Interest Rates
4.00% – 8.75%
Time Period
7 days – 10 years
Min - Max Amount
1,000 - No upper limit
Compounding
Quarterly
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Select Duration
Expected Rate of Return
The future value of investment will be
₹ 0
Invested Amount
₹ 10,000
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Equitas Small Finance Bank commenced its banking operations in 2016 after receiving the banking licence from the Reserve Bank of India. The institution originated from Equitas Holdings, which was established in 2007 as a microfinance company with a strong social mission. Headquartered in Chennai, Tamil Nadu, the bank has developed an extensive network across India with numerous branches and banking outlets.
The bank offers a comprehensive suite of financial products including savings accounts, current accounts, fixed deposits, recurring deposits, and various loan products. Equitas has maintained its commitment to financial inclusion while expanding its services to broader customer segments. Its fixed deposit schemes have gained considerable popularity due to competitive interest rates and customer-centric features.
Equitas Small Finance Bank is listed on both the Bombay Stock Exchange and the National Stock Exchange of India. The bank has received high credit ratings from leading agencies including CRISIL and ICRA for its fixed deposit programmes. These ratings reflect the institution's strong financial fundamentals, stable management, and robust operational systems. The bank continues to grow while maintaining its focus on customer service and social impact.
The bank's digital transformation initiatives have significantly enhanced customer convenience in recent years. Equitas offers comprehensive internet banking, mobile banking, and digital payment solutions for seamless account management. Its fixed deposit schemes are designed to meet diverse customer requirements across different demographic segments. The integration of technology with personalised service makes Equitas a preferred banking partner for many customers.
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 4.00% | 4.50% |
15 – 30 days | 4.00% | 4.50% |
31 – 45 days | 4.50% | 5.00% |
46 – 90 days | 5.00% | 5.50% |
91 – 180 days | 5.75% | 6.25% |
181 days – less than 1 year | 6.50% | 7.00% |
1 year – 500 days | 8.25% | 8.75% |
501 days – 2 years | 8.00% | 8.50% |
2 years 1 day – 3 years | 7.75% | 8.25% |
3 years 1 day – 5 years | 7.50% | 8.00% |
5 years 1 day – 10 years | 7.25% | 7.75% |
Note: The data is as of July 15, 2025
Tenure | Regular Rate (p.a.) | Senior Citizen Rate (p.a.) |
7 – 14 days | 4.50% | 5.00% |
15 – 30 days | 4.50% | 5.00% |
31 – 45 days | 5.00% | 5.50% |
46 – 90 days | 5.50% | 6.00% |
91 – 180 days | 6.25% | 6.75% |
181 days – less than 1 year | 7.00% | 7.50% |
1 year – 500 days | 8.50% | 9.00% |
501 days – 2 years | 8.25% | 8.75% |
2 years 1 day – 3 years | 8.00% | 8.50% |
3 years 1 day – 5 years | 7.75% | 8.25% |
5 years 1 day – 10 years | 7.50% | 8.00% |
Note: The data is as of July 15, 2025
Equitas Small Finance Bank Fixed Deposits offer highly competitive interest rates that are among the best in the small finance banking sector. The bank provides an additional interest rate of 0.50% per annum for senior citizens across all tenure buckets, making it particularly attractive for retired individuals seeking stable income. With a low minimum investment threshold of just ₹1,000 and no maximum investment limit, these FDs are accessible to investors across all economic segments.
The bank offers multiple interest payout options including monthly, quarterly, half-yearly, annual, and cumulative interest payments to suit different customer requirements and cash flow needs. Depositors can avail loans against their fixed deposits up to 75% of the deposit value, providing crucial liquidity during financial emergencies without breaking the deposit. The auto-renewal facility ensures that funds continue to earn interest after maturity, while the nomination facility provides for smooth transfer of funds to beneficiaries.
The Regular Fixed Deposit scheme is available to all resident individuals and offers attractive interest rates for tenures ranging from 7 days to 10 years. Investors can choose from various interest payout frequencies including cumulative, monthly, quarterly, half-yearly, or annual options based on their income requirements and financial goals.
This specialised scheme is designed exclusively for individuals aged 60 years and above, offering an additional 0.50% interest rate above the regular FD rates across all tenures. The enhanced returns provide senior citizens with a stable and higher regular income to meet their post-retirement expenses, healthcare needs, and other financial requirements.
Equitas's Tax Saver Fixed Deposit comes with a mandatory lock-in period of 5 years as per Income Tax regulations, with investments up to ₹1.5 lakh qualifying for tax deduction under Section 80C of the Income Tax Act, 1961. No premature withdrawals are permitted under this scheme except in case of the depositor's demise, and no loan facility is available against these deposits, ensuring the lock-in period is strictly maintained.
In the Cumulative Fixed Deposit scheme, the interest is compounded quarterly and reinvested with the principal amount, leading to a significantly higher maturity value compared to the initial investment due to the power of compounding. This option is perfect for investors who do not require regular interest income and are focused on long-term wealth accumulation for goals like children's education, marriage expenses, or retirement planning.
The Non-Cumulative Fixed Deposit scheme is designed for investors who require regular income from their investments to meet ongoing expenses, with interest payout options available monthly, quarterly, half-yearly, or annually as per the depositor's convenience. This scheme is particularly beneficial for retirees, senior citizens, and other individuals who depend on their investments for regular cash flow to cover living expenses, medical costs, or other recurring financial obligations.
Equitas's Flexi Fixed Deposit offers enhanced liquidity features that allow systematic partial withdrawals while keeping the remainder of the deposit intact to continue earning interest at the original rate. Some variants of this scheme also offer auto-renewal facilities at prevailing interest rates upon maturity, ensuring that funds don't remain idle after the deposit term ends and continue to generate returns.
Short-term fixed deposits at Equitas Small Finance Bank cover tenures from 7 days to less than 1 year, offering interest rates ranging from 4.00% to 6.50% for regular customers and 4.50% to 7.00% for senior citizens. These deposits are ideal for investors looking to park surplus funds for short durations while earning better returns than regular savings accounts, without committing to longer lock-in periods.
Medium-term fixed deposits span tenures from 1 year to 500 days, offering the highest interest rates in Equitas's FD portfolio with regular customers earning up to 8.25% and senior citizens up to 8.75% for this tenure bracket. These deposits strike an optimal balance between attractive returns and reasonable commitment periods, making them suitable for planned future expenses like children's education fees, vehicle purchases, or home renovations.
Long-term fixed deposits at Equitas Small Finance Bank cover tenures from 501 days to 10 years, with interest rates ranging from 7.25% to 8.00% for regular customers and 7.75% to 8.50% for senior citizens. These extended tenure deposits are ideal for long-range financial goals like retirement planning, wealth creation for children's future, or building a substantial corpus for major life events.
| Tenure Range | Institution Name | Interest Rate Range (%p.a.) |
|---|---|---|
| 501 days – 2 years | 8.25› |
 | 1 year – 2 years | 8.00› |
 | 12 – 24 months | 8.25› |
 | 18 months – <2 years | 6.75› |
 | Above 1 year to less than 2 years | 7.00› |
Note: The data is as of July 15, 2025
Existing Equitas Small Finance Bank customers can invest in fixed deposits through the bank's internet banking platform by logging into their account using their user ID and password. Once logged in, navigate to the 'Deposits' section and select the 'Open Fixed Deposit' option, which will display the various FD schemes available along with their current interest rates for different tenures.
After entering all the required information, carefully review the details displayed on the confirmation screen, including the maturity date, applicable interest rate, interest payout frequency, and maturity amount to ensure accuracy. Authorise the transaction using the preferred authentication method such as internet banking password or OTP received on your registered mobile number, following which the investment amount will be debited from your linked savings account.
To open a fixed deposit offline, visit your nearest Equitas Small Finance Bank branch and collect a fixed deposit application form from the customer service desk or relationship manager. Fill the form completely and accurately in block letters, providing all required personal details, KYC information, FD specifics (amount, tenure, type), interest payout frequency preference, and nominee details with proper percentage allocation if multiple nominees are specified.
Submit the duly filled application form along with self-attested copies of KYC documents (PAN card, Aadhaar card, address proof, and passport-sized photographs) to the bank executive at the counter. Make the initial deposit through cash (subject to regulatory limits), cheque, or by transferring funds from your existing Equitas savings account, and obtain an acknowledgement for your application submission.
Equitas Small Finance Bank allows resident individuals, either singly or jointly, to open fixed deposit accounts, with joint accounts permitting up to three holders as per the bank's policy and operational guidelines. Senior citizens aged 60 years and above are eligible for special higher interest rates across all FD schemes, while minors can open fixed deposits through their natural guardians or legal representatives with proper documentation and identification.
The eligibility extends to various non-individual entities including Sole Proprietorship firms, Partnership Firms, Limited Liability Partnerships (LLPs), Private and Public Limited Companies, Clubs, and Associations with proper registration and operational documents. Registered Trusts and Societies are also eligible to invest in Equitas Small Finance Bank fixed deposits, subject to submission of relevant registration certificates, trust deeds, and operational documents establishing their legal status and authority to invest.
For identity verification, a PAN card is mandatory for all applicants opening fixed deposits with Equitas Small Finance Bank, along with other valid identity proofs such as Aadhaar card, Passport, Voter ID card, or Driving Licence as per regulatory requirements and the bank's policy. Address proof can be established through documents like Aadhaar card, Passport, utility bills (electricity, water, or gas connection bills not older than 3 months), property tax receipt, or bank account statements with recent transactions indicating the current address.
For non-individual entities, additional documents are required including Certificate of Incorporation/Registration, Memorandum and Articles of Association, Board Resolution authorising the investment and specifying authorised signatories, and PAN card of the entity. Partnership firms need to submit the Partnership Deed and authorisation letter from all partners, while Trusts must provide the Trust Deed, registration certificate, and resolution from trustees authorising the investment and specifying operating instructions.
The interest earned on Equitas Small Finance Bank Fixed Deposits is fully taxable under the head "Income from Other Sources" as per the Income Tax Act, 1961, and must be included in the investor's total annual income, taxed according to their applicable income tax slab rate. The bank is required to deduct Tax Deducted at Source (TDS) at the rate of 10% if the total interest income from all fixed deposits with the bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens as per recent amendments to the Income Tax Act).
Investors whose total income is below the taxable limit can submit Form 15G (for individuals below 60 years) or Form 15H (for senior citizens aged 60 years and above) to the bank at the beginning of the financial year to avoid TDS deduction, provided they meet the specified conditions regarding total income and tax liability as per current regulations. For Tax Saver FDs, while the principal investment up to ₹1.5 lakh qualifies for deduction under Section 80C, the interest earned is taxable each year on accrual basis, meaning tax liability arises even though the interest is not received until maturity in cumulative options.
Equitas Small Finance Bank permits premature withdrawal of fixed deposits before the completion of the agreed tenure, subject to the bank's specific terms and conditions and applicable penalties as mentioned in the FD application form and account opening documents. The bank typically charges a penalty of 1.00% on the contracted interest rate for the period the deposit was held, meaning the investor receives interest at a rate 1% lower than the original rate for the actual duration the funds remained with the bank.
Log in to your Equitas Small Finance Bank internet banking account and navigate to the deposits section to access the fixed deposit application. Select your preferred FD type, tenure, and amount, then authorise the transaction to instantly create your fixed deposit with digital receipt.
The minimum investment required to open an Equitas Small Finance Bank Fixed Deposit is ₹1,000 for most regular FD schemes. There is no maximum investment limit for these deposit schemes, allowing substantial investments.
Equitas Small Finance Bank offers flexible tenure options ranging from 7 days to 10 years for regular fixed deposits. The Tax Saver FD has a fixed lock-in period of 5 years as per Income Tax regulations with no premature withdrawal facility.
Existing Equitas Small Finance Bank customers with active internet banking facilities can open digital FDs through their online banking accounts. New customers must first complete the bank account opening process with full KYC documentation before accessing digital FD services.
The highest FD rate for regular customers is 8.50% for deposits of ₹1 crore and above with 1-500 days tenure. Senior citizens can earn up to 9.00% for similar deposit amounts and tenure brackets with additional 0.50% interest.
Access the FD calculator on Equitas Small Finance Bank's official website and input your investment amount, tenure, and type to estimate your interest earnings and maturity value. Use this projection to assess your annual tax liability and plan your Section 80C investments accordingly for optimal tax savings.
Opt for cumulative FDs to benefit from quarterly compounding and select medium-term tenures of 1-500 days which typically offer the highest interest rates in the bank's portfolio. Senior citizens should always avail of the additional 0.50% interest and avoid premature withdrawals to prevent penalty charges that reduce overall returns.
