{"id":1646,"date":"2021-09-01T07:43:00","date_gmt":"2021-09-01T07:43:00","guid":{"rendered":"https:\/\/decentro.tech\/blog\/?p=1646"},"modified":"2025-07-29T12:47:09","modified_gmt":"2025-07-29T12:47:09","slug":"list-of-best-neobanking-apps-india","status":"publish","type":"post","link":"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/","title":{"rendered":"21 Top (&#038; Upcoming) Neobanking Apps in India for 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#What_are_Neobanks\" title=\"What are Neobanks?\">What are Neobanks?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#List_of_Popular_Consumer-centric_Neobanks\" title=\"List of Popular Consumer-centric Neobanks\">List of Popular Consumer-centric Neobanks<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#FamPay\" title=\"FamPay&nbsp;\">FamPay&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#AtlantisNeo-bank\" title=\"Atlantis(Neo-bank)&nbsp;\">Atlantis(Neo-bank)&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Akudo\" title=\"Akudo&nbsp;\">Akudo&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Jupiter\" title=\"Jupiter&nbsp;\">Jupiter&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#SaveIn\" title=\"SaveIn&nbsp;\">SaveIn&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Fi_Money\" title=\"Fi Money&nbsp;\">Fi Money&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Piggy\" title=\"Piggy\">Piggy<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Niyo\" title=\"Niyo&nbsp;\">Niyo&nbsp;<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#List_of_Popular_Business-centric_Neobanks\" title=\"List of Popular Business-centric Neobanks\">List of Popular Business-centric Neobanks<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#ZikZuk\" title=\"ZikZuk&nbsp;\">ZikZuk&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#North_Loop\" title=\"North Loop&nbsp;\">North Loop&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#RazorpayX\" title=\"RazorpayX&nbsp;\">RazorpayX&nbsp;<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#List_of_Upcoming_Neobanks_in_2025\" title=\"List of Upcoming Neobanks in 2025\">List of Upcoming Neobanks in 2025<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Freo\" title=\"Freo&nbsp;\">Freo&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#mewt\" title=\"mewt&nbsp;\">mewt&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Revolut\" title=\"Revolut&nbsp;\">Revolut&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Tide\" title=\"Tide&nbsp;\">Tide&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Mahila_Money\" title=\"Mahila Money&nbsp;\">Mahila Money&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Mool\" title=\"Mool&nbsp;\">Mool&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Dinero_AI\" title=\"Dinero AI&nbsp;\">Dinero AI&nbsp;<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#List_of_Neobanks_by_Traditional_Banking_Institutions\" title=\"List of Neobanks by Traditional Banking Institutions&nbsp;\">List of Neobanks by Traditional Banking Institutions&nbsp;<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Kotak_811\" title=\"Kotak 811&nbsp;\">Kotak 811&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Digibank_by_DBS\" title=\"Digibank by DBS&nbsp;\">Digibank by DBS&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Yono_by_SBI\" title=\"Yono by SBI&nbsp;\">Yono by SBI&nbsp;<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Wrapping_Things_Up\" title=\"Wrapping Things Up!\">Wrapping Things Up!<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/decentro.tech\/blog\/list-of-best-neobanking-apps-india\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions \">Frequently Asked Questions <\/a><\/li><\/ul><\/nav><\/div>\n\n<figure class=\"wp-block-image size-large featured-post-img\"><img loading=\"lazy\" width=\"854\" height=\"854\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/21-Top-Upcoming-Neobanking-Apps-in-India-for-2024.jpg\" alt=\"Top Neobanking Apps\" class=\"wp-image-6145\"\/><\/figure>\n\n\n\n<p>Can you imagine a bank that exists just virtually? Now, probably yes! But a couple of years ago? Hardly!&nbsp;<\/p>\n\n\n\n<p>Most users had a bewildered expression as they came across a neobank(or challenger banks as they are called) that was available at their fingertips- no more long queues and long waits!&nbsp;<\/p>\n\n\n\n<p>According to Zion Market Research, the global neobank market was worth<strong> $18.6 billion<\/strong> in 2018 and is expected to accelerate at a CAGR of <em>~46.5%<\/em> between 2019-2026, generating ~ <strong>$ 394.6 billion<\/strong> by 2026!&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"494\" height=\"600\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/zion-market-research-medici-decentro-neobanking-list-1.jpeg\" alt=\"Infographic on Growth of Neobank Market \" class=\"wp-image-1677\"\/><figcaption>Source: Medici Global &amp; Zion Market Research<\/figcaption><\/figure><\/div>\n\n\n\n<p>The Indian market, being the upcoming fintech &amp; banking hotspot, is not far behind either. Today, let\u2019s take a look at some of the top &amp; upcoming neobanking apps for 2025!&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What_are_Neobanks\"><\/span>What are Neobanks?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In short, neobanking refers to the new-age banking, or how the future of this industry is shaping up. In other words,&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:21px;\">Neobanking is an alternate banking experience where all the services provided by the bank are virtual, right from customer onboarding, to availing the simplest banking services. A neobank has no physical existence and operates entirely online.&nbsp;<\/p><\/blockquote>\n\n\n\n<p>Neobanks offer a host of benefits, with customer experience taking the limelight. It\u2019s no secret that you, me, and everyone else dread going to the bank for anything big or small. While modern banks have made great strides in providing a great customer experience, there are still gaps, especially in business banking.&nbsp;<\/p>\n\n\n\n<p>This brings us to the blog today- the top &amp; upcoming neobanks in India curated for 2025!<\/p>\n\n\n\n<p><strong>P.S. We aren\u2019t ranking these neobanking apps, just curating the list for you! \ud83d\ude42&nbsp;We do understand that this isn&#8217;t an all-encompassing list of neobanks in India. So, stay tuned, we&#8217;ll keep updating this list with more players in the future!<\/strong><\/p>\n\n\n\n<p>Let&#8217;s dive deep, then!<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"List_of_Popular_Consumer-centric_Neobanks\"><\/span>List of Popular Consumer-centric Neobanks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Let&#8217;s first take a look at the best consumer-centric neobanking apps in the country in 2025.  <\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"FamPay\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">FamPay<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>FamPay is the country\u2019s first neobanking app for teenagers. This neobank facilitates payments for teens under the supervision of their parents. A numberless card that is secure, FamCard is co-branded with IDFC First Bank. <\/p>\n\n\n\n<p><a href=\"https:\/\/decentro.tech\/blog\/strengthening-kyc-process-fampay\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">FamPay<\/a> enables simple payments across different categories across platforms such as Amazon, Netflix, Zomato, Swiggy, and more.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-fampay.png\" alt=\"FamPay is India's 1st neobanking app for teens.\" class=\"wp-image-1881\"\/><\/figure>\n\n\n\n<p>FamPay\u2019s mission is to empower teens to start financial independence right from a young age and enable them to make responsible decisions when it comes to money &amp; spending.&nbsp;The neobank currently has crossed over 2 million users.&nbsp;<\/p>\n\n\n\n<p>When we had a chat with Kush Taneja, Founder at FamPay, here&#8217;s what he has to say about revolutionizing the untapped teenage demographic!<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\">&#8220;<em>Tapping into a brand new user segment, FamPay is India&#8217;s first neo-bank for teens. We aim to empower teens to become financially independent and literate. Our products &#8211; the FamPay App &amp; pre-paid card &#8211; allow teens to make online and offline payments with seamless ease.<\/em>&#8220;<\/p><p style=\"font-size:20px;\">&#8220;<em>With a user-first approach, we are closely connected with our teen community and are rapidly evolving to better suit what they are most excited about while keeping in mind our key goal of making them financially independent.<\/em>&#8220;<\/p><p style=\"font-size:20px;\"><em>&#8220;Our flagship product the FamCard, India&#8217;s first numberless card is the most rewarding, sleek, and secure card in the market for teens. Being extremely stylish and personalized, teens are excited to have their own FamCards and it is trusted by parents for its unique security features.&#8221;<\/em><\/p><p style=\"font-size:20px;\">&#8220;<em>With around 40% of the Indian population being below 18, every year millions of new teenagers will start using their first smartphone and FamPay envisions becoming their go-to brand. By connecting with them young, we are building an early relationship with the future adults most brands eventually want to tap, making FamPay the gateway for brands to target GenZ.<\/em>&#8220;<\/p><cite><a href=\"https:\/\/www.linkedin.com\/in\/kushtaneja\/?originalSubdomain=in\" target=\"_blank\" rel=\"noreferrer noopener\">Kush Taneja<\/a>, Founder at FamPay<\/cite><\/blockquote>\n\n\n\n<p><strong>Pricing<\/strong>: The physical <em>FamCard Me<\/em> is priced at \u20b9999, whereas the <em>FamCard<\/em> is priced at \u20b9499. Do check out for special offers and discounts for the prices could vary. On the other hand, the virtual FamCard is absolutely free!<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"AtlantisNeo-bank\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Atlantis(Neo-bank)<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.atlantistech.co\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Atlantis<\/a> is a Singapore-based fintech dedicated to serving consumers &amp; SMBs both in India and Southeast Asia.&nbsp;<\/p>\n\n\n\n<p>They have launched Neo-Bank in India to enable customers to spend, save, invest, and control their entire financial life, all in one place.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-atlantis-neo-bank-india.png\" alt=\"Neo-Bank by Atlantis is a financial app targeting both consumers &amp; SMBs.\" class=\"wp-image-1882\"\/><\/figure>\n\n\n\n<p>This neobank offers a current account \u2018Smart\u2019 &amp; savings account \u2018Stash\u2019 to empower customers to check balance, simplify payments, and transact easily. In addition, users can earn rewards on the app for purchases- be it for e-commerce, fitness, or personal care!&nbsp;<\/p>\n\n\n\n<p>When we had a quick chat with Gaurav S, Founder &amp; CEO at Atlantis, here&#8217;s what he has to say about making banking &#8216;awesome!&#8217;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\">&#8220;<em>At NEO, we are building a digital bank for the digital generation. A financial operating center for the digital generation around savings, credit, investments, commerce, loyalty, community etc.<\/em>&#8220;<gwmw style=\"display:none;\"><gwmw style=\"display:none;\"><\/gwmw><\/gwmw><\/p><p style=\"font-size:20px;\">&#8220;<em>Banking and FinTech solutions are fragmented. In 5-10 years people will control their financial lives in one place. The FinTech market, born as a disruptor, is beginning to mature and enter into a period of rapid &#8216;re-bundling&#8217;. The second-order effect is multifactorial by nature.<\/em>&#8220;<\/p><p style=\"font-size:20px;\">&#8220;<em>We are using technology to create financial services that are truly aligned with the best interests of consumers. The Future of Fintech is not about selling more financial products. The Future of Fintech is about the financial-wellness of the customers. With NEO our mission is to help 10 million millennials achieve financial freedom in the new decade.<\/em>&#8220;<\/p><cite><a href=\"https:\/\/www.linkedin.com\/in\/gauravsharma1978\/?originalSubdomain=sg\" target=\"_blank\" rel=\"noreferrer noopener\">Gaurav S<\/a>, CEO &amp; Founder at Atlantis<\/cite><\/blockquote>\n\n\n\n<p>The app combines the products with an intuitive interface and algorithms to automate a customer\u2019s financials smartly!&nbsp;Neat! \ud83d\udcaf<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Akudo\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Akudo<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/akudo.in\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Akudo<\/a>, which means \u2018Peaceful Wealth,\u2019 is the country\u2019s first learning-focused neobank for teens. The neobanking app caters to the young demographic and marches forward to empower teens with financial independence.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2090\" height=\"1354\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-akudo.png\" alt=\"Akudo is a fin-ed-tech app for teens to be financial literate. \" class=\"wp-image-1883\"\/><\/figure>\n\n\n\n<p>Teenagers can get a custom <a href=\"https:\/\/decentro.tech\/blog\/ingenious-ways-to-leverage-prepaid-cards-business-models\/\" target=\"_blank\" rel=\"noreferrer noopener\">prepaid card for spending anywhere, all under the supervision of their parents. The neobank allows<\/a> parents to monitor their child\u2019s expenses to avoid overspending.&nbsp;<\/p>\n\n\n\n<p>Moreover, the platform encourages teens to inculcate a savings habit and gives exciting rewards under a gamified ecosystem.&nbsp;<\/p>\n\n\n\n<p>When we asked Sajal Khanna, CEO &amp; Co-founder at Akudo, here&#8217;s what he says about the fin-ed-tech platform for teens! <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\"><em>In a nutshell, Akudo is a digital bank for teenagers in India that gets them their own personalized prepaid card. And an app that helps them save money and unlocks rewards everytime they meet a personal finance goal.<\/em>&#8220;<gwmw style=\"display:none;\"><gwmw style=\"display:none;\"><gwmw style=\"display:none;\"><\/gwmw><gwmw style=\"display:none;\"><\/gwmw><\/gwmw><\/gwmw><\/p><cite><a href=\"https:\/\/www.linkedin.com\/in\/sajal-khanna-52aa9b126\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sajal Khanna<\/a>, CEO &amp; Co-founder at Akudo<\/cite><\/blockquote>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Jupiter\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Jupiter<\/span>&nbsp;<gwmw style=\"display:none;\"><\/gwmw><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Just like the name, the ambition of this neobanking app is out of this world too! \ud83d\ude80<\/p>\n\n\n\n<p><a href=\"https:\/\/jupiter.money\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jupiter<\/a> is a neobank that aims to provide a paperless &amp; seamless banking experience to users in the country.&nbsp;When we reached out to the Jupiter team, here&#8217;s what they say about the neobank&#8217;s prowess.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\"><em>&#8220;Jupiter was built to make banking simple &amp; fun. Money seeps into every aspect of life, and so managing it should be painless and intuitive. We&#8217;ve made it super quick to get started with us: you can open a savings account in 3 minutes. You get instant, 24\/7 support for any help you may need. Always.&nbsp;<\/em>&#8220;<\/p><p style=\"font-size:20px;\">&#8220;<em>On our app, you can easily track your spends in real-time. You get 1% rewards that never expire. There are no hidden fees, no unexpected charges. Just a 100% digital, completely transparent experience that puts you first. That&#8217;s the way banking&nbsp;should&#8217;ve worked all along, but didn&#8217;t \u2013 and we&#8217;re here to fix that.<\/em>&#8220;<\/p><cite>Team Jupiter<\/cite><\/blockquote>\n\n\n\n<p>With this neobanking app, you can create bank accounts instantly, get a comprehensive view of your spending patterns, save wisely, and enjoy services minus any hidden fees.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2062\" height=\"1170\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-jupiter.png\" alt=\"Neobanking apps in India in 2021 - Jupiter\" class=\"wp-image-1884\"\/><\/figure>\n\n\n\n<p>Furthermore, you can create a Pot for all your savings, monitor your spending goals, and put your investments in auto-pilot. Oh, and earn rewards in real-time, and be sure to utilize their calculator tools to assess your financial wellness!<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"SaveIn\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">SaveIn<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Problem<\/strong>: 80% of Indians lack access to formal credit due to a lack of adequate credit histories and therefore borrow from friends, family, business partners, and other trusted relationships, especially for their short-term credit needs. This is India&#8217;s largest personal loans market and has grown by over 100% during the pandemic.<\/p>\n\n\n\n<p>However, such transactions remain unorganized, lack transparency in charging interest if any, the limited reach of lenders &amp; borrowers, and fractured repayment process. How about a neobanking app that has stepped up to cater to this untapped informal loan sector?&nbsp;<\/p>\n\n\n\n<p>When we chatted with Jitin Bhasin, Founder &amp; CEO of <a href=\"https:\/\/www.savein.money\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">SaveIN<\/a>, here&#8217;s what he has to say about the social-loan-focussed neobanking app. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\"><em>\u201cSaveIN is India\u2019s first social finance-led fintech platform that aims to organize and digitize this large market of informal, relationship-based, social loans thereby creating India\u2019s largest alternate credit data pool and helping customers graduate up the formal credit curve. We intend to supplement this with class leading banking, credit, and micro-savings\/investment products in a neo-banking partnership with banks and other financial institutions.\u201d<\/em><gwmw style=\"display:none;\"><gwmw style=\"display:none;\"><\/gwmw><\/gwmw><\/p><cite><a href=\"https:\/\/in.linkedin.com\/in\/jitinbhasin\" target=\"_blank\" rel=\"noreferrer noopener\">Jitin Bhasin<\/a>, Founder &amp; CEO, SaveIN<\/cite><\/blockquote>\n\n\n\n<p>This social finance neobank helps you to find and connect with trusted lenders in your network of acquaintances &amp; family and avail of short-term loans. Or, you can be a lender and offer loans to those in need too!&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-savein-money.png\" alt=\"SaveIn Money, one of the best Neobanking apps in India in 2021 for social finance. \" class=\"wp-image-1885\" width=\"915\" height=\"532\"\/><\/figure>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Fi_Money\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Fi Money<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Does the end of the month bank balance make your head spin, eyes bulge, and heartbreak? Well, we\u2019ve all been there, and done that. (Probably still doing it, guilty!)<\/p>\n\n\n\n<p>How about a neobanking app that helps you analyze where you spent your money? Or to save smartly? Or, even better, to earn rewards when you add a rupee to your savings jar?<\/p>\n\n\n\n<p>Meet <a href=\"https:\/\/fi.money\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Fi Money<\/a>!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-fi-money-epifi.png\" alt=\"Fi Money is a financial app for working professionals. \" class=\"wp-image-1886\"\/><\/figure>\n\n\n\n<p>This neobank caters to working professionals to enable them to spend and save wisely.&nbsp;<\/p>\n\n\n\n<p>The app has a zero balance, smart <a href=\"https:\/\/decentro.tech\/products\/savings-accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">savings accounts<\/a>, and many better management features. Fi Money offers a card with zero forex markup, the ability to withdraw money from any ATM, and transparent fees, to name a few! The interest rate for Fi Savings Accounts is 2.5%.&nbsp;<\/p>\n\n\n\n<p>Furthermore, this neobank has an auto-bot, FIT, that lets users create &amp; automate rule-based actions to save &amp; pay!&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Piggy\"><\/span>Piggy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Remember the little pink pig that stored our hard-earned pocket money in childhood? The diligent saving, in the hope, of buying something special for someday?&nbsp;<\/p>\n\n\n\n<p>Here\u2019s a neobank that extends the fine banking experience with a hint of nostalgia. <a href=\"https:\/\/www.piggy.co.in\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Piggy<\/a> is a money-saving app that provides users with banking, investment, and financial advice under a single roof.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/top-neobanks-in-india-piggy.png\" alt=\"Piggy, is a money-saving app that provides users with banking, investment, and financial advice under a single roof. \" class=\"wp-image-2722\"\/><\/figure>\n\n\n\n<p>While the banking offering comes with a savings account, a debit card, and a digital experience end-to-end, the investment provides many investment products &amp; services for wealth creation &amp; management. These include:<\/p>\n\n\n\n<ul><li>Direct Mutual Funds<\/li><li>Digital Gold<\/li><li>Track EPF<\/li><li>Simply Save<\/li><li>Tax Saving<\/li><li>Start SIP<\/li><\/ul>\n\n\n\n<p>The funds are categorized into debt, equity, and more, along with the risk level for customers to make decisions quickly.&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Niyo\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Niyo<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/goniyo.com\/home\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Niyo<\/a> is a neobank that comes with a host of modular products to simplify and enrich the experience for users:<\/p>\n\n\n\n<ul><li><strong>NiyoX<\/strong>: Zero balance savings account with up to 7% interest p.a. On savings, easy investing, ability to directly invest into mutual funds, provision for you to earn interest on the FD invested.&nbsp;<\/li><li><strong>Niyo Money<\/strong>: Mutual funds investments, tracking, &amp; management.<\/li><li><strong>Niyo Bharat<\/strong>: <a href=\"https:\/\/decentro.tech\/blog\/open-banking-vs-platform-banking\/#:~:text=Open%20banking%20involves%20sharing%20financial,one%20using%20technology%2Dcentered%20companies.\" target=\"_blank\" rel=\"noreferrer noopener\">Open banking<\/a> platform for your business and salary cards for employees. Bank partners for Niyo Bharat include ICICI Bank, YES Bank, and DCB Bank.&nbsp;&nbsp;<\/li><li><strong>Niyo Global<\/strong>: Helps users leverage 0% Forex Markup around the globe and the ability to load money in Indian Rupee and spend via 150+ currencies. All without extra charges.&nbsp;<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1436\" height=\"880\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-platforms-list-decentro-niyo-1.png\" alt=\"An image of Niyo, one of the best Neobanking Platforms in India in 2021\" class=\"wp-image-1889\"\/><\/figure>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"List_of_Popular_Business-centric_Neobanks\"><\/span>List of Popular Business-centric Neobanks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now, how about some of the finest business-centric neobanks in the country?<gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"ZikZuk\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">ZikZuk<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.zikzuk.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">ZikZuk<\/a> is a neobanking platform that aims to create a financial ecosystem that is sustainable &amp; scalable for SMEs. It empowers founders to make data-driven decisions.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1678\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-zikzuk.png\" alt=\"ZikZuk is an SME-focussed neobanking platform. \" class=\"wp-image-1890\"\/><\/figure>\n\n\n\n<p>The neobank provides credit cards for founders to avail the best credit in line, reap rewards, and analyze AI-generated reports. <\/p>\n\n\n\n<p>Furthermore, it enables businesses to meet their credit requirements quickly with Unsecured Credit on card facilities and improve efficiency with <a href=\"https:\/\/decentro.tech\/blog\/how-business-banking-as-a-service-empowers-your-customers\/\" target=\"_blank\" rel=\"noreferrer noopener\">connected banking<\/a>.&nbsp;<\/p>\n\n\n\n<p>ZikZuk\u2019s Business Finance Manager product helps SMEs to focus on growth and get better financial insights.&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"North_Loop\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">North Loop<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Are you far away from home, in a distant country, and feel like you\u2019re struggling with important financial chores? Is it hard to juggle money &amp; investments in your home country and the new one simultaneously?<\/p>\n\n\n\n<p>Here\u2019s a neobank that facilitates banking &amp; investment for residents outside India!<\/p>\n\n\n\n<p>North Loop is a financial platform that caters to a global audience and enables banking &amp; investment services. The app removes an individual&#8217;s troubles while setting up accounts in a new country, availing credit, and managing finances within India.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1141\" height=\"742\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-platforms-list-decentro-north-loop.png\" alt=\"An image of North Loop, one of the top Neobanking Platforms in India in 2021\" class=\"wp-image-1651\"\/><\/figure>\n\n\n\n<p>A neobanking app with global banking as its vision &amp; mission and caters to both personal users &amp; businesses. Further, North Loop offers a myriad of products and services for businesses, such as:&nbsp;<\/p>\n\n\n\n<ul><li>Virtual Accounts<\/li><li>Invoicing<\/li><li>Cash Management<\/li><li>Expenses<\/li><li>Payment Gateway<\/li><li>Vendor Payments<\/li><li>Payouts<\/li><\/ul>\n\n\n\n<p>\u2026 among many others!&nbsp;<\/p>\n\n\n\n<p><strong>Pricing: <\/strong>North Loop has a free plan, Premium at \u20b91999, and Ultra at \u20b93999. In addition, there are custom solutions for freelancers to dodge the hassle of managing overseas clients.&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"RazorpayX\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">RazorpayX<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The list of neobanks would be incomplete without this fintech that has entered the unicorn club last year. Razorpay is one of the few companies from the country to enter the coveted list. <\/p>\n\n\n\n<p><a href=\"https:\/\/razorpay.com\/x\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">RazorpayX<\/a> is the neobanking player that caters to credit cards and transactional services for SMEs and startups to help them receive <a href=\"https:\/\/decentro.tech\/blog\/overcome-online-b2b-payments-challenges\/\" target=\"_blank\" rel=\"noreferrer noopener\">B2B payments<\/a> from clients and make payouts to vendors.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2190\" height=\"1522\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-platforms-list-decentro-razorpayx.png\" alt=\"An image of Razorpay X, one of the best Neobanking Platforms in India in 2021\" class=\"wp-image-1657\"\/><\/figure>\n\n\n\n<p><strong>Pricing<\/strong>: RazorpayX comes with 3 plans: Basic, Pro, and Enterprise, based on the need of your business. <gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"List_of_Upcoming_Neobanks_in_2025\"><\/span>List of Upcoming Neobanks in 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>We&#8217;d love to shout out to the upcoming players who are all set to disrupt the industry with their unique approaches to neobanking. <\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Freo\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Freo<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Meet Freo, the country\u2019s first credit-led neobanking app by MoneyTap. <\/p>\n\n\n\n<p>The child company of MoneyTap, <\/p>\n\n\n\n<p>The child company of <a href=\"https:\/\/decentro.tech\/blog\/streamlining-credit-for-consumers-by-10x-with-moneytap\/\" target=\"_blank\" rel=\"noreferrer noopener\">MoneyTap<\/a>, Freo enables customers to have a superior banking experience, avail credit, and manage their capital better.&nbsp;Freo&#8217;s digital bank products are freo pay,&nbsp;<a href=\"https:\/\/freosave.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">freo save<\/a>, and freo cards.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-freo-moneytap.png\" alt=\"Freo by MoneyTap, is one of the upcoming Neobanking apps in India in 2021.\" class=\"wp-image-1891\"\/><\/figure>\n\n\n\n<p>With credit driving the business, Freo will provide more products to customers, essentially everything a bank does- such as <a href=\"https:\/\/decentro.tech\/products\/accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">bank accounts<\/a>, loans, credit, <a href=\"https:\/\/decentro.tech\/blog\/what-is-buy-now-pay-later-bnpl\/\" target=\"_blank\" rel=\"noreferrer noopener\">Buy Now Pay Later<\/a>, etc.&nbsp;<\/p>\n\n\n\n<p>When we asked Anuj Kacker, Co-Founder, Freo, what makes this neobank different from the others, here is what he has to say. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\">&#8220;<em>Keeping the customer in the centre of the banking experience is important to (Freo\u2019s) vision of building better financial access for our customer base throughout their lifetimes. Even when we started in 2015, hearing customers&#8217; feedback and using that to improve our product was the main focus. In order to make sure processes were more efficient and worked better in real-time, there was additional importance given to deep technological integrations with our banks and capital partners to add more convenience to the customer.<\/em>&#8220;<\/p><p style=\"font-size:20px;\"><em>&#8220;As a master brand, Freo offers our teams the unlimited possibilities to create and launch new products that allow for smarter utilisation of an individual\u2019s money. It also helps us become a one-stop-shop for people to get all their financial needs met, be it a savings account, better credit products, or a better credit profile, among other things.&#8221;<\/em><\/p><p style=\"font-size:20px;\">&#8220;<em>Neobanks aren&#8217;t a unique concept today and many have been launched in the last 2-3 years in India. But while most of them have a primary focus on goal-based savings or investment, Freo will be India\u2019s first Credit led Neo Bank. Being credit-led is our main differentiator and the USP.<\/em>&#8220;<\/p><cite><a href=\"https:\/\/www.linkedin.com\/in\/anujkacker1\/\" target=\"_blank\" rel=\"noreferrer noopener\">Anuj Kacker<\/a>, Co-Founder, Freo<gwmw style=\"display:none;\"><\/gwmw><\/cite><\/blockquote>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"mewt\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">mewt<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/mewt.in\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">mewt<\/a> is an upcoming neobank that caters to MSMEs and provides exceptional banking services. <gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<p>MSMEs often find it difficult to manage their money flow; missing an EMI payment affects their credit score. mewt aims to help these businesses resolve these challenges and empower them with hassle-free money management.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-mewt.png\" alt=\"Mewt, one of the upcoming Neobanking apps in India in 2021.\" class=\"wp-image-1892\"\/><\/figure>\n\n\n\n<p>The key services of mewt include:&nbsp;<\/p>\n\n\n\n<ul><li>Current Accounts<\/li><li>Debit Cards \u2192 Online &amp; offline transactions<\/li><li>Money Transfers&nbsp;<\/li><li>Instant Credit \u2192&nbsp; Easy account creation, same-day disbursals, and unlimited withdrawals<\/li><\/ul>\n\n\n\n<p>When we asked Rishabh Jain, CEO &amp; Co-founder at mewt, here&#8217;s what he has to say about the MSME-centric neobanking app!<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\"><em>mewt (myoot) is modernizing banking for SMEs of Bharat by creating a supercharged bank account for them where they can combine all their accounts in one place, get 15 days of interest free credit, and earn 1% cashback on all supercharge card. mewt is bringing the privileged banking to the underserved MSMEs &amp; making missed-EMIs history.<\/em><\/p><cite><a href=\"https:\/\/www.linkedin.com\/in\/therj\/\">Rishabh Jain<\/a>, CEO &amp; Co-founder at mewt<gwmw style=\"display:none;\"><\/gwmw><\/cite><\/blockquote>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Revolut\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Revolut<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>How about a global fintech firm that became the most valuable start-up in the United Kingdom after \u00a324bn valuation taking roots in India?<\/p>\n\n\n\n<p>Meet <a href=\"https:\/\/www.revolut.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Revolut<\/a>, a UK-based fintech that caters to individuals and businesses over a bouquet of financial features &amp; services- such as multi-currency accounts, payments, <a href=\"https:\/\/decentro.tech\/blog\/decoding-economics-online-bank-to-bank-transfers\/\" target=\"_blank\" rel=\"noreferrer noopener\">online money transfers<\/a>, expenses, cards, crypto, wallets, budgets &amp; analytics, to name a few!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-revolut-india.png\" alt=\"Revolut is a UK-based neobanking platform that's expanding to India. \" class=\"wp-image-1896\"\/><\/figure>\n\n\n\n<p>The neobanking platform is reportedly investing 25 million in the Indian market, is planning a launch in 2022, and is looking to transform the way Indians perceive &amp; manage their money!<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Tide\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Tide<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A UK-based SME-focussed neobanking platform set to take root in India, with a whopping \u20b91000 crore investment, has over 350,000 SME members in the UK with a 5.5% market share and is planning an early 2022 launch!&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1402\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-platforms-list-decentro-tide.png\" alt=\"Tide is a UK-based neobanking platform that's launching in India in 2022. \" class=\"wp-image-1856\"\/><\/figure>\n\n\n\n<p>The platform helps businesses to save money and grab flexible credit options. <a href=\"https:\/\/www.tide.co\/en-in\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Tide<\/a> has announced RBL Bank as its banking partner and plans to target 5.6 million SMEs, especially in the unorganized &amp; unregistered sectors, to help them join the digital revolution!&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-default\"><p style=\"font-size:20px;\"><em>&#8220;We are passionate about helping SMEs across India digitize and use intuitive technology to help them save time (&amp; money) on the running of their businesses. With our innovative business banking solutions, Tide is committed to serving the 64-million and growing Indian SME sector and will help unleash the true potential of Indian small businesses!&#8221; <\/em><\/p><cite><a href=\"https:\/\/www.linkedin.com\/in\/gurjodhpal-singh-8234b987\/?originalSubdomain=in\" target=\"_blank\" rel=\"noreferrer noopener\">Gurjodhpal Singh<\/a>, CEO, Tide (India)<\/cite><\/blockquote>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Mahila_Money\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Mahila Money<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Did you know?<gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<p>Women\u2019s World Banking says that around 62% of Indian women are still under the shadow of the un-banked &amp; under-banked segment. Ergo, roughly <strong>411 million women<\/strong> in India are yet to enjoy financial freedom, independence, and literacy!<\/p>\n\n\n\n<p>To turn the tables and empower women and aspiring female entrepreneurs to take charge of their dreams and realize it with easy &amp; instant access to credit is <a href=\"https:\/\/www.mahila.money\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Mahila Money<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1116\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-mahila-money.png\" alt=\"Mahila Money is an online community for women to gain financial freedom and avail credit. \" class=\"wp-image-1893\"\/><figcaption><gwmw style=\"display:none;\"><\/gwmw><\/figcaption><\/figure>\n\n\n\n<p>Previously known as Sheroes Money, Mahila Money is a neobank that provides a safe women-only community. Here, women can open bank accounts digitally, get access to credit to give wings to their business ventures, big or small, and begin their financial journey while aiding them with financial advice &amp; support.<gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<p>More than 20,000 women have already signed up for the waitlist! Are you ready?<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Mool\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Mool<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.mool.one\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Mool<\/a> is a neobank focusing on wealth management, savings, investments, and innovative banking.&nbsp;<\/p>\n\n\n\n<p>The app enables users to open a smart savings account without a minimum balance, put an auto-pilot on savings &amp; investment, use curated smart plans with personalized insights, and more!&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1800\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-mool-india.png\" alt=\"Mool is a neobanking app that helps users with smart saving &amp; investments.\" class=\"wp-image-1894\"\/><\/figure>\n\n\n\n<p>Furthermore, this neobanking app facilitates instant payments, provides contactless cards for purchases, and helps build credit score as and when users transact.&nbsp;<\/p>\n\n\n\n<p>Mool partners with an RBI licensed Bank, SEBI-authorized AMCs, and IRDA licensed Insurers. Hanover to the App Store and Play Store to download and get started!&nbsp;<gwmw style=\"display:none;\"><gwmw style=\"display:none;\"><gwmw style=\"display:none;\"><\/gwmw><\/gwmw><\/gwmw><\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Dinero_AI\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Dinero AI<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>What is something that seems very simple yet it\u2019s pretty difficult?<\/p>\n\n\n\n<p>Healthy lifestyle? Good food habits? Good financial habits?<gwmw style=\"display:none;\"><\/gwmw><\/p>\n\n\n\n<p>Well, I found myself nodding to all of them, sigh! Well, if you are too, then you\u2019ll need to block your calendar to meet Dinero AI- a neobanking app for the financially savvy &amp; the otherwise savvy people too!<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1864\" height=\"885\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-apps-list-decentro-dinero-ai.png\" alt=\"Dinero AI is an upcoming neobanking app for millenials. \" class=\"wp-image-1895\"\/><\/figure>\n\n\n\n<p>Why? Dinero AI provides a forum for people to come together and discuss everything: money, finance, and fun! This neobank helps Gen Z and millennials to reap the rewards by inculcating good financial behavior!<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"List_of_Neobanks_by_Traditional_Banking_Institutions\"><\/span>List of Neobanks by Traditional Banking Institutions&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When fintechs are powering through with innovative solutions, banks aren\u2019t far behind either. With a large customer base, banks have taken up the task of providing exceptional banking solutions; and now even neobanking, especially for the millennial crowd.&nbsp;<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Kotak_811\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Kotak 811<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Kotak 811 is a new-age bank account offered by Kotak Mahindra Bank that is the country\u2019s first savings account you can open with just video KYC and via zero-contact!&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"1080\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-platforms-list-decentro-811-kotak.png\" alt=\"Kotak 811, a neobank by Traditional Banking Institutions.  \" class=\"wp-image-1663\"\/><\/figure>\n\n\n\n<p>What are some of the features provided?&nbsp;<\/p>\n\n\n\n<ul><li>Earn up to 4% interest per annum on your savings account balance<\/li><li>Enjoy banking without a balance commitment<\/li><li>Shop online easily with virtual debit cards &amp; apply for physical cards too.&nbsp;<\/li><li>Transfer funds online without any charges via NEFT, IMPS, RTGS<\/li><\/ul>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Digibank_by_DBS\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Digibank by DBS<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Digibank provides instant onboarding, simplified payments, higher security, and rewards to users on their fully-online savings account.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2880\" height=\"964\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-platforms-list-decentro-digibank-dbs.png\" alt=\"Digibank, a neobank by Traditional Banking Institution DBS.\" class=\"wp-image-1664\"\/><\/figure>\n\n\n\n<p>Some of the key features provided by this neobanking application include:&nbsp;<\/p>\n\n\n\n<ul><li>Universal Banking Remote to integrate all your bank accounts into digibank.<\/li><li>OTP-less, secure authentication via their in-built Soft Token<\/li><li>Easy tracking of your spends across categories with the Optimiser feature<\/li><li>Account-details sharing with just a click<\/li><li>Contact-less payments and smarter bill payments with Scan &amp; Pay and Tap &amp; Pay features.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Yono_by_SBI\"><\/span><span style=\"color:#20509e;font-weight: 650\" class=\"has-inline-color\">Yono by SBI<\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yono&#8217;s neobanking app by SBI, the first and oldest bank in India, comes with a host of services for corporate financial needs. Be it Corporate Internet Banking, Cash Management Product, Supply Chain Finance, eForex, or eTrade.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"2856\" height=\"1416\" src=\"https:\/\/decentro.tech\/blog\/wp-content\/uploads\/best-neobanking-platforms-list-decentro-yono-sbi.png\" alt=\"Yono by SBI, a neobank by Traditional Banking Institutions. \" class=\"wp-image-1665\"\/><\/figure>\n\n\n\n<p>It offers <a href=\"https:\/\/decentro.tech\/products\/payments\/\" target=\"_blank\" rel=\"noreferrer noopener\">diverse payment options<\/a> to businesses, electronic financing schemes to vendors &amp; dealers, instant transactions &amp; reconciliation, to name a few.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Wrapping_Things_Up\"><\/span>Wrapping Things Up!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Phew! That was a long read. But, a true testament to how the neobanking space in India is growing and thriving.&nbsp;<\/p>\n\n\n\n<p>Are you a neobank looking to spread your wings and kick-start growth in this evolving sector? Or, are you an existing neobank who wishes to expand services &amp; product offerings to your clients? We can help!&nbsp;<\/p>\n\n\n\n<p>Decentro\u2019s simple plug-and-play <a href=\"https:\/\/decentro.tech\/blog\/why-your-company-should-start-looking-at-banking-apis\/\" target=\"_blank\" rel=\"noreferrer noopener\">banking APIs<\/a> help neobanks such as yours to perform any banking operations easily on your platform and enable the same for your customers, partners, and vendors! <\/p>\n\n\n\n<ul><li>Create accounts in real-time <\/li><li>Verify all users and onboard them in real time with our <a href=\"https:\/\/decentro.tech\/products\/kyc-onboarding\/\" target=\"_blank\" rel=\"noreferrer noopener\">KYC APIs<\/a>, <\/li><li>Simplify your collections via UPI, <\/li><li>Enable instant fund settlements, <\/li><li>Reconcile all payments in real-time with <a href=\"https:\/\/decentro.tech\/blog\/what-are-virtual-accounts\/\" target=\"_blank\" rel=\"noreferrer noopener\">virtual accounts<\/a>, <\/li><\/ul>\n\n\n\n<p>We\u2019re super happy to enable the same for our beloved customers FamPay, NorthLoop, <a href=\"https:\/\/decentro.tech\/blog\/how-ocareneo-transforms-healthtech-with-simplified-payouts-reconciliations\/\" target=\"_blank\" rel=\"noreferrer noopener\">OcareNeo<\/a>, Freo by <a href=\"https:\/\/decentro.tech\/blog\/streamlining-credit-for-consumers-by-10x-with-moneytap\/\" target=\"_blank\" rel=\"noreferrer noopener\">MoneyTap<\/a>, and Mewt and, in turn, provide a superior experience to their customers, partners, and merchants!&nbsp;&nbsp;<\/p>\n\n\n\n<p>Intrigued? Hop onboard along with them. Here&#8217;s all you can bag with our <a href=\"https:\/\/decentro.tech\/verticals\/neobanks\/\" target=\"_blank\" rel=\"noreferrer noopener\">APIs for Neobanks<\/a>!&nbsp;<\/p>\n\n\n\n<p>Do you have any further suggestions that we can add to this list? Drop a reply to this blog!&nbsp;Or, do you wish to put your neobanking-wheels in motion? Ping us at <strong>hello@decentro.tech<\/strong>!&nbsp;<\/p>\n\n\n\n<p>Until we see you next time with yet another read.<\/p>\n\n\n\n<p>Cheers!&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"has-text-align-center\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h5>What is the meaning of Neobank?<\/h5>\n\n\n\n<p>A Neobank is an entity that provides banking services to customers. Since the Reserve Bank of India has yet to issue Neobanks in India banking licenses, they offer services in collaboration with a licensed bank.<\/p>\n\n\n\n<h5>Can Neobanks accept deposits?<\/h5>\n\n\n\n<p>No, Neo banks in India cannot accept deposits or offer any loans on their own. Accepting deposits and lending are reserved for entities with a banking license. Since Neo banks do not have a banking license, they can neither accept deposits nor issue loans on their books.<\/p>\n\n\n\n<h5>How do Neobanks work?<\/h5>\n\n\n\n<p>Neo banks offer several financial services digitally through collaborations with licensed banks nationwide. They leverage technology, innovation, and a low-cost operational model to provide high-quality and personalized services to customers.<\/p>\n\n\n\n<h5>What is the difference between Neobank and Digital Bank?<\/h5>\n\n\n\n<ol><li>Neo banks are digital-only banks operating without physical branches or legacy systems.<\/li><li>Digital banks are traditional banks that have added digital channels to their services.<\/li><li>Both types of banks are regulated and offer financial services such as checking and savings accounts, loans, and debit cards.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The neobanking space is witnessing groundbreaking traction. Here are the top &#038; upcoming 21 neobanks in 2025!<\/p>\n","protected":false},"author":4,"featured_media":6749,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[116],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>23 Top (&amp; Upcoming) Neobanking Apps in India in 2025 - Decentro<\/title>\n<meta name=\"description\" content=\"A carefully curated list of the 23 Top &amp; upcoming Neobanking Apps in 2025. 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