• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Slice Wallet Upgrade To Savings Account

Apply For Lifetime Free IDFC First Credit Card
Okay so here i will be sharing my experience with slice after merger
Upgraded to saving account a week ago
Process was smooth
Did one FD to check process
Closed the fd and amount was instantly credited back
Have kept a good amount for interest rate

My suggestions to those asking for reliability of this bank
1) you can definetly go for fd upto 5 lac as its covered under DICGC
2) i have kept balance in that account and intrest is credited daily (so its as per your risk tolerance) i can keep a certain amount.
Remember nothing should disturb your sleep!
 
doraemon said:
Okay so here i will be sharing my experience with slice after merger
Upgraded to saving account a week ago
Process was smooth
Did one FD to check process
Closed the fd and amount was instantly credited back
Have kept a good amount for interest rate

My suggestions to those asking for reliability of this bank
1) you can definetly go for fd upto 5 lac as its covered under DICGC
2) i have kept balance in that account and intrest is credited daily (so its as per your risk tolerance) i can keep a certain amount.
Remember nothing should disturb your sleep!
Click to expand...
arey @doraemon bade dino baad...sab bhala changa
 
dvader said:
By RBI not by Slice/NESFB. RBI reduced repo rate. Expect interest reduction by every bank.
Click to expand...

I don't think there is any direct one-to-one correlation, and it was actually NESFB who has reduced it.

Remember, most banks have passed on only about half of the 2.5% Repo rate increase to customers in the recent past (in spite of repeated prodding by the RBI to do more)!

None of my banks have yet responded to the recent decrease in Repo rate in terms of deposit rate reduction, although I was fully expecting it (that is not to say that they won't do it soon, -- just that they have some leeway.

HDFC has even increased some loan rates!
.
 
Is there a way to apply for ASBA IPO's from the Slice Bank account? I apply for BHNI IPO's so this would a good place to keep the funds while they are locked. I know it is a North East Small Finance Bank Account but I am unable to login to the NetBanking account using the provided Customer care id as it says Phone Number not registered with the bank when I try
 
varun__goel_ said:
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. 6.25% p.a. Interest Rate
    • A flat 6.25% 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 Rupay Classic 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:
Click to expand...
Debit card , cheque book and other miscellaneous charges .
 

Attachments

  • Screenshot_2025-02-24-10-52-29-32_4bf0d34070ccf80a44de319ccdcd0b93.webp
    Screenshot_2025-02-24-10-52-29-32_4bf0d34070ccf80a44de319ccdcd0b93.webp
    69.2 KB · Views: 65
  • Screenshot_2025-02-24-10-52-53-85_4bf0d34070ccf80a44de319ccdcd0b93.webp
    Screenshot_2025-02-24-10-52-53-85_4bf0d34070ccf80a44de319ccdcd0b93.webp
    57.2 KB · Views: 65
  • Screenshot_2025-02-24-10-53-03-83_4bf0d34070ccf80a44de319ccdcd0b93.webp
    Screenshot_2025-02-24-10-53-03-83_4bf0d34070ccf80a44de319ccdcd0b93.webp
    64.4 KB · Views: 65
I contacted slice and North East SFB regarding this, and below are their responses .
Pissant said:
Is there a way to apply for ASBA IPO's from the Slice Bank account?
Click to expand...
We would like to inform you that, currently, we do not support IPO mandates via UPI or ASBA on our savings account. However, we are actively working on developing UPI IPO mandates, which are expected to go live in March. Once available, you will be able to use our app to apply for IPOs via UPI.

Pissant said:
I am unable to login to the NetBanking account using the provided Customer care id as it says Phone Number not registered with the bank when I try
Click to expand...
Additionally, please be informed that since you have a digital savings account with slice, you can use it for mobile banking. However, you will not be able to use the direct NESFB mobile banking services with this account.
As slice has merged with North East Small Finance Bank (NESFB), please be informed that all features will soon be directed towards slice in the near future.
 
Raavan said:
I contacted slice and North East SFB regarding this, and below are their responses .

We would like to inform you that, currently, we do not support IPO mandates via UPI or ASBA on our savings account. However, we are actively working on developing UPI IPO mandates, which are expected to go live in March. Once available, you will be able to use our app to apply for IPOs via UPI.


Additionally, please be informed that since you have a digital savings account with slice, you can use it for mobile banking. However, you will not be able to use the direct NESFB mobile banking services with this account.
As slice has merged with North East Small Finance Bank (NESFB), please be informed that all features will soon be directed towards slice in the near future.
Click to expand...
Thank you. Nice to see that they are going to be implementing it in the future
 
Raavan said:
I contacted slice and North East SFB regarding this, and below are their responses .

We would like to inform you that, currently, we do not support IPO mandates via UPI or ASBA on our savings account. However, we are actively working on developing UPI IPO mandates, which are expected to go live in March. Once available, you will be able to use our app to apply for IPOs via UPI.


Additionally, please be informed that since you have a digital savings account with slice, you can use it for mobile banking. However, you will not be able to use the direct NESFB mobile banking services with this account.
As slice has merged with North East Small Finance Bank (NESFB), please be informed that all features will soon be directed towards slice in the near future.
Click to expand...
And there must be some smart guy running the tech show at NESFB. I think he/she is planning to make Slice the official mobile banking of NESFB, if it is realized, it would help them increase their customer base even further.
 
Apply For LTF HDFC Swiggy Credit Card
I have opened slice account. In slice account FAQ it is showing as prepaid instrument with maximum amount as 2 lakhs. So this is not a regular savings account. Right?
 
You must log in or register to reply here.

Similar threads

A
  • Question Question
Loot - Slice Wallet UPI - free credit card load and free bank transfer
11 12 13
Replies
252
Views
14K
MrWick
M
A
  • Question Question
Zero Balance Utkarsh Niyo Savings Account | RuPay Platinum Debit Card
4 5 6
Replies
110
Views
7K
Strange
Strange
dhiraz
Wiki Kotak Bank "811 Super Savings Account" Benefits - Important Update 🚨 🚨
155 156 157
Replies
3K
Views
128K
MrJJ
MrJJ
Back
Top