Equitas Small Finance Bank increases interest rates on savings and retail term deposits

25 Mar 2022 , 01:33 AM

Equitas Small Finance Bank announced the revision of interest rates for Savings and Retail Term Deposits from 21 March 2022 Customers can now avail 7Percentage interest pa on Savings Account for balances above Rs 5 lakh up to Rs 2 crore which was earlier above Rs 5 lakhs up to Rs 50 lakhs making it simpler for more customers to earn more interest through saving Senior citizens can now earn maximum benefits as the Bank offers them a flat rate of 50Percentage extra over existing revised rates on RTDs For FD senior citizens can now earn an interest of 725Percentage pa for 888 days and the others can get upto 675Percentage pa When it comes to RD senior citizens can get 7Percentage pa and others can get upto 65Percentage pa interest for 24 months