Best Fixed Deposit Interest Rates Near Me – Equitas Bank

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Are you looking for a safe way to grow your savings? Do you want to earn good interest without taking risks? If yes, then fixed deposits are one of the best options for you. Many people search for Fixed Deposits near me to find the best interest rates in their local area, especially from trusted banks like Equitas Small Finance Bank. This bank offers competitive rates, flexible tenures, and simple processes that help you make the most out of your savings.

In this article, we’ll explore everything you need to know about fixed deposits with Equitas Bank. You’ll learn how to open one, what interest rates are offered, what benefits you can enjoy, and how to locate the nearest branch or ATM for fixed deposit services. Let’s dive in and understand why Equitas Bank is one of the top choices for fixed deposit investments.

What is a Fixed Deposit?

A fixed deposit (FD) is a type of savings account where you deposit a certain amount of money for a fixed period, and the bank pays you interest on it. The longer the tenure, the higher the interest you earn. You can’t withdraw the money before the end of the fixed period without paying a penalty.

Key Features of Fixed Deposits:

Guaranteed returns

Safe and secure

Better interest rates than a regular savings account

Flexible tenure options

Easy to open and manage

Equitas Small Finance Bank provides all of these features along with attractive interest rates that suit every type of saver, whether young or old.

Why Choose Equitas Bank for Fixed Deposits?

There are many banks in India that offer fixed deposit services. But Equitas Bank stands out because of its customer-friendly approach, high interest rates, and excellent digital and branch services. Here are some of the main reasons why Equitas is a preferred choice for many people:

1. High Interest Rates

Equitas Bank offers some of the best FD rates in the market, especially for senior citizens. The interest rates are often higher than those provided by bigger commercial banks, helping your savings grow faster.

2. Flexible Tenure

You can open an FD for as short as 7 days or as long as 10 years. Whether you need a short-term option or a long-term plan, Equitas has you covered.

3. Low Minimum Deposit

You don’t need a large amount to start. The minimum deposit amount is low, which makes it suitable for students, small savers, and regular households.

4. Safe and Regulated

Equitas is a scheduled small finance bank regulated by the Reserve Bank of India. Your deposits are insured up to ₹5 lakh under the DICGC scheme, ensuring complete safety.

5. Senior Citizen Benefits

Senior citizens get an extra interest rate on fixed deposits. This makes Equitas an ideal option for retired individuals looking to earn a steady income.

Equitas Fixed Deposit Interest Rates (As per latest information)

Though interest rates change from time to time, here’s a general idea of the kind of rates Equitas offers on fixed deposits:

Tenure	Interest Rate (General)	Senior Citizen Rate
7 to 29 days	3.50%	4.00%
30 to 90 days	4.00%	4.50%
91 to 180 days	5.25%	5.75%
181 to 364 days	6.00%	6.50%
1 to 2 years	8.00%	8.50%
2 to 3 years	7.75%	8.25%
3 years and above	7.25%	7.75%

Note: These rates are indicative and may change based on market conditions. For the latest, always check with the nearest Equitas branch.

How to Open a Fixed Deposit at Equitas Bank

You can open an Equitas fixed deposit account in a few simple ways. The process is smooth whether you prefer digital banking or visiting a nearby branch.

1. Through Mobile Banking App

Download the Equitas Bank mobile app

Go to the “Deposits” section

Choose “Open New FD”

Enter amount, tenure, and interest payout preference

Confirm and submit

2. Through Internet Banking

Visit Equitas Bank’s internet banking platform

Select “Open Fixed Deposit”

Fill in the required details and submit

3. Visit Nearest Branch

Search for Equitas Bank branches near you

Carry valid KYC documents

Fill out the fixed deposit form

Deposit your money and receive the acknowledgment

You can locate your nearest branch or ATM using the Equitas branch locator page. This makes it easy for you to find “fixed deposits near me” with accurate location results.

Documents Required to Open a Fixed Deposit

Whether you open it online or offline, you will need some basic documents:

PAN card

Aadhaar card or valid ID proof

Address proof

Bank account details (if not already an account holder)

Once your account is verified, your fixed deposit is opened, and you will receive an FD receipt for your records.

Types of Fixed Deposits Offered by Equitas Bank

Equitas Bank offers a variety of FD schemes to match different savings goals. Let’s take a quick look at the options:

1. Regular Fixed Deposit

Perfect for individuals who want to grow their savings safely. You earn a fixed interest for the selected tenure.

2. Tax Saver FD

This FD comes with a 5-year lock-in period and allows you to claim tax deductions under section 80C of the Income Tax Act.

3. Senior Citizen Fixed Deposit

Offers higher interest rates for individuals aged 60 and above. A great way to earn monthly income post-retirement.

4. Cumulative FD

Interest is compounded and paid at the end of the term, along with the principal amount.

5. Non-Cumulative FD

Interest is paid at regular intervals (monthly, quarterly) while the principal stays locked till maturity.

You can choose the one that fits your needs best.

Benefits of Investing in Equitas Fixed Deposits

Here’s why opening a fixed deposit with Equitas Bank is a smart choice:

Reliable Returns: You get what is promised—no surprises.

Flexible Terms: Choose from short-term to long-term plans.

Easy Liquidity: Option for premature withdrawal if needed (with penalty).

Loan Against FD: Get a loan or overdraft facility against your fixed deposit in emergencies.

Auto-Renewal Option: Set your FD to renew automatically when it matures.

How to Calculate FD Returns?

You can use a fixed deposit calculator available on the Equitas website to check how much you’ll earn over a certain period. Just enter:

Deposit amount

Interest rate

Tenure

Payout option (cumulative/non-cumulative)

The calculator will show you the total maturity value, including interest.

Frequently Asked Questions

1. Is there a penalty for early withdrawal?

Yes, like most banks, Equitas may charge a small penalty if you withdraw before maturity.

2. Can I open an FD without a savings account?

You may need to open a savings account first, but some exceptions may apply. Visit a branch to confirm.

3. What is the minimum and maximum deposit amount?

The minimum deposit usually starts from ₹5,000. There is no strict upper limit.

4. How do I get the best rate?

Generally, longer tenures offer better rates. Senior citizens also get a higher rate.

5. Can I open multiple FDs?

Yes, you can open as many as you want and even set different tenures for each.

Find Fixed Deposits Near You Easily

Using the Equitas Bank locator tool, you can easily find the nearest branch that offers FD services. Just enter your city or pin code, and it will show you all the nearby locations where you can open or manage fixed deposits. This is very helpful if you are searching for Fixed Deposits near me with attractive interest rates and reliable service.

Conclusion

Equitas Small Finance Bank has emerged as one of the most trusted banks for fixed deposit services. With competitive interest rates, easy access, and multiple options for account management, it offers everything you need to grow your savings in a safe and simple way.

Whether you want to invest for a short term or build wealth over time, Equitas Bank has a fixed deposit plan that will fit your goals. Plus, with tools like the branch locator, mobile app, and internet banking, you can manage your deposit anytime and from anywhere.

So the next time you search for “Fixed Deposits near me,” remember that Equitas Bank could be the perfect answer. Visit your nearest branch, or explore online options to start saving smartly today!

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BEST FIXED DEPOSIT INTEREST RATES NEAR ME – EQUITAS BANK

Best Fixed Deposit Interest Rates Near Me – Equitas Bank