Fino Payments Bank receives 'Great Indian Workplace Award 2018'
We are the first payments bank to go live with 410 branches and over 25,000 banking points on day one!
How is a Payments Bank different than other Banks?
> Payments Bank cannot lend money to their customers
> Payments Bank cannot open Fixed deposits or recurring deposits
> Payments Bank cannot allow a balance of more than Rs.1 lakh in any account, overnight
Effective 01 July 2017, following the directive of Govt of India, the GST rate of 18% will be applicable instead of the earlier service tax.