Do you want to earn good interest on your savings without the hassle? If so, keep reading! We’re about to introduce you to your new financial best friend – Stable Money App.
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What is a Stable Money App?
It’s a mobile platform built specifically for the Indian market, focusing on making fixed deposit (FD) investments easier and more profitable. It is launched on 13th September, 2023 by Saurabh Jain and Harish Reddy. It offers effortless FD booking, maximized returns, and compounding magic. It helps to easily Track your investments, knowing your money is secure and protected.
Is Stable Money App Safe for Investment?
If you’re talking about your money. Yes, it is safe for investments.
But as you know nothing is 100% secure in investing. While FDs are considered safer than many investment options, they are still exposed to market fluctuations, albeit to a lesser extent. Interest rates can change, potentially impacting your returns.
It’s always advisable to consult with a financial advisor to discuss your specific needs and risk tolerance before making any investment decisions.
Following are the reasons why Investing in Stable Money is safe-
- Your money goes directly to regulated banks, not Stable Money.
- FDs up to ₹5 lakhs are insured by the government, even if the bank fails.
- Stable Money uses secure protocols, but data breaches are always possible.
Stable Money App Returns
Your investment returns depend on many factors like in which bank you book your FD, what will be the tenure, how much money you have invested etc.
Stable Money doesn’t set its interest rates; it aggregates FD options from over 200+ banks in India. This allows you to compare rates and choose the best deal for your chosen investment terms
How to book FD on Stable Money App
Stable Money App makes investing in Fixed Deposits (FDs) in India a breeze, eliminating the need for paperwork and lengthy bank visits. Here’s a simple guide to help you book your FD within minutes:
Step 1. Download and install the Stable Money App from the Play Store/App Store.
Step 2. Login/SignUp with your mobile number.
Step 3. On the home page, you can see a Discover open. Select that and now you can explore rates across 200+ banks
Step 4. Now select your interested bank, check the complete details about returns, and compare them with other bank returns.
Step 5. Click on calculate my returns. Here you’ll get an idea of how much amount you receive after maturity.
Step 6. Now all done. You will be on the checkout page. You can complete the payment. Then, you can complete your eKYC with the bank. It will take hours to complete your FD booking.
Now all set. Congratulations on your new saving journey with Stable Money FD.
🎯 | Is Stable Money Safe For Investments |
🎯 | Stable Money Comparison |
🎯 | Is Stable Money Good For Senior Citizens? |
Frequently Asked Questions
Is the stable money legit/scam?
Stable Money looks legit, facilitating RBI-regulated FDs with bank insurance and secure measures. However, as with any investment, research & consult a financial advisor before committing.
What’s the minimum deposit amount on the Stable App?
You can start your investing journey with a minimum of ₹5000.
Is there any charge applied if we withdraw money before maturity time?
No, as of now there’s no penalty charged if you withdraw money before maturity time.