Freo Save - Mobile Banking
Freo Save account holders do not need to visit a physical branch
Welcome to Freo Save - a savings account like no other, in partnership with Equitas Small Finance Bank. Freo Save is a 100% digital savings account and it takes only 2-3 minutes to open an account. A zero-balance savings account, Freo Save lets you unlock access to shopping & credit products in your savings journey.
With Freo Save, you spend smart and save smarter. To give you the best savings account experience, you get an interest rate of up to 7% on your savings.*
Let’s put it this way, you earn more interest on your Freo Save savings account than your Fixed Deposits*. To give you an example,
Savings Amount: ₹4,00,000
Other Banks Annual FD Returns @5%: ₹4,20,378
Freo Save Annual Returns @6%: ₹4,21,632
Savings Amount: ₹6,00,000
Other Banks Annual FD Returns @5%: ₹6,30,567
Freo Save Annual Returns @7%: ₹6,35,217
Let’s break down the interest slabs for you.
→ 3.50% - Up to ₹ 1 lakh
→ 6.00% - Above ₹ 1 lakh and up to ₹ 5 lakhs
→ 7.00% - Above ₹ 5 lakhs and up to ₹ 2 crores
→ 5.50% - Above ₹ 2 crores
Interest will be calculated on the daily closing balance of the account.
Interest will be paid on a quarterly basis by direct credit in the savings account.
Slabs rates are applicable on the incremental amount based on the closing balance.
Freo Save helps with your savings so that you can realize your dreams, with your own digital savings account. A savings account that offers you:
→ An amazing 7% rate of interest*
→ Zero-balance requirement
→ 100% digital banking experience
Freo Save is your trusted neo banking app, which takes you on a guided journey to unlock unmatched benefits like:
Freo Pay: Scan & Pay up to ₹6,000 for your daily needs.
MoneyTap: Credit line of up to ₹5,00,000. Pay interest only on what you use.
We made the process of opening a Freo Save account simple & hassle-free. The process of an opening a bank account comes with loads of inconvenience. With Freo Save, you get an instant account, to kickstart your savings. It’s your ideal mobile neobanking app, that helps you take control of your finances.
Freo Save gives immense priority to the customer’s convenience.
Freo Save account holders do not need to visit a physical branch like in the case of traditional banks. Our digital presence makes it a point that the customer has to undertake little to no extra effort by making every service possible on our app. You can sit in the comfort of your home and avail benefits in an instant. You can still reach us anytime with our customer support available on Whatsapp and email.
As we continue to become more financially aware, we want to carry out our transactions with ease on smartphones. Freo Save is preferred by many, who prefer money management on their mobile phones. Our broad spectrum of financial services is just a tap away for people using their mobile phones. Be it the transfer of funds, shop now, pay later, financial advice, and more – it is available every second of the day on the users’ smartphones.
Freedom starts today with a savings account that lets you do more & dream bigger. So, download the Freo Save app, and join us in the journey to revolutionize personal finance.
Contact us at [email protected] for any queries.
With Freo Save, you spend smart and save smarter. To give you the best savings account experience, you get an interest rate of up to 7% on your savings.*
Let’s put it this way, you earn more interest on your Freo Save savings account than your Fixed Deposits*. To give you an example,
Savings Amount: ₹4,00,000
Other Banks Annual FD Returns @5%: ₹4,20,378
Freo Save Annual Returns @6%: ₹4,21,632
Savings Amount: ₹6,00,000
Other Banks Annual FD Returns @5%: ₹6,30,567
Freo Save Annual Returns @7%: ₹6,35,217
Let’s break down the interest slabs for you.
→ 3.50% - Up to ₹ 1 lakh
→ 6.00% - Above ₹ 1 lakh and up to ₹ 5 lakhs
→ 7.00% - Above ₹ 5 lakhs and up to ₹ 2 crores
→ 5.50% - Above ₹ 2 crores
Interest will be calculated on the daily closing balance of the account.
Interest will be paid on a quarterly basis by direct credit in the savings account.
Slabs rates are applicable on the incremental amount based on the closing balance.
Freo Save helps with your savings so that you can realize your dreams, with your own digital savings account. A savings account that offers you:
→ An amazing 7% rate of interest*
→ Zero-balance requirement
→ 100% digital banking experience
Freo Save is your trusted neo banking app, which takes you on a guided journey to unlock unmatched benefits like:
Freo Pay: Scan & Pay up to ₹6,000 for your daily needs.
MoneyTap: Credit line of up to ₹5,00,000. Pay interest only on what you use.
We made the process of opening a Freo Save account simple & hassle-free. The process of an opening a bank account comes with loads of inconvenience. With Freo Save, you get an instant account, to kickstart your savings. It’s your ideal mobile neobanking app, that helps you take control of your finances.
Freo Save gives immense priority to the customer’s convenience.
Freo Save account holders do not need to visit a physical branch like in the case of traditional banks. Our digital presence makes it a point that the customer has to undertake little to no extra effort by making every service possible on our app. You can sit in the comfort of your home and avail benefits in an instant. You can still reach us anytime with our customer support available on Whatsapp and email.
As we continue to become more financially aware, we want to carry out our transactions with ease on smartphones. Freo Save is preferred by many, who prefer money management on their mobile phones. Our broad spectrum of financial services is just a tap away for people using their mobile phones. Be it the transfer of funds, shop now, pay later, financial advice, and more – it is available every second of the day on the users’ smartphones.
Freedom starts today with a savings account that lets you do more & dream bigger. So, download the Freo Save app, and join us in the journey to revolutionize personal finance.
Contact us at [email protected] for any queries.
