INSUBCONTINENT EXCLUSIVE:
Small finance banks generally offer higher interest rates as compared to many leading banks.Equitas Bank, a small finance bank, has revised
its recurring deposit (FD) rates with effect from November 1, 2018
Small finance banks are banks, which provide financial inclusion to small businesses, micro and small industries
Recurring Deposit or RD is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which generates
Small finance banks generally offer higher interest rates as compared to many leading banks
The interest rates on recurring deposits of large banks like State Bank of India, HDFC Bank, ICICI Bank are not as high as those offered by
small finance banks such as Equitas Small Finance Bank, AU Small Finance Bank and Suryoday Bank.Here is a comparison of recurring deposit
(RD) rates offered by Equitas Small Finance Bank, AU Small Finance Bank and Suryoday Bank:Equitas Small Finance BankRecurring Deposit for
1 crore w.e.f 1 st Nov 201812 Months8.50%15 Months8.50%18 Months8.50%21 Months8.75%24 Months8.75%30 Months8.80%36 Months8.80%48
Months7.00%7.50%12 Months7.00%7.50%15 Months8.25%8.75%18 Months8.25%8.75%21 Months8.50%9.00%24 Months8.50%9.00%27 Months7.75%8.25%30
Months7.75%8.25%33 Months7.75%8.25%36 Months7.75%8.25%37 Months to 45 Months7.75%8.25%46 Months to 60 Months8.00%8.50%61 Months to 120
months8.50%9.00%18 months8.50%9.00%21 months8.50%9.00%24 months8.50%9.00%27 months8.75%9.25%30 months8.75%9.25%33 months8.75%9.25%36
