Finlok Group Savings App -Save, borrow, earn money

Finlok is India’s1st Group Savings appthat brings friends together to save money, access credit and get attractive returns. It follows the models of bhishi, committee, kitty, family chitty, and money-pools.

With Finlok a group of friends can develop a regular saving discipline, create a lump sum amount and get early access to funds.

Why Finlok is the app for your group?
1. Hasslefree registration - No documentation & no registration fee to use Finlok.
2. Self-managed savings group - Create and operate a savings group with your friends and relatives
3. Flexibility - You choose the amount, payment cycle, number of members and payment date
4. Convenience - Allows group members to stay updated, informed and make timely payments towards their groups - any time anywhere
5. Transparency - Each member of the group is informed about all updates related to their group
6. No fund-locking - No deposits with Finlok. All payments are direct bank transfers between group members. Gives convenience banking experience
7. Secure - No IFSC code, Bank account details stored or shared with Finlok. Finlok uses BHIM-UPI powered by Yes Bank (integrated with more than 95 banks across India). This ensures members can transact safely, securely and instantly through Finlok
8. Saving protection - No need to break your group saving cycles! Finlok’s unique saving protection helps members continue their group payments even during emergencies or cash crunch situations
9. Finlok Rewards Program - Save with friends and earn Finlok rewards; you can find more details (
10. Finlok Bidding Groups - Get the benefits of high returns along with group saving with Finlok’s new product. You can find more details (

The application is based on the models of bhishi, committee and money pools that have operating in more than 90 countries across the world for centuries. The Finlok app brings this tradition to the digital age bringing with its safety, security, transparency, convenience and social connectivity.

What are benefits of group saving?
Group saving is right for you; if you are someone who -
. Wants to save effectively
. Wants to plan for an expense a few months from now (holidays, large purchase etc.)
. Would like to stay involved with your friends or relatives despite distance and busy lives
. Would like to help a friend develop a saving habit.

Most of us face these problems. What we don't realize is that many in our social networks are also dealing with similar challenges. Finlok allows such like-minded and trusted friends to get together to help themselves and each other.

Finlok Rewards Program
Saving with friends on Finlok has just become even better! Finlok rewards programs provide benefits to the users based on their group position. So while the users that receive funds in the initial cycles benefit from early access to funds (credit) the users receiving funds in later cycles benefit for their saving discipline through the Finlok rewards program. Find more details here(

Are there are any charges?
The first two groups for all users are free of charge. Currently, the user can operate two savings groups for free. After that Finlok applies a one time fee of Rs 5 or 0.1% of the total group amount to each member of the group; whichever is higher.

Why Finlok charges for group savings?
Using Finlok for your group saving provides the convenience of -
1. Not having to withdraw cash from a bank/ATM
2. Not having to travel anywhere to hand over cash to the beneficiary
3. Not having to go to your bank to deposit collected cash.
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What's New

New improved version with following features:
* Multi-language support
* Loan Service on Group Savings
* Sorted groups
* Improved Notifications
* Rewards Program on Group Savings
* Bidding Group (Higher Returns)
* UI improvements
and more...
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Additional Information

September 10, 2018
Current Version
Requires Android
4.1 and up
Content Rating
Offered By
Janmitr Solutions Pvt. Ltd.
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