This Top-Rated SFB Offers Special FD Interest Rate Of 7.82%, Valid Till Sept 7, 2022

Many leading private and public lenders have been offering attractive interest rates on their fixed deposits to make them attractive for citizens. Now Equitas Small Finance Bank has announced its special offer on fixed deposits. The small finance bank has raised its fixed deposits interest rates on domestic and Non-Resident Indian (NRE)/Non-Resident Ordinary (NRO) accounts as part of a special 7-day long offer.

The offer will remain valid from September 1, 2022 to September 7, 2022 as the SFB marks its seventh year of operations, according to a press release of the bank.

The bank has hiked the rates by 7 basis points to maximum 37 basis points in eight tenors as part of this special week-long offer.

Now general customers can fetch up to 7.32% interest rate per year on 888-day FD. Meanwhile, senior citizens will get higher interest rate of 7.82% and NRE customers will get 7.47% interest rate on FDs.

It is worth noting that customers can get interest payments in two ways in this special offer valid till September 7 i.e. monthly and quarterly. Customers can also enjoy higher interest rates for tenors between 1 years to up to 3 years.

Under this special offer, there are two ways to receive interest payments: monthly and quarterly. In addition, the customer will fetch higher interest rates for terms above one year to up to three years.

According to Murali Vaidyanathan, Senior President and Country Head, Equitas Small Finance Bank, "It is our unique way to thank our customers, while we enter our 7th year, who have constantly supported us throughout this journey. We believe that adding value through right price transmission is the key objective of our institution. Additionally, Fixed income securities such as fixed deposits can add tremendous value for all our household, and senior citizens customers. Our customers are our family and we always work towards catering them with the best product offering in tandem to their financial requirements," said Murali Vaidyanathan, Senior President and Country Head, Equitas Small Finance Bank."

Check the interest rates below:

Anniversary Celebration Fixed Deposit Rates (amount less than Rs. 2 crore) Effective from: 1st September to 7th September , 2022