Equitas Small Finance Bank encourages NRIs to save through special

We take this opportunity to wish all our NRI clients to stay safe and enjoy best returns on their hard-earned money. We would like them to join our Save India save campaign and make most out of their savings.”

Chennai — Equitas Small Finance Bank, a renowned and trusted microfinance lender operating under Equitas which was launched in 2007, continues to offer the best-in-class deposit product suite that sets it apart from others in terms of savings accounts, fixed deposits or recurring deposits, with lucrative interest rates.
Currently, the bank is running lucrative “Save India Save” campaign that aims to encourage NRIs and PIO customers to deposit their hard-earned money with a 7 per cent interest rate on balances above Rs1 lakh, and increased rates on higher balances. 
It offers full liquidity to investors at any point in time. Furthermore, the interest is credited to the bank account on a quarterly basis, thereby offering yield IRR equivalent of 7.19 per cent on the account balance itself. The annualised yield further increases up to 7.55 per cent on fixed deposit.
“On NRE savings and deposits, this interest is not taxed in India and is fully repatriable — thereby highly lucrative for NRIs from GCC. For customers remitting money to India, we offer highly competitive foreign exchange rates to ensure that NRIs get a good deal while converting their hard-earned money into Indian Rupees. We offer zero maintenance charges on all our bank accounts and provide deposit locker facility at our branches in India,” said Shri. Murali Vaidyanathan, president and country head – liabilities, product and wealth management, Equitas Small Finance Bank.
The bank has a superlative digital banking platform offering online services through Internet as well as mobile banking application. Equitas NRI customers can operate their accounts — from making fixed deposits to executing fund transfers — from any part of the world with ease. They can also reach out to Equitas Virtual Relationship Managers easily through WhatsApp from their registered mobile numbers.
“To ensure ease access for initiating banking relationship, we have opened Non-Face-to-Face Account Opening Facility for all GCC countries. This means, that GCC customers can start availing our offer with easy documentation and without physically visiting our office. To ensure customer service of highest standards – we have created a dedicated channel in the bank,” Vaidyanathan said.