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Slice Wallet Upgrade To Savings Account

Switch off location and then try. If you get prompt for location, it means you need to be present at the given address.
Some of them only see that whether he is India resident, by taking location permission. So, all of them don't cross check with the filled correspondence address.
 
update:
Location ki zarurat nhi hai
bas pancard dekh raha aur instantly open ho gaya😂😂
Can confirm: My wife did VKYC, PAN was clicked and basic info obviously. He did ask "where are you located right now?" (which was diff ofc) but thats about it. completed successfully. I had a similar experience with Fi Money, HDFC amd ICICI vKYC.

Only PSU banks tend to make a fuss about it. (in my experience)
 
Slice has introduced a new feature allowing selected users to upgrade their Slice Wallet into a Savings Bank Account.This move follows its merger with North East Small Finance Bank.



Key Features of the Upgraded Savings Account

  1. Zero Balance Account
    • You won’t need to maintain a minimum balance in this account.
    • There are also no Annual Maintenance Charges (AMC), making it a free-to-maintain account.
  2. 6.5% p.a. Interest Rate
    • A flat 6.5% annual interest rate, which is quite attractive compared to the 3-4% most savings accounts offer.
    • Interest is credited daily.
  3. No Charges (for now)
    • As of now, there are no account opening fees or hidden charges.
  4. Virtual Debit Card
    • Users will be issued a virtual debit card for online transactions.
    • No physical debit card is being offered yet.
  5. Cheque Book on Request
    • A cheque book is not issued automatically but can be provided upon request.


Important Note: Slice Wallet Will Be Closed

Once you upgrade your Slice Wallet to the Savings Account, your Slice Wallet will be permanently closed. This is an irreversible process.



Who Can Upgrade?

The upgrade is not available to everyone. It’s currently being offered to selected users based on Slice’s internal criteria. If you’ve received the option, you’ll see it in your Slice app.



Why This Upgrade Could Be a Good Move:

  • A higher interest rate compared to most savings accounts.
  • A truly zero-balance account with no hidden fees (as of now).
  • Daily interest payouts, which could maximize your savings.


Important Links:
You missed one feature I think. You can do fixed deposit at attractive rates guaranteed by DICGC.
 
Can confirm: My wife did VKYC, PAN was clicked and basic info obviously. He did ask "where are you located right now?" (which was diff ofc) but thats about it. completed successfully. I had a similar experience with Fi Money, HDFC amd ICICI vKYC.

Only PSU banks tend to make a fuss about it. (in my experience)
Yess
bank of baroda made me suffer so much for that. In the end had to open the account from branch
 
I am thrilled to share that I opened a Slice Bank account today! The entire process took less than 10 minutes. It started with Aadhar KYC, followed by Video KYC, where I was asked to verify a number displayed on the screen. Then, I took a photo of my PAN card and took a selfie. And, just 10 minutes later, my account was successfully opened! 😀
 

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I thought the upgrade was being pushed to old Slice customers however my Wife's account (less than one month old) got this upgrade. So may be it's a phased rollout without any obvious pattern.
 
Anyone here using slice borrow ? After slice borrow account created they will create new loan account in our cibil report, or only if i withdraw the money they will create the loan account ?
 
I am thrilled to share that I opened a Slice Bank account today! The entire process took less than 10 minutes. It started with Aadhar KYC, followed by Video KYC, where I was asked to verify a number displayed on the screen. Then, I took a photo of my PAN card and took a selfie. And, just 10 minutes later, my account was successfully opened! 😀
What was so thrilling?
 
I'd like to ask those of you who use the slice bank account how easy it is to use compared to other services.
I'd like to hear about the user experience, as well as things like interest rates and other features.

And I wonder if other users are switching to this slice bank account...

I can't open a slice bank account at the moment due to circumstances, so I'd like to hear your opinions on this.
 
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