Equitas SFB Introduces 444 Days Special Tenure FD, Offers Up To 8.50% Interest

Equitas Small Finance Bank, one of the leading SFBs, has announced a new tenure for Fixed Deposits (FDs) in Domestic and NRE/ NRO Interest Rates Accounts. According to the Bank's statement, the revised interest rates will be effective from 05 th June 2023.

The bank has introduced a new 444-day tenure FD with an interest rate of 8.5% for deposits less than Rs. 2 crore. In addition, the bank continues to offer interest rates on RD investments with terms ranging from 12 to 120 months.

This new slab will be available to both domestic and NRE/NRO account holders. Furthermore, domestic senior residents will receive an additional 0.50% discount on the FD and RD rates. All account types will continue to receive quarterly interest payments.

The bank offers Interest rates on FD ranging from 3.50% to 8.50% to the general public for tenure that ranges from 7 days to 10 years under Rs. 2 Crore.

Fixed Deposit Rates (amount less than Rs. 2 crore) Effective from 5th June, 2023

Tenure	Interest rates for amount less than Rs 2 crores	Annualised Yield
7 - 14 days	3.50%	3.50%
15 - 29 days	3.50%	3.50%
30 - 45 days	4.00%	4.00%
46 - 62 days	4.50%	4.50%
63 - 90 days	4.50%	4.50%
91 - 120 days	5.25%	5.25%
121 - 180 days	5.25%	5.25%
181 - 210 days	6.25%	6.35%
211 - 270 days	6.25%	6.35%
271 - 364 days	6.25%	6.35%
1 year to 443 Days	8.20%	8.46%
444 Days	8.50%	8.77%
445 Days to 18 Months	8.20%	8.46%
18 Months 1 day to 2 years	7.75%	7.98%
2 years 1 day to 887 days	8.00%	8.24%
888 days	8.50%	8.77%
889 days to 3 years	8.00%	8.24%
3 years 1 day to 4 years	7.50%	7.71%
4 years 1 day to 5 years	7.25%	7.45%
5 years 1 day to 10 years	7.25%	7.45%

Source - Equitasbank.com