[Query] Slice Savings Account - Safe?

[sahil1033]

I'm thinking to open a savings account with Slice.

I've a few queries though :

1. Is there any limitation on which city does it cover or I can open from any city? City in question is Patna, shouldn't be a problem but if it is a problem, I can open when I'll go back to Pune but then again the issue could be that Aadhaar has address of Patna residence, so, I want to open here only if there's no issue of coverage for opening an account.

2. I've heard from a few people on the forum about account freeze. What's the experience on this? Since there's no branch of this bank, it would be really difficult to unfreeze the account. But my usage would be very simple, I'll park around Rs. 4.99L and whenever the amount crosses Rs. 5L, I'll transfer any amount above Rs. 4.99L to any other savings account. That's it. No other banking transaction would take place in it and if any freeze happens on these type of transactions too, then it's it would be a dealbreaker for me.

Rest, getting a virtual debit card would ensure I can seamlessly setup UPI PIN and that's all I need from this account.

If there's any hidden T&Cs, please let me know. I even checked on DICGC's website and it covers Slice Small Finance Bank, hoping it's the same bank and not anything else.

Any other suggestion/input, please go ahead. Planning to open this as soon as possible.

 

[panchabhut]

Digital acct can be opened from anywhere in India. After taking over North East SFB, it is now a bank and covered upto 5 L. Normally freeze happens if there is any sudden unnatural activity. So build up the balance gradually, and keep withdrawing some also, to keep the flow.

 

[Dashanan]

Yes can be opened from anywhere.. if incase you face issue then use mock location technique.

Is there any limitation on which city does it cover or I can open from any city

I've heard from a few people on the forum about account freeze

Mostly it is credit freeze, you will still be able to transfer your money to another account.. put your income higher to avoid this.

I'll transfer any amount above Rs. 4.99L to any other savings account.

Then you will have to do this every few weeks because of daily interest credit. Keep 4.90L to reduce such self transfers. No issues but still why do extra work.

would ensure I can seamlessly setup UPI PIN

Use slice app itself no need of upi pin and any other app

 

[Raaghul]

1. You can open account from anywhere

2. I have done Initial funding of 5l just to get the credit card. Have not had any problem of freeze despite transferring funds back and forth.


In case, if you are planning to open an slice savings account, DM me for referral.

I'm thinking to open a savings account with Slice.

I've a few queries though :

1. Is there any limitation on which city does it cover or I can open from any city? City in question is Patna, shouldn't be a problem but if it is a problem, I can open when I'll go back to Pune but then again the issue could be that Aadhaar has address of Patna residence, so, I want to open here only if there's no issue of coverage for opening an account.

2. I've heard from a few people on the forum about account freeze. What's the experience on this? Since there's no branch of this bank, it would be really difficult to unfreeze the account. But my usage would be very simple, I'll park around Rs. 4.99L and whenever the amount crosses Rs. 5L, I'll transfer any amount above Rs. 4.99L to any other savings account. That's it. No other banking transaction would take place in it and if any freeze happens on these type of transactions too, then it's it would be a dealbreaker for me.

Rest, getting a virtual debit card would ensure I can seamlessly setup UPI PIN and that's all I need from this account.

If there's any hidden T&Cs, please let me know. I even checked on DICGC's website and it covers Slice Small Finance Bank, hoping it's the same bank and not anything else.

Any other suggestion/input, please go ahead. Planning to open this as soon as possible.

 

[Dashanan]

if you are planning to open an slice savings account, DM me for referral.

Aap late ho gaye
Hum pehle hi bhej diye @sahil1033 ko DM me
First come first serve 😂

 

[sahil1033]

UPDATE (9-Nov-2025) :

Opened Slice Savings Account a few days back. It's only for parking some liquid money and occasional transfers to my accounts only ... no paying via UPI at merchants, no credit card bill payments via debit card.

Hoping it behaves well and I can make good use of this account.

Usually daily interest is credited somewhere around 1:18 - 1:20 AM IST.

 

[thegame]

just have the limit of all accounts ie savings+fd under 5L to be on safer side

Slice SFB reports 38% jump in net loss to Rs 216 crore

MSN

 

[sahil1033]

just have the limit of all accounts ie savings+fd under 5L to be on safer side

Slice SFB reports 38% jump in net loss to Rs 216 crore

MSN

Yes, keeping balance only in savings account ... that too below Rs. 5L at all times no matter what

If and when I keep FD with them, will make sure that maturity amount (principal + interest) + savings account balance doesn't break Rs. 5L mark at any point.

 

[Dr.AMAN]

just have the limit of all accounts ie savings+fd under 5L to be on safer side

Slice SFB reports 38% jump in net loss to Rs 216 crore

MSN

That is just due to increased provisions for bad loans inherited from NESFB. Their revenue has increased

 

[Ankit765v]

I'm thinking to open a savings account with Slice.

I've a few queries though :

1. Is there any limitation on which city does it cover or I can open from any city? City in question is Patna, shouldn't be a problem but if it is a problem, I can open when I'll go back to Pune but then again the issue could be that Aadhaar has address of Patna residence, so, I want to open here only if there's no issue of coverage for opening an account.

2. I've heard from a few people on the forum about account freeze. What's the experience on this? Since there's no branch of this bank, it would be really difficult to unfreeze the account. But my usage would be very simple, I'll park around Rs. 4.99L and whenever the amount crosses Rs. 5L, I'll transfer any amount above Rs. 4.99L to any other savings account. That's it. No other banking transaction would take place in it and if any freeze happens on these type of transactions too, then it's it would be a dealbreaker for me.

Rest, getting a virtual debit card would ensure I can seamlessly setup UPI PIN and that's all I need from this account.

If there's any hidden T&Cs, please let me know. I even checked on DICGC's website and it covers Slice Small Finance Bank, hoping it's the same bank and not anything else.

Any other suggestion/input, please go ahead. Planning to open this as soon as possible.

Same Yahi Mujhe bhi Fd karna Hai 5L Please suggest it's safe

 

[Dr.AMAN]

Same Yahi Mujhe bhi Fd karna Hai 5L Please suggest it's safe

It is perfectly safe upto 5L. The bank is new so they might take some time to become profitable. But their Gross and net NPAs have come down. Doesnt look like the bank is going to go bankrupt any time soon. It is hardly 1 year old bank. Even IDFC First was posting losses during their initial 2 years in 2018-19. Look at where they have reached today. With RBI Repo rate at all time low, there cant be a better bank for fd as other banks r giving pathetically low interest rates. The best part of 5L fd is u will qualify for 3% CB after ur spends in the Slice CC crosses 5L.

 

[sahil1033]

Same Yahi Mujhe bhi Fd karna Hai 5L Please suggest it's safe

I've opened the account and using it for parking liquid money, haven't booked any FD with them yet but keep Rs. 5L max. including principal and interest at any given point of time.

 

[Ankit765v]

I've opened the account and using it for parking liquid money, haven't booked any FD with them yet but keep Rs. 5L max. including principal and interest at any given point of time.

Bro How much interest you get per day Please share screenshot And App experience

 

[aishwarya]

Bro How much interest you get per day Please share screenshot And App experience

Daily interest rates in savings is 5.5% currently (100% of RBI repo rate).
FD highest interest rate in Slice sfb is 7.75% currently

 

[sahil1033]

Bro How much interest you get per day Please share screenshot And App experience

current rate of interest is 5.5%

so, for daily calculation, if X is amount in your account at the end of the day, formula for calculating daily interest would be (5.5/36500)*X and round it off to 2 decimal digits = your daily interest amount

That amount gets credited daily between 1:15 AM - 1:30 AM

About app experience, I've only credited amount once and it stays unused since then ... so, can't comment upon app experience in detail

 

[hender]

Bro How much interest you get per day Please share screenshot And App experience

In Simple terms, per 1 lakh @5.5 % fetching ₹15.06 interest per day !!

 

[Ankit765v]

In Simple terms, per 1 lakh @5.5 % fetching ₹15.06 interest per day !!

Yes brother Aaj Mai Account open Kar liya hu Ab check karta hu

 

[Arnal07]

I have a good experience with slice savings ac.I made a 5L fd and get 3670/3792rs per 30/31days month.I also got slice rupay cc with 80k limit without any documents.

 

[sahil1033]

I have a good experience with slice savings ac.I made a 5L fd and get 3670/3792rs per 30/31days month.I also got slice rupay cc with 80k limit without any documents.

at what rate did you book the FD ?? and is it monthly interest payout ??

 

[hender]

at what rate did you book the FD ?? and is it monthly interest payout ??

around 9% PA + Y e s