Currently the user can operate two savings groups for free. After that Finlok applies a one time fee of Rs 5 or 0.1% of the total group amount to each member of the group; whichever is higher.
Why Finlok charges for group savings?
- Using Finlok for your group saving provides convenience of –
- Not having to withdraw cash from a bank/ATM
- Not having to travel anywhere to hand over cash to beneficiary
- Not having to go to your bank to deposit collected cash.
For more details, mail us at email@example.com and feel free to interact with all your queries.