Equitas Small Finance Bank gains on introducing new tenure for fixed deposits
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Equitas Small Finance Bank is currently trading at Rs. 87.47, up by 0.20 points or 0.23% from its previous closing of Rs. 87.27 on the BSE.
The scrip opened at Rs. 87.69 and has touched a high and low of Rs. 87.69 and Rs. 86.21 respectively. So far 152329 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.10 on 31-May-2023 and a 52 week low of Rs. 37.50 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 90.10 and Rs. 83.67 respectively. The current market cap of the company is Rs. 9646.01 crore.
The promoters holding in the company stood at 65.66%, while Non-Institutions held 34.34% stake in the company.
Equitas Small Finance Bank has introduced new tenure for fixed deposits in domestic and NRE/ NRO Interest Rates Accounts. The revised interest rates is effective from June 05, 2023.
The bank has introduced a new slab of 444 days tenure that offers an interest rate of 8.5% for deposits less than Rs 2 crore. The bank also continues to offer interest rates on RD investments for tenures ranging from 12 months to 120 months. Both domestic and NRE/ NRO account holders will be eligible to benefit from this new slab. Furthermore, domestic senior citizens will receive 0.50% extra on the FD and RD rates. The interest payouts will continue to be quarterly across all account types.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
