FridayOL

Equitas Small Finance Bank has announced the launch of two new financial products specifically tailored for Non-Resident Indians (NRIs) and seafarers: Foreign Currency Non-Resident (FCNR) Deposits and the Equitas Explorer Savings Account. These offerings aim to provide secure and convenient banking solutions for individuals working and living abroad, addressing their unique financial needs and challenges.

FCNR (B) Deposits: A Safe Harbour for Your Foreign Earnings

The FCNR (B) Deposit scheme allows NRIs to deposit funds in foreign currencies like US Dollars, UK Pounds, Euros, and more. A key benefit is the protection against exchange rate fluctuations. Your principal amount and interest earned are shielded from currency volatility, ensuring your savings maintain their value. Equitas Small Finance Bank offers competitive interest rates on FCNR deposits, making it an attractive option for NRIs looking to grow their wealth safely. The scheme adheres to Reserve Bank of India (RBI) guidelines, providing an added layer of security and trust.

Key Advantages of FCNR (B) Deposits with Equitas:

• Currency Protection: Safeguard your savings against exchange rate risks.
• Competitive Interest Rates: Maximize your returns with attractive interest rates.
• RBI Guidelines Compliance: Benefit from a secure and regulated investment.
• Flexible Tenures: Choose a tenure that aligns with your financial goals.

Equitas Explorer Savings Account: Banking Designed for Seafarers

Understanding the unique lifestyle and banking requirements of seafarers, Equitas Small Finance Bank has introduced the Equitas Explorer Savings Account. This account offers a range of benefits designed for individuals who spend significant time at sea. Features include easy access to funds globally, convenient online banking services, and specialized support to manage finances while away from home. The account aims to simplify banking for seafarers, allowing them to focus on their work with peace of mind.

Why Choose the Equitas Explorer Savings Account?

• Global Accessibility: Access your funds from anywhere in the world.
• Convenient Online Banking: Manage your account and transactions online.
• Dedicated Support: Receive personalized assistance for your banking needs.
• Attractive Interest Rates: Earn interest on your savings.

Who Can Benefit?

These new offerings are specifically designed for:

• NRIs: Individuals residing outside India but maintaining financial ties.
• Seafarers: Individuals employed in the merchant navy and spending extended periods at sea.

Learn More and Get Started

Equitas Small Finance Bank invites NRIs and seafarers to explore these new banking solutions and take control of their financial futures. Visit your nearest Equitas branch or explore their website for more information and to open an account today. Don’t miss out on the opportunity to secure your savings and enjoy convenient banking services tailored to your unique needs.

Disclaimer: Please refer to the bank's website or contact a representative for the latest terms and conditions, interest rates, and applicable fees.