Stable Money App Terms & Conditions in Simple Words

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.

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.

DICGC Security Coverage of 5 Lakh Rupees 

Think of DICGC as a kind of insurance for your bank deposits. It’s a government agency that steps in to protect your hard-earned money if the bank you chose is unable to pay you back. This applies to various accounts you might have, like savings, fixed deposits, or even your current account, up to a limit of Rs. 5 lakh. Even if you have more than Rs. 5 lakh in a single bank, DICGC will only cover up to that amount in case of an unfortunate bank failure. The good news is that deposits in different branches of the same bank are added together when calculating this limit. So, spreading your savings across different branches within the same bank can offer some additional peace of mind. While the chances of a bank failing are very low, DICGC acts as an extra layer of security.

Stable Money’s Terms and Conditions

Here’s an explanation of Stable Money’s terms and conditions in simple language:

Using the Platform:

•  By using Stable Money, you agree to these terms and conditions. 
•  You are granted permission to use the platform as long as you follow the rules.
•  If you break the rules, Stable Money can revoke your access without warning.
•  Stable Money can change the rules at any time, and it’s your responsibility to stay updated.

Eligibility:

•  You must be 18 years old or older to use Stable Money.
•  Even though children under 18 can access the platform, Stable Money encourages parental supervision for their safety.

Registration:

•  To fully use Stable Money, you need to register and complete a “Know-Your-Customer” (KYC) process.
•  This involves providing some personal information to verify your identity.
•  By registering and clicking “Accept,” you agree to these terms and conditions.

Important points:

•  The company can modify or change these terms without any specific notification to you. 
•  Any changes become effective immediately. 
•  It’s your responsibility to check for updates regularly.
•  The privacy policy and disclaimers are also important parts of the agreement.

Always Remember:

•  It’s important to read and understand the full terms and conditions before using any platform, including Stable Money. 
•  If you have any questions, it’s best to consult with a legal professional for specific advice.

What you are NOT allowed to do on the platform:

•  Sell, rent, lease, or copy the platform or its content.
•  Use the platform to create a competing service.
•  Damage to the platform or its users.
•  Engage in illegal, harmful, or fraudulent activities.
•  Abuse, harass, or threaten other users.
•  Post offensive, harmful, or illegal content.
•  Use the platform for unauthorized purposes.
•  Access other users’ accounts or information.
•  Violate intellectual property rights.
•  Promote unrelated content or spam.
•  Spread harmful software or disrupt the platform’s functionality.
•  Use automated tools to access the platform.

Remember, this is a simplified explanation and doesn’t cover all the details in the terms and conditions. It’s always recommended to read the full document to be fully informed about your rights and obligations when using the platform.

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