Fino Payments Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
Fino Payments Bank suits people in India who want a small easy-access savings balance and quick payments. The monthly fee of INR 423 is the catch, and it puts the account near the wrong end of the 439 ranking on cost.
Key facts
- Best for
- Indian savers who want an easy-access account with a variable rate and reach through banking outlets.
- Monthly fee
- ₹423↗
- Currencies
- 1↗
- Transfer fee
- Service charges levied on all outgoing IMPS transactions↗
- Legal entity
- Fino Payments Bank Ltd↗
- Headquarters
- India↗
- Founded
- 2017↗
- Support channels
- Chat, Phone, Help-centre↗
- Features
- Digital-only
- Official website
- fino.bank.in
Savings
Money transfer
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- The minimum deposit is INR 0, so you can open with nothing
- Payments land Instant, 24x7 (IMPS), which suits everyday spending and salary receipts
- The account is easy access, so savings stay reachable without a fixed term
Cons
- The monthly fee of INR 423 is well above the €0 charged across the site
- Service charges levied on all outgoing IMPS transactions means moving money out is not cost free
- A single currency in 1 leaves anyone holding several currencies underserved
Who it suits
- Anyone in India saving a modest balance and spending it often
- People who prefer banking outlets alongside app and WhatsApp banking
- Shop workers and small traders paid into an account by bank transfer
Who should look elsewhere
- Anyone who wants a no-fee everyday account, where Varo Visa Debit Card charges $0
- Bit2Me, which also lists €0 and suits people who want several currencies
- Crezu ES at €0 for anyone who want to hold money in more than one currency
Fees and FX
The FinoPay digital savings account carries a monthly fee of INR 423, which is far above the €0 typical across the site. Transfers are not free either: Service charges levied on all outgoing IMPS transactions. There is no minimum balance to meet, since the minimum deposit is INR 0. Interest runs 1.5% to 4.5% and is variable, so the rate can move as the bank changes it.
How Fino Payments Bank compares
8.4 vs 8.7
8.4 vs 8.6
8.4 vs 8.0
8.4 vs 8.9
8.4 vs 9.1
8.4 vs 9.2
8.4 vs 8.7
8.4 vs 8.7
8.4 vs 8.7
8.4 vs 9.0
8.4 vs 8.7
8.4 vs 9.5
8.4 vs 9.4
8.4 vs 9.3
8.4 vs 9.2
8.4 vs 9.2
8.4 vs 9.2
8.4 vs 9.2
8.4 vs 9.2
8.4 vs 9.2
8.4 vs 9.1
8.4 vs 9.0
8.4 vs 9.0
8.4 vs 8.9
8.4 vs 8.9- 8.4 vs 8.9
8.4 vs 8.7
8.4 vs 8.5
8.4 vs 8.5
8.4 vs 8.5
8.4 vs 8.4
8.4 vs 8.3
8.4 vs 8.2
8.4 vs 8.1- 8.4 vs 8.1
8.4 vs 8.0
8.4 vs 8.0
8.4 vs 8.0
8.4 vs 9.1
Where Fino Payments Bank is available
- Available
- India
- Licence in India
- Reserve Bank of India, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Fino Payments Bank charge each month?+
The FinoPay digital savings account has a monthly fee of INR 423. That is well above the €0 most accounts in this group charge, and it puts Fino Payments Bank near the bottom of the 439 ranking on cost. There is no minimum deposit to set against it.
Is there a minimum balance to open the account?+
The minimum deposit is INR 0, so you can start without putting money in first. Savings earn 1.5% to 4.5% at a variable rate, and the account is easy access, so you can reach the money when you need it.
Which regulator supervises the bank?+
Fino Payments Bank Ltd is supervised by the Reserve Bank of India in India. You can bank through the mobile app, WhatsApp banking or net banking, and a wide network of banking outlets serves customers who prefer to deal in person.
How quickly do payments arrive?+
Transfers land Instant, 24x7 (IMPS), so money sent your way is usable straight away rather than waiting a working day. Outgoing payments are not free, though: Service charges levied on all outgoing IMPS transactions applies.
What can I reach for help with?+
Support runs on chat, phone and help centre, so you can call, chat or read the help centre. Banking itself works through the mobile app, WhatsApp banking and net banking, and a wide spread of banking outlets helps if you prefer dealing in person.
How many currencies can I hold?+
The account covers 1 currency, and payouts run to bank. If you hold or receive money in several currencies, this is the clear weak point, since a single-currency account leaves you converting on your own.
Is Fino Payments Bank a good fit for everyday spending?+
Payments arrive Instant, 24x7 (IMPS), which makes the account workable for daily money in and out. The costs run the other way: the monthly fee of INR 423 and Service charges levied on all outgoing IMPS transactions on outgoing transfers add up for anyone moving money often.
Sources
- en.wikipedia.org/wiki/Fino_Payments_Bank checked September 26, 2026
Backs: Founded, Licences
“It was established as a payments bank subsidiary of Fino PayTech Limited and commenced operations on 30 June 2017 after receiving a licence from the Reserve Bank of India”
- fino.bank.in checked September 26, 2026
Backs: Support channels
“All banking services just a WhatsApp chat away ... Take advantage of our customer service effortlessly, Speak with Us 1800 268 1000 (Knowledge Base in main navigation)”
- fino.bank.in/customer-care-frequently-asked-questions checked September 26, 2026
Backs: Delivery time, Payout methods, Transfer fee
“IMPS stands for Immediate Payment Service. It is an instant interbank electronic fund transfer service, which can be accessed from mobile banking or NetBanking.”
- fino.bank.in/finopay-digital-savings-account checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Monthly fee, Rate type
“Mobile App ... WhatsApp Banking (Chat with us on 8657008036) ... Monthly Account statements sent to your registered email ID”
- fino.bank.in/regulatory/term-and-conditions checked September 26, 2026
Backs: Currencies, Headquarters, Legal entity
“The PPI shall be valid only within the territory of India and for transactions in Indian Rupees only”
- fino.bank.in/savings-account checked September 26, 2026
Backs: Features
“FinoPay Savings Account - Digital savings account for everyday spends”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.
Related by the facts
Fino Payments Bank
Indian savers who want an easy-access account with a variable rate and reach through banking outlets.