Product Details
Bank Name
Equitas Small Finance Bank
Account Name
Equitas Regular Saving Account
Account Type
Saving
Interest Rate
Upto 1 Lakh - 3%. Above 1 Lakh And Upto 7 Lakh 5% Above 7 Lakh And Upto 25 Crore 7%
Free Debit Card
No
Account Opening Fees
0
Debit Card Charges
Depends on the debit card of your choice.
Annual Maintenance Fees
0
NEFT Charges
Free if done online
Minimum Account Balance
10,000 - No penalty in case of non-maintenance of MAB
IMPS Charges
Free if done online.
Fees and Charges of
Equitas Regular Saving Account
Equitas Regular Saving Account
Special Features
High interest rate of 7%.
Eligibility Criteria
Indian resident.
Must be a minimum age of 18 years.
Benefits
Features, Eligibility and Benefits of
Equitas Regular Saving Account
Pros & Cons of
Pros
High interest rate.
Zero penalty on non-maintenance of minimum balance.
Cons
Minimal value add services.
Equitas Small Finance Bank has limited ATM and branch network.
Equitas Regular Saving Account
Equitas Regular Saving Account
The account comes with decent interest rate and offers average 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 Regular Saving Account
Account Opening and Procedure of
How to open an Account?
Online:
Visit the Equitas Bank website and select "Account Opening."
Enter your basic details and register.
Verify your mobile number.
Upload your photo, address, and identity proof.
Read the terms and conditions carefully and accept.
Your account will be opened instantly, and you will receive login details.
Offline:
Visit the nearest Equitas Small Finance Bank branch.
Fill out the account opening form.
Submit the required documents:Photo ID proof (Aadhaar card, PAN card, etc.)
Address proof (Aadhaar card, driving license, etc.)
Passport-size photographs
Pay any applicable fees.
Eligibility:
You must be an Indian resident.
You must be at least 18 years old.
Documents required:
Photo ID proof (Aadhaar card, PAN card, etc.)
Address proof (Aadhaar card, driving license, etc.)
Passport-size photographs