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.
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Referral Program in Stable Money App
You can refer your friends to Stable Money using your unique link. When they sign up and book a fixed deposit (FD) through your link, you’ll get a reward. There’s no limit to how many friends you can refer, but the total amount you can earn is capped at ₹1,50,000. Just keep in mind that you’ll only get rewarded once per friend, and it takes 90 days to receive your payout. Anyone can be your referral except people who already have a Stable Money account. Remember, if a referred friend withdraws their FD early, you won’t get the reward for them and any future benefits from their activity.
Benefits of the Referral Program in Stable Money App
Ever wanted to earn money while helping friends and family? Stable Money’s “Refer & Earn” program is your chance! Here’s how it works, in just a few steps:
1. Join for free: Signing up for Stable Money is quick and easy, and it won’t cost you a penny.
2. Share your unique link: Invite your loved ones to join Stable Money using your special link.
3. Earn rewards: When your friends invest in a Fixed Deposit (FD) through your link, you’ll get a nice reward as a thank you.
4. More referral, more reward: There’s no limit to how much you can earn. The more people you invite, the bigger your rewards become!
5. Win a golden opportunity: Be one of the lucky few to win a massive ₹1,50,000 grand prize!
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.
FAQs
What happens if my referred friend withdraws their FD early (before 90 days)?
Unfortunately, if your friend withdraws their Fixed Deposit (FD) before the 90-day period is complete, you won’t receive the referral reward for them.
Does my friend need to book an FD for me to refer them?
Yes, to qualify for referral rewards, you must have an active FD booked on the Stable Money platform.
If my friend books multiple FDs, do I get multiple rewards?
You will only receive one referral reward for each unique user you refer, regardless of how many FDs they book.
Is Stable Money safe?
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).