Equitas SFB Recurring Deposit (RD) Calculator
Build a disciplined monthly wealth fund with Equitas Small Finance Bank Recurring Deposits. Enjoy quarterly compounding interest with flexible monthly instalments starting at ₹500.
Official Rate Formula & Benchmark:
Equitas SFB Recurring Deposits accumulate interest using quarterly compounding on each monthly instalment. For a 3-year RD, the rate is 7.75% p.a. (8.25% for seniors).
Current official starting rate: 7.75% p.a. (Range: 7.75% – 8.25% p.a.).
Equitas SFB RD 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+
RD Accumulation Schedule
| Year | Deposited To Date | Cumulative Interest | Closing Balance |
|---|---|---|---|
| Year 1 | ₹1,20,000 | ₹5,125 | ₹1,25,125 |
| Year 2 | ₹2,40,000 | ₹20,233 | ₹2,60,233 |
| Year 3 | ₹3,60,000 | ₹46,119 | ₹4,06,119 |
Rate Verification & Official Notice
7.75% p.a.
7.75% – 8.25% p.a.
fixed RateRBI Repo Linked / Card Rate
Senior Citizens: up to 8.25% p.a.Applicable Conditions & Eligibility Factors:
- Quarterly compounding on monthly instalments
- Minimum deposit ₹500 per month
Source: Equitas SFB Recurring Deposit Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Set monthly instalment from ₹500 upwards.
- 2Choose tenures between 6 months and 120 months.
- 3Automated standing instruction debits directly from your Equitas savings account.
Key Factors Influencing Your Rate
- •Senior citizen 0.50% extra rate
- •Flexible tenures
- •DICGC insurance coverage
Worked Numerical Example: Equitas SFB RD Calculator
Depositing ₹10,000 monthly for 3 years (36 instalments) at 7.75% p.a. quarterly compounding yields ₹4,06,119 at maturity on total deposits of ₹3,60,000, earning ₹46,119 in interest.
Frequently Asked Questions: Equitas SFB RD Calculator
- Minimum deposit for Equitas RD?
- ₹500 per month.
- How is interest calculated?
- Quarterly compounding per IBA guidelines.