New Delhi, April 4, 2025 – In a significant move towards reshaping India’s digital banking landscape, slice and North East Small Finance Bank (NESFB) – now a unified entity following their recent merger – unveiled a suite of innovative banking solutions at Startup Mahakumbh 2025, held from April 3 to 5 at Bharat Mandapam, New Delhi.
Positioned as India’s first fintech-bank, the combined entity introduced a range of high-yield deposit products and instant credit offerings tailored for the country’s evolving digital economy. Among the key highlights was the announcement of India’s first AI-powered Smart Banking flagship branch, aimed at delivering a seamless and personalized customer experience through 24×7 digital access, self-service kiosks, and instant loan processing.
The product suite unveiled includes:
Fixed Deposits offering interest rates of up to 9% per annum – among the highest in the industry.
Digital Savings Accounts that credit interest daily, pegged at 100% of the RBI repo rate.
Recurring Deposits with rates of up to 8.5% per annum.
Enterprise Development Loans specifically designed to support small businesses and traders.
slice borrow, enabling access to instant credit of up to ₹5 lakh.
slice UPI, facilitating ultra-fast and reliable UPI transactions.
Commenting on the launch, a spokesperson for slice | NESFB said, “We are proud to present our cutting-edge digital banking solutions at Startup Mahakumbh, reaffirming our mission to make banking more accessible, secure, and rewarding for all. With high-yield deposits, instant credit offerings, and now AI-powered smart branches, we are redefining what inclusive, future-ready banking looks like.”
Startup Mahakumbh 2025 served as a strategic platform for the newly merged entity to engage with entrepreneurs, policymakers, and innovators, aligning with the event’s broader objective of promoting a self-reliant and developed India (Viksit Bharat) by 2047.
With a strong focus on financial inclusion and technology-driven services, the fintech-bank aims to expand its footprint across urban, semi-urban, and rural India. The AI-powered branches are envisioned to bridge the digital divide and offer paperless, efficient, and customer-centric banking services to a wider population.
Backed by a robust risk management framework and an innovation-led approach, the merged entity seeks to provide a frictionless, secure, and trustworthy banking experience, representing a forward leap in India’s financial services sector—anchored in the Northeast and driven by fintech capabilities.
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