Equitas Small Finance Bank stated it has waived non-maintenance charges on all savings accounts besides offering lower transaction charges to customers. The bank offers upto 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.
They intend to further strengthen the liability franchise with a focus on growing the retail deposit and CASA deposit base to provide with a stable and low-cost source of funding. Premature closure of accounts and partial withdrawal is also permitted for senior citizens.