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The process of opening new Digital Savings Bank Accounts has been temporarily stopped by the India Post Payments Bank. According to a press release from IPPB on May 18, the opening of new Digital Savings Accounts has been temporarily suspended. ** Key Features and Benefits of the New Digital Savings Account: Quick and effortless self-registration process without any paperwork. Important …
Fintech platforms, which sometimes refer to themselves as neobanks, are increasingly making inroads into the Indian market. These firms provide services such as savings accounts, instant loans, credit cards, mutual funds and fixed deposits. In addition, the tie-ups of neobanks with small banks also allow them to offer higher interest rates on savings accounts. A single neobank can tie up …