What are the pricing options available on the Stable Money app?

If you are looking for a simple way to invest your money, Stable Money might be a good fit. You compare fixed deposit (FD) rates from over 200 banks all on Stable Money’s platform. Instead of spending hours running around.

You can simply open the Stable Money app on your phone and browse FD rates on your phone. Popular banks like Utkarsh Small Finance Bank and Bajaj Finance are there, plus many more. They even partner with other financial institutions (NBFCs) to give you even more choices. And the best part? You can do everything digitally, from the comfort of your home.

Stable Money App Subscription

Based on the information available on Stable Money’s website and app description, it doesn’t seem to have a subscription model.  The app itself is free to download and use for comparing FD rates and booking fixed deposits. There’s no mention of any paid features or tiers within the app.  

How does Stable Money work? 

Stable Money acts as a marketplace to connect you with different banks offering Fixed Deposits (FDs) in India. Here’s a breakdown of how it works:

Finding the right FD:

•  Stable Money allows you to compare FD interest rates across over 200 banks and NBFCs (Non-Banking Financial Companies). 
•  You can filter based on factors like tenure (duration of the deposit), the amount you want to invest, and the desired return.

Booking your FD:

•  Once you’ve chosen a bank and FD scheme, you can initiate the FD booking directly through Stable Money’s app.
•  They partner with the financial institutions to facilitate the online booking process.

Managing your FDs:

•  Stable Money provides a platform to manage your FDs booked through them.
• You can likely track the progress and maturity dates of your deposits.
•  You can ‘Switch’ or ‘Break’ the FD anytime you want through the app. To learn about these terms you should once go through the official website of Stable Money.

It is safe to invest because Stable Money itself doesn’t hold your funds. When you book an FD, your money goes directly to the chosen bank. They use high-tech security measures to protect your data while using the app.

Stable Money: A Fixed Deposit Marketplace

Stable Money is a new online platform that is like a one-stop solution for FDs, letting you compare rates from over 200 banks all in one place. Plus, you can manage your FDs directly on the platform, no more digging through paperwork.

But Stable Money goes beyond just basic FDs. They offer features like “Break FD” which gives you some flexibility to access your money early, and “FD Laddering” to helps you build a balanced investment portfolio. They even have a “Switch FD” option in case interest rates change.  While they’re starting with FDs, Stable Money has big plans for the future. From buying and selling to mutual funds, they are trying to expand new horizons and offer a variety of options while keeping things simple and secure.

Stable Money Obtains OBPP License from SEBI

There’s good news for Indian investors looking for ways to grow their money! Stable Money successfully obtained an OBPP license from SEBI on February 7th, 2024. This means they can now offer company bonds through their online platform. In simpler terms, you’ll be able to invest in bonds from various companies directly through Stable Money’s app, similar to how you might buy fixed deposits (FDs) now. This is a big deal because it opens up the bond market to everyday people, something that wasn’t as easy before. The founders of Stable Money are excited about this too, hoping it will empower more people to invest and grow their savings. 

How to Earn Extra Rewards from 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.

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