The bank said that the hike will allow savings account customers to gain 7 percent interest who have a closing balance above Rs. 5 crore upto Rs. 30 crore. There is also an increase in interest rates on Fixed Deposits and Recurring Deposits with the peak rate being at 8 per cent and 7.75 per cent, respectively.
Equitas Small Finance Bank Limited, has announced the revised interest rates for savings, Fixed Deposits as well as Recurring Deposits in Domestic and NRE / NRO Interest Rates Accounts from December 14, 2022.
The Board of Directors of Equitas Small Finance Bank Limited, at its meeting held today have approved the financial results of the company for the period ended September 30, 2022 - Q2FY23 and H1FY23.
Equitas Small Finance Bank Limited, one of the leading SFBs, has announced the revision of interest rates for savings, Fixed Deposits as well as Recurring Deposits in Domestic and NRE/ NRO Interest Rates Accounts.