Product Details
Bank Name
Equitas Small Finance Bank
Account Name
Equitas Basic And Small Saving Account
Account Type
Saving
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 5 Lakh 5.5% Above 5 Lakh And Upto 5 Crore 7%
Free Debit Card
Yes
Account Opening Fees
0
Debit Card Charges
0
Annual Maintenance Fees
0
NEFT Charges
Free
Minimum Account Balance
0
IMPS Charges
Free
Fees and Charges of
Equitas Basic And Small Saving Account
Equitas Basic And Small Saving Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
Equitas Basic And Small Saving Account
Pros & Cons of
Pros
Free NEFT and IMPS transfer.
Minimum balance is 0.
You can choose your lucky digits as your account number.
High interest rate.
Cons
Debit card has basic features.
The bank has limited branch and ATM network.
Equitas Basic And Small Saving Account
Equitas Basic And Small Saving Account
The account comes with low interest rate and offers minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Review of
Equitas Basic And Small Saving Account
Account Opening and Procedure of
How to open an Account?
Visit an Equitas Bank Branch: Go to the nearest Equitas Bank branch.
Obtain an Application Form: Request a Basic Savings Account application form from the bank staff.
Fill Out the Form: Complete the form with your personal and financial details.
Submit Documents: Submit the filled-out form along with the required documents.
Initial Deposit: Make the required initial deposit (if any).