Slice SFB UPI-Centric Banking: Repo-Linked Savings and More
Why in the news
Slice Small Finance Bank (Slice SFB) rolled out a UPI-centric digital banking ecosystem on 29 January 2026, with a savings account, a credit card and fixed deposits.
Products launched
| Product | Highlights |
|---|---|
| Repo-linked savings account | First tied to 100% of RBI’s repo rate; interest computed and credited daily; no minimum balance; digital onboarding; UPI-enabled |
| UPI-integrated credit card | Scan and pay at UPI merchants against a credit limit, bypassing card rails; up to 3% cashback; “Slice in 3” no-cost EMI above ₹2,000; weekly Slice Sparks rewards; zero joining, renewal or annual fee |
| Digital fixed deposits | Managed fully in the app; up to 7.25% per annum; insured to ₹5 lakh by DICGC |
Significance
- The card blurs the line between UPI and credit cards, pushing credit penetration through UPI.
- FDs pair insured safety with digital ease.
Background
- In July 2025 Slice opened India’s first UPI-powered physical branch, in Bengaluru.
About Slice SFB
- CEO Rajan Bajaj; HQ Guwahati, Assam; established 2016; digital-first, UPI-led.