Equitas FD Calculator, Eligibility Criteria, and Interest Rates for 2025: A Complete Guide to Fixed Deposits
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Fixed Deposits (FDs) are one of the most popular and safest investment options in India. Among the various banks offering FD schemes, Equitas Small Finance Bank stands out for its competitive interest rates and flexible investment plans. If you're thinking of investing in Equitas Fixed Deposits in 2025, this guide will help you understand the FD calculator, eligibility criteria, and the interest rates offered by the bank.
Explore everything you need to know about Equitas Fixed Deposit (FD) in 2025. Learn how to calculate your returns using the FD calculator, understand the eligibility criteria, and get updated interest rates. Whether you're a first-time investor or looking to secure your savings, this guide covers all the essential details about Equitas Fixed Deposits and their benefits.
What is an Equitas FD Calculator?
The Equitas FD Calculator is an online tool that helps you calculate the maturity amount of your Fixed Deposit investment with Equitas Bank. By entering details like the investment amount, interest rate, and tenure, you can quickly get an estimate of the returns you can expect when your FD matures.
The calculator takes into account factors such as:
- Principal Amount: The initial sum you invest.
- Interest Rate: The rate at which you earn interest on your FD.
- Tenure: The length of time you keep your money invested, which can range from 7 days to 10 years.
Using this tool is a convenient way to plan your investment and understand how much you will receive at maturity. It helps you compare different FD schemes based on your needs and financial goals.
Eligibility Criteria for Equitas Fixed Deposit
Before you open an FD account with Equitas, it's important to know the eligibility criteria. Equitas offers Fixed Deposit accounts to a wide range of individuals. Here’s a look at the eligibility:
- Individual Investors: Any Indian resident, whether salaried, self-employed, or retired, can open an FD with Equitas.
- Minors: Minors are eligible to open an FD account, but the account must be operated by a guardian until the minor turns 18.
- Joint Accounts: Equitas allows you to open a joint FD account with family members or friends. All joint account holders must meet the eligibility criteria.
- Hindu Undivided Families (HUFs): HUFs can also open an FD account with Equitas.
- Trusts and Charitable Organizations: Non-profit organizations can also invest in Equitas FD, subject to applicable terms and conditions.
- Senior Citizens: Senior citizens (aged 60 and above) enjoy additional benefits, such as higher interest rates on their Fixed Deposits.
Interest Rates for Equitas Fixed Deposit in 2025
Equitas offers competitive interest rates on its Fixed Deposit schemes, with rates varying based on the tenure and age group of the investor. For 2025, the bank has revised its interest rates, offering attractive returns for both regular and senior citizen investors.
Below is a table showing the interest rates for different tenures in 2025:
Tenure Interest Rate (2025) Senior Citizens' Interest Rate
7 days to 14 days 3.50% per annum 4.00% per annum
15 days to 29 days 4.00% per annum 4.50% per annum
30 days to 45 days 4.50% per annum 5.00% per annum
46 days to 90 days 5.00% per annum 5.50% per annum
91 days to 180 days 5.50% per annum 6.00% per annum
181 days to 365 days 6.25% per annum 6.75% per annum
1 year to 3 years 6.75% per annum 7.25% per annum
3 years to 5 years 7.00% per annum 7.50% per annum
5 years to 10 years 7.25% per annum 7.75% per annum
These interest rates are applicable for both monthly and quarterly interest payouts, and the interest is paid as per your chosen frequency.
Benefits of Investing in Equitas Fixed Deposits
Equitas Fixed Deposits come with numerous benefits, making them an attractive option for both first-time and seasoned investors. Here are some of the key benefits:
1. Safety and Security
Equitas is a Small Finance Bank regulated by the Reserve Bank of India (RBI). This makes your investment safe and secure, with a high level of government protection. The bank also offers insurance on deposits through the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh.
2. High Interest Rates
Equitas offers some of the highest interest rates in the market, especially for senior citizens. With an interest rate of up to 7.25% (7.75% for senior citizens) for long-term FD tenures, Equitas ensures that your savings grow at a competitive rate.
3. Tax Benefits
If you invest in a 5-year fixed deposit with Equitas, you can avail of tax benefits under Section 80C of the Income Tax Act, which allows you to claim deductions of up to ₹1.5 lakh in a financial year.
4. Flexible Tenure
Equitas offers a wide range of tenures for its Fixed Deposits, from as short as 7 days to as long as 10 years. This flexibility allows you to choose a tenure that best suits your financial goals and liquidity needs.
5. Loan Against FD
In case of emergencies, you can take a loan against your Equitas Fixed Deposit. The loan amount can be up to 90% of the FD value, providing you with a source of quick liquidity without having to break your FD.
6. Premature Withdrawal Facility
Equitas allows you to withdraw your FD prematurely, although it may involve a penalty. However, it’s important to check the specific terms and conditions regarding premature withdrawals to avoid unnecessary deductions.
7. Convenient Online Services
You can easily open an FD, manage your account, and track your investment through Equitas' online banking services. This convenience allows you to access your FD account from anywhere, at any time.
How to Open an Equitas Fixed Deposit Account?
Opening an FD account with Equitas is a simple and straightforward process. Here's how you can open your FD account:
- Visit the Bank or Use Online Banking: You can either visit your nearest Equitas branch or use the bank’s online banking portal to open an FD account.
- Fill Out the Application Form: Complete the FD application form and submit the required documents.
- Submit Documents: Provide identity proof, address proof, and photographs as part of the application.
- Make the Deposit: Choose the amount you wish to invest and the tenure. You can make the deposit through cash, cheque, or online transfer.
- Get the Receipt: Once your FD account is opened, you’ll receive a receipt. This will serve as proof of your investment.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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