Equitas Bank savings account interest rates, designed to encourage savings while providing liquidity. Here the interest rates range from 3.50% to 7.80% per annum, depending on the account balance. The bank follows a tiered structure, offering higher rates for larger balances. I have shared the rates based on the daily closing balance.
What is Equitas Savings Account Interest Rate?
Here’s a breakdown of Equitas Bank’s savings account interest rates:
Balances up to Rs 1 lakh: Interest rates for smaller balances are 3.50% per annum.
Balances between Rs 1 lakh and Rs 7 lakh: The interest rate increases to around 5.00%.
Balances above Rs 7 lakh and up to Rs 25 crore: For higher balances, Equitas Bank offers rates of up to 7.00% per annum.
Balance above Rs 25 crore: The interest rate is 7.80% per annum.
This tiered approach of Equitas Small Finance Bank savings account interest rate benefits account holders who maintain higher balances, offering them one of the most competitive rates in the market. I hope you found this answer helpful.
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What is the Equitas Bank Savings Account Interest Rates?
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2024-09-24T20:31:00+00:00 2024-09-24T20:31:01+00:00Comment
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