Product Details
Bank Name
Equitas Small Finance Bank
Account Name
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
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
0
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
Basic And Small Saving Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
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 Review
The account is a great zero balance account. It comes with high interest rate. Value add features are minimal.
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 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).