If you are looking for a modern banking solution that combines a lifetime free credit card, savings account, and UPI payments into one product, the Roarbank app from Unity Small Finance Bank (SFB) may just catch your eye.
Table of Contents
About Roarbank
Roarbank is a hybrid banking product by Unity Small Finance Bank. Unlike traditional bank accounts, it combines three major financial services into one:
- Credit Card – RuPay-powered, lifetime free, with cashback benefits.
- Savings Account – Interest up to 7% p.a., making it one of the highest in India.
- UPI Payments – Pay seamlessly via QR, Shake-to-Pay, or standard UPI routes.
This all-in-one card is digital-first, meaning you can apply, activate, and use it entirely through the Roarbank mobile app.
Roarbank App Review
The Roarbank App is the core of this product. Available on Google Play and App Store, it allows you to:
- Get instant virtual credit card after approval.
- Open a linked savings account with Unity SFB.
- Pay via UPI and QR using the same app.
- Control card usage, spending limits, and PIN.
- Access real-time statements and analytics.
- Enable dark mode for better app experience.
User Feedback from Google Play and Forums
Customer reviews highlight both strengths and weaknesses:
Positive Feedback
- Easy sign-up and app-based control.
- Customer support is responsive for many users.
- Stylish design and cashback rewards appreciated.
Complaints
- Video KYC delays (some reported waiting over 30 minutes).
- Payment settlement lags, especially for bill payments.
- App feels “unpolished” compared to mature banking apps.
Roarbank FD Rates and Savings Interest
One of the strongest attractions of Roarbank is its high FD and savings interest rates.
- Savings Account:
- Up to ₹1 lakh – 6% p.a.
- ₹1–5 lakh – 7.25% p.a.
- Above ₹5 lakh – 7.5% p.a.
- Fixed Deposits (FDs):
- Rates are competitive with other small finance banks.
- Expected to range between 7%–8.5%, depending on tenure.
This makes Roarbank not only a spending card but also a profitable savings option.
Roarbank Credit Card Review
The Roarbank Credit Card stands out with its benefits:
- Lifetime Free – No joining or annual charges.
- Up to 20% Cashback – On chosen categories like food, travel, or shopping.
- 62 Days Interest-Free – Longer than most credit cards in India.
- Full Control in App – Lock/unlock instantly, set spending limits.
- RuPay Network – Works with UPI Credit Card payments.
Many users on Reddit and TechnoFino forums consider this card a “game changer” for Indian consumers.
How to Open Roarbank Account
Opening an account is simple and 100% digital:
- Download Roarbank App from Google Play or App Store.
- Sign up with mobile number and Aadhaar details.
- Complete Video KYC (may take time, based on user load).
- Activate Virtual Card instantly.
- Request Physical Card (stylish black design, optional).
How to Apply Loan in Unity SFB via Roarbank
While Roarbank is primarily focused on credit card + savings, Unity Small Finance Bank also offers:
- Personal Loans
- Gold Loans
- MSME Loans
- Housing Loans
These can be applied through Unity SFB branches or their main app. Integration with Roarbank is still in development.
Customer Issues & Complaints
From community discussions, these are the main issues faced by Roarbank users:
- KYC Waiting Time: Long delays during video verification.
- Payment Delays: Transactions show as debited but not reflected instantly.
- App Glitches: Occasional login issues and lag in showing updated balance.
- Bill Payments: Some payments routed through VISA network faced delays.
Pros and Cons of Roarbank
Best Part of Roarbank
- No joining or annual fees.
- Up to 62 days interest-free period.
- Competitive FD and savings rates.
- Cashback up to 20% on select spends.
- App-based full control (PIN, limits, analytics).
- UPI + Credit + Savings all-in-one solution.
Customer Complaints
- App still unpolished compared to established banks.
- KYC and payment delays frustrate new users.
- Cashback has caps and conditions.
- Customer base is still small, hence limited peer support.
FAQs on Roarbank
Q1. What is Roarbank?
Roarbank is a digital-first hybrid banking product by Unity Small Finance Bank, offering a credit card, savings account, and UPI services in one.
Q2. Is Roarbank Credit Card free?
Yes, it is Lifetime Free with no joining or renewal charges.
Q3. How to open an account in Roarbank?
Simply download the app, sign up, and complete Video KYC to get started.
Q4. What are Roarbank FD Rates?
Savings account offers up to 7.5% p.a., and FDs are competitive at 7%–8.5% depending on tenure.
Q5. How is Roarbank different from other banks?
It combines credit + savings + UPI in one product with high interest rates and cashback rewards.
Q6. Is Roarbank safe?
Yes, it is backed by Unity Small Finance Bank, which is an RBI-regulated bank.
Q7. Can I use Roarbank for UPI payments?
Yes, UPI is integrated. If facing issues, users suggest registering via the Unity SFB app.
Conclusion
Roarbank is a bold step in the Indian digital banking space. It’s attractive for:
- Young professionals looking for cashback + savings interest.
- Users who want zero annual fee credit cards.
- People who prefer all-in-one banking on mobile.
However, expect some teething issues like KYC delays and app glitches. With Unity SFB actively improving the app, Roarbank has the potential to become one of India’s top hybrid banking products.
If you value rewards, flexibility, and high interest on savings, Roarbank is worth trying in 2025