Current Affairs Economy & Banking

Fino Payments Bank Partners With Suryoday SFB To Offer Sweep Account Facility

Category : Economy & Banking

  Fino Payments Bank (FPB) has announced the launch of a sweep account facility in association with Suryoday Small Finance Bank (SSFB). This partnership will help FPB address the issue of deposit limits that all the payment banks face at the moment. As per the Reserve Bank of India (RBI), payment banks can only take deposits upto Rs1 lakh per account. However the partnership would allow customers to seamlessly transfer the excess amount from their account in FPB to SSFB (partner bank) account.
Source- The Hindu Business Line



LIMITED OFFER HURRY UP! OFFER AVAILABLE ON ALL MATERIAL TILL TODAY ONLY!

You need to login to perform this action.
You will be redirected in 3 sec spinner

Free
Videos