A digital savings account works like any traditional account in its function but is way more convenient. The convenience comes from the fact that a digital savings account can be accessed anytime from your phone or laptop no matter where you are – you don’t need to make trips to a physical branch location.
Digitalized banking experience allows you to open an account within minutes – no need for paperwork!
You can earn up to 7% interest on your savings, making it an excellent option for everyone.
No more maintenance charges. Spend from your savings account without worrying about getting penalized for not keeping a minimum balance in your account!
Check out our guide
Which Bank Is Best For Zero Balance Account? to explore the best options!
You can access your account in several languages as Freo Save is available in Hindi, Tamil, Kannada, Telugu, Malayalam, Bengali, Marathi, and more!
With the virtual debit card, you can shop online, claim cashback, stay protected against card frauds, and reset your card PIN through the savings app! Physical card coming soon.
Your money in the account is insured up to ₹5 Lakh as per the RBI mandate.
Built on the Equitas SFB’s secure banking platform, your financial data is safe with full security controls on our app!
Once you open digital savings account with us, you get access to our QR-based Shop Now, Pay Later App – Freo Pay!
Pay interest only on the amount you used with - MoneyTap India’s First Personal Line of Credit that offers you credit of up to ₹5 Lakh!
A unique feature that will help you invest, save, have access to credit or unlock gifts and seasonal rewards!
You can enjoy all Freo Save benefits with Regular Tier, begin your savings young with Junior Tier and unlock rewards of higher value with Premium Tier!
Grow your wealth faster with Recurring Deposits, Fixed Deposits and more!
Opening an online bank account with us is simple! All you have to do is follow these five easy steps, and you are all set to go!
Our app is available both on Android and iOS. Download it from your Google Playstore or App Store to begin your zero-balance savings account journey!
Download the App and Open Your Digital Savings Account!
Discover Freo SaveOnce the app is downloaded, we ask you to verify your PAN and Aadhaar card. Just fill in your Aadhaar and PAN card number, and our systems will fetch your information to verify it’s you.
Once you download our app, you will be asked to provide and verify your email id and mobile number. Next, you will need to answer four basic questions related to your personal and professional details.
In this step, you will be asked to take a selfie and upload it to match the live image with the Aadhaar card image. This makes the account opening process more secure. Furthermore, we will ask you to verify your location details.
Finally, you will be asked to add a nominee. Once you add a nominee to your Freo Save savings account, you are all set to start!
In India, Freo Save is one of the highest-yielding savings accounts that give you higher returns than other savings accounts! Our zero-balance digital savings account is best for Indian millennials who want to save and grow their money while enjoying a complete digital banking experience!
Some features we offer are:
And several more features are coming soon.
Our digital savings account does not require you to have a minimum balance! You will not be charged anything if you need to use all the funds in your account.
Freo Save is entirely safe. A federally assured digital bank is completely safe to trust! However, you should always ensure you follow cyber safety rules for your own benefit. For example, don’t click malicious links, never share your OTP or bank password with anyone, and don’t access your account from an unsecured open network.