Equitas Small Finance Bank Limited — Important, 09-01-2025: General Updates

Equitas Small Finance Bank has adjusted its savings account interest rates, effective January 10, 2025, to offer enhanced benefits for customers. The bank continues to provide 3.00% on balances up to ₹1 lakh. A new tier for balances between ₹1 lakh and ₹10 lakhs will yield 5.00%. Notably, a newly introduced slab for balances between ₹10 lakhs and ₹25 lakhs is set at 7.00%, while balances from ₹25 lakhs to ₹1 crore will earn 7.25%. For larger amounts, from ₹1 crore to ₹25 crores, the rate is increased to 7.50%, maintaining the previous rate of 7.80% for balances over ₹25 crores.

This restructuring highlights the bank's commitment to competitive interest offerings aimed at encouraging customer savings. The revised rates aim to empower customers to maximize returns and enhance financial growth through disciplined saving. As interest is accrued daily and paid quarterly, customers can benefit significantly from these new provisions. Prospective clients are invited to experience these offerings by opening accounts online or visiting branches.