Stable Money claims not to hold any of your investment funds itself. It acts as a platform to connect you with various partner banks where your money is directly deposited for fixed deposits (FDs). The app partners with reputable banks in India, which are regulated by the Reserve Bank of India (RBI).
They mainly deal in FDs which are comparatively low-risk investments. Fixed deposits are traditionally seen as relatively low-risk investments, as they offer guaranteed returns over a specified period. Overall Stable Money claims to be safe and secure for investment.
Table of Contents
Safety and Security of Stable Money
Stable Money is one of the safest places for fixed-income investments because they understand trust is key. They’ve put in place measures to protect your hard-earned cash, not just by offering options from reputable banks, but also by safeguarding your information:
Data Encryption: All communication between your app and its servers is scrambled with top-notch encryption, like a secret code only they can crack. Even if someone tries to peek, they’ll be left scratching their heads.
Multi-Layered Security: Instead of only logging in, Stable Money also uses two-factor authentication. It is kind of OTP sent to your phone, to make sure it’s you trying to get in.
Regular Audits: They don’t just set it and forget it. Regular security and financial audits are carried out to check the health of the company. They always focus on transparency and trust.
RBI Guidelines: Since the app only deals with RBI-registered financial institutions, there is a kind of credibility and safety net. Every investment in any form up to 5 lakhs is completely safe and redeemable.
Positive Feedback: People using the app seem happy with how smoothly it runs, even when handling big chunks of financial data. No hiccups or crashes were reported, just consistent performance that lets you focus on your investments, not technical worries.
Stable Money seems to prioritize security, it’s always wise to do your research before investing. But their commitment to safeguarding your information is a good step in the right direction!
Stable Money Exciting Returns
Stable Money makes investing in Fixed Deposits (FDs) as simple as ABC. They compare interest rates from top banks and NBFCs in India, all in one place. No need to visit multiple websites – find the best rates with just a few clicks. And the best thing is that the whole process is safe.
Investing has never been faster. Open your FD in just 3 minutes through the Stable Money app, ditching the traditional hassle. Plus, enjoy tax benefits! Choose tax-saving FDs and pocket up to ₹1.5 lakhs every year. Current rates go up to 9.21%, which is comparatively higher than any other platform currently.
Is Stable Money Legit or Scam?
When you invest, it goes straight to the bank, not Stable Money. Think of them as the matchmaker, connecting you with reliable banks for fixed deposits (FDs). They take data protection seriously, using top-notch security measures to keep your information safe.
To know how legit they are it is very important to understand their business model. Stable Money makes money in three ways: Through its DreamStudio APIs, Consulting, and Enterprise Services. They help businesses with AI projects and earn through consulting and services.
Stable Money has already achieved investors with over 50,000 happy customers (within less than 6 months). Plus, they’re RBI-registered, so your money has a safety net of up to Rs 5 lakhs. Think of it like an FD in a small bank: keep your investment + interest under 5 lakhs and you’re covered even if things go bad. Just remember, investment comes with risks, so invest up to a particular limit.
FAQs
Is the Stable Money app safe?
Yes, the Stable Money app is considered safe for investments. Your money goes directly to banks, not Stable Money.
Is Stable Money genuine?
This platform is considered to be one of the most genuine investment platforms on the internet. They are doing a great job and the users are also very satisfied with its services.
How does the Stable Money app work?
Stable Money compares FD rates from 200+ banks and manages & tracks FDs digitally.
Who is the founder of Stable Money?
The founders of Stable Money are Saurabh Jain and Harish Reddy.