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‘Bhavishya’ Saving Account—By Fino Payments Bank Ltd

Published on July 09, 2020
Current Context: Fino Payments Bank Limited has launched ‘Bhavishya’ Saving Account.
‘Bhavishya’ Saving Account—By Fino Payments Bank Ltd
  • The ‘Bhavishya’ Saving Account is launched for the minors who are in between the age group of 10-18 years. 
  • This saving account is launched with an aim to inculcate banking and saving habits in children.
  • The account can be opened via Electronic Know Your Customer (e-KYC) mode with no requirement of maintaining a minimum monthly average balance.
  • Also on opening the account, a free platinum RuPay Debit card is given.
  • The minors are supposed to have mobile number for security purpose. When the minor becomes 18 years old, the account will get upgraded to a regular saving account after submission of Re-KYC details.
  • The maximum limit for account is Rs 50,000. Also the account can be utilised to take benefit of various government schemes for children.
  • Static Part: 
    • HQ of Fino Payments Bank Ltd : Mumbai
    • MD and CEO of Fino Payments Bank Ltd: Rishi Gupta


Q.1 Which of the following payment bank launched ‘Bhavishya’ Saving Account for minors?
a. Airtel Payment Bank
b. Paytm Payments Bank
c. Jio Payments Bank
d. Fino Payments Bank Ltd
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