These accounts, which feature minimal or zero balance requirements and no-fee services, provide low-cost banking access to a broader...
NFAs grow by 4.22pc year-on-year
The number of No-Frill Accounts (NFAs) increased by 0.9 per cent compared to the previous quarter and 4.22 per cent year-on-year, according to a report. The largest proportion of these accounts is linked to Social Safety Net (SSN) programmes, comprising 37.12 per cent of the total, followed by farmer accounts, which represent 36.95 per cent.
