Current Affairs - Finance - Discussion

Slice introduced India’s first savings account directly linked to the RBI repo rate, marking a significant innovation in digital banking. The account calculates interest on a daily basis and credits it in line with real market rates, ensuring transparency and fairness for customers. With features such as instant UPI access, no minimum balance requirement, and immediate liquidity, the solution is designed for convenience and efficiency. Powered by a cost-efficient digital model, Slice’s offering aligns consumer profitability with equitable banking practices, setting a new benchmark for modern, UPI-first financial products in India.