Senior Citizens FD: Senior citizens can earn up to 9% interest rate on this bank FDs

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Equitas Small Finance Bank has introduced a new duration for fixed deposits in accounts with domestic and NRE/NRO interest rates. The new interest rates will take effect on June 5, 2023.The bank has introduced a new slab of 444 days tenure that offers an interest rate of 8.5% for deposits less than Rs 2 crore. The bank also continues to offer interest rates on RD investments for tenures ranging from 12 months to 120 months. According to the Equitas SFB press release, “Both domestic and NRE/ NRO account holders will be eligible to benefit from this new slab. Furthermore, domestic senior citizens will receive 0.50% extra on the FD and RD rates. The interest payouts will continue to be quarterly across all account types.”

Equitas Small Finance Bank FD interest rates

Fixed deposit with maturities between 7 days to 29 days will earn interest at a rate of 3.5%. Investors can earn a 4% interest rate on fixed deposits with maturities of between 30 to 45 days. For FDs maturing in the range of 46 to 90 days, Equitas SFB offers an interest rate of 4.50%. Fixed deposits with maturities of 91 to 180 days will earn interest at a rate of 5.25%. An interest rate of 6.25 percent will be paid on FDs that mature in the range of 181 and 364 days.

The interest rate for FDs with maturities between 1 year to 443 Days, the bank offers 8.20%. The bank has added a new tenure of 444 days which earns an interest rate of 8.50%. For fixed deposits that mature between 445 Days to 18 Months, the bank offers 8.20% and 7.75% on tenure of 18 Months 1 day to 2 years. The bank offers interest rate of 8% on tenure of 2 years 1 day to 887 days and 889 days to 3 years. On tenure of 888 days, the SFB offers 8.50%.

The interest rate on fixed deposits with maturities of three years and one day to four years is 7.5%. For fixed deposits with maturities ranging from 4 years to 10 years, Equitas SFB offers an interest rate of 7.25 percent.

Latest Equitas SFB FD rates for amounts below Rs 2 crore

Tenure Interest rates
7 – 14 days 3.50%
15 – 29 days 3.50%
30 – 45 days 4.00%
46 – 62 days 4.50%
63 – 90 days 4.50%
91 – 120 days 5.25%
121 – 180 days 5.25%
181 – 210 days 6.25%
211 – 270 days 6.25%
271 – 364 days 6.25%
1 year to 443 Days 8.20%
444 Days 8.50%
445 Days to 18 Months 8.20%
18 Months 1 day to 2 years 7.75%
2 years 1 day to 887 days 8.00%
888 days 8.50%
889 days to 3 years 8.00%
3 years 1 day to 4 years 7.50%
4 years 1 day to 5 years 7.25%
5 years 1 day to 10 years 7.25%

Senior Citizen FD rates
According to the Equitas SFB website, “0.50% extra for Senior Citizen rates (not applicable for NRE/NRO).” The bank offers interest rate between 4% to 9% for senior citizens for tenure ranging from 7 days to 10 years.
Tenure



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