Equitas Bank Saving Interest Revision

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Deal Lieutenant
bohemian

New Rates from March 21

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Crowdpuller Crowdpuller
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Why are they increasing the slab? Want more liquidity?

All well??

Cool Cool
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Any benefit of this?
If higher balance is needed for more interest then it can easily be taxable for greater than 10k yearly interest

Deal Subedar Deal Subedar
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raman12 wrote:

Any benefit of this?
If higher balance is needed for more interest then it can easily be taxable for greater than 10k yearly interest

Yes, you can use for someone in family who doesn’t fall in higher tax bracket.

Deal Cadet Deal Cadet
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raman12 wrote:

Any benefit of this?
If higher balance is needed for more interest then it can easily be taxable for greater than 10k yearly interest

It isn’t about you it’s about bank’s benefit 😊
They want people to park more money so they can give more loans and grow their money and customers also earn a little bit

Deal Cadet Deal Cadet
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Whats better between NiyoX & Direct Equitas Bank Account? Any other better Small Finance Bank ?

Mobile Guru Mobile Guru
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2crs b rakta hai koi iss bank me 🥲

Cool Cool
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Neo53 wrote:

It isn’t about you it’s about bank’s benefit 😊
They want people to park more money so they can give more loans and grow their money and customers also earn a little bit

Isse accha fd na kar le

Deal Cadet Deal Cadet
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raman12 wrote:

Isse accha fd na kar le

FD – only when you know you don’t want to touch your X money for Y months/years.
otherwise it’s better in savings acc only

Hunk Hunk
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Neo53 wrote:

FD – only when you know you don’t want to touch your X money for Y months/years.
otherwise it’s better in savings acc only

that’s why many people opt for sweep fd for bank balance over 10k

Deal Cadet Deal Cadet
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MrKool_JJ wrote:

2crs b rakta hai koi iss bank me 🥲

Property sale ya kuch claim amount aayega to it can go into crores.
Us hisaab se they put slabs

Critic Critic
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MrKool_JJ wrote:

2crs b rakta hai koi iss bank me 🥲

This is India, here ppl were ready to invest crores in laxmi chit fund type schemes/unregulated deposits/co-operative banks for that extra 1-2% interest. Compared to them, keeping this much in this bank is still safer.  smile

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