Will our account be closed in equitas bank or they reject us,?
if i make this is my permanent account or primary account?
Hi @Naveenthapa97 ,
Thank you for your question! We’re more than glad you considered making NiyoX your primary account. Each of our NiyoX products have been launched in partnership with different partner banks, each with a set of offerings and specifications that they are able to commit to the product.
Our team has worked hard with the Equitas team to bring you the unique 2-in-1 offering and industry-best interest rates in a state-of-the-art product, and we definitely hope you will join us on this journey. You won’t regret it, we promise. 
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that’s good to know, 
Btw any chance niyox launch also credit card offers!?
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We do not offer credit cards as of now, but it’s part of our future plans. We’ll keep you posted! 
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No.
For ex, Team Niyo stopped support and onboarding of their previously launched Niyo IDFC account but we are still able to use the account directly from IDFC mobile app and net banking website.
Similarly if NiyoX is stopped, you should be able to access the same from equitas bank mobile app and it’s NetBanking.
And If Equitas or IDFC bank goes kaboom then you will get upto 5lac only from each bank as RBI provides max insurance of 5lac for each customer ID in a bank.
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I’m afraid the interest rates get down.
Like as it happened in IDFC first bank. From 7 to 6 to now 4. Really pathetic. I hope equitas don’t do this.
Also would like to know, if I load the equitas account with 2 lakhs. Will the interest rate of 7% applicable to the whole 2 lakhs. Or till 1 lakh lesser interest rate slab And then from 1 lakh to 2lakh, this 1 lakh will be only 7%
Please let me know. Thank you.
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Hello Sai, here’s how it works with an example:-
I hope this answer has helped you understand how the interest rate works. If you’re not happy with the answer, kindly wait, a Niyo representative will assist you further.
Stay safe,
Ashrith Jain
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Thank you @jainashrith
This means basically if I hold 2 lakhs in my account
At the end of the year I might get some returns around 5.25% interest right?
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Exactly! That’s how it’ll be.
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1 Lakh aane me abhi 3-4 saal lagenge!!
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Something like what happened with simple bank will happen here… I think so.
(Simple was mobile only bank account in US)
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Hope so niyo other product hit this is also:+1:t2: waise yll jab tak profit hoga chalega ye… Haina 
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Thanks for sharing the details @jainashrith
@gpsuraj here are the interest rate slabs offered by Eqitas Small Finance Bank for your reference:
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That’s okay but Equitas’s App is so bad compared to the NiyoX app. I would much prefer that NiyoX stays around for the long haul and I would definitely not want to use the Equitas interface even if my bank account is actually on their servers.
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