Revolutionizing Indian Finance: Torus Digital and SSFB's 3-in-1 Account

Torus Digital, a pioneering wealth technology firm, has entered a strategic alliance with Suryoday Small Finance Bank (SSFB), based in Navi Mumbai, to introduce a 3-in-1 Savings and Investment Account. This partnership taps into the burgeoning Indian market, where digital investment accounts are growing rapidly, with nearly two million new accounts monthly.

The 3-in-1 account integrates savings, trading, and demat services, offering a savings interest rate up to 7.75%—significantly higher than traditional banks. It aims to simplify financial management with features like zero-balance accounts, flat-rate trading across major stock exchanges, and a lifelong free demat account, coupled with potential investment returns as high as 15% annually.

Suryoday Small Finance Bank, already serving a vast customer base, is using this collaboration to upscale its digital offerings and reach a wider audience, enhancing customer experience by merging traditional banking with modern investment solutions. This initiative is poised to foster financial inclusion through digital innovation, targeting an AUM of ₹4,000–5,000 crore in a brief span.

(With inputs from agencies.)