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MoneyWorks4Me

Equitas Holdings' arm introduces current account with ‘sweep in sweep out’ fixed deposit

11 Mar 2020 Evaluate

Equitas Holdings' subsidiary -- Equitas Small Finance Bank has introduced current account with ‘sweep in and sweep out’ fixed deposit for entrepreneurs, self-employed professionals and businessmen. With 24x7 cash deposit facility, customers also get interests on idle funds with sweep in sweep out Fixed Deposit (FD).

Customers can choose from 3 different product variants based on their need. Equitas Current Account offers 50% waiver on balance in semi-urban and rural branches; and 50% waiver of balance for women proprietors in Metro & Urban Areas - for specific Current Account variants.

Equitas Holdings is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels.

Peers
Company Name CMP
Bajaj Finance 1114.00
Shriram Finance 1000.00
Aditya Birla Capital 416.55
Tata Capital 356.00
Chola Invest & Fin. 1856.00
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