Stable Money is one of the best Indian apps for booking fixed deposits (FDs). It lets you compare rates from over 200 banks and NBFCs. You can book FDs online in minutes and manage them easily within the app. In this article we will discuss the fixed deposit feature of Stable Money and also let you know the interest rates on it.
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Stable Money FD Rates
Stable Money makes investing in Fixed Deposits (FDs) easy. Compare interest rates from top banks and NBFCs in India in one place. No need to visit multiple websites. Find the best rates quickly. Open your FD in just 3 minutes through the Stable Money app, avoiding the usual hassle. Enjoy tax benefits too. Choose tax-saving FDs and save up to ₹1.5 lakhs every year. Current Stable Money FD Rates go up to 9.21%, higher than any other platform. Investing has never been faster.
Stable Money – Open an FD Account Without Any Hassle
Opening an FD account comes with some eligibility criteria, but don’t worry, it’s generally accessible! Here’s a quick rundown:
- Indian citizens or residents require less paperworks.
- Minors can open accounts with a guardian’s authority.
- Non-residents (NRIs) have special FD schemes and requirements.
Companies, proprietorship firms, partnership firms, and family trusts can also open FDs. Each bank may have different rules, so it’s best to check directly with your bank for specific requirements.
Documents Required to Open an FD Account
Opening a fixed deposit (FD) account is a smart way to save money and earn interest. Before going to the bank, make sure you have the necessary documents. You will need proof of identity and address. For identity, bring your Aadhaar card, PAN card, passport, voter ID card, or driving license. For address proof, you can use utility bills like electricity or phone bills, or the front page of your bank passbook. Overall you will require the following documents-
- Aadhaar card
- PAN card
- Passport
- Voter ID card
- Driving license
- Utility bills (electricity bill, telephone bill, etc.)
The specific documents required may vary depending on the bank’s policies. Remember to produce both originals and photocopies for verification.
How to book FDs in Stable Money?
Browse FDs from over 200 banks and NBFCs, including Utkarsh Small Finance Bank, Shriram Finance, Bajaj Finance, South Indian Bank, and Axis Bank. After browsing all the banks you should choose one for your FD. Invest with stable money and a maximum return on your investment. Here’s how you can book a FD on Stable Money –
- Download the Stable Money app from Google Play or the Apple Store.
- Register using your mobile number linked to your Aadhaar Card for quick verification.
- Compare interest rates, tenures, and features to find the best option for you.
- Click “Proceed” to choose the tenure of your FD.
- Enter the amount you want to invest and confirm the tenure.
- Click “Choose & Proceed” to move to the next step.
- Complete the KYC process by submitting your details and verifying online.
- Use your preferred payment method to finish the investment. Once the payment is processed, your FD is booked.
Now, you can relax knowing your money is growing steadily with Stable Money. Always consult a financial advisor before making any investment decisions
FAQs
What is Stable Money and how does it work for FDs?
Stable Money is an Indian app that simplifies booking Fixed Deposits (FDs) by allowing users to compare rates from over 200 banks and NBFCs.
What is the interest rate offered by Stable Money on FDs?
Stable Money offers FD rates up to 9.21%, which is higher than many other platforms.
Can NRIs open FDs through Stable Money?
Yes, NRIs can open FDs through Stable Money, although they would require a bit more paperwork than an Indian.
Are there any tax benefits when booking FDs through Stable Money?
Yes, you can choose tax-saving FDs through Stable Money and save up to ₹1.5 lakhs every year.