Equitas Explorer NRO Savings Account
Stay Connected to your Finances no matter where you sail!
Equitas Explorer NRO Savings Account
Stay Connected to your Finances no matter where you sail!
Features
Earn higher interest income on your NRO Savings Account
Deposit surplus rupee cash and rupee earnings
Overview
Equitas Explorer Savings Account is specially crafted for Seafarers and Mariners to help them manage their finances seamlessly no matter where they are! It is loaded with exclusive privileges and can be accessed globally making banking smooth and effortless.
What are our Interest Rates?
w.e.f. 01st July, 2025
Daily Closing Balance
Rate Slab
Up to Rs. 1 Lakh
2.75%
Above Rs. 1 Lakh up to Rs. 5 Lakhs
3.50%
Above Rs. 5 lakhs up to Rs. 10 Lakhs
4.50%
Above Rs. 10 Lakhs up to Rs. 25 cr
7.00%
Above Rs. 25 Crs
7.25%
Interest Rates calculated on the Daily Closing Balances of the Savings Account.
Interest gets credited on the last day of the Calendar Quarter once every 3 months.
NRO Rupee Savings Account Interest gets credited post deduction of Tax Deducted at Source (TDS). The TDS Rate of 31.20% (30% TDS + 4% Surcharge on TDS) is deducted from the NRO interest on accrual.
Interest rates are subject to change. Please refer to the Bank’s Website for the latest rates.
To know more, give a missed call at +91 9971932222
Equitas Explorer (NRE or NRO) Savings Account can be opened by Seafarers, Sailors or Mariners who are Indian Nationals (or) PIO holders employed in Merchant Navy, Foreign Shipping Companies or Rigs.You will be able to open the Equitas Explorer NRO Savings Account if you maintain an Average Monthly Balance of INR 1 Lakh or a Total Relationship Value of INR 10 Lakhs.One Recent Passport Size Photo (in Colour)Copy of Passport Pages showing the details - Name, Date of Birth, Place of Birth, Issue and Expiry Dates, Parents Names, Specimen Signature and Photograph.Copy of Valid Transit or Work Visa or Copy of Continuous Discharge Summary (CDC) showing latest discharge summary or a declaration of sailing for the first time abroad.Copy of Valid Contract letter showing the Name of the Principal Company and address, Name of the Employee, Flag and Name of the Vessel, Name of the Port, Contract Commencement Date and Tenure and Salary in Foreign Currency.Merchant Navy Declaration in the Attached format.Proof of mailing address if different from passport.All the documents has to be self-attested as well as attested by Equitas SFB Staff.Here are our Charges
Equitas Explorer NRO Savings Account SOC
w.e.f. from 06th June, 2025
Equitas Explorer NRO Savings Account SOCw.e.f. from 06th June, 2025
Eligibility Criteria
Debit Card Charges**
Cash & Cheque Book Charges
Payments
Doorstep Banking*
Other Charges
Eligibility Criteria
Eligibility Criteria
Average Monthly Balance (AMB) or Total Relationship Value (TRV)*
Rs.1 Lakhs CASA AMB or Rs.10 Lakhs TRV
AMB Non-maintenance charges
NIL
Locker Discount
25% Discount on Annual Locker Rentals
* TRV includes average monthly balance in Savings A/c, Current A/c, Fixed Deposits & Recurring Deposits.
** Default Debit Card. Customer may avail different card variant subject to availability & payment of issuance/AMC charges.
*** Equitas will charge for cash withdrawal outside India. However, charges may also be levied by Banks/Foreign Institution offering ATM Services.
# Terms & Conditions apply. Complimentary insurance can be availed on registration through Internet/Mobile Banking.
^ Service available only on at select ESFB branches in India.
Goods & Services Taxes (GST) as applicable will be levied on all charges mentioned.
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