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savings
Elevate your Banking experience with Equitas.

We at Equitas have gone that extra mile to ensure that our products suit your needs, are hassle-free, digital, and easily accessible.

Basic and Small Savings Account

No Balance requirement, free RuPay debit card. That's only the beginning of every awesome service we offer!

Features features

Average Monthly / Quarterly Balance is NIL
Free RuPay Debit Card
Access to ATM's and branches to facilitate withdrawals
Cheque Clearing/NEFT/
Net Banking/Mobile Banking add to your delight
Savings Account Interest Rate w.e.f. 15th June, 2018
Savings account interest rate
Daily Closing Balance
Rate Slab
Upto ₹ 10 lakh
6.00%
Above ₹ 10 lakh and upto ₹ 5 Crores
6.50%
Above ₹ 5 Crores
Please contact branch

Interest will be calculated on the daily closing balance of the account

Interest will be paid on quarterly basis by direct credit in the savings account

Slabs rates are applicable on the incremental amount based on the closing balance

Please read all terms and conditions

features Charges

Schedule of Charges for Savings Accounts w.e.f September 2016
  Basic Small Savings
AQB
NIL
NIL
Non-maintenance charges
NA
NA
  Basic Small Savings
Current Account Grouping
NA
NA
Savings Account Grouping
NA
NA
Cheque book (PAP cheque book of 25 leafs)
NA
NA
  Basic Small Savings
Local Cheque clearing
Free
Free
Outstation cheque collection charges at bank location
Outstation cheque collection charges at non-bank location
Up to ₹ 5000 – Charge of ₹ 25, Above ₹ 5000 and up to and including ₹ 10,000 – Charge of ₹ 50, Above ₹ 10,000 and up to including ₹ 100000 – Charge of ₹ 100, Above ₹ 100000 – Charge of ₹ 150
Up to ₹ 5000 – Charge of ₹ 25, Above ₹ 5000 and up to and including ₹ 10,000 – Charge of ₹ 50, Above ₹ 10,000 and up to including ₹ 100000 – Charge of ₹ 100, Above ₹ 100000 – Charge of ₹ 150
RTGS Inward / NEFT Inward / IMPS Inward
Free
Free
  Basic / Small Savings
No. of free Demand Draft and Payorder at branch locations
NIL
Charges beyond free limits
₹ 50 per DD
Demand Draft at non-branch locations
₹ 100 per DD
PAP Cheque payment
Free
RTGS and NEFT Outward (Free online)
NEFT : Upto ₹ 10000/- ₹ 2.5, From ₹ 10001 to ₹ 100000 : ₹ 5, From ₹ 100000 to ₹ 200000 : ₹ 15,Above ₹ 200000 : ₹ 25. RTGS: From ₹ 200000 to ₹ 500000 : ₹ 25, Greater than ₹ 500000 : ₹ 50.
IMPS Outward
Free
  Basic Small Savings
Cash Deposit at home location
Free
Free
Charges beyond free limits
NA
NA
Cash deposit at non-home location
Free
Free
Cash withdrawal at home location
Cash withdrawal at non-home location
Cash deposit /withdrawal through BC
5 txn free per month beyond which charges of ₹ 20 per transaction
5 txn free per month beyond which charges of ₹ 20 per transaction
Cash withdrawal using debit Card at metro location (other ATMs)
3
3
Cash withdrawal using debit card at non-metro location (other ATMs)
5
5
Charges beyond free limits of ATM withdrawals
₹ 20 per txn
₹ 20 per txn
  Basic / Small Savings (Applicable to both)
RuPay Classic Debit Card
Free
Other Debit Cards
NA
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
Upto 2 cheques ₹ 350 per cheque, 3-5 cheques ₹ 500, 6th cheque onwards ₹ 750 per cheque
Inward cheque return charges for technical reasons
NIL
Standing instructions set up
₹ 25 per instance
Standing instructions amendment
₹ 25 per instance
Standing Instructions failure (return)
₹ 200 per return
ECS / NACH return due to financial reasons
₹ 200 per return
SMS alerts
₹ 15 per quarter
  Basic Small Savings
Balance Certificate Branch (online free)
₹ 250 per instance
₹ 250 per instance
Previous year balance and interest statement (online free)
1 free, more than 1 ₹ 300 per statement
1 free, more than 1 ₹ 300 per statement
Passbook issuance
Free
Free
Duplicate passbook issuance
₹ 50
₹ 50
Signature verification certificate
₹ 50 per instance
₹ 50 per instance
Photo attestation / Address confimation
₹ 50 per instance
₹ 50 per instance
Duplicate TDS certificate
₹ 100
₹ 100
Duplicate account statement Print (free online or on email)
₹ 200
₹ 200
DD / PO revalidation/cancellation
₹ 100
₹ 100
Account closure charges
NIL
NIL
Account Inactive charges
NIL
NIL
Aggregation of all the customer induced transaction including:
Cheque / RTGS / NEFT / IMPS / DSB / DD
5 txns free per month
Charges beyond free limits
₹ 15 per transaction over and above the individual transaction limits
  • 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