In order to expand its product offerings, Equitas Small Finance Bank has launched a 3-in-1 account which allows its customers to invest in a wide variety of financial products.

A 3-in1 account (savings +trading+ Demat) is a convenient option that helps the customers to keep all their banking and financial investments under one umbrella entity. The bank provides stock 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.

"This product allows customers a secure seamless and convenient way to invest in their choice of investment instruments including equity, fixed deposits, government securities and mutual fund products," said MuraliVaidyanathan, President and Country Head for branch banking, liabilities, product and wealth.

The financial products offered through the 3-in-one account include direct equity trading, future and options trading, mutual fund investment across all asset management companies, exchange-traded funds, corporate fixed deposits, corporate bonds, government bonds, insurance products, National Pension Scheme and initial public offerings. Equitas Small Finance Bank is the largest small finance bank in India in terms of the number of banking outlets and the second largest in terms of assets under management and total deposits. Its distribution channels comprise of 853 banking outlets and 322 ATMs across 15 states and union territories in India.

Rupee falls 13 paise to 73.69 against US dollar

RBI prescribes eligibility criteria for declaration of dividend by NBFCs

Heritage Foods sells its entire holding in Future Retail for Rs 132-cr