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.

Value Plus Account
Make your everyday banking smart with our Value-Plus Account, loaded with features like Internet Banking and Instant Fund Transfer to make banking a fun experience.
Features
Savings Account Interest Rate w.e.f. 10th July, 2023
Daily Closing Balance | Rate Slab |
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Up to ₹ 1 lakh | 3.50% |
Above ₹ 1 lakh and upto ₹ 5 lakhs | 5.25% |
Above ₹ 5 lakhs and upto ₹ 50 Crs | 7.00% |
Above ₹ 50 Crs | 7.50% |
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
Schedule of charges for Savings Accounts w.e.f 8th January 2023.
- Average Monthly Balance (AMB)
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Average Monthly Balance ₹ 25000 (50% for Semi-urban and Rural branches) AMB Non-Maintenance charges NO CHARGES APPLICABLE - Grouping With Family Accounts or Business
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Current Account Grouping Can be grouped to Current Account of equal or higher value Savings Account Grouping 3 accounts of family member SA of the same or lower value can be grouped Cheque book (PAP cheque book of 25 leaves) limit 2 cheque books free per quarter Charges beyond free limits ₹ 2 per leaf - Collections
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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
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Demand Draft and Payorder at branch locations Free upto 3 DD’s per month Charges beyond free limits ₹ 50 per DD Demand Draft at non-branch locations ₹ 100 per DD PAP cheque payment Free RTGS and NEFT outward at branch (free online) NEFT : Upto ₹ 10000/- ₹ 2.25, From ₹ 10001 to ₹ 100000 : ₹ 4.5, From ₹ 100001 to ₹ 200000 : ₹ 14.5,Above ₹ 200000 : ₹ 24.5. RTGS: From ₹ 200000 to ₹ 500000 : ₹ 20, Greater than ₹ 500000 : ₹ 40. IMPS outward (per day limit of ₹ 5,00,000/-) ₹ 1 per Transaction - Cash Charges
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Cash Deposit limit at home location (including ATM and Branch) Free up to ₹ 1,00,000 per month Charges beyond free limits (Home Branch & Non-Home Branches) ₹ 50000 per Month Cash Deposit limit at Non-Home location (including ATM and Branch) NIL Charges beyond free limits (Home Branch & Non-Home Branches) ₹ 4/1000 Cash Withdrawal at home location Free Charges beyond free limits ₹ 4/1000 Debit Card Cash Transactions at across Equitas Bank ATMs (Include Financial & Non-Financial Transactions) 3 Transactions Debit Card Cash Transactions at Metro location other Bank ATMs (Include Financial & Non-Financial Transactions) 3 Transactions Debit Card Cash Transactions at Non-Metro location other Bank ATMs (Include Financial & Non-Financial Transactions) ₹ 21 per Transaction Charges beyond free limits of ATM withdrawals ₹ 10 per Transaction Cash withdrawal outside India (for international cards only) ₹ 110/- per Transaction Balance Inquiry Outside India (for international cards only) ₹ 25/- per Transaction - Other Charges
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Rupay/VISA Classic Debit Card (Charges for issuance and renewal) Free for First year, Rs. 100 per year from second year VISA Gold Debit Card (Charges for issuance and renewal) ₹ 100 VISA/Rupay Platinum Debit Card (Charges for issuance and renewal) ₹ 100 ELITE/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 ₹ 100 per cheque Stop payment series ₹ 150 for a series of 25 cheques 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 cheque return charges for technical reasons NIL Standing instructions set up/Amendment (Free for RD/SIP/Bill Payment) Free Standing instructions failure (return) ₹ 150 per return ECS / NACH return due to financial reasons ₹ 200 per return SMS Alerts (Debit & Credit Transaction^) Free SMS Alerts Day end balance change ₹ 10 per Quarter (only if facility is availed) - Certificate and Report issuance
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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. ₹ 500 Account inactive charges NIL - Doorstep Banking*
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Cheque pickup ₹ 50 per instance Cheque pickup beat (Per month) ₹ 300 Cash pickup beat (charges per month) Up to ₹ 200000 ₹ 2200 ₹ 200000 to ₹ 500000 ₹ 3200 ₹ 500000 to ₹ 1000000 ₹ 8000 ₹ 1000000 to ₹ 2000000 ₹ 12000 ₹ 2000000 above Contact branch Cash pickup on call (charges per instance) Up to ₹ 200000 ₹ 150 ₹ 200000 to ₹ 500000 ₹ 300 ₹ 500000 to ₹ 1000000 ₹ 500 ₹ 1000000 to ₹ 2000000 ₹ 800 ₹ 2000000 above Contact branch - No of Transactions
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Aggregation of all the customer induced transactions including:
Cash/Cheque/DSB/DD (excluding online and ATM transactions) 15 txns free per month Charges beyond free limits ₹ 15 per transaction over and above the individual transaction limit charges
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 |
- Cash withdrawal failed due to insufficient funds considered as financial transaction
- All Debits, Credits above ₹ 5,000 only (for alert of credit below ₹ 5,000 raise request with branch or customer care)
- ELITE Debit Card is issued to ELITE customers only, Rs.499 charges applicable if customer no longer holds ELITE program status (contact customer care/branch for replacement debit card to avoid charges)