This bank offers 9% interest on senior citizen FDs, 8.5% interest on general FDs

economictimes.indiatimes.com:

Equitas Small Finance Bank has revised the interest rates on its fixed deposits (FDs). Interest rates on FDs can go up to as high as 9 per cent for senior citizens in this small finance bank. The new FD interest rates have been effective from August 21, 2023, as per the bank website. The revised interest rates will be applicable on fixed deposits of below Rs 2 crore. Let's find out how much Equitas Small Finance Bank offers on FDs for the general public and senior citizens.

Equitas Small Finance Bank offers an interest of 8.5% on FDs to the general public

For FDs maturing between 7 and 29 days, the bank offers an interest of 3.5 per cent. On FDs maturing between 30 and 45 days, the bank offers an interest rate of 4 per cent. You will get an interest rate of 4.5 per cent on FDs maturing between 46 and 90 days. Equitas Small Finance Bank offers an interest rate of 5.25 per cent on FDs maturing between 91 and 180 days. On fixed deposits maturing between 181 and 364 days, the bank offers an interest rate of 6.25 per cent. Fixed deposits maturing in a year will fetch an interest rate of 8.2 per cent.
On FDs maturing in one year and a day, Equitas Small Finance Bank offers an interest rate of 8 per cent. For FDs maturing between 367 and 443 days, the bank offers an interest rate of 8.2 per cent. You will get an interest rate of 8.5 per cent on FDs maturing in 444 days. For fixed deposits maturing between 445 days and 18 months, the bank offers an interest rate of 8.2 per cent. Fixed deposits maturing between 18 months and a day to two years, the bank offers an interest rate of 7.75 per cent.
Equitas Small Finance Bank offers an interest rate of 8 per cent for fixed deposits maturing between two years and a day and 887 days.

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