Equitas Small Finance Bank offers FD interest rates of 3.50-8.50% p.a. to the general public and 4.00-9.00% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The bank also offers various fixed deposit products for NRIs, such as NRO, and NRE fixed deposits. 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 2023 |
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| Highest slab rate | 8.50% (for 444 days) |
| For 1 year | 8.20% |
| For 2 years | 7.75% |
| For 3 years | 8.00% |
| For 4 years | 7.50% |
| For 5 years | 7.25% |
The interest rates are updated as of 4 December 2023
Card limit is 100% of FD Amount
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6.5%INTEREST ON FD
| 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 | 4.50 | 5.00 |
| 63 – 90 days | 4.50 | 5.00 |
| 91 – 120 days | 5.25 | 5.75 |
| 121 – 180 days | 5.25 | 5.75 |
| 181 – 210 days | 6.25 | 6.75 |
| 211 – 270 days | 6.25 | 6.75 |
| 271 – 364 days | 6.25 | 6.75 |
| 1 year (365 days) | 8.20 | 8.70 |
| 1 year 1 day | 8.00 | 8.50 |
| 1 year 2 days to 443 days | 8.20 | 8.70 |
| 444 days | 8.50 | 9.00 |
| 445 days to 18 months | 8.20 | 8.70 |
| 18 months 1 day to 2 years | 7.75 | 8.25 |
| 2 years 1 day to 887 days | 8.00 | 8.50 |
| 888 days | 8.25 | 8.75 |
| 889 days to 3 years | 8.00 | 8.50 |
| 3 years 1 day to 4 years | 7.50 | 8.00 |
| 4 years 1 day to 5 years | 7.25 | 7.75 |
| 5 years 1 day to 10 years | 7.25 | 7.75 |
Notes: 1. The minimum tenure of NRE is 1 year
2. Additional senior citizen interest rates are not applicable for NRE & NRO fixed deposits
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rates (% p.a.) |
| 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 |
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Before applying for a fixed deposit in Equitas Small Finance Bank, it is highly recommended to use the FD calculator online to check the maturity amount one may get at the prevailing Equitas Bank fixed deposit interest rates.
Since Equitas Bank FD rates can change anytime, it is wise to first evaluate and then go ahead with the investment.
Q. Is it safe to open a fixed deposit account with Equitas Small Finance Bank?
A. Equitas Small Finance Bank is a licensed scheduled bank, i.e. legally registered with the Reserve Bank of India. All deposits made with the bank are covered by Rs. 5 lakh insurance by DICGC.
However, to check whether investing in any bank is safe or not, customers are advised to check the credit rating of the bank. Equitas Bank is given a stable rating by CRISIL.
Q. What is the highest fixed deposit rate of interest offered by Equitas Small Finance Bank?
A. Equitas Small Finance Bank offers the highest FD rates of 8.50% on tenure of 888 days (9.00% for senior citizens).
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.
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