Fixed Deposit Details
Bank Name
Equitas Small Finance Bank
Eligibility
You must be an Indian resident aged 18 years or above. You should have a valid PAN card. Your mobile number must be linked to your Aadhaar card.
Interest Rate
Up to 8.10% per annum.
Tenure
12 months to 120 months.
Fixed Deposit Type
Recurring
Recurring Deposits
Tax Benefits
Credit Ratings
CRISIL A1+
Interest Payment Frequency
At maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Not specified by the bank.
Features
- Minimum duration of 12 months.
- Minimum deposit requirement of Rs. 1000.
- 0.50% per annum additional rate for senior citizens.
Minimum Investment Amount
INR 1000
Features & Benefits
Pros
- Attractive Interest Rates
- Flexible Tenure
- Maximum tenure of up to 120 months.
Cons
- Early Withdrawal Penalty
- Payment of interest at the time of maturity only.
Pros & Cons
How to Open?
- Visit the Equitas Bank Selfe FD webpage: Access the official webpage directly at http://www.equitasbank.com/fixed-deposit .
- Review the details: This webpage provides a clear overview of the Selfe FD scheme, including minimum deposit amount (Rs. 5,000), maximum deposit amount (Rs. 90,000), tenure options (7 days to 365 days), and current interest rates.
- Click on "Open Selfe FD Account": This button initiates the online application process.
- Fill out the application form: Enter your personal details like name, date of birth, mobile number, and email address (optional).
- Aadhaar e-KYC: The bank uses Aadhaar based e-KYC for verification. You'll receive a One Time Password (OTP) on your Aadhaar linked mobile number. Enter the OTP to proceed.
- Choose your deposit details: Specify your preferred deposit amount (within the minimum and maximum limits) and choose your desired tenure (7 days to 365 days).
- Fund your FD: You can conveniently fund your Selfe FD directly using the United Payments Interface (UPI) method. This allows you to transfer money from your bank account (any bank) through a UPI app.
- Confirmation: Upon successful application and fund transfer, you'll receive a confirmation message and an electronic Fixed Deposit Receipt (FDR).
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:07Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
