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Equitas Explorer NRO Savings Account

Stay Connected to your Finances no matter where you sail!

Features

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Earn higher interest income on your NRO Savings Account

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Deposit surplus rupee cash and rupee earnings

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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.

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    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

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    Eligibility-

    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.
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    Here are our Charges

    Equitas Explorer NRO Savings Account SOCw.e.f. from 06th June, 2025

    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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    Blogs

    Customers may receive calls from 044 7198 6600, as a part of transaction monitoring. Please save this number. Also kindly note that incoming call facility is not available in this number.

    Always use the customer care numbers displayed on Bank's official website.

    DO NOT use any other numbers since this may put you at risk of fraud.

    Please be aware of prank and deceptive calls.

    Bank will never ask for sensitive information like Card Number, OTP, Password, CVV etc.

    This is to inform you that www.equitasbank.com is the only registered and original web portal of Equitas Small Finance Bank Limited and we do not have web portal in the name of www.equitasbank.co. Anybody accessing the same will be at their own risk and loss and Equitas Small Finance Bank shall not be held liable under any circumstances for any loss of claim suffered by anybody dealing with the said web portal.

    ©2024, Equitas Small Finance Bank Ltd.