Equitas Small Finance Bank increases interest rates for savings, FD and RD

The hike will allow savings account customers to gain 7% interest who have a closing balance above Rs. 5 crore upto Rs. 30 crore Equitas Small Finance Bank has increased interest rates for savings, Fixed Deposits (FD) as well as Recurring Deposits (RD) in Domestic and NRE/ NRO Interest Rates Accounts with effect from December 14, 2022.The hike will allow savings account customers to gain 7% interest who have a closing balance above Rs. 5 crore upto Rs. 30 crore. There is also an increase in interest rates on Fixed Deposits and Recurring Deposits with the peak rate being at 8% and 7.75% respectively. This is applicable not just for domestic accounts, but also NRE/ NRO accounts. 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 offers personalised services and helps finds the right product to suit individual banking requirements for their savings.