Equitas SFB Fixed Deposit (FD) Calculator
Calculate term deposit returns with Equitas Small Finance Bank Selfe FD. Equitas SFB offers paperless digital FD booking within 3 minutes without requiring a savings account, featuring prominent tenure buckets like 444 days and 888 days.
Official Rate Formula & Benchmark:
Equitas SFB calculates domestic term deposit returns with standard quarterly compounding. A 3-year term deposit carries an official card rate of 7.75% p.a. (8.25% p.a. for senior citizens).
Current official starting rate: 7.75% p.a. (Range: 7.75% – 8.50% p.a.).
Equitas SFB FD Calculator
Interactive calculation engine using official Equitas SFB rates
Senior Citizen Benefit
Equitas SFB offers 8.25% p.a. (+0.50% extra) for age 60+
Deposit Growth Schedule
| Year | Cumulative Interest | Closing Value |
|---|---|---|
| Year 1 | ₹39,891 | ₹5,39,891 |
| Year 2 | ₹82,964 | ₹5,82,964 |
| Year 3 | ₹1,29,474 | ₹6,29,474 |
Rate Verification & Official Notice
7.75% p.a.
7.75% – 8.50% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 8.25% p.a.Applicable Conditions & Eligibility Factors:
- Digital instant booking without branch visit
- Senior citizen 50 bps extra
- Special 444-day bucket at 8.00%
Source: Equitas SFB Fixed Deposit Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Open Selfe FD online in 3 minutes with Aadhaar and PAN without opening a savings account.
- 2Enjoy quarterly compounding on cumulative deposits with flexible payout options.
- 3Premature withdrawal permitted with nominal penalty.
Key Factors Influencing Your Rate
- •Special high-yield slabs (444 days at 8.00% and 888 days at 8.05%)
- •Senior citizen 50 bps premium across all tenures
- •DICGC coverage up to ₹5,00,000
Worked Numerical Example: Equitas SFB FD Calculator
A fixed deposit of ₹5,00,000 placed for 3 years at 7.75% p.a. with quarterly compounding matures at ₹6,29,474, earning ₹1,29,474 in cumulative interest.
Frequently Asked Questions: Equitas SFB FD Calculator
- Can I open an Equitas FD without an account?
- Yes, Equitas Selfe FD can be booked digitally by any Indian citizen without a bank account.
- What is 3-year rate?
- 7.75% p.a. for regular depositors and 8.25% for seniors.