Business EconomyPosted at: Jul 16 2025 9:02PM


Fino introduces “GATI” savings account to penetrate UPI transactions in Bengal

Kolkata, July 16 (UNI) Having made banking easy, simple and convenient, Fino Payments Bank is now focusing on making customers transact instantly right after opening a new bank account.
Towards this objective Fino Payments Bank today announced the launch of a new savings account “GATI”, which means ‘speed or fast’ in many Indian languages.

The product is specifically designed to cater to the needs of customers who aspire to use digital platforms for banking services in an affordable manner. As digitalization sweeps India, this segment of customers is ready to make the shift from phygital to digital riding on the rising adoption of UPI.

One can open GATI savings account at any of Fino Bank’s 40301 merchant points spread across the state of West Bengal and enjoy the benefits. The zero balance GATI account can be opened instantly through eKYC authentication with a one-time account opening fee of only Rs 100.
With the help of the merchant they can then download FinoPay mobile banking app that auto-creates UPI ID allowing immediate transactions. Further, account maintenance charges are only levied every quarter at Rs 50, instead of annual fee making it convenient and affordable for customers.

Darpan Anand, National Head (Channel Sales), Fino Payments Bank said, “Smartphone usage is increasing among rural customers irrespective of age, including senior citizens. The introduction of GATI savings account is in line with our strategic intent of bringing digital banking closer to this segment of customers. Our merchants spread across the state can help facilitate opening of GATI account and ensure they are transaction ready instantly. We believe GATI will encourage more customers from the rural hinterlands to engage in safe and secure digital way of banking.”

With GATI, Fino Bank aims to target customers with the ability to frequently engage in banking activities especially using UPI. They could be anyone above the age of 18 years, 12th pass, salaried or self-employed and have a smartphone. Primarily, youngsters who are new to banking, women, beneficiaries of various government welfare schemes and senior citizens. They need faster access to banking services to send or receive money, salary, pension or make merchant and bill payments.

GATI joins the list of innovative and affordable offerings from Fino aimed at increasing digital banking adoption and usage in rural areas. With FinoPay app customers can also buy insurance, digital gold and apply for referral loans, anytime, anywhere from their smartphone, according to a media release.
UNI BM GNK
Please log in to get detailed story.
Tags: #Fino introduces “GATI” savings account to penetrate UPI transactions in Bengal
More News

Amazon Bazaar records 5X growth in TN

14 May 2026 | 5:18 PM

Chennai, May 14 (UNI) Amazon.in on Thursday announced that Tamil Nadu has emerged as one of the fastest-growing States for Amazon Bazaar as orders from the State have increased 5X YoY, with the teeming megapolis of Chennai leading the charge with a 2X increase in new customer sign-ups.

see more..

CII Green Cementech 2026 focuses on net-zero roadmap for cement industry

14 May 2026 | 5:13 PM

Hyderabad, May 14 (UNI) The 22nd edition of Green Cementech 2026, the flagship annual conference and expo for the cement industry, organised by the CII-Green Business Centre in partnership with the Cement Manufacturers Association, commenced at the Hyderabad International Convention Centre (HICC) on Thursday with a strong focus on sustainable and low-carbon cement manufacturing.

see more..

CIEL HR records 32 pc growth in FY26, Revenue nears Rs 2,000 cr, unveils CIEL 3 0 : Vision 2030

14 May 2026 | 4:53 PM

Chennai, May 14 (UNI) CIEL HR, India’s leading integrated HR and workforce solutions company, on Thursday announced that it recorded 32% growth in FY26, with revenues nearing Rs 2,000 crore, alongside the launch of “CIEL 3.0: Vision 2030”, the company’s strategic roadmap to build an integrated AI-led workforce infrastructure platform for the future of work.

see more..

Indian cement industry reduced carbon footprint by over 40 pc in two decades: E R Raj Narayanan

14 May 2026 | 4:26 PM

Hyderabad, May 14 (UNI) The Indian cement industry has reduced its carbon footprint by more than 40 per cent over the last two to three decades through energy efficiency, use of alternative fuels, renewable energy, and technological interventions, according to E R Raj Narayanan, Co-Chairman- Green Cementech 2026, Business Head & Chief Manufacturing Officer- UltraTech Cement Limited.

see more..

PM's UAE-Europe tour to boost India's trade, investment ties: FIEO

14 May 2026 | 3:37 PM

Hyderabad, May 14 (UNI) The Federation of Indian Export Organisations (FIEO) on Thursday welcomed Prime Minister Narendra Modi's upcoming multi-nation visit to the United Arab Emirates, Netherlands, Sweden, Norway and Italy from May 15-20 stating that the visit is expected to significantly strengthen India's trade, investment and technology partnerships with key global economies.

see more..