Equitas Small Finance Bank, on Thursday, announced that it has launched a 3-in-1 account, which includes savings, trading and demat.
The bank has decided to provide broking and demat services through a referral arrangement with brokerage firms for trading and depository services.
These arrangements enable Equitas Savings Bank customers to invest funds across the investment products using a single platform.
About Bank
Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender, with headquarters in Chennai, India.
After receiving license from the Reserve Bank of India on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd.
It offers a range of financial products and services that address the specific requirements of these customer segments by taking into account their income profile, nature of business and type of security available.
Motive
The motive of the bank is to widen its product offerings and allows its customers to keep their banking and financial investments under one umbrella entity.
Benefit
This service will allow customers a secure seamless and convenient way to invest in the investment instruments as per their need.
The securities includes, direct equity and F&O trading, MF investment across all AMCs, ETFs, corporate FDs, corporate bonds, govt bonds, insurance products, National Pension Scheme (NPS) and initial public offerings (IPOs).
Customers can transfer money seamlessly between their bank account when they have a 3-in-1 account.
Press the Bell Icon for notifications of all updates.
