Savings Account Interest Rate w.e.f. 14th December, 2022

Savings account interest rate
Daily Closing Balance Rate Slab
Up to ₹ 1 lakh 3.50%
Above ₹ 1 lakh up to ₹ 5 lakhs  5.25%
Above ₹ 5 lakhs 7.00%

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 Wings Savings Accounts w.e.f 8th January 2023.

Features & Criteria and Charges
Average Monthly Balance (AMB) - Metro and Urban                 ₹ 50,000/-
Average Monthly Balance (AMB) - Semi Urban & Rural                 ₹ 25,000/-
AMB Non Maintenance Charges                      NIL
Cheque Book                     Free
Wings Family Banking Program
Maximum Family Members                                                  4
Relationship Requirement at Family Level* Combined Savings AMB of ₹1 lac or Combined Relationship Value (RV) of Rs 5 lacs
AMB/RV Non Maintenance Charges                                               NIL
Type of Accounts Allowed                            Regular Savings, Eva, Wings
Type of Debit Card                            Debit Card for applicable Product
Debit Card Charges                            Waived for all Family Members
Family Members                       As per Family Definition mentioned below
Locker Discount                                25% for all Members
International Debit Card
Choice Of Debit Cards             Wings Signature                                    Wings Platinum
Issuance Fees (First Year)                       NIL                      NIL
Renewal Fees (Second Year onwards) ** Waived on maintenance of ₹50,000 AMB or ₹2,00,000 RV                 ₹400 p.a.                   ₹199 p.a
Daily Cash withdrawal Limits (ATM)                                                     ₹1.5 lacs
Daily Shopping Limits (PoS and online)                                                     ₹3.0 lacs
Cash Withdrawal Transactions (other Bank ATMs)              3 Transactions             3 Transactions
Airport Longue Access at Domestic Terminals              2 per quarter             1 per quarter
Fuel Surcharge at Petrol Pumps              Nil Unlimited             Nil Unlimited
Free Air Accident Coverage (On Request)^                                                       ₹30 lacs
Free Personal Accident Coverage (On Request)^                                                       ₹10 lacs
Free Home Burglary and Fire accident Coverage(On Request)^                                                        ₹2 lacs
Reward Points (PoS Spends)     2 Points for spend of ₹100/-     2 Points for spend of ₹150/-
Cash Withdrawal outside India                                            ₹110/- per transaction
Balance Inquiry outside India                                            ₹25/- per transaction
Payment Service Charges
RTGS Inward                             Free
NEFT Inward                             Free
IMPS Inward                             Free
RTGS Outward                             Free
NEFT Outward                             Free
IMPS Outward (per day limit of ₹5,00,000)                 ₹1/ - per transaction
PAP Cheque payment                             Free
Demand Draft / Pay order (ESFB Branch Location)              Free up to 10 DDs per month
Charges beyond 10 per month (ESFB Branch Location)                           50 per DD
Demand Draft (Non ESFB Branch Location)                          100 per DD
Clearing and Collection Charges
Local cheque clearing                                             Free

Outstation cheque collection charges

"Up to ₹5,000 – ₹25; Above 5,000 and upto ₹10,000 – ₹50; Above ₹10,000 and upto ₹1,00,000 – ₹100; Above ₹100,000 –₹150
Cash Transaction Charges
Cash Deposit Free Limit (Branch & ATM) - Any Equitas Branch       Free till ₹2,50,000 per month
Cash Deposit Charges beyond free limits (Home Branch & Non Home Branch)                    ₹4/1000
Cash Withdrawal at home location                       Free
Cash Withdrawal at non-home location                       Free
Other Banking Services Charges
Stop Payment Online                        Free Unlimited
Stop Payment of Cheque at Branch                              ₹100
Stop Payment of Full Cheque Book at Branch                  ₹150 for a series of 25 cheques
Inward Cheque return for technical Reason                               Free
Outward Cheque return for technical Reason                               Free
Inward Cheque return charges for Financial Reasons

       ₹350 per cheque up to 2 cheques

       ₹500 per cheque for 3-5 cheques

       ₹750 per cheque 6th cheque onwards

Outward Cheque return charges for Financial Reason                       ₹100 per cheque
Standing Instructions for RD                               Free
Standing Instructions for SIP                               Free
Standing Instructions for Bill Payment                               Free
Standing Instruction Failure (Financial Reasons)                        ₹150 per return
ECS / NACH Failure (Financial Reasons)                        ₹200 per return
SMS alerts                              Free
Balance Certificate Online                              Free
Balance Certificate at Branch                              Free
Previous year balance and interest statement - online                              Free
Previous year balance and interest statement (physical copy) 1 free per annum, ₹300 per statement thereafter
Passbook issuance                               Free
Signature verification certificate / Photo attestation / Address confirmation                      ₹50 per instance
Duplicate TDS certificate                             ₹150
Duplicate account statement online or on email                              Free
Duplicate account statement print                             ₹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
Doorstep Banking
Cheque pickup (on call)                        ₹50 per instance
Cheque pickup beat (Per month)                              ₹300
Cash Pickup on Beat (Charges per month)
Up to ₹2,00,000                           ₹ 2,200
₹2,00,000 to ₹5,00,000                           ₹3,200
₹5,00,000 to ₹10,00,000                           ₹8,000
₹10,00,000 to ₹20,00,000                           ₹12,000
₹20,00,000 above                       Contact Branch
Cash Pickup on call (Charges per instance)
Up to ₹2,00,000                              ₹ 150
₹2,00,000 to ₹5,00,000                              ₹300
₹5,00,000 to ₹10,00,000                              ₹500
₹10,00,000 to ₹20,00,000                              ₹800
₹20,00,000 above                        Contact Branch


The Equitas Wings Family Banking Program qualification to be measured six monthly. In case of non fulfilment of eligibility criteria, the family Banking Program Benefits shall be withdrawn. Once withdrawn, the respective Schedule of Charges of individual account shall apply for each person. RV (Relationship Value) includes balances in Savings accounts, Fixed Deposits and Recurring Deposits.

With respect to Debit Card Charges, it is clarfied that:
1) If Customer has opted for Wings Family Banking Program and has fulfilled the combined Family criteria, the Debit Card charges for family members are waived
2) If Wings Family banking Program is not opted/or withdrawn, then Debit Card charges are waived on each customer maintaining either Rs. 50,000 AMB or Rs. 2,00,000
RV at an individual level.

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 changes)

  • Cash withdrawal failed due to insufficient funds considered as financial transaction
  • All Debits, Credits above ₹5000 only (for alert of credit below ₹5000 raise request with branch or customer care)
  • Insurance can be availed by logging into and signing up by clicking on the Wings page. Benefits are applicable only when specifically registered.