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Preferred Salary Account

Open Corporate Salary Account online with no Average Monthly Balance requirement and manage instant hassle-free salary credits to employees

About the account

Presenting the Preferred Salary Account, specially designed for corporate employees. This account not only waives the average balance requirement but also brings a multitude of additional advantages, setting a new standard in corporate banking.

Features

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No Average Monthly Balance requirement and No Maintenance Charges

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Attractive Interest Rates on Savings

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Why Choose Preferred Salary Account?

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Designed for Employees: Tailored to meet the needs of corporate employees.

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Financial Security: Enhanced benefits like insurance coverage for peace of mind.

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Health Benefits: Prioritizing your health with complimentary telehealth services.

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Rewarding Experience: Make every transaction count with reward points.

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Our Interest Rates

w.e.f. 1st July, 2024

Daily Closing Balance

Rate Slab

Up to ₹ 1 lakh

3.50%

Above ₹ 1 lakh and upto ₹ 7 lakhs

5.00%

Above ₹ 7 lakhs and upto ₹ 25 Crs

7.00%

Above ₹ 25 Crs

7.80%

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.

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Charges

Schedule of Charges for Savings Accountsw.e.f 23rd November 2023

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Average Monthly Balance (AMB)

Average Monthly Balance (AMB)

NIL

AMB Non-Maintenance Charges

NO CHARGES APPLICABLE

*Terms and Conditions Apply, Complimentary Insurance, Telehealth consultation can be availed on registration through Internet Banking / Mobile Banking. 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)

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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.