Fino Payments Bank has launched Jan BachatKhata (JBK), which is an Aadhaar Authentication based digital savings account that brings neo-banking experience to consumers.
Under the JBK, customers can transact at a Fino branch or merchant point with fingerprint and OTP combination, while at non-Fino points they need Aadhaar authentication. Earlier, Fino Payments Bank had introduced Shubh and Bhavishya, subscription-based savings accounts targeted at specific customer segments.
A bank without any branches. A bank that is entirely online rather than being physical. Neo banking provides complete digital banking experience through mobile applications.
Important takeaways for all competitive exams:
- Chairman of Fino Payments Bank: Prof Mahendra Kumar Chouhan.
- Fino Payments Bank established: 13 July 2006.
- MD & CEO of Fino Payments Bank: Rishi Gupta.
- Headquarters of Fino Payments Bank: Mumbai, Maharashtra.