Equitas Bank rolls out digital savings a/c

Our Bureau

Chennai, February 14

Equitas Small Finance Bank has introduced ‘selfeSavings’, an interactive digital savings account.

This account can be opened with the web-based interactive video form hosted on www.equitasbank.com by using Aadhaar number, PAN and other basic details. Customers can set up a mobile banking PIN and start using their account instantly, according to a statement.

“The interactive account has been developed to engage with the millennials. This will be a standalone acquisition channel,” said Sanjeev Srivastava, President and Country Head - Branch Banking, Liabilities, Products and Wealth Management, Equitas Small Finance Bank.

The new selfeSavings account has no minimum balance requirement. It pays an interest rate of 6 per cent per annum for balance below ₹10 lakh and 6.5 per cent for ₹10 lakh and above.

The account will also allow customers to make online money transfers for free (IMPS, NEFT and RTGS) and comes with a virtual Visa debit card that can be used to shop online.

Customers can deposit money into their selfeSavings account via debit card, net banking or wallets.

Published on February 14, 2018
TOPICS
small savings
small finance bank

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