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Fino Payments Bank
RBI payments bank. DICGC. Navi Mumbai. Merchant-plus-app. Not a universal bank.
Legal entity: Fino Payments Bank Limited
Rate this app
6.5Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Payments bank — Fino Payments Bank Limited (Reserve Bank of India). Still read the entity on the statement.
If it fails?
Fino Payments Bank Limited is an RBI payments bank. DICGC lists Fino Payment Bank Ltd. Eligible deposits follow DICGC up to Rs 5 lakh per depositor per bank. Payments-bank end-of-day balance limits still apply — read the live T&Cs. Merchant-point KYC is distribution, not a second licence.
Salary?
Payments-bank limits still apply. Many payrolls want a commercial bank. Confirm.
Open from abroad?
Indian Aadhaar + PAN. Merchant-assisted KYC is the upgrade path.
Monthly fee
Confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
6.5
/10 · Mixed
Fino Payments Bank Limited, registered at Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai 400 706. RBI payments bank. DICGC lists Fino Payment Bank Ltd. Their own FAQ: PAN is mandatory; a minimum-KYC (Aadhaar OTP) account must be upgraded within a year or it is closed. That sentence is the onboarding review. Airtel Payments Bank and IPPB are the peer files. Jupiter and Fi sit at partner commercial banks and can look more like a salary home. Use Fino as a payments bank with a shop network. Do not leave a min-KYC balance sitting.
What it is
Fino’s edge is Bharat retail points, not a pink card. The licence class is still payments bank.
Best for: Indian users who will actually complete full KYC at a Fino merchant, not a minimum-KYC leftover.
Last checked 2026-09-03. Not advice.
What it does well
- +Named RBI payments bank
- +DICGC listed
- +Dense merchant network outside metros
- +Honest upgrade-from-min-KYC copy on the FAQ
What to watch
- −Minimum-KYC accounts auto-close if not upgraded (their FAQ)
- −Payments-bank deposit-size limit
- −Not a lender
- −PAN is mandatory on their FAQ
Legal entity, not the app icon
Who is behind it
- Legal name
- Fino Payments Bank Limited
- Offices
- Mindspace Juinagar, Plot No Gen 2/1/F, Tower 1, 8th Floor, TTC Industrial Area, MIDC Shirwane, Juinagar, Navi Mumbai 400 706
The product, not the brand colour
The account
- Platforms
- iOS · Android · merchant points
- Account types
- FinoPay savings (min-KYC and full-KYC)
- Partner bank
- Fino Payments Bank Limited
- Availability
- India
- Remote open
- Indian Aadhaar + PAN. Merchant-assisted KYC is the upgrade path.
- Onboarding
- App with Aadhaar OTP, then upgrade via app or nearest merchant within a year (their FAQ).
- KYC documents
- Aadhaar-linked mobile + PAN. Full KYC at a merchant if you want the account to last.
- Salary / payroll
- Payments-bank limits still apply. Many payrolls want a commercial bank. Confirm.
- Local rails
- UPI / IMPS on a payments bank
How money actually moves
- Who holds the cash
- Insured bank deposit
- How money moves
- UPI / INR
- Built for
- Personal · Business
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Google Pay
Licence first
Safety
Fino Payments Bank Limited is an RBI payments bank. DICGC lists Fino Payment Bank Ltd. Eligible deposits follow DICGC up to Rs 5 lakh per depositor per bank. Payments-bank end-of-day balance limits still apply — read the live T&Cs. Merchant-point KYC is distribution, not a second licence.
Holder / issuer: Fino Payments Bank Limited
- Reserve Bank of IndiaPayments bank — Fino Payments Bank Limited · India
Fees
- Monthly
- Confirm live
- FX markup
- Not a travel-FX product
- ATM
- Confirm live
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- –Halal
- RBI payments bank
- DICGC member
- FinoPay savings + merchant points
- Aadhaar OTP minimum KYC with upgrade path
- Insurance distribution SKU
Before you tap Sign up
How to open
Step 1
Name the bank
Fino Payments Bank Limited. RBI payments bank. DICGC.
Step 2
Do not stop at OTP KYC
Their FAQ: upgrade within a year or the min-KYC account is closed. PAN is mandatory.
Step 3
Use a merchant point if the app stalls
That network is the product.
Official help: www.fino.bank.in/support/contact-us
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 7.4
- Fees20%
- 7.6
- Features15%
- 7.0
- App15%
- 7.2
- Global15%
- 2.2
- Support10%
- 7.0
Change log
Full logSafety
Fino Payments Bank Limited is DICGC-listed
RBI payments bank. Navi Mumbai registered office on their contact page. Min-KYC accounts must be upgraded within a year on their FAQ.
Available in
Straight answers
FAQ
01Is Fino Payments Bank a bank?
Fino Payments Bank holds a banking-style licence (Reserve Bank of India). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Fino Payments Bank Limited is an RBI payments bank. DICGC lists Fino Payment Bank Ltd. Eligible deposits follow DICGC up to Rs 5 lakh per depositor per bank. Payments-bank end-of-day balance limits still apply — read the live T&Cs. Merchant-point KYC is distribution, not a second licence.
03Where is Fino Payments Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Fino Payments Bank.
04Card and wallets?
visa · physical · virtual · Google Pay
05Can I open Fino Payments Bank remotely?
Indian Aadhaar + PAN. Merchant-assisted KYC is the upgrade path.
06What is the legal name behind Fino Payments Bank?
Fino Payments Bank Limited. Read the entity on the statement, not the app icon.
07Can I receive salary on Fino Payments Bank?
Payments-bank limits still apply. Many payrolls want a commercial bank. Confirm.
08What documents does Fino Payments Bank ask for?
Aadhaar-linked mobile + PAN. Full KYC at a merchant if you want the account to last.
09Will a Fino min-KYC account last?
Not if you skip the upgrade. Official FAQ: upgrade within a year or the account is closed automatically.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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