Equitas Bank Savings Account: Up to 7% Interest Rates. Elevate your banking experience with Equitas. We have gone the extra mile to ensure our products are tailored to your needs, hassle-free, digital, and easily accessible. Why Choose Equitas Bank Savings Account? Equitas Bank offers a range of financial products, including the Equitas Bank Savings Account, through its network of branches in India and overseas. The savings account comes with numerous benefits and services, with attractive features like no minimum balance requirement and access to ATM/Debit cards, net banking, and mobile banking facilities.
At Equitas Small Finance Bank, we have designed a Savings Account product bouquet with a focus on relevance. Each variant in our Savings Account offerings caters to different demographic aspects of one’s life, whether you are just starting your savings journey or enjoying retirement, whether you are a salaried individual or a professional living abroad, whether you are a student or an ambitious woman pursuing her dreams. Our goal at Equitas Bank is to genuinely enhance your banking experience and add value to your financial journey.
इस पोस्ट में क्या है ?
Unique Features of Equitas Bank Savings Account
- Equitas Bank provides competitive interest rates of up to 7.00%*, maximizing your savings potential.
- With Equitas Bank, you can enjoy a quarterly interest payout, ensuring you benefit from your savings every month.
- As your banking relationship with us evolves, we offer you a complimentary upgrade to the next level of well-deserved banking privileges and service benefits.
Equitas Bank Savings Account Interest Rates
Below are the applicable interest rates for balances in Domestic Savings Accounts, including the interest rate for the Standard Savings Account, effective from December 14, 2023.
Interest Rates for Savings Accounts
Daily Closing Balance | Rate Slab |
---|---|
Up to ₹ 1 lakh | 💰 3.50% |
Above ₹ 1 lakh and up to ₹ 5 lakhs | 💰 5.25% |
Above ₹ 5 lakhs | 💰 7.00% |
- Applicable TDS will be deducted.
- Please review all terms and conditions related to FD/RD for premature withdrawal.
- Senior citizens enjoy an additional 0.60% interest rate (not applicable for NRE/NRO accounts).
Application Process
- To apply for an Equitas Bank Savings Account online, click here.
- The online procedure for opening an Equitas Bank savings accoun. is straightforward.
- Any Indian resident can easily open an Equitas Bank savings account online by visiting the Equitas Bank website. Under personal banking, navigate to “Deposit schemes,” where you’ll find the option for a savings bank account.
- Before clicking on the “apply online” option, it’s essential to review the benefits, rules, and regulations.
- Complete all the required details in the online application form.
- A Temporary Customer Reference Number (TCRN) will be generated and sent to your registered mobile number.
- Within 30 days, visit the nearest Equitas Bank branch with the necessary original documents, and your account will be opened.
Types of Equitas Bank Savings Accounts
- Yellow Army Savings Account
- Wings Savings Account
- Basic and Small Savings Account
- Standard Savings Account
- Regular Savings Account
- Value Plus Account
- My Savings Account
- SelfeSavings Account
Advantages of Equitas Bank Savings Account
Equitas Bank offers a variety of financial products, among which the Equitas Bank Savings Accoun. stands out. Accessible through its widespread network of branches in India and overseas, this savings account boasts numerous advantages and user-friendly services. Of notable benefit is the absence of a minimum balance requirement, along with the provision of ATM/Debit cards, net banking, and mobile banking facilities.
- Transfer accounts to any Equitas Bank Branch without altering the account number.
- Receive a complimentary passbook.
- Enjoy transfer transactions without incurring inter-core charges.
- Access multicity cheques.
- Benefit from safe deposit lockers.
- Utilize Internet Banking, Mobile Banking, and Kiosk Banking services.
- Avail the nomination facility.
- Secure Personal Accident Insurance at a nominal premium.
- Choose from multiple ATM/Debit Card variants, such as Gold Card and International ATM/Debit Card.
- Link your account to the Multi Option Deposit (MOD) Account.
Required Documents for Opening an Equitas Bank Savings Account
- Account Opening Form (AOF)
- Proof of identity and address (Aadhar card, NREGA card, PAN card, Passport, Voter’s ID, Driving Licence)
- Two recent passport-size colored photographs
- For minors below the age of 10, the ID proof of the person who will operate the account is necessary. If the minor can independently operate the account, the standard procedure applies.