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Online Equitas Bank Savings Account Opening

Open Equitas Bank Saving Account

Last Updated 21st Dec 2020

Interest Rate 3.50% - 7.25%
Minimum Balance Requirement --
Cash Withdrawal Limit --
ATM Transaction Charges 5 transactions per month in non-metro at nil charges and 3 transactions per month in the metro at nil charges; after that, Financial transactions will cost Rs. 20 per transaction
Debit Card Rupay/VISA Classic Debit Card,Rupay Platinum Debit Card with chip, VISA Gold Debit Card, VISA Platinum Debit Card and VISA Signature Debit Card.
Apply for Savings Account

Equitas Bank Savings Account Opening

Equitas Small Finance Bank Savings accounts in Equitas Bank can be opened online or offline. To open Equitas Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening Equitas Bank Savings Account Online

To open the savings account online in Equitas Bank, you have to follow these steps:

  • Step 1: First, visit the official website of Equitas Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: Equitas Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, Equitas Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open Equitas Bank Savings Account at Branch

To open a savings account with Equitas Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in Equitas Bank

You have to fulfil the following eligibility criteria to open a savings account in Equitas Bank:

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

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FAQs

How can I open a savings account in Equitas Bank?

You can open a savings account in Equitas Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in Equitas Bank?

Yes, you can open a savings account online, by applying for it through the Equitas Bank’s official website.

What is the minimum balance in Equitas Bank?

The minimum balance required to open a savings account in Equitas Bank is .


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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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