Fino Payment Bank is a modern digital bank in India that offers various banking services. To open an account, here’s what you need to do:
Visit a Branch or Agent:
Go to a Fino Payment Bank branch or their agent. You can find the nearest one on their website or by calling customer care.
Bring Required Documents:
Make sure to carry identification documents like Aadhaar card, PAN card, passport, etc.
Fill out a Form:
When you’re at the branch, complete an account opening form with your details like name and address.
Submit Documents:
Hand over your identification documents along with the form. They’ll check your papers.
Biometric Verification:
You may need to provide biometric data, like fingerprints or an iris scan.
Choose Account Type:
Select the type of account you want, whether it’s a savings account, current account, or something else.
Nominate Someone:
If you like, you can pick a nominee by providing their name and address.
Get a Welcome Kit:
After your account is set up, they’ll give you a welcome kit with your account info and a debit card.
Activate Debit Card:
Follow the instructions in the kit to activate your debit card.
Start Banking:
You can now use your Fino Payment Bank account for deposits, withdrawals, transfers, and other banking needs.
OPENING A ZERO BALANCE ACCOUNT ONLINE
Fino Payment Bank lets you open an account with no minimum balance online. Here’s how:
Visit their Website or App: Go to their website or get their mobile app.
Start the Process: Click on “Open Account” on the main page.
Choose Your Account: Pick whether you want a Savings Account or Basic Savings Bank Deposit Account (BSBDA) and click “Apply Now.”
Verify Your Mobile: Enter your mobile number and verify it with an OTP sent to your phone.
Provide Aadhaar and PAN: Add your Aadhaar and PAN numbers. If you don’t have a PAN card, use the ‘Form 60’ option.
Complete the Form: Fill in your personal details like your name, address, and date of birth.
Upload Documents: Include your Aadhaar card, PAN card, and a recent passport size photo.
Review and Submit: Look over your application and submit it.
Video KYC Session: A Fino Payment Bank representative will arrange a video KYC session.
Finish Video KYC: During the session, provide extra info and go through biometric verification.
Confirmation: Once video KYC is done, your zero balance account will be ready, and you’ll get SMS and email confirmations.
Access Account Info: Get your account details, debit card info, and other data from the Fino Payment Bank website or mobile app.
FINO PAYMENT BANK ACCOUNT OPENING CHARGES
Fino Payment Bank offers various accounts, each with its charges. Here’s a quick look:
Account Opening Fee: Typically, Fino Payment Bank charges a onetime fee, which is around Rs. 349 for savings and current accounts. The cost might vary based on the type of account.
Minimum Balance: To keep your account, you must have a minimum balance. Not keeping this balance might result in penalties.
Debit Card Fees: They may charge a fee for issuing or replacing a debit card.
Transaction Costs: Some transactions like cash withdrawals or fund transfers might have fees.
Service Charges: Fino Payment Bank may charge a fee for maintaining your account or providing other services.
ALSO READ: SURYODAY SMALL FINANCE BANK FD RATES
DOCUMENTS NEEDED FOR ACCOUNT OPENING
To open an account with Fino Payment Bank, you’ll need these documents:
Identification Proof:
You can use one of these: Aadhaar card, PAN card, voter ID card, passport, driving license, or NREGA Job Card.
Address Proof:
Choose from: Aadhaar card, voter ID card, passport, driving license, utility bills, bank statement, ration card, or similar.
Photo:
Have a recent passport size photo for account opening.
Video Credit: Bestan Guide
Make sure to take the original copies of these documents when visiting a Fino Payment Bank branch or agent for account opening. They will check them and give them back once verified.