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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 have to 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. 8th February, 2017
Savings account interest rate
Daily Closing Balance
Rate Slab
Upto ₹ 10 lakh
6.00%
₹ 10 lakh and above
6.50%

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
AMB
NIL
NIL
AQB
NIL
NIL
Non Maintenance Charges
NA
NA
  Basic Small Savings
Current Account Grouping
NA
NA
Savings Account Grouping
NA
NA
Cheque book charges
NIL
NIL
Charges beyond free limits
Rs. 2/leaf
Rs. 2/leaf
  Basic Small Savings
Local Cheque clearing
Free
Free
Outstation cheque collection charges at bank location
Outstation cheque collection charges at non-bank location
Upto ₹ 5000 charge of ₹ 25, Above 5000 and upto and including ₹ 10,000 charge of ₹ 50/-, Above ₹ 10,000 and upto including ₹ 100000 charge of ₹ 100/-, Above ₹ 100000 charge of ₹ 150/-
Upto ₹ 5000 charge of ₹ 25, Above 5000 and upto and including ₹ 10,000 charge of ₹ 50/-, Above ₹ 10,000 and upto including ₹ 100000 charge of ₹ 100/-, Above ₹ 100000 charge of ₹ 150/-
RTGS Inward
Free
Free
NEFT Inward
Free
Free
IMPS Inward
Free
Free
  Basic Small Savings
Demand Draft and Payorder at branch locations
NIL
NIL
Charges beyond free limits
₹ 50 per DD
₹ 50 per DD
Demand Draft at non-branch locations
₹ 100 per DD
₹ 100 per DD
PAP Cheque payment
Free
Free
RTGS and NEFT Outward (Free online)
Upto ₹ 10000/- (NEFT) ₹ 2.5, From ₹ 10001 to ₹ 100000 (NEFT): ₹ 5, From ₹ 100001 to ₹ 200000 (NEFT): ₹ 15, From ₹ 200001 to ₹ 500000 (NEFT/RTGS): ₹ 25, Greater than ₹ 500000 (NEFT/RTGS): ₹ 50
Upto ₹ 10000/- (NEFT) ₹ 2.5, From ₹ 10001 to ₹ 100000 (NEFT): ₹ 5, From ₹ 100001 to ₹ 200000 (NEFT): ₹ 15, From ₹ 200001 to ₹ 500000 (NEFT/RTGS): ₹ 25, Greater than ₹ 500000 (NEFT/RTGS): ₹ 50
IMPS Outward
Free
Free
  Basic Small Savings
Cash Deposit at home location
Free
Free
Charges beyond free limits
NA
NA
Cash Deposit at Non-Home location
NIL
NIL
Charges beyond free limits
₹ 4/1000
Minimum ₹ 50/-
₹ 4/1000
Minimum ₹ 50/-
Cash Withdrawal at home location
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 at Non-Home location
Cash Withdrawal using Debit Card at metro location at other ATMs
3
3
Cash Withdrawal using Debit Card at non-metro location at other ATMs
5
5
Charges beyond free limits of ATM withdrawals
₹ 20 per transaction
₹ 20 per transaction
  Basic Small Savings
RuPay Debit Card
Free
Free
Platinum Debit Card with chip (Charges for Issuance, Annual Fees, Re-Issuance)
₹ 550/-
₹ 550/-
Stop payment single cheque (Free Online)
₹ 100/- per cheque
₹ 100/- per cheque
Stop payment series (Free Online)
₹ 150/- for a series of 25 cheques
₹ 150/- for a series of 25 cheques
Outward cheque return charges for financial reasons
₹ 50/- per cheque
₹ 50/- per cheque
Outward cheque return charges for technical reasons
NIL
NIL
Inward cheque return charges for financial reasons
Upto 2 cheques ₹ 350/- per cheque, 3-5 cheques ₹ 500, 6th cheque onwards ₹ 750 per cheque
Upto 2 cheques ₹ 350/- per cheque, 3-5 cheques ₹ 500, 6th cheque onwards ₹ 750 per cheque
Inward cheque return charges for technical reasons
NIL
NIL
Standing instructions set up
₹ 25/- per instance
₹ 25/- per instance
Standing instructions amendment
₹ 25/- per instance
₹ 25/- per instance
Standing instructions execution
NIL
NIL
Standing Instructions failure (return)
₹ 200/- per return
₹ 200/- per return
ECS Return due to financial reasons
₹ 200/- per return
₹ 200/- per return
SMS Alerts
₹ 15 per quarter
₹ 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 confirmation
₹ 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/DD/SI/ECS
5 transactions free per month
Charges beyond free limits
₹ 15 per transaction over and above the individual transaction limits
  • Taxes as applicable will be additional
PAP: Payable At Par
NA: Not Applicable
SA: Savings Account
CA: Current Account