Freo Save 4+

Digital Savings Account

MWYN Tech Pvt Ltd

    • Free

iPhone Screenshots

Description

Welcome to Freo Save - a savings account like no other, in partnership with Equitas Small Finance Bank. Freo Save is a 100% digital savings account and it takes only 2-3 minutes to open an account. A zero-balance savings account, Freo Save lets you unlock access to shopping & credit products in your savings journey.

With Freo Save, you spend smart and save smarter. To give you the best savings account experience, you get an interest rate of up to 7% on your savings.*
Let’s put it this way, you earn more interest on your Freo Save savings account than your Fixed Deposits*. To give you an example,

Savings Amount: ₹4,00,000
Other Banks Annual FD Returns @5%: ₹4,20,378
Freo Save Annual Returns @6%: ₹4,21,632


Savings Amount: ₹6,00,000
Other Banks Annual FD Returns @5%: ₹6,30,567
Freo Save Annual Returns @7%: ₹6,35,217

Let’s break down the interest slabs for you.


→ 3.50% - Up to ₹ 1 lakh
→ 6.00% - Above ₹ 1 lakh and up to ₹ 5 lakhs
→ 7.00% - Above ₹ 5 lakhs and up to ₹ 2 crores
→ 5.50% - Above ₹ 2 crores

Interest will be calculated on the daily closing balance of the account.
Interest will be paid on a quarterly basis by direct credit in the savings account.
Slabs rates are applicable on the incremental amount based on the closing balance.

Freo Save helps with your savings so that you can realize your dreams, with your own digital savings account. A savings account that offers you:

→ An amazing 7% rate of interest*
→ Zero-balance requirement
→ 100% digital banking experience

Freo Save is your trusted neo banking app, which takes you on a guided journey to unlock unmatched benefits like:

Freo Pay: Scan & Pay up to ₹6,000 for your daily needs.

MoneyTap: Credit line of up to ₹5,00,000. Pay interest only on what you use.

We made the process of opening a Freo Save account simple & hassle-free. The process of an opening a bank account comes with loads of inconvenience. With Freo Save, you get an instant account, to kickstart your savings. It’s your ideal mobile neobanking app, that helps you take control of your finances.

Freo Save gives immense priority to the customer’s convenience.

Freo Save account holders do not need to visit a physical branch like in the case of traditional banks. Our digital presence makes it a point that the customer has to undertake little to no extra effort by making every service possible on our app. You can sit in the comfort of your home and avail benefits in an instant. You can still reach us anytime with our customer support available on Whatsapp and email.

As we continue to become more financially aware, we want to carry out our transactions with ease on smartphones. Freo Save is preferred by many, who prefer money management on their mobile phones. Our broad spectrum of financial services is just a tap away for people using their mobile phones. Be it the transfer of funds, shop now, pay later, financial advice, and more – it is available every second of the day on the users’ smartphones.

Freedom starts today with a savings account that lets you do more & dream bigger. So, download the Freo Save app, and join us in the journey to revolutionize personal finance.

Contact us at hello@freosave.com for any queries.

What’s New

Version 1.4.7

Bug fixes and improvements

Ratings and Reviews

4.6 out of 5
501 Ratings

501 Ratings

vins vinod ,

I have a good experience

As Abhinav.s called me to install the app who is in Freo he explained me about the benefits of this app I got interest on this and installed the app I am getting good response from Freo I hop it works the same and give a better service ⭐️

Developer Response ,

Hi, thanks for taking out time to rate us. It really helps us to keep going and delivering the best.

ITSBHM ,

Buggy Application

If you are looking for Physical Bank at Zero balance go with Axis Bank, I tried Freo Save but it has too many errors and bugs in starting they say it will take 5 minutes only now first I got the message we are verifying details then after it is showing INTERNAL SERVER ERROR. I opened my account today but I want to close it today. I don’t want to get frustrated with you. And about your partner Equitas, Most of the time I found their servers are down. So Please go with any super bank partner.

Developer Response ,

Hi, thank you for taking the time to share your experience with us. Your feedback is very important to us and we regret that the team wasn't able to provide you with the service experience you were looking for. We request you to kindly drop an email to hello@freosave.com for us to assist you on priority.

stiju.stiju ,

Easy and Nice

Onboard process was quick and easy. Executive came very next day for full kyc. UPI ID can be created with other upi apps only. But still it is easy to create upi ids using virtual debit card received for our freo save a/c.

Developer Response ,

Hi, thanks for taking out time to rate us. It really helps us to keep going and delivering the best.

App Privacy

The developer, MWYN Tech Pvt Ltd, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Identifiers

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Location
  • Contact Info
  • Identifiers
  • Usage Data
  • Diagnostics

Privacy practices may vary based on, for example, the features you use or your age. Learn More

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