Equitas Small Finance Bank FD KYC

What is Equitas Small Finance Bank FD KYC?

Equitas Small Finance Bank FD KYC is essentially the bank’s “full KYC” verification required for deposit products, including fixed deposits. It involves validating your identity and address through documents like Aadhaar and PAN, and can also involve video-based KYC. Full KYC status allows you to open FDs, maintain accounts, and benefit from all of Equitas’ banking services and benefits , including best Equitas Small Finance Bank FD interest rates. 

How to Complete Equitas Small Finance Bank FD KYC?

For New Customers

Online Process (Video KYC):

Step 1: Download or open the Equitas Bank app or use their digital onboarding portal.

Step 2: Choose the “Open Fixed Deposit” or “Self FD” option.

Step 3: Provide your name, contact details, and Aadhaar number.

Step 4: Schedule a video call with a bank agent for video KYC.

Step 5: During the call, show your PAN card to the agent for verification.

Step 6: Sign on a white paper in front of the camera to authenticate your identity

Step 7: Once verified, your account is upgraded to full KYC, and you can book a fixed deposit using UPI or other funding methods.

Offline Process:

Step 1: Visit your nearest Equitas Small Finance Bank branch.

Step 2: Request the KYC or account opening form.

Step 3: Fill in your personal details: name, address, date of birth, etc.

Step 4: Submit valid identity proof (e.g., Aadhaar, PAN) and address proof (same list) as originals as well as copies.

Step 5: Submit a recent passport-size photograph.

Step 6: The branch will verify your documents and update your KYC to “full KYC.

Step 7: Once full KYC is done, you can open a Fixed Deposit account or opt for “Selfe FD” with the verified profile.

For Existing Customers (Re-KYC)

Online Process:

Step 1: Visit the Equitas “KYC Compliance” page to check your KYC status.

Step 2: If you are a “limited KYC” customer, you’ll need to upgrade to “full KYC.”

Step 3: Go to the branch or use authorised agents to complete required documentation.

Step 4: Submit your Aadhaar, PAN, or other identity/address documents for verification.

Step 5: If converting from “half KYC,” biometric devices may be used by business correspondents.

Step 6: Once accepted, your account status will change to “full KYC,” enabling access to all FD products.

Step 7: You’ll get confirmation via SMS / branch and then be eligible for fixed deposits at full rates.

Offline Process:

Step 1: Visit your Equitas branch with original identity and address proof.

Step 2: Request a “KYC Update or Full KYC” form.

Step 3: Fill in your details carefully.

Step 4: Submit self-attested copies of ID as well as address proof (Aadhaar, PAN, etc.).

Step 5: Provide your passport-size photograph.

Step 6: The branch will verify your documents and upgrade your account to full KYC.

Step 7: After verification, your account is fully KYC-compliant and ready for all FD activity.

Eligibility for Equitas Small Finance Bank FD KYC

The eligibility criteria for Equitas Small Finance Bank FD KYC are:

• Individual residents (Indian citizens)
• Customers holding a “limited KYC” account who need to convert to “full KYC”

Documents Required for Equitas Small Finance Bank FD KYC

To complete the KYC process, you need:

• Proof of Identity: Aadhaar, PAN (mandatory), Passport, Voter ID, Driving Licence
• Proof of Address: Aadhaar, Passport, Voter ID, Driving Licence
• Passport-size photograph

For Existing Customers (Re-KYC):

• If converting from limited KYC: Aadhaar or PAN (and possibly biometric)
• If address or identity has changed: updated proof of address or identity document

Benefits of Equitas Small Finance Bank FD KYC

The benefits of Equitas Small Finance Bank FD KYC are: 

• Seamless FD Booking: After full KYC, you can open FDs via app or web easily.
• Regulatory Compliance: Ensures your FD is fully legitimate, meeting RBI KYC norms.
• Access to Highest FD Interest Rates: Full KYC makes you eligible for competitive FD interest rates.
• Enhanced Digital Flexibility: Video KYC and digital onboarding reduce branch visits.
• Easy Reactivation: For inoperative or dormant FD accounts, you can reactivate them by updating your KYC at a branch.

Conclusion

Completing your Equitas Small Finance Bank FD KYC ensures you can open, maintain, and renew fixed deposits without interruptions. By completing either video or branch KYC and upgrading from limited to full KYC, you unlock the full benefits of Equitas FD interest rates, secure your account, and comply with regulatory norms.