TNPSC Thervupettagam

Yellow Army Savings Account

March 25 , 2018 2231 days 985 0
  • Equitas Small Finance Bank has launched a new ‘Yellow Army Savings Account’ to increase its customer base through its association with the Chennai Super Kings (CSK), a franchise of the Indian Premium League (IPL).
  • The yellow army savings account will offer an interest rate of six per cent per annum for balance below Rs.10 lakh and 6.5 per cent per annum for balance above Rs.10 lakh.

Equitas

  • Equitas Small Finance Bank is a small finance bank founded in 2007 by Equitas as a microfinance lender
  • The headquarters is in Chennai, India.
  • Equitas Small Finance Bank is the first private sector bank from Tamil Nadu post-independence.
  • With effect from 4 February 2017, Equitas became a scheduled bank. Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934.

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