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Top 5 Digital Banks Offering Better Interest Rates Than Paytm Payments Bank

Paytm Bank, which is ceasing its services by March 15, provided a range of services including savings accounts, fixed deposits, debit cards, UPI, and bill payments. If you are looking for alternative options to store your money digitally without maintaining a minimum balance, there are several other digital banks available in India that offer higher interest rates, lower fees, and more features than Paytm Bank. Today we will talk about the top 5 digital banks in India that not only offer better interest rates than Paytm Bank but are also zero-balance in nature.

2.75% Interest Rate Per Annum

The Bank of Baroda B3 Silver Savings account is a digital zero-balance savings account offering a minimum interest rate of 2.75% per annum with a balance below Rs 1 lakh. It has a completely digital end-to-end account opening process with the facility of Video KYC. One can also avail of an instant Virtual Debit card.

3.0% Interest Rate Per Annum

First Select from IDFC once again a zero balance savings account where the interest rates begin at 3.0% and go up to 7.0% with a balance of up to 50 crores. Further, the interest is paid on a monthly basis compared to quarterly payments in most other banks. You also get features like VISA Signature Debit Card, free general banking services and more.

3.05% Interest Rate Quarterly

Jupiter is a digital banking platform that offers a zero-balance savings account opened in partnership with the Federal Bank. The bank provides you with an interest rate of 3.05% on your balance of less than Rs 5,00,000 every quarter—the interest rate increases as your account balances increase.

It is marketed as an all-in-one App for banking needs where most of the operations can be done through the app. Jupiter provides round-the-clock customer support and lets customers complete the KYC process digitally via a video call.

Read More: Top 5 Alternatives of Paytm Payments Bank for your Digital Banks needs

4% Interest Rate Per Annum

Kotak 811 Zero Balance Savings Account is distinct from the regular Kotak bank account and can be opened entirely online. It provides double the interest rate of what Paytm Payments bank offers and that’s 4% interest p.a. But there is a catch! A 4% interest rate is provided on a savings account balance above Rs 50 lakhs and 3.50% interest p.a. on a savings account balance up to Rs 50 lakhs.

4.25% Interest Rate Per Annum

Paytm payments bank higher interest rate

This account from RBL bank is a zero balance savings account where it will offer interest rate of 4.25% for a balance below Rs 1 lakh, 5.50% up to 10 lakhs and so on, the interest rate increases up to 7.50% at a maximum. The account will also offer a free RuPay debit card, online bill payment services, phone banking, mobile banking, banking and alerts, e-statements, internet banking services and more.

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OpenAI Sora: AI Model for Video Creation, but it is not ready for mass adoption

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OpenAI made headlines on Friday with the introduction of its latest AI model, Sora, which is capable of transforming text prompts into minute-long videos. The excitement surrounding Sora stems from its exceptional performance, surpassing many existing AI tools in this domain.

Unprecedented Realism and Detail

Sora’s ability to produce remarkably realistic and detailed videos has captivated observers. OpenAI CEO Sam Altman and a select group of testers have shared impressive results, showcasing Sora’s proficiency in generating lifelike characters and vivid emotions.

Understanding Language and Physical World

According to OpenAI’s blog post, Sora boasts a profound comprehension of language, enabling it to accurately interpret prompts and create compelling characters that reflect vibrant emotions. The model not only comprehends user prompts but also grasps the physical context in which they exist.

Versatility and Coherence

Unlike many text-to-video models, Sora can generate videos in various styles, including photorealistic, animated, and black and white, extending up to a minute in duration. These videos maintain coherence, avoiding common pitfalls associated with AI-generated content, such as unnatural movements or unrealistic scenarios.

Accessibility and Future Plans

Currently accessible only to designated red team members and select creative professionals, Sora serves as a tool for scrutinizing potential risks and gathering feedback for further refinement. However, OpenAI aims to make the model available to a broader user base eventually, emphasizing collaboration and feedback from external stakeholders.

Challenges and Road Ahead

Despite its prowess, Sora encounters challenges, notably in comprehending cause and effect and spatial awareness. Instances where Sora generates videos with inconsistencies, like a cookie lacking a bite mark after being bitten, underscore areas for improvement.

Safety Measures

Amid concerns about misuse and misinformation, OpenAI prioritizes safety measures for Sora. The company plans to develop detection tools for misleading content and implement existing technologies to filter out harmful text prompts. However, the effectiveness of these measures remains uncertain, given the persistent efforts to exploit vulnerabilities in AI systems.

Take Away

As OpenAI continues to refine Sora and navigate potential risks, unveiling this innovative AI model heralds a significant advancement in text-to-video technology, promising broader applications across various industries while prompting critical discussions on AI ethics and safety.

Trust Building Measure: OnePlus 12R Buyers Offered Full Refund

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In an effort to address a recent oversight, OnePlus has announced that buyers of the higher storage configuration of the OnePlus 12R smartphone can now seek a full refund until mid-March. The company admitted to mistakenly listing the handset with UFS 4.0 storage instead of the intended UFS 3.1, which is consistent with the base storage option. Launched in tandem with the flagship OnePlus 12, the OnePlus 12R boasts a Snapdragon 8 Gen 2 chipset, 16GB of RAM, and storage options of up to 256GB.

Details Unveiled by OnePlus President and COO

Clarifying the situation further, Kinder Liu, President and COO of OnePlus, reiterated the company’s stance on the matter. Liu assured affected customers that those who purchased the 256GB storage variant of the OnePlus 12R are entitled to a full refund until March 16. Additionally, Liu emphasized that OnePlus’s customer service teams are fully briefed on the situation and ready to assist customers accordingly.

Refund Process Explained

According to Liu’s statement, buyers seeking a refund must contact OnePlus’ customer service to initiate the process. This one-month refund window, ending on March 16, allows buyers to return their OnePlus 12R handsets.

OnePlus 12R: A Bridge Between Affordability and Flagship Features

Introduced in global markets and India just last month, the OnePlus 12R ships with Android 14-based OxygenOS 14 out-of-the-box. It showcases a 6.78-inch LTPO 4.0 with a 120Hz refresh rate, safeguarded by Gorilla Glass Victus 2. Under the hood, it is powered by Qualcomm’s Snapdragon 8 Gen 2 chip, accompanied by up to 16GB of and 256GB of UFS 3.1 storage.

Camera and Battery Specs

The OnePlus 12R boasts a 50-megapixel primary camera, which features a Sony IMX890 sensor. It also has an 8-megapixel ultra-wide-angle lens and a 2-megapixel to complement the primary camera. For selfies, it has a 16-megapixel front camera. The phone is powered by a strong 5,000mAh battery that supports 100W SuperVOOC charging.

Take Away

OnePlus’ decision to offer full refunds demonstrates its commitment to customer satisfaction and transparency. The company’s swift response to rectify the situation underscores its dedication to maintaining trust and reliability among its user base.

Will Carl Pei Bhai impress Bros?

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Carl Pei, the tech entrepreneur known for co-founding OnePlus and now leading Nothing, is in the news with his recent social media persona shift. In a bid to connect with the Indian market ahead of the Nothing Phone 2A launch, Pei has adopted the moniker “Carl Bhai” (brother in Hindi), joined by his colleagues on the X social media platform.

Pei began the campaign on X after the speculations of Nothing India roping in Ranveer Singh as the brand ambassador started spreading. Pei replied to a user on X, “We want to sell more phones bhai,” when asked why a brand ambassador is needed for the brand. When one of the users replied that “Carl Pei becomes Carl Bhai”, that’s when Pei decided to add the moniker to his X profile name.

Soon after, Nothing India added the same to their profile name, followed by content creator SuperSaf and the other co-founder of Nothing. The campaign gained traction on the social networking site and soon came on the trending page as well.

Will the “Bhai” campaign work for Nothing?

Pei’s use of “bhai” is not merely a linguistic switch. It’s a calculated attempt to tap into the Indian cultural context and show the Indian audience that its upcoming smartphone launch has India as one of its key markets. By using familiar and friendly terms, Pei seeks to bridge the gap between foreign brands and Indian consumers.

The use of the term “bhai” makes Pei more relatable to the community. Further, the unexpected move has garnered significant online attention, creating free marketing and sparking discussions about Nothing’s India’s strategy. In addition, by adopting a local touch, Pei tries to portray himself as someone who understands the Indian market and its preferences.

Read More: Nothing Phone 2a Confirmed: Expected Features, Launch, and Price

While it may be a masterstroke in the marketing world, it could have negative implications, too. The move could be seen as inauthentic or pandering if not executed carefully. Overdoing the “bhai” persona might backfire. Ultimately, the phone’s features, price, and performance will hold more weight in purchase decisions than Pei’s online persona.

While the “Bhai” move might generate short-term buzz, its long-term impact on sales remains uncertain. Ultimately, the success of Nothing Phone 2A in India will depend on a combination of factors, including the phone’s value proposition, marketing efforts, and brand perception. If the phone doesn’t speak for itself at the time of launch, then it could go completely haywire no matter how effective the marketing effort is.

Former marketing tactics

Pei has always been a marketing genius for his specialities; in the past, he has adopted unconventional ways to promote his brand and products. In the case of Nothing, he began reviewing the competitors of the brand’s own products to garner attention. Moreover, to show the brand is taking feedback, Pei also watches other reviewers reviewing Nothing products to find out what they think about the offering.

One of the traditional ways Pei has followed with Nothing, which he also did with OnePlus, was the invite system in the initial days of the brand. The invite system to purchase a product creates not only hype but also exclusivity, which attracts people.

Samsung Galaxy F15: India Price, Launch Date, And More

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Samsung is set to expand its budget lineup of smartphones in India with the launch of a new model called ‘Galaxy F15’ soon. From the design to its specifications along with a launch date and a rumoured price range, everything about the Galaxy F15 has been detailed online in leaks. Here’s all that information compiled for you.

Galaxy F15: Launch Date

As per a Smartprix report, the Galaxy F15 will launch in India on February 22, the same day when the iQOO Neo 9 Pro will also be launched. Some teaser posters of the handset were also revealed, which showed the design of the handset to be similar to some of the former smartphones from the company.

Galaxy F15: Specifications

The Galaxy F15 could get a 6.5-inch full-HD+ (2,340 x 1,080 pixels) Super with a refresh rate of 90Hz. An octa-core MediaTek Dimensity 6100+ SoC and a Mali G57 GPU may power the phone.

It may come with a built-in storage of 128GB, which could support expansion. The phone will come with One 6 pre-loaded, which is based on Android 14. It should get 4 years of major OS upgrades along with 5 years of security patches.

The triple camera setup on the back may comprise of a 50-megapixel primary sensor with 10x magnification, a 5-megapixel ultra-wide-angle lens, and a 2-megapixel camera with a macro sensor. The front camera has a 13-megapixel sensor.

The F15 may include a 6,000mAh battery that supports 25W wired fast charging. It further will get a side-mounted fingerprint sensor for security. Connectivity options could include v5.1, Wi-Fi 5, 5G, NFC, and a USB-C port for charging.

Galaxy F15: Expected Price

The Samsung Galaxy F15 is expected to be priced aggressively in India with a price tag of below Rs 15,000. However, an official announcement from the brand is awaited.

UFS 3.1 vs UFS 4.0: Why Is It a Big Deal For Some Users?

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For the average smartphone user, the difference between 3.1 and UFS 4.0 storage might seem negligible. But for power users who demand the absolute best performance from their devices, the upgrade to UFS 4.0 is a significant leap forward. Let’s delve into the details of these storage standards and explore why UFS 4.0 is a game-changer for specific user groups.

What is UFS standard?

UFS stands for Universal Flash Storage, and it refers to a common flash storage standard used in electronic devices such as smartphones, tablets, and other portable devices. UFS is designed to provide high-speed data transfer and reliable storage capabilities for these devices. The standard is governed by the JEDEC Solid State Technology Association, which sets industry standards for semiconductor devices.

UFS 3.1 vs UFS 4.0

The most apparent difference between UFS 3.1 and UFS 4.0 lies in their raw speed. UFS 4.0 boasts nearly double the sequential read and write speeds compared to its predecessor. In numbers, UFS 4.0 doubles the sequential read from 2.1GB/s to 4.2GB/s and more than doubles the sequential write to 2.8GB/s from 1.2GB/s. This results in some real-world improvements too, which include:

  • Faster loading and multitasking: UFS 4.0 allows apps to launch and switch between tasks noticeably faster, creating a smoother user experience.
  • Reduced loading times in games and heavy applications: Professionals who rely on demanding apps like video editing software or mobile workstations will experience significant improvements in loading speeds.
  • Faster file transfer: Transferring large files like videos or high-resolution photos will be significantly quicker with UFS 4.0.

UFS 4.0 isn’t just about raw speed but also about improved efficiency across the board. It also boasts impressive improvements in power efficiency, consuming 46% less power than UFS 3.1. This translates to extended battery life, especially for users who heavily utilize their storage. Additionally, UFS 4.0 introduces newer features over UFS 3.1 like host performance counters and data consistency guarantees, enhancing data integrity and security.

Read More: OnePlus Apologises For OnePlus 12R Goofup!

Why is UFS 4.0 a big deal for some users?

While UFS 4.0 offers benefits for all users, it particularly caters to specific groups who regularly perform demanding tasks that require higher power. This includes mobile gamers who demand smooth gameplay without frame drops or stuttering will appreciate the faster loading times and improved responsiveness of UFS 4.0.

Then there are creative professionals who work with large files, such as videographers, photographers, and graphic designers, will benefit from the significant speed boost in file transfer and app loading. Finally, there are early adopters and tech enthusiasts who crave the latest and greatest technology will find the performance gains of UFS 4.0 appealing.

Verdict

For casual users, such as those who primarily use their phones for basic tasks such as browsing the web, checking email, and social media, the difference between UFS 3.1 and UFS 4.0 may not be very noticeable. However, for power users who prioritize speed, performance, and efficiency, UFS 4.0 represents a significant upgrade. As more devices adopt this new standard, the gap between UFS 3.1 and UFS 4.0 will likely widen, making UFS 4.0 the preferred choice for future-proof performance.

Moto G04 Review: Banking On Design

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Motorola is on a launch spree and has been cementing its place in the budget segment since the beginning of 2024. It has made a new addition to its G-series called the Moto G04, starting at Rs 6,999 and going up till Rs 7,999 for the top-end model. Here’s our detailed review of the Moto G04, by the end of which, you can find out whether this device is for you or not.

Design & Display

Moto g04 review

Motorola has been focusing on the design language of its smartphones of late. It’s commitment towards creating a unique and premium design shows in the Moto G04 as well. The sea green shade we have with us has a shimmer to it and a matte finish that feels really impressive in hand.

The flat edges account for a good grip in the hand while the edges of the display are reachable easily as well. There’s a fingerprint sensor at the right side which works as it should without any major issues. The handset is also IP52 rated so some splashes shouldn’t harm the device.

The device has the Dolby Atmos branding at the top and it gets a single speaker compared to the stereo speaker setup on the Moto G24 Power which sits slightly above the Moto G04. At this price, we cannot complain because even the single bottom firing speaker sounds quite decent and is loud enough.

Overall, the handset feels lightweight in hand and definitely doesn’t look or feel like a device of its segment but one segment above.

As for the display, it’s a 6.56-inch display that supports an (1612 x 720 pixels) and a 90Hz refresh rate. It’s an okay panel for the price with decent colours. It doesn’t get bright enough outdoors but indoors, it can provide an ideal experience for daily use. The 90Hz refresh is a cherry on top, resulting in smooth scrolling.

Performance & Software

The Moto G04 is powered by the Unisoc T606 and the 8/128 model we had for review handled management in an average manner. The device is made for some of the most basic tasks you perform on a daily basis and for obvious reasons, you cannot expect it to handle intensive tasks.

Moto g04 <a href='https://www.themobileindian.com/glossary#android' rel='tag'>Android</a> 14 review

One of the USPs of the device is that it comes with Android 14 out of the box. While it won’t get any major OS upgrades, which could have been a game changer, it’s appreciable that Motorola is finally giving some attention to the software.

It gets the regular Motorola MyUX features such as ambient display, gestures, a stock-Android like experience and more. The device did slow down at times where we could notice the animations stutter. However, for most of the part, it should be able to run basic processes with ease.

It comes with the January 2024 security patch out of the box which is again something we didn’t expect as brands do not pay much attention towards their budget devices usually, even in terms of security. Connectivity performance of the Moto G04 remained ideal during our review.

Read More: Moto G24 Power Review: Multimedia King At Budget?

Battery backup 

The 5000mAh cell inside the Moto G04 can easily pump power for more than a day with moderate use, such as scrolling through social media, chatting, etc. The screen-on time can easily cross the 5-hour mark. The handset can usually take more than 1.5 hours to charge from 0 to 100 with 15W fast charging.

Cameras

Moto g04 cameras

The Moto G04 has a single 16MP camera at the back and a 5MP sensor at the front.

This rear camera performs fine in outdoor conditions. The dynamic range isn’t the best but the overall detailing and sharpness of the photo is on par. Even the colours are handled fine.

Similar is the situation indoors in terms of colours but the details and sharpness take a hit. As soon as the lighting drops further, the camera becomes barely usable as there’s a good amount of noise and the exposure levels are at their lowest. Night shots, even with enabled, look similar.

Selfies are average with colours but the noise in the shot and the softness of the photo make the experience feel below expectations.

Users Will Get Correct Information On Honor India Website: Madhav Sheth

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Honor, along with its Honor X9b and other launches, also revealed a new website for Indian consumers at the address “ExploreHonor.com”. This new website offers users all the information about the latest launches from the brand and, most importantly, the correct information, as per Madhav Sheth, CEO of HTech, brand licence of Honor in India.

In an interaction with The Mobile India, Sheth said, “Our website will offer users the correct information” when asked whether the website would offer any exclusive content to the users. This statement looks quite loaded in the wake of recent controversy surrounding OnePlus.

For those unaware, OnePlus recently got involved in a controversy where it wrongly mentioned the storage of the 256GB model of the OnePlus 12R as 4.0 on its website, whereas in reality, it was the older UFS 3.1 storage. The brand apologised for the miscommunication and asked existing buyers and those who pre-ordered the device to contact customer support for a solution.

Read More: Honor X9b vs Poco X6 Pro 5G: Which One Should You Buy?

Coming back to Honor, Sheth also confirmed that the company is currently evaluating the market to find out which Honor Magic series smartphone would be the ideal one for the Indian region. Honor Magic series consists of the brand’s top-end set of flagship smartphones, the latest addition to which was the Honor Magic 6 and the Honor Magic 6 Pro.

Sheth also said the brand is currently focusing on a leaner distribution in the offline market as of now because “the customer would have to bear any costs associated with expanding offline”.

Aside from these, Madhav also told us about the Android 14-based Magic OS 8.0 release timeline in India for the Honor 90 and the Honor X9b. Finally, he also confirmed the reason behind not offering the charger inside the box of the Honor X9b.

Honor X9b Doesn’t Come With A Charger In The Box: Honor India Answers

Honor launched its second smartphone in India after its return to the country’s market, and similar to the first one, even the Honor X9b doesn’t come with a charger included in the box. Here we are with an answer for you as to what’s the reason behind not offering a charger within the box of Honor X9b and instead offering it separately to the users.

In an interview with The Mobile Indian, Honor CEO Madhav Sheth conveyed that as the Honor X9b is currently being imported to India, its chargers aren’t suitable for the Indian voltage system. As a result, the brand has developed 35W chip-based chargers in India that are suitable for the market’s voltage system and work efficiently here. Due to this reason, the charger is being offered to the consumer separately out of the box and free of cost.

When asked about the Make in India program, Sheth said, “We have already begun localisation of production with the smartphone chargers, and we have a roadmap ready for the production of the rest of the parts”. However, Sheth didn’t share any exact plans for when Honor will begin producing smartphones in India.

As for the battery-related stats of the Honor X9b, we confirmed in our review that the handset is surely a battery champ. It packs a 5800mAh battery with 35W fast wired charging. Thanks to its large battery capacity and decent optimisation, the Honor X9b can easily last for a day or even two, depending on your usage. The charging time is decent but not the best, as it takes 1.5 hours to charge from 10 to 100%.

Aside from this, the Honor executive also confirmed to us that it will be releasing the 14-based Magic 8.0 update for the Honor 90 and the Honor X9b soon in India.

Android 14-based Magic OS 8.0 Coming Soon to Honor Phones: Madhav Sheth

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Since Honor made a comeback to India back in September of 2023, the brand has launched two devices, the Honor 90 and the Honor X9b, both of which run on 13-based Magic 7.1 and Magic OS 7.2, respectively. The brand’s CEO has confirmed that Honor 90 and Honor X9b will soon receive their next major OS upgrade, the Android 14-based Magic OS 8.0, in India.

Honor India CEO Madhav Sheth said to The Mobile Indian in an interview that Honor 90 and Honor X9b will get the Android 14-based Magic OS 8.0 update in India sometime during Q2 of 2024. In addition, Sheth also confirmed that a video calling feature in Honor 90 is available within the OS but hasn’t been enabled.

”We want to ensure that the users receive updates that are stable and secure at the same time. As of now, we have to make sure that the updates being pushed out comply with the regulations for enhanced privacy of the users”. In comparison, Honor 90 is slated to receive the said update in March in China.

Read More: Honor 90 Review: The comeback phone

If compared with the competition, most of the brands have already pushed out their Android 14-based updates to their respective devices within the same price range as Honor 90, for instance, the iQOO Neo 7 Pro and the Nothing Phone (2). However, we agree with the brand that the update shouldn’t be pushed out in a rush and should keep in mind the user’s privacy and security.

As for the features in Magic OS 8.0, it comes with MagicLM, HONOR’s on-device large language model, which operates at a platform level. Optimised in a collaborative effort between HONOR and Qualcomm, the seven-billion-parameter MagicLM runs smoothly and efficiently on the Snapdragon 8 Gen3, contributing to a more personalised, intuitive and secure experience.

With MagicOS 8.0, HONOR also introduced Magic Portal, an intent-based shortcut recommendation feature that lets users seamlessly switch and access services between apps and devices with a simple swipe. In safeguarding privacy and security, MagicOS 8.0 introduces system-wide Parallel Spaces and adds bar smartphones to the list of supported devices. Images and files can also be loaded into the private space through Magic Portal.