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FINO-Plus is an end-to-end deposits management solution, which combines our reach, services, delivery channel and processing platform. FINO Plus is a step forward on the Financial Inclusion path to offer the Financial Institutions value-added investment options to the low-income group in a cost-effective manner.
Features
- FINO Plus rides on the existing and proven network of Smart Cards, Points of Transaction and Backend processing platform.
- FINO Plus’s enables the processing of Recurring and Fixed Deposit product to offer easy and convenient saving options to the individuals with lower income, through a common channel used for other services.
- FINO Plus also enables the processing of Mutual Fund product with capability to collect variable SIP from the end customers.
Product Architecture
Key Benefits
- Enables Recurring and Fixed Deposits with a nomination.
- Enables flexibility in deposit tenure.
- Capable of handling fixed and variable installments.
- Parameter based minimum deposit amount.
- Facilitates partial withdrawal and foreclosure.
- Manages interest posting to the Smart Card Account.
- Product Mapper helps configure Mutual Funds.
- Means to inculcate a habit of saving money in low-income individuals.
- Comprehensive MIS for Dividend payout.
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