Equitas Small Finance revises fixed deposit rates.
                     EQUITAS SMALL 
FINANCE REVISES 
FIXED DEPOSIT RATES
INTRODUCTION
Private sector Equitas Small Finance Bank 
has revised the interest rate on fixed 
deposits.
Equitas offers interest on fixed deposits 
at 8.25 per cent per annum for a tenure 
of 888 days.
Source: moneycontrol.com
COMPANY PROFILE
Equitas Small Finance Bank is a small 
finance bank founded in 2007 by Equitas 
as a microfinance lender, with 
headquarters in Chennai, India. 
Source: Wikipedia
EQUITAS FIXED DEPOSIT
This is for individuals who are existing 
customers of the bank. 
An account can be opened for a tenure 
ranging between 7 days and 10 years. 
FD holders can withdraw prematurely 
from their account against a penalty of 
1%.
Source: livemint.com
EQUITAS SELFIE FD
This FD is for individuals who do not hold 
an account with the bank. It can be 
opened instantly with the help of PAN and 
Aadhaar.
It comes with a tenure ranging between a 
week and a year. 
Source: livemint.com
SENIOR CITIZENS
Senior citizens would receive additional 
benefit of 0.60 per cent making it to 8.85 
per cent per annum.
The revision in interest rate is with 
immediate effect.
Source: businessstandard.com
REVISED INTEREST RATE
Interest rate for amount less than Rs two 
crore has been fixed at 5 per cent for 7-
14 days, 5.50 per cent for 15-29 days. For 
30-45 days, the rate is 6 per cent and 
6.25 per cent for 46-62 days and 63 days 
to 90 days.
Source: businessstandard.com
REVISED INTEREST RATE 
CONT.
For 91 to 120 days, the rate is 6.50 per 
cent which is also for deposits ranging 
from 121 days to 180 days. For deposits 
of 181 days to 321 days, the rate is 6.75 
per cent and it's the same for deposits 
ranging from 211 to 270 days.
Source: moneycontrol.com
DEPOSITS OF ONE YEAR
For deposits of 271 to 364 days, it is 7.50 
per cent. For one year to 18 months, the 
rate has been fixed at 8 per cent and for 
18 months 1 day to two years it is 7.70 
per cent.
Source: moneycontrol.com
DEPOSITS OF TWO YEARS 
OR MORE
For deposits of two years and to 887 
days, the rate is 7.80 per cent. For 
deposits of up to 888 days, the rate is 
8.25 per cent and for 889 days to 3 
years, it is 7.80 per cent
Source: businessstandard.com
FD INTEREST RATES FOR 
SENIOR CITIZENS
Equitas Small Finance Bank provides a 
60-basis-point higher return to senior 
citizen depositors. 
The highest interest rate offered by the 
bank for domestic fixed deposits is 7.95% 
for senior citizens for a tenure of 888 
days. 
Senior citizens will get an interest rate 
ranging from 4.20% to 7.95% on deposits 
maturing in 7 days to 10 years.
Source: livemint.com