Fintrext Finance: Fuelling financial progress through deposit growth and innovation

Fintrext Finance shares in this interview key factors behind its impressive performance in deposits and savings accounts

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Fintrext has shown impressive growth in deposits and savings accounts this year. What were the key factors behind this performance?

FY 2024/25 was a transformative year for Fintrex. Our deposit base grew by an impressive 54.7%, increasing from Rs. 6.3 billion to Rs. 9.7 billion. This exceptional growth was driven by strong customer confidence, improved interest rate structures, and a focused retail mobilisation strategy. Our continued investment in building the Central Fixed Deposit team, enhancing branch-level excellence, consistent staff training, and dynamic leadership also played a pivotal role in expanding both Fixed Deposits (FD) and Savings Account (SA) portfolio.

Can you elaborate on the FD and SA portfolio’s specific features that attract investors?

Absolutely. We believe deposit mobilisation should go hand in hand with innovation, personalised relationships, and effective word-of-mouth communication. Our Fixed Deposit and Savings Account portfolios are crafted to provide stability, flexibility and added value making them stand out in today’s competitive financial landscape.

The “Vishvasa” Fixed Deposit scheme offers interest payout flexibility—monthly, quarterly, or annually tailored to align with customer cash flow preferences. We also provide up to 90% cash-backed facilities against FDs, ensuring liquidity without disrupting long-term investments.