Equitas Small Finance Bank FD Rates Hike: In order to control the rising inflation rate in the country, the Reserve Bank of India has changed the repo rate thrice in four months. Repo rate has increased from 4.00% to 5.50%. In such a situation, a total change of 1.50% (RBI Repo Rate) has been made in the repo rate. In the review meeting of RBI held last month, it has been decided to increase the repo rate by a total of 0.50%. Since this decision, banks are constantly changing their loan and deposit rates. The name of a small finance bank (Equitas Small Finance Bank) has also been added to this list. The name of this bank is Equitas Small Finance Bank (FD Rates).
The special thing is that this bank is offering an interest rate of up to 7.25% to its customers. According to the information given on the official website of the bank, the bank offers interest rates ranging from 3.50% to 6.00% on FDs of 7 days to 10 years. On the other hand, senior citizens get extra benefits on bank FDs. The bank offers them interest rates ranging from 4.00% to 6.50% on FDs. At the same time, the bank offers a maximum interest rate of 7.25% on FD (FD Rates of Equitas Small Finance Bank) of 888 days. The bank has increased its interest rates and these new rates have come into effect from 8 September 2022. If you are also planning to do FD in the bank, then we are giving information about the interest rates of different tenures-
Bank is giving this interest rate on FD of 2 crores-
Explain that the bank is offering an interest rate of up to 3.50% on FDs of 7 days to 45 days. On the other hand, Equitas Small Finance Bank is offering 4.00% interest rate on FDs of 46 to 62 days. At the same time, it is offering 4.25% interest rate on FDs of 63 days to 90 days and 4.75% on FDs of 91 to 180 days. At the same time, the bank is offering 5.25% interest rate on FDs of 181 to 364 days, 6.75% interest rate on FDs of 1 to 2 years. At the same time, 7.00% interest rate is being offered on FDs of 2 years from 1 day to 887 days. At the same time, 7.25% on FD of 888 days, 7.00% on FD of 889 days to 3 years, 6.00% interest rate on FD of 10 years is being offered by the bank.
Senior citizens will get this benefit
Let us inform that Equitas Small Finance Bank FD Rates of Senior Citizen Bank offers 0.50% i.e. 50 basis points higher interest rate to people above 60 years of age on FD Rates of every tenor. In such a situation, senior citizens get 7.75% interest rate on FD of 888 days, which is much higher than many schemes.