Fino Payments Bank launches “Jan BachatKhata”

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.

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About Neo-Bank:

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.

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