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Equitas Bank Savings Accounts

Equitas Small Finance Bank Savings Account

Last Updated 21st Dec 2020

  • Equitas Small Finance Bank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in Equitas Small Finance Bank is --.
  • You can get high returns up to 7.25% on a savings account.
  • Open instant Equitas Small Finance Bank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in Equitas Small Finance Bank.
Apply for Savings Account

Equitas Bank Savings Account

Equitas Small Finance Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of Equitas Bank Savings Account

Benefits of Equitas Small Finance Bank saving Account are as follow:

  • Equitas Small Finance Bank offers an interest rate on saving account in the range of 3.50% to 7.25%.
  • Balance requirement for Equitas Small Finance Bank savings account is .
  • An individual can transfer the Equitas Small Finance Bank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • Equitas Small Finance Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • Equitas Small Finance Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

Equitas Bank Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
Wing Saving Account3.50% - 7.25%No charges
Regular Saving Account 3.50% - 7.25%No charges
Selfe Savings0.00% - 7.25%No charges
Elite 3.50% - 7.25%No charges
Edge 3.50% - 7.25%No charges
Basic and Small saving account 3.50% - 7.25%No charges
My saving account3.50% - 7.25%No charges

Equitas Bank Savings Account Products

Equitas Bank offers multiple savings account products for different purposes. Some of the popular products of Equitas Bank savings are:

Wing Saving Account

Wing Saving Account is a saving account that provides a moderate interest rate plus ideal security.

Key Features:

  • Higher interest rate
  • Nomination facility available

Eligibility:

  • Resident Indians of 18 years of age and above

Regular Saving Account

Equitas Regular Savings Account typically pays a modest interest rate, its reliability and safety make it an excellent option for parking money one wants for short-term needs.

Key Features:

  • An average monthly balance of Rs. 10,000 must be maintained.
  • The saving account provides nomination facility.
  • NEFT, RTGS, IMPS and Funds Transfer facilities are available for this account.

Eligibility:

  • All resident Indians of 18 years of age and above can apply for this savings account.

Selfe Savings

Selfe Saving is an instant saving account of Equitas, which can be opened using a web-based video by registering the PAN, Aadhaar and other basic details.

Key Features:

  • No minimum balance required
  • Instant account opening

Eligibility:

  • Resident Indians of 18 years of age and above

Elite

Elite Saving account is for the high net worth individuals. There are few criteria to be met to be the part of the Elite saving account. It provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking experience.

Key Features:

  • NEFT, RTGS, IMPS and Funds Transfer facilities available.
  • Nomination facility available

Eligibility:

  • Resident Indians of 18 years of age and above

Edge

Ede Account pays a high-interest rate. Its reliability and safety make it an excellent option for parking money one wants for short-term needs.

Key Features:

  • Higher interest rate.
  • NEFT, RTGS, IMPS and Funds Transfer facilities available.

Eligibility:

  • Resident Indians of 18 years of age and above

Basic and Small saving account

Basic and Small saving account is aimed at financial inclusion and simplifies banking for people seeking basic facility.

Key Features:

  • No average minimum balance
  • Nomination facility available
  • NEFT, RTGS, IMPS and Funds Transfer facilities

Eligibility:

  • Resident Indians of 18 years of age and above

My saving account

My savings account provides a moderate interest rate, ideal security, higher cash deposit limit and great banking experience.

Key Features:

  • No average minimum balance
  • Nomination facility available

Eligibility:

  • Resident Indians of 18 years of age and above

Equitas Bank Savings Account Nomination Plan

Equitas Small Finance Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. Equitas Bank savings account provides the nomination facility in all the savings products.

Equitas Bank Savings Account Welcome Kit

Equitas Small Finance Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Top Applications Offering UPI Facility

Equitas Bank Savings Account Helpline

Individuals can call Equitas Small Finance Bank’s 24X7 helpline number , which is accessible from all landlines and mobile phones in the country.

Open saving account with Other Banks online

FAQs

Can I open Equitas Bank bank account online?

Equitas Small Finance Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an Equitas Bank savings account?

Minimum balance requirement differs with Equitas Small Finance Bank saving account products. The minimum balance required to open a Regular Saving Account in Equitas Small Finance Bank is .

Which saving account is best in Equitas Bank?

There are various savings account products offered by Equitas Small Finance Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open Equitas Bank account with zero balance?

The minimum balance requirement to open a savings account with Equitas Small Finance Bank is . If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.


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Equitas Bank News - Jan 2021
  • 2020-11-17 : Equitas Small Finance Bank launched a special women savings account
    ESFB announced the launch of a women Eva savings account paying 7% interest. In every aspect, such as fitness, wealth and stability, Eva aims to address the well-being of Indian women. It also provides free health checks and unrestricted tele-consultation with women physicians, gynaecologists and mental health professionals. It also provides female clients with PF waiver and reduced gold loan rates, along with 25-50% discounts on lockers.
  • 2020-06-10 : Equitas Small Finance Bank increased interest on saving account deposits
    Equitas Small Finance Bank hiked the rate of interest on savings accounts having deposits between Rs 1 lakh to Rs 5 crore to 7% per annum from 5.5%. The move is aimed at attracting new customers.
  • 2020-01-07 : Equitas Small Finance Bank waived of non-maintenance charges on saving account
    Equitas Small Finance Bank has waived non-maintenance fees on savings accounts and has also reduced transaction charges. The aim is to increase the customer base by reducing the extra cost for them. Currently, the Bank is offering interest rates up to 7.5% on savings accounts.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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