Product Details
Bank Name
Equitas Small Finance Bank
Account Name
Equitas Selfie Saving Account
Account Type
Savings.
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 - only virtual debit card issued
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
0
NEFT Charges
Free if done online
IMPS Charges
Free
Fees and Charges
Equitas Selfie Saving Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Minimum accoint balance can be zero.
Account can be opened digitally. IMPS and NEFT tranfer are free.
Virtual debit card is issued free of cost.
High interest rate.
Cons
Physicl debit card is not available with this account.
Cheque book is not available with this bank.
Equitas has limited branch and ATM network.
Eqitas Selfie Saving Account Review
The account comes with good 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
Product Review
Account Opening and Procedure
How to open an Account?
Visit the Equitas Bank Website: Go to the Equitas Bank website and locate the "Selfie Savings Account" option.
Enter Details: Provide your mobile number, PAN, and Aadhaar details.
Video KYC: Undergo a video call with a bank representative to verify your identity.
Account Activation: Your account will be activated shortly after successful completion.