Slice Small Finance Bank: In today’s economic age, everyone wants to earn big money. If you want to use your bank account as a source of income, a great option has emerged. You can open an account with Slice Small Finance Bank.
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Slice Small Finance Bank: To keep their money safe, people open bank accounts and deposit them there. Banks open many types of accounts. One of these is a savings account. Deposits in a savings account provide returns at a fixed interest rate. This is why it is called a savings account, because the money deposited in this account also generates income. Similarly, Slice Small Finance Bank is offering bumper returns on savings accounts to its customers.
Typically, banks offer returns of 2 to 3 percent on their savings accounts. Meanwhile, opening a savings account with Slice Small Finance Bank can help earn good income. The bank is offering its customers the benefit of interest equal to the repo rate on savings accounts.
Slice Small Finance Bank Savings Account
According to a report in the Economic Times, Slice Small Finance Bank offers a 5.25 percent annual interest rate on savings accounts. This 5.25 percent interest rate is significantly higher than other banks. Significantly, this savings account has no minimum balance requirement. Furthermore, there are no maintenance charges or penalties. Interest is calculated on a daily basis, and interest is credited to the account every day. Overall, the interest rate is equivalent to 100% of the RBI repo rate.
How much will you earn?
Whether you have ₹100 or ₹10 lakh in your account, each amount earns the same interest. This provides the benefit of compounding, meaning your money grows faster. For example, if you have ₹1 lakh in your account, at an annual interest rate of 5.25%, you’ll receive approximately ₹14 in interest each day. This adds up to a substantial amount over a year.
The bank was formed through the merger of North East SFB.
North East Small Finance Bank (NESFB) has been renamed Slice Small Finance Bank (Slice SFB). This change follows the merger with fintech company Slice. The RBI officially validated this through a notification dated May 21, 2025.
How to open a bank account?
1. Opening a Slice savings account is very easy.
2. Download the Slice app from the Google Play Store or Apple App Store.
3. Open the app and select the savings account opening option.
4. Upload the required documents, such as Aadhaar and PAN.
5. Complete the video KYC (video verification). This takes a few minutes.
6. Your account is now activated. In just a few minutes, you can start depositing money into your account and earning daily interest.
