Equitas Bank Fixed Deposit (FD) rates are an important consideration for investors looking to grow their savings with steady and secure returns. Many individuals search for terms like Equitas Bank FD Rates PDF to find updated, downloadable information on interest rates, tenure options, and terms and conditions. While PDFs can be useful, it’s equally essential to understand the overall structure, benefits, and current trends of Equitas Small Finance Bank’s FD offerings. Whether you’re a senior citizen, a first-time investor, or someone looking to diversify your portfolio, Equitas FD schemes offer tailored solutions to suit different financial goals.
Understanding Fixed Deposits with Equitas Bank
Fixed Deposits are financial instruments where customers deposit a lump sum for a fixed period at a predetermined interest rate. Equitas Bank, a leading small finance bank in India, offers competitive FD interest rates designed to cater to various customer segments, including individuals, senior citizens, and corporate investors.
By locking in funds for a specific tenure, depositors can earn attractive returns while enjoying safety and predictability. Equitas Bank FD schemes are especially popular for their flexible terms and timely interest payments, making them a reliable investment avenue.
Latest Equitas Bank FD Rates
Interest rates offered by Equitas Small Finance Bank typically vary based on the tenure of the fixed deposit and the customer category. While these rates are subject to change based on market conditions, here’s a general breakdown of the latest FD interest rates offered:
For General Public:
- 7 14 days: 3.50% p.a.
- 15 45 days: 3.50% 4.00% p.a.
- 46 90 days: 4.50% p.a.
- 91 180 days: 5.25% p.a.
- 181 364 days: 6.00% p.a.
- 1 year 2 years: 7.25% p.a.
- Above 2 years 3 years: 7.00% p.a.
- Above 3 years 10 years: 6.75% p.a.
For Senior Citizens:
- Additional 0.50% over the regular rate across all tenures
- Effective rates can go up to 7.75% p.a. for select tenures
These rates are indicative and tend to change over time. Investors often look for a downloadable Equitas Bank FD Rates PDF to keep a permanent copy for reference, especially when planning long-term financial strategies.
Features of Equitas Fixed Deposits
Equitas Bank FDs are designed to provide safety, flexibility, and attractive returns. Here are some of the core features that make their FD schemes stand out:
- Minimum deposit: â¹5,000 for regular FDs
- Flexible tenures: Ranging from 7 days to 10 years
- Premature withdrawal: Allowed with applicable penalty
- Loan against FD: Available up to 90% of deposit amount
- Quarterly, monthly, or cumulative interest payout options
- Tax Deducted at Source (TDS): Applicable as per income tax norms
These features make Equitas FD a versatile instrument for both short-term and long-term investment needs. It’s especially beneficial for individuals who prefer low-risk, guaranteed return instruments.
Why Choose Equitas Bank for Fixed Deposits?
Equitas Small Finance Bank is recognized for its customer-centric approach and transparency in product offerings. Here are some reasons why many investors consider it a trustworthy option:
1. Competitive Interest Rates
Compared to many traditional banks, Equitas offers slightly higher FD rates, especially for mid-range tenures. This makes it a preferred choice for depositors looking for better returns without taking high risks.
2. Digital Convenience
Opening an FD with Equitas can be done entirely online. Whether through mobile banking, net banking, or via customer service, the process is seamless and efficient. Customers searching for Equitas Bank FD Rates PDF also value the availability of updated rate charts in digital format.
3. Senior Citizen Benefits
Senior citizens receive an extra 0.50% interest across all tenures. This makes Equitas Bank an attractive option for retirees who rely on interest income for monthly expenses.
4. High Credit Safety
As a scheduled small finance bank regulated by the Reserve Bank of India (RBI), Equitas provides assurance in terms of safety and compliance. FDs with the bank are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to â¹5 lakh per depositor.
How to Access the Equitas Bank FD Rates PDF
Though many users look for a downloadable PDF version of the FD interest rates, the most accurate way to get the latest version is by visiting the official Equitas Bank website or by contacting customer service. The PDF usually includes:
- Tenure-wise breakdown of interest rates
- Details of cumulative vs non-cumulative schemes
- Interest rate for senior citizens
- Premature withdrawal terms and conditions
Investors often save this document for reference when planning their financial year or comparing rates between banks. The PDF format also makes it easier to print or share.
Comparison with Other Banks
Equitas Bank FD rates are often more attractive than those of traditional public sector banks. However, when comparing rates, it is important to consider the tenure, compounding frequency, and additional features like premature withdrawal policies.
Commonly Compared Factors:
- Interest rate across different durations
- Ease of online FD booking
- Customer service experience
- Loan facility against FDs
Equitas often comes out ahead for mid-range tenures (13 years) with higher rates than many competitors. For those looking for short-term deposits, the convenience and slightly better returns are worth considering.
Tips for Maximizing FD Returns
Here are some strategies for getting the most out of your Equitas Fixed Deposits:
- Ladder your deposits: Spread your investments across multiple tenures to avoid reinvestment risk.
- Choose cumulative FDs: For long-term growth, go for cumulative options where interest is reinvested.
- Utilize senior citizen benefits: If applicable, take advantage of the extra interest rate benefit.
- Stay updated: Regularly check the latest FD rate charts or download the Equitas Bank FD Rates PDF for reference.
These practices help ensure that your FD investments are optimized for returns while maintaining liquidity and security.
Equitas Bank FD rates provide a reliable and attractive option for individuals seeking safe, steady returns. Whether you’re a retiree planning monthly income or a young investor building your savings, the bank’s fixed deposit offerings cater to various financial needs. Searching for Equitas Bank FD Rates PDF is a smart way to stay informed, but it’s equally important to understand the features and benefits behind the numbers. With flexible tenures, competitive interest rates, and strong regulatory backing, Equitas Small Finance Bank continues to be a top choice for fixed deposit investors in India.