Welcome to the world of Equitas Small Finance Bank, established in 2007, where your wealth takes precedence. This institution has grown from a microfinance lender into a banking leader, offering various financial products. Today, we'll explore the benefits of Equitas Fixed Deposit (FD) as a cornerstone of your financial strategy.

Equitas FD Interest Rates 2023: Gateway to Financial Growth

In the ever-changing realm of financial instruments, Equitas Small Finance Bank shines with competitive FD interest rates from 3.50% to 7.25%, catering to multiple tenures and allowing customization of your investment strategy to meet your financial goals.

Navigating the Financial Terrain

• Founded: 2007
• Headquarters: Chennai
• CRISIL Rating: A+
• CEO: Vasudevan P N
• Listed: Equitas Small Finance Bank Ltd

Equitas FD Features and Benefits:

1. Safe Investment: Secure avenue for investments.
2. Lucrative Interest Rates: Attractive and competitive.
3. Premature Withdrawal: Allowed post 6 months without penalties.
4. Flexible Investment: Start small or big, from Rs. 5000 upwards.
5. Interest Frequency: Tailor to align with your strategy.
6. Varied Tenure: From 7 days to 10 years.
7. Loan Against FD: Up to 90-95% of the FD at competitive rates.

Types of Equitas FD Schemes

• Equitas Regular Fixed Deposit
  • Tenure: 7 days to 10 years
  • Auto-renewal, nomination facilities
  • Premature withdrawal with rate reduction if before 6 months
• Equitas Selfie FD
  • Instant account setup with PAN and Aadhaar
  • Tenure: 1 week to 1 year
  • Nomination, premature withdrawal with a 1% rate cut before 180 days
  • Investment: Rs. 5000 to Rs. 90000

Term-wise Equitas Fixed Deposit Rates

• Short-term (7 days to 12 months): 3.50% – 5.15% p.a.
• Medium-term (1 year to less than 5 years): 5.15% – 6.25% p.a.
• Long-term (5 years to 10 years): 6.50% p.a.

Investing in Equitas FD

Online Method:

• Visit Equitas Small Finance Bank website.
• Navigate: 'Personal' > 'Banking' > 'Deposits' > 'Fixed Deposit'.
• Select ‘Open FD’, fill the form, and submit.

Offline Method:

• Visit nearest Equitas Bank branch.
• Complete the FD form, submit documents, and the amount.

Eligibility and Documents Required

• Eligibility: Individuals, partnership firms, HUFs, proprietors, trusts, companies.
• Documents: Application form, PAN Card, ID and address proofs, photographs, age proof.

Tax Implications and Financial Flexibilities

• Tax on Equitas FD: TDS at 20% under section 206AA; Form 15G/H not applicable.
• Loan and Premature Closure: Loans up to 90-95% of FD with low rates; premature withdrawal with reduced interest based on booking date.

The Equitas Small Finance Bank FD is a stable and growth-oriented investment option. With flexible tenures and attractive returns, it caters to both novice and seasoned investors, ensuring financial security and prosperity through seamless investment processes, unlocking financial well-being with Equitas FD.