Equitas Bank Fixed Deposit Near Me with Highest Interest Rates
Equitas Bank Fixed Deposit Near Me with Highest Interest Rates
Blog Article
If you are looking for Fixed Deposits near me that offer high interest rates, safety, and flexible terms, Equitas Small Finance Bank is a reliable choice. Whether you're a first-time saver or someone wanting to grow your hard-earned money without market risk, a fixed deposit at Equitas Bank is a smart and secure option. With convenient branch locations, attractive interest rates, and digital banking support, Equitas Bank makes investing easy for everyone.
In this guide, we will explore everything you need to know about Equitas Bank fixed deposits (FDs), including how to find the nearest branch, the types of FDs available, interest rates, benefits, and how to open one. Let’s get started.
Why Choose Equitas Bank for Fixed Deposits?
Fixed deposits are one of the safest investment options in India. They offer guaranteed returns and are not affected by market ups and downs. Equitas Bank takes this traditional saving method a step further by offering high-interest rates, flexibility, and digital access.
Here are some reasons to choose Equitas Bank for your FD:
1. High Interest Rates
Equitas offers some of the most attractive FD interest rates among small finance banks. Your money grows faster, and you know exactly how much you’ll earn at the end of the term.
2. Flexible Tenure
Whether you want to invest for 7 days or up to 10 years, Equitas has flexible options to match your goals. You can pick the term that fits your needs.
3. Safe and Secure
Your money is safe with Equitas Bank, which is regulated by the Reserve Bank of India (RBI). Deposits up to ₹5 lakh are insured under DICGC.
4. Easy Online Booking
You don’t have to visit the branch to open a fixed deposit. You can book an FD using Equitas mobile banking or internet banking in minutes.
5. Senior Citizen Benefits
If you're a senior citizen, you get extra interest on your FD. It’s a great way to earn more from your savings without taking any risks.
Types of Fixed Deposits at Equitas Bank
Equitas Bank offers a variety of FD products designed for different needs. Here's a look at the main types of fixed deposits you can choose from:
1. Regular Fixed Deposit
This is the standard FD offered to all customers. You can choose your tenure, decide whether to get interest monthly, quarterly, or at maturity, and enjoy attractive rates.
2. Tax Saver Fixed Deposit
Want to save on income tax? You can invest up to ₹1.5 lakh in this FD under Section 80C. It comes with a 5-year lock-in period but gives you great returns and tax benefits.
3. Senior Citizen Fixed Deposit
Designed for people aged 60 years or above, this FD provides higher interest rates compared to regular FDs. It also offers flexible payout options.
4. Recurring Deposit Linked FD
This is perfect if you want to save small amounts every month and turn them into a lump sum later. The amount saved is automatically converted into an FD at maturity.
How to Open a Fixed Deposit at Equitas Bank
You can open a fixed deposit in two easy ways:
1. Visit a Branch Near You
Use the Equitas Bank branch locator tool to find the nearest branch. Visit with your documents and the amount you want to deposit. The staff will guide you through the process.
2. Open FD Online
If you already have a savings account with Equitas Bank:
Login to internet or mobile banking
Choose the “Open Fixed Deposit” option
Enter the amount and select tenure
Confirm and submit
That’s it! Your FD is booked and you’ll receive confirmation by SMS and email.
Documents Needed for FD Account
Opening a fixed deposit is simple and requires only basic documents:
Aadhaar card
PAN card
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Existing savings account details (if available)
For senior citizens, age proof such as Aadhaar or Voter ID is required for availing extra interest.
How to Find “Fixed Deposits Near Me” Using Branch Locator
Finding the nearest Equitas Bank branch is easy with their online branch locator tool. Here’s how you can do it:
Visit the Equitas branch locator tool page
Enter your location, city name, or PIN code
You’ll get a list of nearby branches and ATMs
Each listing will show the address, contact number, and working hours
You can then visit the closest branch to open your FD
This feature is helpful for people who are not familiar with the area or are searching for Fixed Deposits near me for personalized service.
Equitas Bank FD Interest Rates (As Per Last Update)
Interest rates can change over time, but here’s an example of the kind of returns you might expect:
| Tenure | Regular Rate | Senior Citizen Rate |
|---|---|---|
| 7 to 29 days | 3.50% p.a. | 4.00% p.a. |
| 30 to 90 days | 4.00% p.a. | 4.50% p.a. |
| 91 to 180 days | 4.75% p.a. | 5.25% p.a. |
| 181 to 364 days | 6.00% p.a. | 6.50% p.a. |
| 1 year to 18 months | 8.00% p.a. | 8.50% p.a. |
| 18 months to 2 yrs | 8.25% p.a. | 8.75% p.a. |
| 2 to 3 years | 7.75% p.a. | 8.25% p.a. |
| Above 3 years | 7.00% p.a. | 7.50% p.a. |
(Note: These rates are for illustration. Please check the latest rates with the bank.)
Benefits of Investing in Equitas Bank Fixed Deposits
Here are some major advantages of opening an FD at Equitas Bank:
1. Guaranteed Returns
Unlike mutual funds or stocks, your returns are fixed. You’ll know exactly what you’ll earn at maturity.
2. Flexible Tenure
You can choose from a few days to several years depending on your financial goal.
3. Loan Against FD
Need emergency money? You can take a loan against your FD without breaking it.
4. Interest Payout Options
Get interest monthly, quarterly, or at maturity – whatever suits your needs.
5. Tax Benefits
Choose the tax saver FD to reduce your income tax under Section 80C.
Tips to Maximize Your FD Returns
Want to earn the most from your FD? Try these tips:
Choose longer tenure for higher interest
Reinvest the interest instead of withdrawing it
Ladder your FDs across different tenures
Invest at times when the bank offers special rates
Senior citizens should opt for the special FD plan to earn more
Who Should Open a Fixed Deposit?
Fixed deposits are a great choice for:
Retirees and senior citizens who want regular income
Parents saving for children’s education
Salaried individuals who want risk-free investment
Anyone planning for future needs like home, vacation, or marriage
If you fall in any of these groups, Equitas FDs can help you grow your savings securely.
Frequently Asked Questions (FAQs)
1. Is TDS applicable on FD interest?
Yes. If your total FD interest in a year exceeds ₹40,000 (₹50,000 for senior citizens), TDS is deducted. You can submit Form 15G/15H to avoid this if eligible.
2. Can I break my FD before maturity?
Yes, but you may get a lower interest rate and pay a small penalty. It’s best to avoid premature withdrawal.
3. Can I have more than one FD?
Yes, you can open multiple FDs for different goals and tenures.
4. Do I need a savings account to open an FD?
Yes, having a savings account with Equitas makes the process faster and easier.
5. How is the interest paid?
You can choose to get the interest monthly, quarterly, or at the time of maturity.
Final Thoughts
If you’re searching online for Fixed Deposits near me, Equitas Small Finance Bank is a great option. With attractive interest rates, digital convenience, and helpful customer service, Equitas Bank ensures that your money grows safely and smartly. Whether you’re planning for the short term or long-term future, a fixed deposit with Equitas Bank offers peace of mind, steady growth, and financial security.
Use the Equitas branch locator to find the nearest branch and start your investment journey today. With easy procedures, safe banking, and guaranteed returns, you’re one step closer to achieving your savings goals.
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