Slice Bank Disrupts Savings: Daily Interest at Full RBI Repo Rate, No Minimum Balance
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News18•06-01-2026, 17:14
Slice Bank Disrupts Savings: Daily Interest at Full RBI Repo Rate, No Minimum Balance
- •Slice Small Finance Bank launched a savings account offering interest directly linked to the RBI repo rate.
- •Customers currently earn 5.25% p.a., with interest calculated and credited daily for faster compounding.
- •The account features zero minimum balance requirements and no maintenance charges, unlike many legacy banks.
- •Account opening is fully digital via the Slice mobile app, using Aadhaar, PAN, and video KYC for quick onboarding.
- •Deposits are insured up to Rs 5 lakh per depositor by DICGC, covering principal and interest against bank failure.
Why It Matters: Slice Bank offers a high-interest, no-minimum-balance savings account linked to RBI repo rate with daily credit.
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