Another Bank Reduces FD Rate after Yes Bank: Know More

Equitas Small Finance Bank, a private-sector bank, has updated the interest rates it offers on fixed deposits (FDs). This change applies to FDs of less than Rs. 3 crore and has been in effect since April 7, 2025. You can see it on the bank’s official website. Recently, YES Bank also made similar changes to its FD interest rates.

Earlier, Equitas Small Finance Bank used to deliver interest rates between 3.5% and 8.25% for general citizens. On the other hand, the interest rates are between 4% and 9% for senior citizens who have FDs of less than 3 crore with the maturity period ranging between 7 days to 10 years.

Revised FD rates of Equitas Small Finance Bank

Equitas Small Finance Bank, after making changes to its rate, is now offering interest rates between 3.50% and 8.05% on FDs for general citizens, while for senior citizens, the rates are between 3.5% and 8.55%. As per the bank’s official website, interest rates depend on the tenure of the FDs.

• For short-term deposits between 7 and 29 days, the interest rate is 3.5%.
• For tenures between 30 and 45 days, the rate is 4%.
• For tenures between 46 and 62 days, the rate is 4.5%.

After the recent update by Equitas Small Finance Bank, here’s how much interest you’ll earn on your fixed deposits based on the period:

• If you keep your money in an FD for 63 to 90 days, you’ll get 5.5% interest.
• For 91 to 180 days, the interest goes up to 6%.
• If you invest for 181 to 270 days, you’ll earn 7% interest.
• For a period of 271 to 364 days, the bank will give you 7.2% interest.

Additionally, if you invest your money for a longer period, you will get a higher interest rate. The following are the rates for long-term tenure FDs.

• For FDs between 1 year and 443 days, you’ll get 7.9% interest.
• This 7.9% rate also applies if you deposit for 444 days up to 18 months.
• If your FD is between 18 months and 1 day to 2 years, the rate is 7.75%, and this continues up to 776 days.
• If you invest for exactly 777 days, the bank gives a special rate of 7.77%.
• For FDs from 778 to 887 days, the interest is again 7.75%.
• The highest rate is for 888 days, where you can earn 8.05% interest.
• After that, for deposits from 889 days to 3 years, the interest rate returns to 7.75%.

For even longer-term fixed deposits, Equitas Small Finance Bank is offering a 7.50% interest rate for durations ranging from 3 years and 1 day to 4 years. If you invest for a slightly longer period, i.e., between 4 years and 1 day to 5 years, you’ll earn 7.25% interest. This same 7.25% rate continues to apply for very long-term deposits as well, covering tenures from 5 years and 1 day up to 10 years.

The scheme offers extra benefits to Senior citizens. They receive an additional 0.50% interest over the regular FD rates. This special rate is available for all eligible FD tenures but only for resident Indian senior citizens. It does not apply to NRE or NRO accounts. With this extra interest, senior citizens can now earn between 3.50% and 8.55% on deposits of less than Rs. 3 crore, depending on how long they invest. The highest interest rate of 8.55% is available on the special 888-day FD scheme.