New Age Banking Is Here !

Most banking apps have been designed with the intention to give the user a fit of rage. 🤬
I'm especially talking about the government-owned banks…no surprises there.
Due to this, digital adoption has been super slow, forcing people to still go to branches to open a new bank account or an FD.
I recently opened a new bank account at ICICI where I already have an existing account. 😑 Even then I was required to undergo KYC again because they were not able to fetch my KYC details.
I was also asked to send a video of me blinking to show them that I'm alive. Apparently, people are opening accounts in dead people's name. I mean what the actual fuck...🫠
Solution? ➡️ Neo Banks !!
Neobanks are actually not banks at all because they don't have a banking license.
You see, RBI is very anal about giving new licenses to just anybody. So neobanks piggybank on existing banks and help them acquire new customers through their superior technology.
Neobanks are essentially fintech companies with exceptional product managers and developers, who make the banking experience seem like a modern social media app thereby attracting millennials and GenZ.
They take a cut from the banks for helping them acquire customers.
Since they don't have a physical presence, they have lower costs and this can offer higher interest rates, waive off forex charges and minimum account balance.
They also help track your spending and give you insights whenever you're off track.
➡️ Do you use a neobank? Have you faced any bad experience? Let me know which to choose and which to avoid 👇🏻
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#financewithsharan #bank #neobank #onlinebanking #moneymaker #moneytalks #savemoney

[@PrabhatK29]

Being a Kotak customer that "none taken" killed me 😂😂😭😭😭

[@rajeshpapani]

what is that?

[@mayurtummewar3312]

@@rajeshpapani no offence is taken by Kotak bank

[@mayankrajput5458]

Lotak

[@Hacksmith7]

Kotak has the worst ui possible

[@jainambhavsar6513]

@@Hacksmith7 seriously kotak bank App is 💩Worst

[@snehabiswas5918]

Kya phoonk ke aaye o be 😂😂😂 the best line

[@i_Konark]

Gaanja

[@DCW_B63]

Agar tumhari shakal is cartoon avtar se milta hai to just give your insta .. 24 hour me ghar ke samne baarat leke khara hounga

[@priyanshu3491]

Baaki kuch samjh nai aaya

[@improvementdays3166]

Such a cute dp 👍😊

[@ifulaughyouloose9512]

Always the best Green's ☘️🍁

[@undercover_thug]

I swear your outro slogan stays in my mind rent free! "I follow my man bro, Finance with Sharan"😂😭

[@shivanshshukla5883]

Marketing psychology

[@jaimalkani9523]

Congratulations in advance! Your tips helps gain more knowledge keep doing the good work ☮

[@NickZeek1WD]

Finally Subscribed after watching several recommended videos in last few weeks.

[@rgt717]

People are now tired of endless/useless promotions and casino games on neo bank apps.

[@kiran-ms7ov]

So that’s how they all started 👀

[@DYnosCode]

Dude this is awesome to understand bro
Thanks a lot ☺️

[@samirnath]

I use Fi Bank,
Just made an international transaction with zero forex charges !!
It's quite lucid to use

[@shivangmittal5495]

Can u recieve money internationally as well bro?like someone sending money to India from say Canada or usa or just send money without charges from india,your answer would be much appreciated 👍

[@RinkiSingh-wy1ff]

@@shivangmittal5495 use usdt for that then a usdt price in india right now is 83-84 rupees that means you will get 4 rupees iff use usdt

[@nikhil2049]

and how do you get usdt to inr back?

[@shivangmittal5495]

@@RinkiSingh-wy1ff thnx man,never thought bout it in terms of crypto honestly

[@AmrithK260192]

Dude I'm having same Fi savings Bank is it true? Never did an international transaction but i opened paypal with it and i received 1$ twice still I say what's with the charges for a dollar, never did bigger transactions

[@vinayegalapati2191]

Lotak Bank 🏦😂

[@nickburman3678]

Kotak

[@fanilseth8208]

@@nickburman3678 kotak is not partnered with any neo banks (afaik)

[@PratikMehta-mh1et]

🤣

[@youtube-admin920]

The banking regulations are different from a country to another. I'm working with a Singapore fintech and they have the license to launch neobanking products without any such banking partnerships.

[@seshtechpro5413]

Neo bank that’s good first cmt

[@Rid3r387]

😊

[@Goat14-]

"Baking License"

[@batch3group673]

Please suggest a book and write few articles on a weekly basis so as to digest all these important information in a daily basis

[@shiskeyoffles]

Why?

[@vijaykumars4653]

Freo offers 7% interest on Savings account balance. I thought I will open an account. But only above 5 Lakh Rupees. What's the point then ? The app displayed it only after login and when i was too close to open one. Asshole banks.

[@bjabaskaran1153]

Without RBI license no millioners will invest in neo or all digital banking needs a Licensed bank footage like equitas or kotak . Even licenced bank only 5L is protected at any time

[@utkarshg.bharti9714]

Keep it up man. Awesome videos! Very educational.

[@shortshub2019]

LowTech Bank 😂😂😂

[@godgaming_6911]

😢 akudo, we all love you forever even you are down now

[@MovieMelodye]

I am not behind any 1 or 2% higher interest for to go with new players.
Reason is very bad experience of 2021 startup IPO's.

[@zakirahmed7594]

How can any company have bank branch even before getting banking license ?

[@prathvisingh8503]

I've been using neo bank and it's good.

[@bharathi4997]

How is that differ from other banks?

[@sourav.121]

Ok now have 5600 cr as a minimum bank cash reserve

[@subhmaypatra5562]

Sharan is kinda looking like RBIG Shaktikanta Das with that moustache 😂

[@gauravkandpal1101]

Already customer of fampay and fyp neo banks associated with idfc and yes bank respectively.

[@blykeop6293]

fampay in a nutshell

[@_Atomic_]

Not really he is talking about Jupiter and Fi money

[@Saami110]

If he needs baking licence why would he go to bank???

[@MOHAMMED-gi2uh]

As per my knowledge savings amount max rate is 4% right??

[@vamshikrishna8694]

New generation Tech Banks are offering more than 4% interest in SB account

[@anilpatnala3693]

Hi Sharan , Can you make a video on Jupiter app, wether it is safe . Can we put our saving in the jupiter for long term .

[@mahasikislam6742]

Imagine you are going to RBI and her calling by RBI governor dude governor be like chala ja bhutni ke

[@soudipsanyal]

Imagine RBI Governor in the press meet: keya foonk ke Aya hay be?

[@raj2319thailand]

Neyo global is a good bank

[@harishassasin]

How will Neo banks blindly give 7% won't these lead to another NPA?

[@SanamPatel]

Canada has same type of online bank called Neo bank

[@DD_xd]

Replace branches with bitches... This shit still same 😭

[@sarthakgupta2790]

It is called Lender Service Provider not Neo Bank.

[@user-mo7qf9wt1e]

Why not, it also offers savings and fd besides lending ❓

[@IidentifyAsTheRightPerson]

the way he made up the name NEO BANK 😂

[@SaikumarN1993]

Fi bank based on Federal Bank.. Similar to what is said on video

[@IndianBoy77]

Waiting for JIO Bank

[@ps-gh3hu]

RBI is jio bank

[@atmarambhide]

I guess there is some clause which prohibits banks which have net income in crores.
Else by now we would have banks from Ambani,tata,birla......and they can easily take loan from their banks without any hassle and some one like mallya would simply runaway with the money.

[@YaseenKabir]

Jupiter Slice Uni all come under the Nro Bank

[@TGSankar]

Kotak bank5 fined for 1.05 cr to RBI for KYC rule.

[@Videoxms]

Fi, jupiter by federal bank, Niyo & Niyo Global and many more

[@Rohytvlogs]

I like this line Kya fhook k aaya hey be 😂😂

[@india6080]

Pls do short ITR as well

[@MaRvElOuSmAhEnDrA]

So jupiter app also works like this

[@freewheelingypsy9368]

Caption says 'Baking licence'😆

[@schpillitallica5396]

Baking license...🤣 did any one notice

[@Tony-xl5io]

I think Paytm payments bank is similar to this?

[@namanjain5763]

Very similar but the restructuring are to much and you need to be a big payment provider to get the licence.
For Neo bank if you just want to market other product it is better as you will have a win-win relationship with partner bank you get better customers and they get more reach.
Right now i basically see Neo bank as just good app that get your banking data that they can use and sell.
They don't get any money from the partner bank(atleast to my knowledge).
So path to earn might be hard but for customer like genz and millennial a good app and better rate of interest might be a good deal but do note you need to also check which bank they have partnered with.

[@success...324]

Sir please make video on how to make earning from binary options legal in India?

[@real0pr]

Rearrange 'NEO' to 'ONE' CARD
made for GenZ

[@isyourdadhigh]

So slice, fam pay such stuff come under this?

[@accountdeleted]

Are you targeting Fi app?

[@gameondude726]

Lotak bank is always helpful to you😂

[@divyanshd3969]

Ummm they don’t pay that much interest

[@ManiMohanMadasu]

RBI caption is saying baking license instead of banking license... "Kya phukke LIKHA hai bey" lol

[@SilverBulleteer]

the guy from lotak bank😄

[@hiratiwary9119]

He said baking license instead of banking license

[@hiteshbellani9547]

Hello sharad,,, I need a licence to operate a golgappa shop

[@jimboydj]

Lotek Bank needs a hightech app

[@saiprayastha7141]

Is this about Jupiter ??

[@sumitmondal7717]

Lotak Bank app is much better than hdfc banks app

[@dharmendramishra2786]

Is that fampay?👽

[@shanmugaram3131]

Bro please tell me about national pension scheme and advantages....please

[@prashantkaulwar2820]

You can take additional ₹50K tax benefit.
Long term investment & lower expense ratio compared to other MF.
Saving for retirement & pension on your Annuity.

[@fresh_drools]

Baking licence .....

[@neiln3553]

Hi sir, i want to start my own Demat account provider company, How do I go about the same? Can u make a shorty video about it ?

[@mickzee238]

Why about fampay?

[@If_you_hvae_noticed]

Nice Dream 👀

[@gwadarsh8534]

Baking licence lol

[@danav4481]

I am gonna call my bro Rbi cause I need some money

[@therencho]

Which Neo bank is giving 7% interest on saving account?

[@rishi5800]

Name few Neo bank?

[@technique9915]

Jupiter

[@adityashinde427]

Kotak ka lotak 😂😂

[@pranitkhandagle4568]

Lotak bank 🤣🤣🤣

[@appooxevwo5111]

Damn Niyo X is it

[@M_TDMG]

RBI mei jaake 'BRO' bol diya toh udhar hi Bhaga denge

[@sachin4all]

How can I complaint against. Lichfl?

[@Munnabai0101]

Ya this was real
Noyix
Fi bank
And many more are doing this steps 😂

[@rohithatwar4626]

Ye kya bola tu mere ko samja nhi re baba...😅

[@ShashankBhushaniitbbsr]

What anout NPA??

[@someonefrom2002]

That's not Lotak bank 😂😂😂
That's Federal Bank

[@natrajgudla637]

Fi and Jupiter cards

[@bbnt4071]

Hi

[@gold_the_dj]

Is it safe?

[@manjitdhoot]

Lotak bank???

[@srisuri16]

It is Kotak na

[@yashgoswami7507]

Then do that

[@ShubhamSingh.Z]

I Want Open Account In Lotak Bank 🙃

[@callingbell-ix5se]

Lotak is kotak
But neo bank is ?

[@mathew6199]

Lotak bank

[@vamshikrishna8694]

Lotak Bank 🤣🤣🤣🤣

[@amrikram893]

Kotak ka lotak 🤣😂😂😂😂

[@biplabjena6427]

Niyo Fi etc etc

[@ImIncubus]

Baking lol?

[@raveenjaya5573]

N26 in Germany

[@muhammadumer669]

Fampay

[@partha3584]

Lotak Bank????

[@mumtazkandhgal2840]

Gud but y the video iz so fast

[@perfume356]

Sir I need help

[@v_ColdShadow]

Itna easily goverment work hota to, India me koi kisi problem me nahi rahta.

[@sayak6341]

Digi digi