Platform Fees

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 support@finlok.com and feel free to interact with all your queries.

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