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FriMi Round Up Savings

Want to save money while spending?

Nihla Jayman avatar
Written by Nihla Jayman
Updated over 11 months ago

By enabling FriMi Round Up savings, a new Savings Account will be created for you as Round Up Savings.

Where all transactions performed by you (excluding fees), will be rounded up and the amount saved will be automatically transferred to your FriMi Round Up Savings Account.

Selected Round Up Amounts are as follows,

LKR. 50

LKR.100

LKR.500

Example - If you have selected for the account to be rounded up to the nearest LKR 50.00 and you perform a bill payment for LKR 35.00, the round up saving of LKR 15.00 will be instantly transferred to the Round Up Savings Account.

Features of FriMi Round Up Savings

• FriMi Round Up Account can be viewed through the FriMi App.

• The Interest Rates will given according to the balance of the account. For more details on interest rates kindly refer https://www.frimi.lk/faqs

• Interest will be calculated daily (per annum) and credited to your Round Up Savings Account monthly.

• You can only have one Round Up Savings Account at a given time.

• Transaction History of the FriMi Round Up Savings Account can be viewed through the FriMi App itself.

Let’s open a FriMi Round Up Savings through the below path;

Please follow the below path to create a FriMi Round Up Savings.

Login to the FriMi app > Tap on Round Up Savings option on homescreen > Select the Round up amount > Continue > read and Accept Terms and conditions > check the details and Confirm.

To close the FriMi Round Up Savings, follow the below path;

Please go through the path below to close the FriMi Round Up Savings account.

Login to the FriMi app > FriMi Round Up Savings > Tap on close > Continue > Confirm.

If any balance available in the FriMi Round Up Savings account, it will be transferred to the FriMi account

If you want to make any changes in your Round Up savings, go through the below path;

Please go through the below path to edit the FriMi Round Up Savings account.

Login to the FriMi app > FriMi Round Up Savings > Tap on Edit> Select the preferred Round up amount > Confirm.

You can also make pause or restart your Round Up savings by going through the below steps;

Please go through the below path to Pause/ Restart the FriMi Round Up Savings account.

Login to the FriMi app > FriMi Round Up Savings > Tap on Pause/ Start

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