Mumbai: There is good news for those looking for safe and attractive options for investment. Equitas Small Finance Bank has made a big change in the interest rates of its fixed deposits, which came into effect from 7 April 2025. After this amendment, general customers will get interest ranging from 3.50% to a maximum of 8.05%, while for senior citizens this rate will reach 8.55%. This move is not only creating enthusiasm among investors, but can also prove to be a strong position of the bank in the market.

New interest rate structure

Equitas Small Finance Bank has revised the interest rates for different periods, giving customers an opportunity to invest according to their needs. Interest rates for short-term to long-term plans are as follows:

7-29 days: 3.50%

30-45 days: 4.00%

91-180 days: 6.00%

271-364 days: 7.20%

444 days to 18 months: 7.90%

888 days (special plan): 8.05% (highest for general customers)

4 years 1 day to 10 years: 7.25%

In this framework, the most attention-grabbing plan is the 888-day special plan, which gives an attractive return of 8.05% to general customers. At the same time, the rate of 7.25% is also a solid option for those looking for long-term investment.

Special gift for senior citizens

The bank has offered 0.50% additional interest on all tenures, keeping senior citizens in mind. This means that they will get up to 8.55% interest in the 888-day plan. However, this benefit will not be available to NRE and NRO account holders. A bank official said, “Our aim is to provide financial security to senior citizens, so that their regular income can be increased.” Impact of competition in the market In recent months, many private banks, such as Yes Bank, have changed their FD rates. In this competitive environment, this move of Equitas has brought a new opportunity for investors. Financial advisor Priya Sharma says, “In this era of inflation, the interest rate of 8.05% or 8.55% is quite attractive. It is best for those who want stable returns while avoiding risk.” He believes that small financial banks are now giving tough competition to big banks. What does it mean for investors? In the current economic situation, where stock market volatility and inflation concerns remain, fixed deposits are a safe haven. These new rates of Equitas are especially beneficial for the middle class and retired people. Suresh Mehta, a retired government employee from Mumbai, says, “The rate of 8.55% is a boon for people like me. This will provide additional income along with my pension.”

Human aspect

This is not just a matter of numbers, but also an issue related to people’s lives. Radha Verma, a small town housewife, who is saving money for her children’s education, says, “I cannot take too much risk. 888 days FD is right for me – safe and with good returns.” These rates are not only giving financial benefits, but are also giving people assurance about the future.

Bank’s strategy

This decision of Equitas Small Finance Bank is considered to be a part of its strategy to increase its penetration in the market. Experts say that with higher interest rates the bank can collect more deposits, which will increase its lending capacity. Financial analyst Ajay Gupta says, “This move is beneficial for both customers and the bank. It also shows the growing strength of small banks.” What should investors do?

Equitas’ new FD rates are a golden opportunity for investment, but experts advise to keep your needs and goals in mind before investing. Priya Sharma says, “If you have to keep money safe for two-three years, then the 888 day plan is great. But for the long term, look at other options as well.”

A ray of new hope

This initiative of Equitas Small Finance Bank is not only attracting investors, but is also strengthening the credibility of small banks. Interest rates of 8.05% and 8.55% are an attractive offer in today’s era. If you also want to grow your money in a safe and profitable way, then do not miss this opportunity.

(The author is an independent financial journalist. This article is based on facts and expert opinion.)