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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.

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Standard Savings Account

( Product discontinued from 1st April, 2019 )

                                                                                                                                Apply Now

Seed your savings today and let the money grow. Simple savings, attractive interest rates and easy to access.

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    AMB of ₹ 5000

    Net-icon

    Free online access through Net banking and Mobile banking

    Recurring-icon

    Opt for our recurring deposit

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    One Multicity cheque of 25 Leaves free per Half year

    favorite-icon

    Your Favorite Number can now be your Bank Account Number

Savings Account Interest Rate 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 Accounts w.e.f 8th January 2023.

Average Monthly Balance
Average Monthly Balance

₹10,000/- in Metro , Urban branches

₹5,000/- in Semi-Urban branches

₹2500/- In Rural Branches

AMB Non Maintenance charges NO CHARGES APPLICABLE
Grouping with Family Accounts or Business
Current Account Grouping Can be grouped to Current Account of higher value
Savings Account Grouping Can be grouped to Savings Account of higher value
Cheque book (PAP cheque book of 25 leaves) limit 1 cheque book free per half year
Charges beyond free limits ₹ 2 per leaf
Collections
Local cheque clearing Free
Outstation cheque collection charges at 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

Outstation cheque collection charges at non-bank location
RTGS inward / NEFT inward / IMPS inward Free
Foreign inward remittance Free
Payments
Demand Draft and Payorder at branch locations Free up to 2 DDs 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
Cash Deposit limit at home location (including ATM and Branch) Free up to ₹ 1,00,000 per month
Cash Deposit limit at Non-Home location (including ATM and Branch) NIL
Charges beyond free limits (Home Branch & Non-Home Branch) ₹ 4/1000
Cash Withdrawal at home location Free
Cash Withdrawal at non-home location ₹ 4/1000

Debit Card Transactions at across Equitas Bank ATMs (Include Financial & Non-Financial Transactions)

Free Unlimited
Debit Card Transactions at metro location other Bank ATMs (Include Financial & Non-Financial Transactions) 3 Transactions
Debit Card Transactions at Non-metro location other Bank ATMs (Include Financial & Non-Financial Transactions) 5 Transactions
Charges on Financial Transactions beyond free limits* ₹ 21 per transaction
Charges on Non-Financial Transactions beyond free limits ₹ 10 per transaction
Cash withdrawal outside India (for international card only) ₹ 110 per transaction
Balance Inquiry Outside India (for international card only) ₹ 25 per transaction
Other Charges
Visa/Rupay Classic Debit Card (Charges for issuance and renewal) ₹ 125
Visa Gold Debit Card  (Charges for issuance and renewal) ₹ 125
VISA Rupay Platinum Debit Card (Charges for issuance and renewal) ₹ 199
ELITE /Visa Signature Debit Card (Charges for issuance and renewal) ₹ 499
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
Outward cheque return charges for financial reasons ₹ 100 per cheque
Inward cheque return charges NIL
Inward/outward 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
Standing instructions set up / Amendment (Free for RD / SIP / Bill Payment) ₹ 25 per instance
Standing Instructions failure (return) ₹ 150 per return
ECS / NACH return due to financial reasons ₹ 200 per return
SMS Alerts (Debit & Credit Transactions^) Free
SMS Alerts (Day-End Balance Change) ₹ 10 per quarter (only if facility is availed)
Certificate and Report issuance
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*
Cheque pickup ₹ 50 per instance
Cheque pickup beat (Per month) ₹ 300
                                               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
No of Transactions

Aggregation of all the customer induced transactions including:

Cash/Cheque/DSB/DD (excluding online and ATM transactions) 5 transactions free per month
Charges beyond free limits ₹15 per transaction over and above the individual transaction limit charges
  • 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)