SBM Bank: Launches Ki Cash digital account

SBM Bank: Launches Ki Cash digital account

• SBM Bank is the first bank to receive a universal banking license from the Reserve Bank of India to set up and operate
• Kaleidofin is a fintech platform whose mission is to make our customers’ life goals a reality by providing intuitive
• Launched ‘ki cash’, a fully digital savings bank account designed exclusively for the informal sector of India
• The savings account will serve to accelerate digital adoption in the informal sector opened using Biometric based e-KYC authentication
• The Savings account will offer free digital transactions; a free NACH setup
• The savings account comes with a Rupay Debit card with a prebuilt insurance cover of up to two lakhs