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How many branches does Equitas Bank have?

Author

Sarah Oconnor

Updated on February 20, 2026

How many branches does Equitas Bank have?

Equitas Small Finance Bank starts operations. Equitas Small Finance Bank has commenced its banking operations with 3 branches in Chennai. The Chennai-headquartered Small Finance Bank, in a statement, said by the end of fiscal FY16-17, it plans to have a network of 412 branches spread across 11 states.

Herein, is Equitas bank a scheduled bank?

Equitas Small Finance Bank. After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas began banking on 5 September 2016 as a subsidiary of holding company Equitas Holdings Ltd. With effect from 4 February 2017, Equitas became a scheduled bank.

Secondly, what is Equitas bank edit? EDIT, which runs eight Equitas Gurukul schools in Tamil Nadu, has set up a centre of academic excellence in Chennai with subject matter experts who design and develop lesson plans for all the eight schools, in order to ensure uniformity in terms of the quality as well as teaching.

Secondly, how safe is Equitas bank?

This is not to say that Equitas and Fincare are not safe, most scheduled banks in India are safe and the amount is not very large by banking standards.

Where can I find Equitas bank customer ID?

You need to go to www.equitasbank.com and select Forgot / Reset PIN.

Register with your personal details

  1. Provide your Customer Identification Number (Customer Identification Number will be 7 digits & your A/c number will be 12 digits)
  2. Mobile number.
  3. Date of Birth.
  4. Email ID.

What is the minimum balance in Equitas bank?

Minimum average quarterly balance of Rs 5,000. Facility of net banking and mobile banking without any charge. Can be combined with recurring deposit or FD against the AQB Rs 15,000.

Who is the CEO of Equitas bank?

Equitas Small Finance Bank
TypeSmall finance bank
Key peopleShri Arun Ramanathan (Part-time Chairman) Mr. Vasudevan P N (MD & CEO)
Revenue₹1,787.41 crores (US$274 million) (2018)
Net income₹31.35 crores (US$5 million) (2018)
Total equity₹4,891.98 crores (US$751 million) (2018)

Which is the No 1 bank in India?

HDFC Bank

Why small banks are better?

Advantages of Small Banks
Many small banks, community banks, and credit unions offer better customer service than the large institutions do. It's simply easier to have a personal touch in a smaller setting.

Is small finance bank safe?

Industry experts suggest, though investing in the FDs of small finance banks can fetch you higher returns, investment in these avenues may be a bit risky compared to bank FDs. Whereas, CRISIL A1+ is the rating you should look for if you plan to invest for less than 12 months. It is also better to be safe than sorry.

Which is India's first small finance bank?

Northeast India's first small bank, North East Small Finance bank (NESFB) started its services on Sunday. Rashtriya Gramin Vikas Nidhi (North East) Microfinance Limited received the Small Finance Bank License from the Reserve Bank of India (RBI) on March 31, 2017.

What is difference between payment bank and small bank?

Small banks can accept all types of deposits like a commercial bank ( savings, current, fixed deposits, recurring deposits etc) on the other hand Payment banks can take deposits only on current & savings account. Payment banks cannot give loans but can invest in G securities ( as most of the depositors are poor people.

What is meant by small finance bank?

The Small Finance Bank (SFB) is a private financial institution intended to further the objective of financial inclusion by primarily undertaking basic banking activities of acceptance of deposits and lending to un-served and underserved sections including small business units, small and marginal farmers, micro and

Is Equitas bank safe for FD?

How safe is opening an FD with small banks like Equitas and Fincare? As DICGC has insurance coverage upto 1 Lakh for all banks, no need to worry upto 1 Lakh deposits. If you need to deposit more than 1 Lakh, you may do so at your own risk.

Which bank is safe for fixed deposit?

It is also safer as compared to investments in mutual funds or SIPs. Small finance banks offer higher interest rates on FDs to general customers as well as senior citizens as compared to other top lenders including State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank, to name a few.

Is FD in private bank safe?

Your investment in a bank is insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme, which covers your deposits up to Rs. 1 lakh for both principal and interest amount held in the same capacity and same right. So, even if the bank you have an FD in goes insolvent, your money would be safe.

Which small finance bank is best in India?

There are as many as 10 small finance banks that operate in the country.They are:
  • Ujjivan Small Finance Bank.
  • Jana Small Finance Bank.
  • Equitas Small Finance Bank.
  • AU Small Finance Bank.
  • Capital Small Finance Bank.
  • Fincare Small Finance Bank.
  • ESAF Small Finance Bank.
  • North East Small Finance Bank.

Can small finance bank accept deposits?

Small finance bank. Small finance banks are a type of niche banks in India. Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending.

Is Fincare safe?

Addressing the question of risk of FDs with the bank – FDs with Fincare and any of the SFBs are as safe as with any other banks. As with commercial banks, deposits with SFBs are also insured up to Rs 1 lakh.

What is the meaning of Equitas?

Equitas is the name given to a group of companies that was formed in 1996 to reinsure the liabilities that had accumulated in the syndicates at Lloyd's of London on insurance policies written on the 1992 and all prior years of account.

What is Equitas Holdings?

Equitas Holdings Limited ('the Company') is a Non-Deposit Taking Systemically Important - Core Investment Company – (CIS-ND-SI) registered with The Reserve Bank of India. The activity of the company is to making investment in subsidiary companies and providing loans to them. It has no other operations.

What is the primary objective of small finance bank?

Objective of Small Finance Banks
The small finance banks are allowed to accept deposits from customers and lend money to people. It aims to strengthen financial inclusion and to promote small business units, small and marginal farmers, micro and small industries and unorganised sector entities.

How do I activate my Equitas debit card?

To activate your Equitas Bank Debit Card, A PIN based financial transaction through ATM or POS is necessary.
  1. Calling our 24 hrs Phone Banking Centre at 1800 3000 1222 Or.
  2. Logging into Equitas Bank Mobile Banking App or Internet Banking at
  3. By visiting a nearby Equitas Bank branch.

How do I check my Equitas bank account balance?

What is Equitas Bank Balance Enquiry toll-free number? Account holders can call on the Equitas Small Finance Bank Balance Enquiry toll free number – 1800-103-1222 to check account balance instantly.

How do I get a pin for my Equitas debit card?

How to Change Equitas Net Banking Pin/ Forgot Pin
  1. Log in to your internet banking account and click on Card to start resetting the PIN for your Debit Card.
  2. Select the Debit card for which you wish to change the PIN and then select the PIN. Validate the request via OTP and your PIN will be changed instantly.

How can I change my mobile number in Equitas bank?

In order to change your Registered Mobile Number in Equitas Small Finance Bank , you need to follow these steps:
  1. Step 1: Approach home branch of Equitas Small Finance Bank where you maintain your account.
  2. Step 2: Obtain KYC Details Change form.
  3. Step 3: Fill up KYC Details Change form.

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