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GOVT TASC ACCOUNT

Equitas Govt TASC Savings and Current Account has been put together keeping in mind the unique and varied needs of your institution, while ensuring banking experience is simplified with cutting edge Innovative Digital Banking solutions

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Govt TASC Savings Account

An account that is perfect for managing your collections and payments with simplified and secure Corporate Banking, while helping you grow unlimited with best interest rates on your Savings with no monthly balance requirement!

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      7% p.a interest on Savings for balance between 1 lakh to 30 crs

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      No Average Monthly Balance (AMB) requirement

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      Unlimited Free Payable-At-Par cheque book

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      Unlimited Free Online Fund Transfer through Branch and Net Banking

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      Free cash transactions (Deposit & Withdrawal) at Home and Non Home branch locations

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      Free Physical and Email account statements

    Benefits:

    • Freedom from Monthly Balance commitment in Govt TASC Savings Account
    • Unmatched convenience through our RTGS, NEFT and IMPS transfers
    • 24x7 access to Corporate Internet Banking
    • Accept payments through Equitas QR, VPA, Payment Gateway, Point of Sale(POS) device, NACH and SMS Linkpay
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    Charges

    Schedule of Charges – Govt TASC Savings Account ( Applicable from 1st June 2020 )

    Average Monthly Balance (AMB)
    Average Monthly Balance (AMB) NIL
    AMB Non Maintenance Charges NO CHARGES APPLICABLE
    Grouping with Family Accounts or Business
    Savings Account Grouping NA
    Group AMB for Saving Account Grouping NA
    Savings Account group AMB charges NA
    Current Account Grouping NA
    Group AMB for Current Account Grouping NA
    Current Account group AMB charges NA
    Cheque Book (PAP Cheque book) Unlimited Free
    Charges beyond free limits NA
    Collections
    Local cheque clearing Free
    Outstation cheque collection charges at bank location Free
    Outstation cheque collection charges at non-bank location Free
    RTGS inward / NEFT inward / IMPS inward Free
    Foreign inward remittance Free
    Payments
    Demand Draft and Payorder at branch locations Free
    Charges beyond free limits NA
    Demand Draft at non-branch locations ₹ 100 per DD
    PAP Cheque payment Free
    RTGS and NEFT outward at branch (free online) Free
    IMPS outward ( per day limit of ₹ 2,00,000/- ) Upto ₹ 50,000/- charges of ₹ 5/- per transaction, ₹ 50,001 to ₹ 2,00,000/- charges of ₹ 15/- per transaction.
    Cash Charges
    Cash Deposit at Home & Non Home location (including ATM and Branch) Free
    Cash Withdrawal at Home & Non Home location Free
    Debit Card Cash Withdrawal txns at metro locations (other Bank ATMs) 3
    Debit Card Cash Withdrawal txns at non-metro location (other Bank ATMs) 5
    Charges beyond free limits of ATM withdrawals ₹ 20 per txn
    Cash withdrawal outside India (for international cards only) ₹ 110/- per transaction
    Balance Inquiry Outside India (for international cards only) ₹ 25/- per transaction
    Other Charges
    Rupay / VISA Classic Debit Card (Charges for issuance and renewal) Free
    Rupay Platinum Debit Card (Charges for issuance and renewal) ₹ 100
    VISA Gold Debit Card (Charges for issuance and renewal) ₹ 100
    VISA Platinum Debit Card(Charges for issuance and renewal) ₹ 150
    VISA Signature Debit Card(Charges for issuance and renewal) ₹ 400
    Card Transaction Slip Retrieval charges (for incorrect claims) ₹ 250/- per slip
    Stop payment single cheque (free online) ₹ 100 per cheque
    Stop payment series (free online) ₹ 150 for a series of 25 cheques
    Outward cheque return charges for financial reasons ₹ 50 per cheque
    Outward cheque return charges for technical reasons NIL
    Inward cheque return charges for financial reasons ₹ 350 per cheque for up to 2 cheques, ₹ 500 per cheque for 3-5 cheques, ₹ 750 per cheque 6th cheque onwards
    Inward / Outward cheque return charges for technical reasons NIL
    Standing instructions set up/Amendment (Free for RD/SIP/Bill Payment) ₹ 25 per instance
    Standing Instructions failure (return) ₹ 150 per return
    ECS / NACH return due to financial reasons ₹ 200 per return
    SMS alerts Free
    Certificate and Report issuance
    Balance Certificate at Branch (online free) ₹ 250 per instance
    Previous year balance and interest statement (free online) 1 free per annum, ₹ 300 per statement thereafter
    Passbook issuance Free
    Duplicate Passbook issuance ₹ 50
    Signature verification certificate / Photo attestation / Address confirmation ₹ 50 per instance
    Duplicate TDS certificate ₹ 100
    Duplicate account statement print (free online or on email) ₹ 50
    DD / PO revalidation / cancellation ₹ 100
    Account closure charges if closed on customer request after 15 days of account opening and before completing 6 months. NIL
    Account inactive charges NIL
    Doorstep Banking*
    Cheque pickup (on call) ₹ 50 per instance
    Cheque pickup beat (Per month) ₹ 300
    Cash pickup beat (charges per month)  
    Upto ₹ 200000 ₹ 2200
    ₹ 200000 to ₹ 500000 ₹ 3200
    ₹ 500000 to ₹ 100000 ₹ 8000
    ₹ 1000000 to ₹ 2000000 ₹ 12000
    ₹ 2000000 above Contact Branch
    Cash pickup on call (charges per instance)  
    Upto ₹ 200000 ₹ 150
    ₹ 200000 to ₹ 500000 ₹ 300
    ₹ 500000 to ₹ 1000000 ₹ 500
    ₹ 1000000 to ₹ 2000000 ₹ 800
    ₹ 2000000 above Contact Branch

    Documents Required for opening Institutional Account

    • Available on request at select locations only. Taxes as applicable will be additional.
    PAP: Payable At Par NA: Not Applicable
    SA: Savings Account CA: Current Account