Equitas Fixed Deposits remain a popular low-risk savings option for conservative investors. In 2025, Equitas is offering competitive fixed deposit interest rates across various tenures. The bank’s FDs are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh, making them a secure choice. The table below summarises the approximate interest rate ranges for different tenures and depositor categories.
| Tenure (approx) | General rate (p.a.) | Senior citizen rate (p.a.) |
|---|---|---|
| Short term (7 days–12 months) | 3.50% | 4.00% |
| 1–3 years | 3.50%-8.05% | 4.00%-8.55% |
| 3–5 years | 3.50%-8.05% | 4.00%-8.55% |
| 5–10 years | 8.05% | 8.55% |
Key features and benefits
- Flexible tenures: Invest from 7 days up to 10 years depending on your needs.
- Additional interest for seniors: Senior citizens usually earn 0.25–0.50 percentage points more than general depositors.
- Minimum deposit: Typically starts at ₹1,000 or ₹5,000; some banks may require higher amounts for certain tenures.
- Premature withdrawal: Allowed after a minimum lock-in, but a small penalty may apply.
- Loan/overdraft facility: You can usually borrow up to 90% of the FD value without breaking it.
Eligibility and documentation
Indian residents, senior citizens, NRIs (for NRE/NRO deposits) and minors (through guardians) are eligible. You’ll need proof of identity and address such as PAN, Aadhaar and a passport-size photograph.
Equitas may revise interest rates periodically, so always check the bank’s official website for the most up-to-date figures. Investors should also compare FDs across banks to maximise returns.
