Majority of the banks are offering FD interest rates between 4.5% to 6%. Only a few banks are offering high interest rates. One among them is Equitas Small Finance Bank. It offers FD interest rates ranging between 6.75% to 7.35% for 1 to 5 years tenure. Equitas Small Finance Bank is small finance bank and has come up with an IPO too. Should you invest in Equitas Small Finance Bank Fixed Deposits? While it offers up to 7.35% interest rates, are Small finance banks are safe to invest?
Also Read: Best FD interest rates in India in 2020
About Equitas Small Finance Bank Limited
They are the largest Small finance bank in India in terms of number of banking outlets, and the second largest Small finance bank in India in terms of assets under management and total deposits in Fiscal 2019.
Features of Equitas Small Finance Bank…