Equitas Small Finance Bank waives non-maintenance charges

Image
Press Trust of India Chennai
Last Updated : Jan 07 2020 | 6:10 PM IST

Equitas Small Finance Bank on Tuesday said it has waived non-maintenance charges on all savings accounts besides offering lower transaction charges to customers.

The bank said it offers upto 7.5 per cent per annum on savings and upto 8.25 per cent per annum on fixed deposits and 0.60 per cent extra for senior citizens.

"We intend to further strengthen our liability franchise with a focus on growing our retail deposit and CASA deposit base to provide us with a stable and low-cost source of funding," the bank's president and country head-branch banking, liabilities, Murali V said in a press release.

Premature closure of accounts and partial withdrawal is also permitted for senior citizens, according to the release.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 07 2020 | 6:10 PM IST

Next Story