Chennai: Equitas Small Finance Bank has announced revision of interest rates on savings accounts.
The SFB offers 5.5 per cent per annum interest on SB deposits for balance up to 1 lakh; six per cent p.a. above Rs 1 lakh and up to Rs 10 lakh; 6.5 per cent p.a. above Rs 10 lakh and up to Rs 1 crore; seven per cent p.a. above Rs 1 cr and up to Rs 5 crore, 7.25 per cent p.a. above Rs 5 crore and up to Rs 30 crore and 7.5 per cent p.a. above Rs 30 crore and up to Rs 50 crore.
Equitas offers interest on fixed deposit at 8.8 per cent p.a for a tenure of two years one day to three years. Senior citizens will get benefit of 0.75 per cent additional interest.