How to Open Fino Payment Bank Zero Balance Account Online

Fino Payment Bank has gained popularity among customers as a preferred option for opening zero balance savings accounts due to its hassle-free procedures and flexible options to suit all needs. This blog aims to provide all important details regarding opening an account with Fino Bank in a simplified manner. It covers key aspects like types of accounts, online and offline opening procedures, interest rates, fee structure and eligibility to help customers make informed choices.

Key Highlights

• You can open a Fino Payment Bank zero balance account through online or offline modes
• Enjoy competitive interest rates ranging from 2.5% to 5% per annum.
• Minimal documentation with simple KYC requirements for account opening.
• Access debit card, passbook, cheque book (selected accounts) and digital banking facilities.
• Low fees, free withdrawals (as per account type), and easy fund transfers.
• Dedicated customer support and helpline assistance for smooth banking operations.

How to Open Fino Payment Bank Zero Balance Account Online?

Opening a zero balance account with Fino Payment Bank online is very simple and convenient. Just follow a few steps:

• Visit the official website of Fino Bank or download the mobile app. Click on 'Open an Account' option. Enter basic details like name, date of birth etc. Upload photo and address proof.
• Provide your mobile number for verification. An OTP will be sent to register your number. Enter the received OTP.
• Choose the type of account you want to open like Basic Savings, Smart Savings etc. depending on your needs.
• Review all the details and accept online terms and conditions. Your account will be instantly opened. Login details will be sent to your registered mobile number.

How to Open Fino Payment Bank Zero Balance Account Offline?

For customers who prefer opening a bank account offline without internet, Fino Payment Bank provides easy options are:

• Visit the nearest Fino Bank branch
• Carry valid KYC documents like address and identity proof
• An authorized representative will help with account opening
• Fill a simple one page account opening form
• Provide basic details and submit documents
• Choose type of account like Basic Savings, Smart Savings etc.
• Official will verify your details and photos
• Your account will be instantly opened offline
• Receive Internet banking login credentials on the spot
• You can now conduct transactions from the branch itself
• Offline opening is easy and quick for those without internet access

Fino Payment Bank Zero Balance Account Interest Rates

The interest rates offered on zero balance savings accounts is an important factor for customers. Fino Bank offers competitive interest rates depending on the type of account.

• Basic Savings Account – 2.5% per annum
• Smart Savings Account - 3% per annum
• Prime Savings Account - 5% per annum

Fees and charges of Fino Payment Bank Zero Balance Account

Besides offering zero balance accounts with low minimum requirements, Fino Bank also keeps fees and charges minimum for basic banking services.

• 3 free cash withdrawals per month from Basic Savings account. ₹20 per extra withdrawal.
• No charge on deposits, never-expired debit card, inter-account transfers.
• Cheque book of 10 leaves issued free once a year. Replacement attracts ₹50 charge.
• Stop-payment instructions charged ₹100 per request.
• Account closure within 6 months incurs ₹100 charge.

Types of Fino Payment Bank Zero Balance Account

Fino Payment Bank offers various types of zero balance accounts to suit different customer needs. The main types are:

1. Basic Savings Account

• No minimum balance required
• Unlimited deposits
• Monthly 3 withdrawals free, Rs 20 per extra withdrawal
• No cheque book facility

2. Smart Savings Account

• Targeted for regular banking customers
• Rs 1000 minimum balance
• 5 free withdrawals per month, Rs 20 per extra withdrawal
• Cheque book facility available

3. Prime Savings Account

• For high value banking customers
• Rs 10000 minimum balance
• Unlimited free withdrawals
• Debit card on request
• Other value added services

Eligibility Criteria to Fino Payment Bank Zero Balance Account Opening

Opening a zero balance account with Fino Bank is very simple with minimum eligibility criteria. Any individual who is a resident of India having valid identity and address proof can open an account.

• Minimum age to open all accounts is 18 years
• No maximum age limit set
• Both Indian citizens and Non Resident Indians can open
• Employees can open salary accounts
• PAN/Aadhaar card mandatory for high value accounts
• Customers need to submit basic KYC documents

Documents Required to Open Fino Payment Bank Zero Balance Account

Opening an account with Fino Bank is simple and convenient with minimum documentation requirements. The basic documents needed are:

• Address proof like Aadhaar/Voter ID card/Passport/Ration Card
• One passport size photograph
• PAN (Permanent Account Number) card for high value accounts
• Identity proof like Aadhaar/PAN/Voter ID card/Driving License
• Cancelled cheque of existing bank (if opening salary account)
• Income proof for high value accounts

Fino Payment Bank Zero Balance Account Welcome Kit

After successfully opening an account, Fino Bank provides a useful welcome kit to new customers. This kit contains important details to help customers start banking right away.

• Debit Card issued on the spot or shipped later for online openings
• PIN number for debit card enclosed securely
• Passbook for keeping transaction records
• Cheque book (if applied for standard account)
• Terms and Conditions booklet
• Customer care contact details

Fino Payment Bank Zero Balance Account Helpline

Fino Payment Bank offers a basic 'zero balance' savings account to customers without any requirement of minimum balance. This allows users to open an account and perform basic banking transactions very conveniently. However, sometimes customers may face issues in using account features or need assistance regarding account operations. For such requirements, Fino Payment Bank has a dedicated helpline support team.

The helpline can be contacted for any queries or issues related to account opening, deposits, withdrawals, balance check, statement requests, online fund transfer etc. Customers with problems can call on the toll free number 022 6868 1414 (from 9 am to 7 pm) or send an email to . The helpline executives will strive to resolve issues at the earliest.

Fino Payment Bank Head Office is located at Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai - 400 706.

Conclusion

Fino Payment Bank offers a simple, affordable and convenient banking experience for all customers with its zero balance savings accounts. Be it opening the account online or offline or choosing from different account types, customers have complete flexibility. The low minimum balance feature along with incentives like higher interest rates and fewer charges makes Fino Bank an ideal choice for budget-conscious customers to park their savings and reap benefits.

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