Fino Payments Bank in association with Suryoday Small Finance Bank has launched a ‘Sweep Account’ facility for their customers.
Using the functionality Fino Bank customers can now deposit, withdraw and receive more than Rs.1 lakh in their account, seamlessly and enjoy unrestricted banking experience. This is absolutely within the regulatory framework.
If you are an existing account holder than you need to apply for the sweep account facility through service request by:
If you are a new customer, then you can also apply for sweep account facility at time of submitting new account opening application with Fino Payments Bank.
*Terms and conditions apply. Interest on balances in Fino Payments Bank account up to Rs.1 Lakh - 4% p.a. Interest, On balances in sweep account opened with Partner Bank – Up to Rs.1 Lakh - 6.25% p.a., over Rs.1 lakh and up to Rs.10 Lakh - 7.25% p.a. and above Rs.10 Lakh - 7% p.a. Applicable interest will be calculated on the incremental amount for the slabs. Rates are subject to change from time to time at the discretion of Fino Payments Bank & Partner Bank.