Benefits of Opening a Savings Account with Equitas Bank

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 If you’ve ever searched for a savings account near me, chances are you’ve come across Equitas Bank. This bank is known for offering simple, friendly, and modern banking services to all kinds of people—especially those who need banking the most. Whether you’re a student, a salaried employee, a small business owner, or someone living in a rural area, Equitas Small Finance Bank has the right savings account for you.

In this article, we’ll talk about the many benefits of opening a savings account with Equitas Bank, and why it can be a smart and safe step toward a better financial future. You can also easily find the nearest branch or ATM using 

What is a Savings Account?

A savings account is a simple type of bank account that lets you:

  • Safely keep your money

  • Earn interest over time

  • Easily deposit and withdraw money

  • Use banking services like ATM, UPI, and online banking

Opening a savings account is often the first step in building financial discipline, saving for the future, and using banking services smartly.

Why Choose Equitas Bank for a Savings Account?

Equitas Small Finance Bank stands out because it is focused on inclusion, innovation, and customer-friendly service. The bank was built to serve people from all walks of life—especially those who are often ignored by big banks.

Here’s a deep look into the top benefits of opening a savings account with Equitas Bank:

1. Easy Account Opening Process

Opening an account with Equitas Bank is very simple. You can:

  • Visit your nearest branch 

  • Or start the process online through their website or mobile app

You don’t need a lot of paperwork. Even people with basic documents like Aadhaar and PAN card can open an account.

They also offer video KYC, so you can open your account without leaving your home!

2. Zero Balance Savings Accounts

Don’t have a lot of money to maintain in the bank? No problem.

Equitas Bank offers Zero Balance Savings Accounts, which means:

  • No need to keep a minimum balance

  • No penalty for low balance

  • Full access to banking services

This is great for students, daily wage workers, and homemakers who want to start saving without stress.

3. Attractive Interest Rates

One of the biggest benefits of banking with Equitas is their high-interest savings accounts.

While many traditional banks offer low interest (around 2.5% to 3%), Equitas Bank offers:

  • Up to 7% interest on your savings (depending on your balance)

  • Monthly interest payout options

  • Better returns on your money while keeping it safe

This means your money grows faster just by sitting in the account.

4. Access to Modern Digital Banking

Equitas Bank gives you free and easy access to digital banking tools, such as:

  • Mobile banking app for Android and iOS

  • Internet banking portal

  • UPI and IMPS transfers

  • Bill payments, recharges, and more

You can bank anytime, anywhere—no need to visit the branch every time.

Even if you are new to digital banking, the Equitas team helps you learn how to use these tools safely.

5. ATM and Debit Card Benefits

Once you open a savings account, you get a free RuPay Debit Card, which lets you:

  • Withdraw money at any ATM

  • Swipe your card at shops

  • Shop online securely

  • Access offers and discounts

Equitas Bank has its own ATMs, and you can also use other bank ATMs. To find the nearest ATM, use 

6. Safe and Secure Banking

Equitas Small Finance Bank is an RBI-regulated bank, which means:

  • Your money is protected under the Deposit Insurance Scheme (up to ₹5 lakhs)

  • The bank follows all security standards and data protection rules

  • You get regular SMS alerts and transaction updates

Your money is in safe hands with Equitas.

7. Multiple Account Options

Equitas Bank doesn’t believe in "one-size-fits-all." They offer different types of savings accounts to suit your needs:

  • Regular Savings Account
    For salaried individuals and professionals.

  • Selfe Savings Account
    A digital account opened through video KYC.

  • Senior Citizen Account
    With higher interest and special features for older adults.

  • Women’s Savings Account
    Designed to help women save and manage money confidently.

  • Kids Account
    Teach children the value of money early in life.

Each account comes with its own benefits, making it easy for everyone to find a perfect match.

8. Friendly Customer Service

Equitas Bank is known for its friendly and helpful staff. Whether you walk into a branch or call their helpline, they’re always ready to help you:

  • Open an account

  • Learn about your benefits

  • Fix any issue quickly

Even in rural and semi-urban branches, staff are trained to assist first-time users with a smile.

9. Financial Literacy Support

Opening a savings account is just the beginning. Equitas Bank goes one step further by offering financial literacy programs that teach you how to:

  • Manage your money better

  • Budget your expenses

  • Avoid loan traps

  • Plan for the future

They hold community programs, webinars, and one-on-one help sessions.

10. Access to Other Financial Services

Once you have a savings account with Equitas, you also get easy access to:

  • Fixed deposits with high interest

  • Recurring deposits

  • Loans (personal, home, vehicle)

  • Insurance

  • Investment options

This means you can grow your savings, plan for your goals, and even get financial help when needed.

11. Women Empowerment Through Banking

Equitas Bank is known for supporting women-led businesses and savings. Women can:

  • Open their own savings accounts

  • Get group loans or micro-loans

  • Learn about digital banking

  • Grow their financial independence

This is a big step toward empowering more women in India.

12. Easy Access to Branches and ATMs

You can easily find the nearest Equitas Bank branch or ATM using this tool:

Just enter your city or location and you’ll get:

  • Nearby branches

  • ATM locations

  • Business correspondents and agents

This helps you reach the bank easily, whether you're in a metro city or a village.

13. Support for Rural and Underserved Communities

Equitas Bank focuses on bringing banking to areas where traditional banks don’t reach. This includes:

  • Setting up branches in remote areas

  • Appointing local agents for door-to-door banking

  • Helping farmers, laborers, and small shop owners

  • Offering simple and transparent banking services

This supports financial inclusion and economic growth in rural India.

14. Paperless and Eco-Friendly Banking

Equitas encourages customers to use:

  • e-statements instead of paper statements

  • Online transactions instead of cheques

  • Mobile and internet banking to reduce travel and paper use

This helps save time, money, and the environment.

15. Monthly Interest Payout

Most banks give you interest quarterly. But Equitas Bank offers monthly interest payout, which means:

  • You get interest added to your account every month

  • You can use that extra money for expenses or reinvest it

  • It feels more rewarding and useful, especially for senior citizens and small savers

Who Can Open an Equitas Savings Account?

Anyone can open an account with Equitas Bank. You can be:

  • A student

  • A homemaker

  • A salaried employee

  • A pensioner

  • A small business owner

  • A farmer or laborer

You just need basic KYC documents like:

  • Aadhaar Card

  • PAN Card

  • Passport-sized photo

How to Open an Equitas Bank Savings Account

Here’s how easy it is:

  1. Online Method

    • Visit the official website or download the mobile app

    • Choose the Selfe Savings option

    • Complete video KYC

    • Your account is ready in minutes!

  2. Offline Method

    • Visit your nearest Equitas Bank branch

    • Submit your KYC documents

    • Choose the right account type

    • Get your account and debit card quickly

Real-Life Examples of Happy Customers

Rajesh (Shopkeeper from Tamil Nadu)
Rajesh opened a zero balance account and started saving ₹200 per day. After a year, he had saved enough to expand his small shop.

Latha (Homemaker from Andhra Pradesh)
Latha opened a women’s account and started a small tailoring business with help from a microloan. Today, she runs her own boutique.

Arun (College Student in Mumbai)
Arun used the Selfe Savings account to start his first savings journey. He now uses UPI and mobile banking with confidence.

Final Thoughts

If you’ve been thinking about opening a savings account near me, Equitas Bank is a smart, safe, and rewarding choice. It doesn’t matter where you live or how much you earn—Equitas Bank offers something for everyone.

From high interest rates to zero balance accounts, digital access to personal support, you get all the benefits you need to grow your savings and achieve your financial goals.

So don’t wait—open your account today and start your journey toward a better, more secure financial future.

Location: India

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