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Equitas Bank Savings Account

Equitas Small Finance Bank, headquartered in Chennai, is one of the fastest growing small finance bank in the country. Started its journey as a micro finance company, it now provides different financial products and a host of different savings account. Opening these savings account are hassle-free, easily accessible and it can be operated digitally.

Savings account is a need in today’s world. It helps carry out transactions, park and save money as well.

When it comes to opening a new account, one of the key features that customers look is the interest rate offered by the bank. Equitas Bank offers an attractive interest rate of up to 7.5% on its savings account.

Savings Account customers can set their favourite number as their bank account number.

Here’s the interest rate offered to the Equitas Bank customers:

Daily Closing Balance      Interest rate
Up to ₹ 1 lakh 4.5%
Above ₹ 1 lakh and up to ₹ 1 crore 6%
Above ₹ 1 cr and up to ₹ 5 crs 7%
Above ₹ 5 crs and up to ₹ 30 crs 7.25%
Above ₹ 30 crs and up to ₹ 50 crs 7.50%
Above ₹ 50 crs Contact branch


Here are the six different types of Equitas Bank savings account:

Regular Savings Account

The regular savings account tries to balance between your savings and spending. You can spend more and save more if you shop with their debit card.  You can also access your savings account all round the clock through the Internet and mobile banking.

This savings account comes with a minimum average balance of Rs.10,000. However, you don’t have to worry about keeping the minimum average balance if you have fixed deposits worth Rs.50,000 or more.

My Savings

Are you worried that you won’t be able to keep the minimum average balance? My Savings is a zero balance savings account from Equitas bank. Savings account customers don’t have to carry any minimum average charge. The savings account also does not have any annual maintenance charges as well.

Customers receive free passbook, and many branches and ATMs are available for a smooth transaction.

Basic and Small Savings Account

This is the basic savings account from Equitas Bank. In this savings account, too, there is no minimum balance. Customers also receive a free RuPay debit card when they open this account.

Namma Savings Account

A savings account is just a stepping stone towards the different financial products that are available. Namma Savings Account lets you link your recurring deposit to your savings account. You can get higher interest rates than a savings account.    

Also, the savings account carries no minimum balance if you have a linked RD.

Value Plus Account

Value Plus Account, another type of Equitas Bank savings account, is loaded with features like internet banking and instant fund transfer. Fifteen transactions are free per month, and it offers multicity cheque book of 25 leaves.

However, this savings account carry a minimum average balance of Rs.25,000.

Wings Savings Account

Wings Savings account is the premium savings account or privilege banking service from Equitas Bank. Account-holders get complimentary domestic lounge access and free home insurance of up to Rs. 2 lakh for burglary, theft and fire accidents. Customers can get an attractive reward point by swiping their debit card at merchant outlets.

The needs of different customers vary and the different types of savings account are suitable for different customers. Select the savings account of your choice and fulfil your financial needs with Equitas Savings Account.

To know more, you can dial the toll-free number 1800-103-1222.


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