Started in 2022, Stable Money is a leading Indian app for booking fixed deposits (FDs). It lets you compare rates from over 200 banks and NBFCs, book FDs online in minutes, and manage them conveniently within the app. Currently focused on FDs, they plan to expand into debt mutual funds and bonds, offering a comprehensive platform for fixed-income investments. Available on Android and iOS, Stable Money simplifies your fixed-income investment journey.
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Benefits of Stable Money
With Stable Money and fixed deposits, you can invest with confidence, knowing your money is working for you safely and predictably. Here’s how:
- Predictable Growth: Tired of ups and downs? Fixed deposits offer a steady return, like clockwork, so you can plan for your future with confidence.
- Guaranteed Returns: Unlike some investments where returns are a gamble, fixed deposits lock in an interest rate, ensuring you know exactly how much your money will grow.
- Safety First: Worried about losing money? Fixed deposits are considered low-risk, making them a haven for your hard-earned savings.
- Simple and Straightforward: No need to be a financial expert! Fixed deposits are easy to understand, even for beginners, so you can invest with peace of mind.
- Unaffected by Market Risk: Market crashes can be scary, but fixed deposits are not affected, protecting your money from the ups and downs of the stock market.
- Get When Needed: Life happens, and sometimes you need your money fast. Most fixed deposits offer flexibility with options for early withdrawal or loans against your deposit.
- Tax Advantages: Some fixed deposits even offer tax benefits, helping you save even more on your investment.
- Diversification is Key: Spread your eggs across different baskets! By including fixed deposits in your portfolio, you create a strong foundation while exploring potentially higher-return options.
How does Stable Money work?
Tired of filling out forms and visiting bank branches for fixed deposits (FDs)? Stable Money has got your back! This innovative app lets you create FDs with partner banks and NBFCs entirely online, saving you time and effort.
Imagine setting up an FD from the comfort of your couch! Stable Money partners with institutions like Utkarsh Small Finance Bank and Bajaj Finance, offering their FDs on the platform. This way, banks reach new customers, Stable Money benefits, and you enjoy a smooth experience.
The best part? You don’t even need an account with the issuing bank! Simply create an FD with any bank account you have, directly through the app. Withdrawals are also a breeze. No more paperwork, no more queues – just a few clicks, and your FD is set up!
How to book FDs in Stable Money?
Stable Money takes the hassle out of finding the perfect Fixed Deposit (FD) for your needs. Book your Fixed Deposit in minutes with the Stable Money App. Here’s how to use their app to book an FD in just a few easy steps:
1. Download & Register: Get the Stable Money app from Google Play or Apple Store. Register with your mobile number linked to your Aadhaar Card for quick verification.
2. Select a Term Plan: Browse through FDs from over 200 banks and NBFCs like Utkarsh Small Finance Bank, Finacare SF Bank, Shriram Finance, Bajaj Finance, South Indian Bank, Shivalik SF, and Axis Bank. Compare interest rates, tenures, and features to find the perfect fit.
3. Choose Your FD: Found the ideal FD? Click “Proceed” to select the tenure (duration of your investment).
4. Enter Investment Details: Specify the amount you want to invest and confirm the chosen tenure. Click “Choose & Proceed” to move forward.
5. Complete KYC: Submit your basic details and complete the KYC process (Know Your Customer) through a hassle-free online verification.
6. Complete the Payment: Use your preferred payment method to complete the investment. Once the payment is processed, your FD is booked!
That’s it! Thus you can start investing in fixed deposits in just minutes. Now you can relax knowing your money is growing steadily with a trusted platform like Stable Money. This information is intended for informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making any investment decisions.
| 🎯 | Earn Upto 9.10 Return With Stable Money |
| 🎯 | How to Book FD on the Stable Money App? |
| 🎯 | How to Book FD on Stable Money App? |
FAQs
Is Stable Money safe?
Stable Money is India’s first digital fixed-return investment platform, and it is completely safe to invest. They do not keep your money for any point in time. Your money is directly sent to your bank account. There is no chance of any shady activity.
What is the minimum amount of booking an FD in Stable Money?
Depending upon the banks you can book a FD with just ₹5,000, sometimes even ₹1,000. Tenure is also flexible according to your financial planning.
Can I withdraw money from a fixed deposit before maturity?
Yes, you can withdraw money from a fixed deposit before it matures. However, you will be charged a penalty for doing so. Most banks typically charge a penalty from 0.5% to 1% of the principal amount.
Is Stable Money RBI approved in India?
While Stable Money itself is not directly regulated by the RBI, all the banks that have partnered with Stable Money are regulated by the Reserve Bank of India (RBI). All deposits placed through these partners are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the RBI, up to ₹5 lakhs, offering an extra layer of protection for your hard-earned money.