value-icon

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.

hero image-icon

Yellow Club

( Product discontinued )

Join the Yellow Club and get a Lion's share of benefits this IPL season.

Savings Account Interest Rate w.e.f. 5th Nov, 2020

Savings account interest rate

Daily Closing Balance Rate Slab
Up to ₹ 1 lakh 3.50%
Above ₹ 1 lakh and up to ₹ 30 crs 7.00%
Above ₹ 30 crs and up to ₹ 50 crs 7.25%
Above ₹ 50 crs Contact Branch

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

Interest will be paid on the 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

value-charge-icon

Charges

Schedule of charges for Savings Accounts w.e.f 1st June 2020.

Account & Cheque Book
Average Monthly Balance (AMB) ₹ 10000/-
Non-maintenance charges NO CHARGES APPLICABLE
Grouping With Family Accounts or Business and Cheque Book
Current Account Grouping Can be grouped to Current Account of equal or higher value
Savings Account Grouping Can be grouped to Savings Account of higher value
Cheque book (PAP cheque book of 25 leafs) 1 cheque book free per Quarter
Charges beyond free limits ₹ 2 per leaf
Collections
Local cheque clearing Free
Outstation cheque collection charges at 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/-
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/-
RTGS Inward / NEFT Inward / IMPS Inward Free
Foreign inward remittance Free
Payments
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 (Free online, chargeable at branch) 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 ₹ 2,00,000/-) Free
Cash Charges
Cash Deposit limit at home location (including ATM and Branch) Upto ₹ 1,00,000 per month
Charges beyond free limits ₹ 3/1000
Cash Deposit limit at Non-Home location (including ATM and Branch) NIL
Charges beyond free limits ₹ 4/1000
Free Cash Withdrawal Limit at home location Free
Cash Withdrawal Charges at Non-Home location ₹ 4/1000
Debit Card Cash Withdrawal txns at metro locations (other Bank ATMs) 3
Debit Card Cash Withdrawal txns at non-metro location (other Bank ATMs) 5
Charges beyond free limits of ATM withdrawals at other banks ₹ 20/- 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
Rupay Classic Debit Card (Charges for issuance and renewal) ₹ 100
Rupay Platinum Debit Card (Charges for issuance and renewal) ₹ 100
VISA Gold Debit Card (Charges for issuance and renewal) ₹ 100
VISA Platinum Debit Card(Charges for issuance and renewal) ₹ 150
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 (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/Ammendment ₹ 25/- per instance
Standing Instructions failure (return) (RD returns exempted) ₹ 150/- per return
ECS/NACH Return due to financial reasons ₹ 200/- per return
SMS Alerts Free
Certificate and Report Issuance
Balance Certificate Branch (Online Free) ₹ 250/- per instance
Previous Year balance and interest statement (Free Online) 1 free per annum, more than 1 ₹ 300/- per statement
Passbook Issuance Free
Duplicate Passbook issuance/Signature verification certificate/Photo Attestation/Address Confimation ₹ 50/-
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*
Cheque pickup ₹ 50 per instance
Cash pickup beat (charges per month)  
Upto ₹ 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)  
Upto ₹ 200000 ₹ 150/-
₹ 200000 to ₹ 500000 ₹ 300/-
₹ 500000 to ₹ 1000000 ₹ 500/-
₹ 1000000 to ₹ 2000000 ₹ 800/-
₹ 2000000 above Contact Branch
Senior citizens above the age of 70 years/Physically challenged OR infirm customers can contact branch/contact centre for doorstep banking services.
No of Transactions

Aggregation of all the customer induced transactions including:

Cash/Cheque/DSB/DD (excluding online and ATM transactions) 8 transactions 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