Equitas Small Finance Bank hikes interest rates up to 7.5% on Savings

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BiznextIndia: Equitas Small Finance Bank has revised the interest rates on it savings account with effect from 1st January 2019.

Equitas Small Finance Bank offers 5.5 per cent per annum interest on SB deposits for balance up to 1 lakh above Rs. 1 lakh and up to Rs. 10 lakhs: 6.00% p.a. above Rs. 10 lakhs and up to Rs. 1 crs: 6.50%p.a. above Rs. 1 cr and up to Rs. 5 crs: 7.00% p.a. above Rs. 5 crs and up to Rs. 30 crs: 7.25% p.a. above Rs. 30 crs and up to Rs. 50 crs: 7.50% p.a. Equitas offers interest on fixed deposit 8.8% p.a for a tenure of 2 years 1 day to 3 years. Senior citizens will get benefit of 0.75% additional interest rate that makes to 9.55% p.a.

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