How to Sign-Up in the Stable Money App?

Launched in 2022, Stable Money is like a one-stop shop for your fixed deposit (FD) needs. Think of it as your personal FD assistant. It compares interest rates offered by over 200 banks and NBFCs to make sure that you get the best deal. You can book your FD with any bank you want within 3 minutes. Moreover, you can track your investment through your mobile screen. The app is available on both Android and iPhone.

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 of time. Your money is directly sent to your bank account. There is no chance of any shady activity.

Sign-Up Process in Stable Money App

Here’s how to sign up on the Stable Money app:

• Firstly you will be required to download the app. Open the App Store or Google Play Store and search for “Stable Money.” Download and install the app on your device.

• Register with your mobile number. Once the app is installed, open it and initiate the signup process.

• You’ll need to register using your mobile number linked to your Aadhaar card. An Aadhaar card is used as identity proof here.

• Once you’ve completed these steps, you’ll be registered on the Stable Money app and can proceed with exploring their Fixed Deposit (FD) options and investment opportunities.

• For opening fixed deposits, you would have to provide your PAN number, and must be 18 years old. If you are not 18 yet, worry not! You can do it with your parent’s identity card by putting them as your guardian. 

Why to Invest through Stable Money?

Here are some key benefits to consider if you’re thinking about investing in a Fixed Deposit (FD) through Stable Money:

1. Hassle-free application: Opening an FD is now easier than ever. Many banks and NBFCs offer online applications, minimizing paperwork and streamlining the process.

2. Fixed and guaranteed returns: Unlike market-linked investments, FDs offer a fixed interest rate throughout the chosen tenure. This rate is determined at the time of investment and is unaffected by market fluctuations, guaranteeing your returns.

3. Attractive rates for senior citizens: Many institutions offer higher interest rates for senior citizens, often ranging from 0.25% to 0.5% more than the standard rate. This can provide a reliable source of income post-retirement.

4. Affordable minimum deposit: You can start investing in FDs with a low minimum deposit, often as low as ₹1,000 in some cases. This makes it accessible to a wider range of investors, even those with limited funds.

5. Flexible tenures: FDs offer flexible tenure options, ranging from a few days to as long as 10 years. This allows you to choose a timeframe that aligns with your financial goals.

6. Additional options: You can further customize your FD by opting for periodic deposits or choosing between monthly maturity plans (receiving interest regularly) or single maturity plans (receiving a lump sum at the end).

7. Loan against FD: In case of emergencies, you can avail of a loan against your FD instead of withdrawing prematurely and incurring penalties.

8. Auto-renewal: Many FDs now come with the option of automatic renewal, which renews your investment for the original tenure upon maturity. This eliminates the need to manually reinvest your funds.

These features make FDs a secure and convenient investment and provide guaranteed returns. To get all the facilities and safety you must invest with Stable Money. You can earn up to 9.21% returns per annum with this app.

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