Equitas Small Finance Bank Savings Account

Here is the table that shows the Equitas Small Finance Bank interest rates:

Equitas Small Finance Bank offers you saving accounts that will enable you to save idle money through added interest rates and other benefits.

Mentioned here are some of the varied characteristics of the Equitas Bank savings account-

a) Equitas Small Finance Bank offers up to a rate of interest of 7% per annum. 

b) You can also utilize the services of the bank from anywhere through a large number of branches and ATMs that are spread across the country.

c) You will be enabled with SMS alerts and e-statements that help digital banking.

d) You can choose to transfer funds through the bank to any other bank or an account with the same bank through RTGS, IMPS, UPI, and NEFT.

e) Equitas Small Finance Bank also has personalized account numbers, and cheque book facilities to enhance security and ensure more safely handles money.

f) Equitas Small Finance Bank also has an auto sweep facility where the account can be linked to multiple option deposit MOD accounts.

You can either visit the nearest branch of the bank to open your savings account, or you can apply to open a savings account online through the official portal.

A savings bank account could be opened by a resident Indian, a non-resident Indian (NRI), a Hindu Undivided Family (HUF), or a foreign national. Minors can also open a Minor Account, which is a savings account.

In order to open an account with Equitas Small Finance Bank, an individual will be required to carry along the below-mentioned Valid KYC documents such as-

• Aadhaar, PAN, Voter ID, license, or passport
• Passport size photographs
• Application form
• Bank statement

There are varied kinds of savings accounts offered by the bank to cater to the needs of different clients, and they are-

This is a savings account that offers the client a moderate interest rate and ideal security terms. It has a nomination facility, and individuals who are above the age of 18 can apply for this savings program.

This is a savings program for high-net-worth individuals in the country. There are certain terms of criteria that have to be met in order to be part of this scheme, and it provides a set of moderate interest rates; it is ideal for security, greater banking experiences, along with higher cash deposit limits.

The Equitas Small Finance Bank regular savings account would typically pay a modest rate of interest, reliability, and safety, which makes it a good choice to park money for any kind of short-term needs. The average monthly balance that needs to be maintained with this type of account is Rs. 10,000.

This account is an instant account for Equitas Small Finance Bank individuals. It can be started by utilizing the web-based video through registration with the PAN, Aadhaar, and other primary details. 

This is a kind of account that is aimed at financial inclusion and also simplifies banking for the people who are looking into the basic facility. The individual who seeks to start this account does not need to maintain a minimum balance.

This is an account that provides a moderate rate of interest, ideal security systems, and greater cash deposit limits. It does not require an average minimum balance, and any Indian resident who is more than the age of 18 can opt for it. 

Equitas Small Finance Bank also provides its customers with a welcome kit that has a personalized cheque book and ATM card. This is mailed to the individual's registered address and is delivered within 7 to 8 working days after the account has been opened.