
A. Customers need to keep a minimum of Rs. 2 crores to have an active Equitas Bank bulk fixed deposit scheme.
Q. Does a change in Equitas FD interest rates affect the rate of return for existing customers?
A. No. Any change in the Equitas Bank fixed deposit rates applies only to fresh deposits and the renewal of old deposits.