Equitas Small Finance Bank RD Interest Rates

What is an Equitas Small Finance Bank Recurring Deposit

Equitas Small Finance Bank Recurring Deposit (RD) is a savings plan that helps you grow a habit of saving by putting a fixed amount into your account each month. An investment of ₹1000 per month is allowed with a flexible tenure between 12 months and 10 years to match your financial goals.

With the RD, your monthly savings grow steadily and earn rewarding returns, and you can use an RD calculator to estimate your maturity value. This product suits customers who favour regular saving over lump-sum investment and seek a careful and planned way to build funds for future needs.

The bank provides added benefits such as higher returns for resident senior citizens and easy online and offline account opening choices. Besides, Equitas Small Finance Bank FD interest rates give customers options to earn guaranteed returns from lum sum investments.

Equitas Small Finance Bank Recurring Deposit Interest Rates

This table shows Equitas Small Finance Bank Recurring Deposit interest rates for deposits under ₹3 crores across different tenures and customer types.

*Equitas Small Finance Bank RD Interest Rates w.e.f. March 2nd, 2026.

Note: Extra 0.50% p.a. interest is offered for Resident Senior Citizens. This benefit does not apply to NRE/NRO accounts.

Types of Equitas Small Finance Bank Recurring Deposit

Equitas Small Finance Bank offers a variety of Recurring Deposits with varied features to meet customer demands.

1. Regular Recurring Deposit

   This RD lets customers save regularly and earn guaranteed returns with consistent monthly contributions. It includes nomination benefits and earns steady interest over the chosen tenure, helping build disciplined savings for future goals. A built‑in RD calculator lets you plan monthly savings and final returns clearly.

2. NRE Recurring Deposit

   Made for Non-Resident Indians (NRI) using NRE accounts, this RD allows complete repatriation of both principal and interest. Interest gained is tax-free in India, and joint RD options are available with another NRI or Overseas Citizen of India (OCI), making it suitable for global savings planning.

3. NRO Recurring Deposit

   It is meant for NRIs holding NRO accounts, giving simple support for saving within India with repatriation allowed under set rules. It permits joint holding with another NRI or OCI and follows local income conditions, while interest earned is taxed as per Indian tax laws.

Key Features of Equitas Small Finance Bank Recurring Deposit

The unique features of Equitas Small Finance Bank Recurring Deposit make it a convenient and rewarding savings option for all types of customers.

• RD Premature Withdrawal: Equitas Small Finance Bank RD premature withdrawal allows during emergencies, with interest revised as per the bank’s policies, giving flexibility while protecting your savings overall.
• Unified RD Scheme for All Customer Types: The RD product applies uniformly to Resident Indians, NRE, and NRO customers under the same scheme, offering a single solution for domestic and overseas savers.
• Digital-First Booking Experience: You can open and handle your RD through the bank’s online platform, so you can easily begin online at any time without going to a branch.
• Quarterly Compounding Advantage: Interest on the RD is compounded each quarter, which helps your savings grow faster over time.
• Consistent Rewarding Rates Across Tenures: Equitas offers steady, rewarding RD interest rates across all eligible tenures, simplifying savings planning without worrying about fluctuating returns.
• Loan Against RD: Customers may take an Equitas Small Finance Bank loan against RD, using recurring deposit balance as security to meet urgent financial needs without closing the deposit.

How to Open an Equitas Small Finance Bank RD Account

Below are the step‑by‑step instructions for opening a Recurring Deposit (RD) account with Equitas Small Finance Bank:

Online Method

Use these steps to set up your RD account via the bank’s online channels.

• Activate Netbanking: Make sure your Netbanking remains active for online access.
• Log in to Netbanking: Enter your login details to sign in.
• Select RD Option: Go to Recurring Deposit in the menu.
• Fill RD Details: Provide amount, tenure, and other choices.
• Confirm RD Submission: Review and submit your RD form.
• RD Confirmation: Get confirmation after the RD is created.

Offline Method

Go to a nearby bank branch and follow this method.

• Visit the Branch: Reach the nearest Equitas Small Finance Bank branch easily.
• Collect RD Form: Request the recurring deposit application form.
• Fill RD Form: Complete all required details in a simple and correct manner.
• Attach Documents: Give ID, address proof, and PAN copies.
• Pay First Deposit: Deposit your first RD at the counter.
• Receive Account Info: Find the RD account number and papers.

Eligibility Criteria for Equitas Small Finance Bank RD

This savings plan is available only to eligible Equitas Small Finance Bank recurring deposit holders.

• Resident Indian Individuals: Resident Indian customers can open an RD account with Equitas Small Finance Bank under standard RD rules, thereby offering disciplined monthly savings options.
• Non‑Resident Indians (NRI): NRI customers may open NRE Recurring Deposit or NRO Recurring Deposit accounts as part of their recurring deposit investment options with the bank.
• Joint Applicants: RD accounts can be opened jointly by more than one eligible customer, including NRI and Resident Indian combinations where allowed.
• Minors Under Guardianship: Minors can open an RD account under the care of a parent or legal guardian, and deposits are managed until maturity.
• Trusts and Hindu Undivided Families (HUFs): Groups such as HUFs and trusts are allowed to open RD accounts, subject to the bank’s account opening norms and documentation requirements.
• Corporations and Other Entities: Corporations, partnerships, organisations, clubs, and other legal entities can open recurring deposit accounts per bank deposit product requirements.

Key Takeaways

Equitas Small Finance Bank RD simply lets you save every month for up to 120 months. Senior citizens receive an additional 0.50% interest. Customers can take a loan against RD and withdraw early if needed. Digital and branch options make account opening easy. These features add to the Equitas Small Finance Bank Savings Account, providing flexible and rewarding savings for all customers.