Marwadi Financial Services (MFS) has announced a strategic alliance with NSDL Payments Bank. This development with help MFS in offering its clients an integrated 3-in-1 savings account that ensures the combining of the features of savings, demat and trading accounts.
With the help of this offering, investors will now be able to seamlessly transfer funds in real time and execute trades in almost no time.
Users will also be able to avail margins without actually moving funds between their savings and trading accounts.
Also Read: CFOs should lead digital transformation initiatives: Abhishek Bagchi, CFO, NSDL Payments bank
The 3-in-1 account will be providing the additional benefit to users in availing savings interest on funds lying idle in their trading account.
The savings bank account permits the customers in tagging and identifying capital market transactions separately through the mobile banking app.
This strategic partnership will be helping Marwadi in boosting customer experience while allowing NSDL Payments Bank in connecting with Marwadi’s clients and expand its customer base.
