Equitas Small Finance Bank hikes fixed deposit interest rates

2 Sep 2022 , 02:21 PM

Equitas Small Finance Bank Limited, one of the prominent SFBs, has announced the revision of interest rates for Fixed Deposits Domestic and NRE/ NRO Interest Rates Accounts, a special interest rate offer, from September 1-7, 2022, on entering its 7th year of successful banking.

In this offer the customers can now avail up to 7.32% interest p.a. on 888 days Fixed Deposit. Under this offer the interest rates for senior citizens have been increased to 7.82% and 7.47% for its NRE Customers.

The interest payout options under this special offer are monthly and quarterly. 

Additionally, the customer can procure higher interest rates for tenure greater than 1 year and to 3 years also. The offer is not applicable for fresh NRE Funds, the bank said.

Moreover, ahead of festive season, it is an opportune time for the bank to provide depositors the necessary benefits on savings and fixed deposits to customers especially in the hinterlands of India.

At around 2:22 PM, Equitas Small Finance Bank was trading at Rs45.80 per share lower by 0.11% on the BSE.

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