Product Details
Bank Name
Equitas Small Finance Bank
Account Name
Equias Wings 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
INR 50,000
IMPS Charges
Free
Fees and Charges of
Equias Wings Saving Account
Equias Wings Saving Account
Special Features
You can open account for your whole family, debit card fee for family will be waived. You will be required to upkeep balance of INR 1 Lakh mnthly at family level.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
Equias Wings Saving Account
Pros & Cons of
Pros
Feature rich debit card offers such as, free domestic lounge visits 2 per quarter, etc.
No Surcharge on fuel.
Free personal accident cover of INR 10 Lakh.
Free home burglary and fire insurance.
You can open account for your whole family, debit card fee for family will be waived.
High interest rate.
Cons
Minimum Account Balance of INR 50,000.
Account can not be opened digitally through video calling
Equitas has limited branch and ATM network.
Equias Wings Saving Account
Equitas Wings Saving Account
The account offers decent interest rate. The account also comes loaded with a number of 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
Equias Wings 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 Wings 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 (see below).
Initial Deposit: Make the required initial deposit (if any).