NeoBank in India is basically a digital bank without any physical presence of branches and they must be powered by some RBI approved Banks (Public, Private, Small Finance). NeoBanks are fintech firms which is providing digitized and mobile oriented Banking and financial Solution like payment solutions, money transfers, money lending and many more. Instead of being physically present at a particular location, neo banking is entirely online.
In India there is no any digital Bank, Because RBI is not given license of Banking to any company for operating Digitally. So most of the NeoBanks in India is an affiliate of any Banks or powered by a Banks.
List of NeoBank in India
| Fi | https://fi.money/ |
| Jupiter | https://jupiter.money/ |
| NiYo | https://www.goniyo.com/ |
| RazorpayX | https://razorpay.com/x/ |
| Freo | https://www.freo.money/ |
| FiniN | https://finin.in/ |
| Open Money | https://open.money/ |
| Fold | https://fold.money/ |
| Instant Pay | https://www.instantpay.in/ |
| Neo-Bank | https://neo-bank.com/ |
| SaveIn | https://www.savein.money/ |
| Yelo | https://www.yelobank.in/ |
Fi NeoBank
Fi is a financial app that comes with an in-built savings account powered by Federal Bank, though some people prefer the buzzword ‘neobank’. Fi is Emboldened by cutting edge tech, Fi helps you know your money, grow your money and organize your funds. So other than that Fi is going to sell other third party products.
Jupiter NeoBank
Jupiter is an NeoBank which offer a range or products like Saving Account (Powered or Affiliated by Federal Bank), Auto saving pots, instant rewards and debit cards. Jupiter is having edge technology which can will automate savings and max utilization of technology toward move saving.
NiYo NeoBank
NiYo is one the most popular NeoBank which offer a range or products like Saving Account (Powered or Affiliated by Eqitas Small Finance Bank), Auto saving offers, rewards and life time free debit cards. NiYo is having cutting edge technology which can will automate savings and max utilization of technology toward move saving and growing funds.
RazorpayX NeoBank
RazorpayX is an NeoBank which offer a range or products like current account for corporate, business banking experience, bringing effectiveness, efficiency, and excellence to all financial processes.