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Small finance banks often offer attractive interest rates on fixed deposits to lure more customers. Equitas Small Finance Bank has once again increased the interest rates on term deposits. Now, senior citizens can get an interest rate of 9 per cent for fixed deposits maturing in 888 days. For general investors, the interest rate on fixed deposits can go up to 8.5 per cent for deposits maturing in 888 days. The new interest rates have been effective from 11 April 2023. -- aaa
There are four tenures that offer the maximum interest rate of 7.15 per cent for both general category and senior citizens -- 1 year to 389 days, 390 days to less than 15 months, 15 months to less than 18 months, and 18 months to 2 years. -- aaa