Kolo Banking (Savings Account) FeaturesIf you have a box, like a piggy bank or somewhere where you store small cash regularly to meet a goal why not do it digitally? Enjoy the safe, convenient, reliable and practical way to control your finances and save towards a goal with Kolo Banking for free. SMS notifications are provided allowing you to keep a track of your savings.
This is similar to a current account, it operates with passbook. There are no unnecessary bank charges when maintaining this account.
Operation: You’re allowed regular deposits and withdrawals without penalty. No minimum balance requirements.
Registration: I.D card, Passport Photo, Recent utility bill.
Medium: Mobile App or Branch Office (5,000 Registration fee)
Rate: 0% interest