Aarambh Savings Account
Ab Fino se karein apni banking yatra ka AARAMBH!!!!
Fino Payments Bank Aarambh Savings account has been designed to bring affordable banking services at your doorstep. A feature loaded account that does not require you to maintain any minimum balance in your account. Aarambh savings account has been custom designed for you to receive Government DBT scheme benefits. This account is currently available in select geographies only.
key features
- Attractive subscription fee of just Rs 99/- per annum
- No minimum balance maintenance required
- Earn attractive interest rate up to 7.50% with sweep facility#
- Mobile banking access to conveniently manage the account, anywhere and anytime
- Free SMS alerts
- Initial funding of Rs 100/- for account activation
- Overall daily withdrawal limit of up to Rs 2 lakhs
- Free account statement facility through email
- Aadhar seeding facility for direct benefit transfer
#Interest on balances in Savings Bank Account with Fino Payments Bank up to INR 2 Lakhs is 2.75% p.a. with effect from 01st May 2021.
Interest on balances in sweep account opened with Partner Bank - Up to INR 1Lakh - 3% p.a., over INR 1 lakh and up to INR 5 lakh - 5% p.a.,over INR 5 lakh and up to INR 10 lakh - 7.25% p.a.,over INR 10 lakh and up to INR 2 crore - 7.50% p.a.,over INR 2 crore and up to INR 5 crore - 7.50% p.a. and above INR 5 crore - 7.25% p.a. Applicable interest will be calculated on the incremental amount for the slabs w.e.f. 13th November 2023.
Interest on balances in sweep account opened with Partner Bank - Up to INR 1Lakh - 3.50% p.a., over INR 1 lakh and up to INR 5 lakh - 5% p.a.,over INR 5 lakh and up to INR 10 lakh - 6% p.a.,over INR 10 lakh and up to INR 2 crore - 7% p.a.,over INR 2 crore and up to INR 5 crore - 7.10% p.a. and above INR 5 crore - 7.50% p.a. Applicable interest will be calculated on the incremental amount for the slabs w.e.f. 1st September 2023.
Interest on balances in sweep account opened with Partner Bank - Up to INR 1Lakh - 4% p.a., over INR 1 lakh and up to INR 1 crore - 6.25% p.a. and above INR 1 crore - 5% p.a. Applicable interest will be calculated on the incremental amount for the slabs w.e.f. 20th January 2022.
Interest on balances in sweep account opened with Partner Bank – Up to INR 1 Lakh - 4% p.a., over INR 1 lakh and up to INR 10 Lakh - 6.25% p.a. and above INR 10 Lakh - 6% p.a. Applicable interest will be calculated on the incremental amount for the slabs till 19th January 2022
Effective 7th Jan 2023 onwards, Interest on Balances in Fino Payment Bank Saving Account has been revised as follows :
|
Daily Closing Balance Slabs |
%ROI per annum |
|
Up to and including Rs. 1 Lakh |
2.50% |
|
Above Rs. 1 Lakh up to & including Rs. 2 Lakhs |
5.00% |
Interest payable to the customers is being revised from Quarterly to Monthly. Interest will be accrued on daily closing balance and paid to the customers at the end of every month.
*Interest on balance in Sweep Account with our Partner Bank will be as per partner bank policy & norms.
For detail Rate of Interest Please click here
Note: Interest Rates are subject to change at the sole discretion of Fino Payments Bank and Partner Bank for sweep account. Balance above INR 2,00,000 on EOD will be transferred to customer’s sweep account held with Partner Bank.
