Equitas FD Rates 2023 - Latest Fixed Deposit Rates
Equitas FD Rates 2023 - Latest Fixed Deposit Rates
May 10, 2023
5 Minutes
Unlocking Wealth: Exploring Equitas FD Interest Rates 2023
Welcome to the financial world of Equitas Small Finance Bank, where your wealth takes center stage. Established in 2007 as a microfinance lender, Equitas Small Finance Bank has evolved into a banking powerhouse, offering a range of financial products. Today, let's delve into the allure of Equitas Fixed Deposit (FD) and discover how it can be a cornerstone of your financial strategy.
Equitas FD Interest Rates 2023: Your Gateway to Financial Growth
In the dynamic landscape of financial instruments, Equitas Small Finance Bank stands out with its competitive FD interest rates, ranging from 3.50% to 7.25%. This spectrum of rates caters to diverse tenures, allowing you to tailor your investment strategy to match your financial goals.
Navigating the Financial Terrain: Equitas Bank Overview
Founded: 2007
Headquarters: Chennai
CRISIL Rating: A+
CEO: Vasudevan P N
Listed on Exchange: Equitas Small Finance Bank Ltd
ICRA Rating: NA
Exploring Equitas FD Features and Benefits:
Safe Investment: Equitas FD provides a secure avenue for your investments.
Lucrative Interest Rates: With interest rates that are both attractive and competitive, Equitas FD ensures your money works hard for you.
Premature Withdrawal: Need funds in a pinch? Equitas allows premature withdrawal with no penalty if withdrawn after 6 months.
Flexible Investment: Whether you start with Rs. 5000 or aim higher, Equitas FD accommodates both small and large investments.
Interest Frequency: Choose the interest frequency that aligns with your financial strategy.
Varied Tenure Options: From short-term gains to long-term wealth building, Equitas FD offers tenures spanning 7 days to 10 years.
Loan Against FD: Need liquidity without breaking your FD? Equitas offers loans up to 90-95% of your FD amount at attractive interest rates.
Types of Equitas FD Schemes: Unveiling Financial Opportunities
Equitas Regular Fixed Deposit:
Tenure: 7 days to 10 years
Auto-renewal and nomination facilities
Premature withdrawal available with a slight interest rate reduction if withdrawn before 6 months
Equitas Selfie FD:
Instant account opening with PAN and Aadhaar
Tenure: 1 week to 1 year
Nomination facility and premature withdrawal with a 1% interest rate reduction before 180 days
Investment range: Rs. 5000 to Rs. 90000
Term-wise Equitas Fixed Deposit Rates: Crafting Your Financial Strategy
Short-term Deposits (7 days to 12 months):
Interest Rate: 3.50% – 5.15% p.a.
Medium-term Deposits (More than 1 year to less than 5 years):
Interest Rate: 5.15% – 6.25% p.a.
Long-term Deposits (5 years to 10 years):
Interest Rate: 6.50% p.a.
How to Invest in Equitas FD: Seamlessly Securing Your Financial Future
Online Method:
Visit the Equitas Small Finance Bank website.
Navigate to 'Personal' > 'Banking' > 'Deposits' > 'Fixed Deposit'.
Select ‘Open FD’, fill the form, and click ‘Submit’.
Offline Method:
Visit the nearest Equitas Small Finance Bank branch.
Fill the FD application form, submit necessary documents, and deposit the amount.
Eligibility and Documents: Opening Doors to Financial Growth
Eligibility:
All resident individuals, partnership firms, HUFs, sole proprietors, trust accounts, and limited companies.
Documents Required:
FD application form
PAN Card
ID proof (Passport, PAN Card, Driver’s License, Aadhar Card)
Photographs
Address proof (Aadhar Card, Utility Bills)
Age proof (Birth certificate, PAN Card)
Tax Implications and More: Navigating Financial Nuances
Tax on Equitas Small Finance Bank Fixed Deposit:
TDS at 20% rate, higher than the standard 10% under section 206AA.
Form 15G/H and other exemption certificates remain invalid.
Loan Against FD and Premature Closure: Unlocking Financial Flexibility
Loans up to 90-95% of FD amount with low interest.
Premature withdrawal allowed with interest rate reduction based on the booking date.
Equitas FD: Your Path to Financial Prosperity
In the realm of financial instruments, Equitas Small Finance Bank Fixed Deposit stands as a beacon of stability, growth, and flexibility. Whether you are a seasoned investor or taking your first financial steps, Equitas FD ensures your wealth journey is not just secure but prosperous. Explore the diverse tenures, attractive interest rates, and seamless investment process—unlock the door to financial well-being with Equitas FD.
Unlocking Wealth: Exploring Equitas FD Interest Rates 2023
Welcome to the financial world of Equitas Small Finance Bank, where your wealth takes center stage. Established in 2007 as a microfinance lender, Equitas Small Finance Bank has evolved into a banking powerhouse, offering a range of financial products. Today, let's delve into the allure of Equitas Fixed Deposit (FD) and discover how it can be a cornerstone of your financial strategy.
Equitas FD Interest Rates 2023: Your Gateway to Financial Growth
In the dynamic landscape of financial instruments, Equitas Small Finance Bank stands out with its competitive FD interest rates, ranging from 3.50% to 7.25%. This spectrum of rates caters to diverse tenures, allowing you to tailor your investment strategy to match your financial goals.
Navigating the Financial Terrain: Equitas Bank Overview
Founded: 2007
Headquarters: Chennai
CRISIL Rating: A+
CEO: Vasudevan P N
Listed on Exchange: Equitas Small Finance Bank Ltd
ICRA Rating: NA
Exploring Equitas FD Features and Benefits:
Safe Investment: Equitas FD provides a secure avenue for your investments.
Lucrative Interest Rates: With interest rates that are both attractive and competitive, Equitas FD ensures your money works hard for you.
Premature Withdrawal: Need funds in a pinch? Equitas allows premature withdrawal with no penalty if withdrawn after 6 months.
Flexible Investment: Whether you start with Rs. 5000 or aim higher, Equitas FD accommodates both small and large investments.
Interest Frequency: Choose the interest frequency that aligns with your financial strategy.
Varied Tenure Options: From short-term gains to long-term wealth building, Equitas FD offers tenures spanning 7 days to 10 years.
Loan Against FD: Need liquidity without breaking your FD? Equitas offers loans up to 90-95% of your FD amount at attractive interest rates.
Types of Equitas FD Schemes: Unveiling Financial Opportunities
Equitas Regular Fixed Deposit:
Tenure: 7 days to 10 years
Auto-renewal and nomination facilities
Premature withdrawal available with a slight interest rate reduction if withdrawn before 6 months
Equitas Selfie FD:
Instant account opening with PAN and Aadhaar
Tenure: 1 week to 1 year
Nomination facility and premature withdrawal with a 1% interest rate reduction before 180 days
Investment range: Rs. 5000 to Rs. 90000
Term-wise Equitas Fixed Deposit Rates: Crafting Your Financial Strategy
Short-term Deposits (7 days to 12 months):
Interest Rate: 3.50% – 5.15% p.a.
Medium-term Deposits (More than 1 year to less than 5 years):
Interest Rate: 5.15% – 6.25% p.a.
Long-term Deposits (5 years to 10 years):
Interest Rate: 6.50% p.a.
How to Invest in Equitas FD: Seamlessly Securing Your Financial Future
Online Method:
Visit the Equitas Small Finance Bank website.
Navigate to 'Personal' > 'Banking' > 'Deposits' > 'Fixed Deposit'.
Select ‘Open FD’, fill the form, and click ‘Submit’.
Offline Method:
Visit the nearest Equitas Small Finance Bank branch.
Fill the FD application form, submit necessary documents, and deposit the amount.
Eligibility and Documents: Opening Doors to Financial Growth
Eligibility:
All resident individuals, partnership firms, HUFs, sole proprietors, trust accounts, and limited companies.
Documents Required:
FD application form
PAN Card
ID proof (Passport, PAN Card, Driver’s License, Aadhar Card)
Photographs
Address proof (Aadhar Card, Utility Bills)
Age proof (Birth certificate, PAN Card)
Tax Implications and More: Navigating Financial Nuances
Tax on Equitas Small Finance Bank Fixed Deposit:
TDS at 20% rate, higher than the standard 10% under section 206AA.
Form 15G/H and other exemption certificates remain invalid.
Loan Against FD and Premature Closure: Unlocking Financial Flexibility
Loans up to 90-95% of FD amount with low interest.
Premature withdrawal allowed with interest rate reduction based on the booking date.
Equitas FD: Your Path to Financial Prosperity
In the realm of financial instruments, Equitas Small Finance Bank Fixed Deposit stands as a beacon of stability, growth, and flexibility. Whether you are a seasoned investor or taking your first financial steps, Equitas FD ensures your wealth journey is not just secure but prosperous. Explore the diverse tenures, attractive interest rates, and seamless investment process—unlock the door to financial well-being with Equitas FD.
Author
Pluto Team
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