Latest current affairs · 9 Nov
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Slice Launches India’s First UPI-Enabled Physical Bank Branch

1 min read
RBI Grade BNABARD ESISEBI
In one line

Key Highlights:

  • Location: Koramangala, Bengaluru
  • Launched by: Fintech firm Slice
  • India’s first: Physical bank branch with UPI-powered banking

Features of the UPI-Integrated Branch

  • UPI-integrated ATMs
  • Instant account opening
  • Cash transactions via UPI (no need for debit cards)
  • Cash deposit and withdrawal using UPI apps

Additional Launch

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More on this exam

  • UPI-linked credit card:
    • No joining or annual fee
    • Enables QR-code payments directly from credit line
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Significance

  • The branch is a pilot project for potential nationwide expansion of UPI-driven physical branches.

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