Stable Money helps you browse over 200 FDs from banks you trust, like Utkarsh Small Finance Bank or Bajaj Finance, all in one place. Stable Money even partners with other financial institutions to give you even more choices. Plus, you can do everything online, from the comfort of your couch. No need to visit multiple banks. Stable Money simplifies FD research, comparison, and investment – all at your fingertips.
While Stable Money itself isn’t directly overseen by the government, all their partnered banks are. This means your investment is protected under the DICGC Act, offering a safety net of up to Rs. 5 lakh. So, if you’re looking for a convenient and secure way to invest in FDs, Stable Money might be a great fit for you.
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How Stable Money Makes Money?
For the users, it is very important to know about the business model of Stable Money. If their earning process is legit then only users will gain trust in the company. Based on their business model, we can see that Stable Money mainly works as a Fixed Deposit (FD) marketplace. They mainly earn in two ways.
- Commission on FDs: Stable Money might earn a commission from partner banks for every FD booked through their platform. This commission is a percentage of the total FD amount.
- Lead generation charge: Banks might pay Stable Money a fee for generating leads, which are potential customers interested in FDs.
Stable Money benefits by attracting a large pool of potential FD investors and connecting them with banks. Banks benefit from wider outreach and potentially lower customer acquisition costs.
How to book FDs in Stable Money?
Stable Money takes the hassle out of finding the perfect Fixed Deposit (FD) for your needs. Book your Fixed Deposit in minutes with the Stable Money App. Here’s how to use their app to book an FD in just a few easy steps:
1. Download & Register: Get the Stable Money app from Google Play or Apple Store. Register with your mobile number linked to your Aadhaar Card for quick verification.
2. Check Your Options: Browse through FDs from over 200 banks and NBFCs like Utkarsh Small Finance Bank, Finacare SF Bank, Shriram Finance, Bajaj Finance, South Indian Bank, Shivalik SF, and Axis Bank. Compare interest rates, tenures, and features to find the perfect fit.
3. Select FD Plan: Found the ideal FD? Click “Proceed” to select the tenure (duration of your investment).
4. Enter Investment Details: Specify the amount you want to invest and confirm the chosen tenure. Click “Choose & Proceed” to move forward.
5. Complete KYC: Submit your basic details and complete the KYC process (Know Your Customer) through a hassle-free online verification.
6. Complete the Payment: Use your preferred payment method to complete the investment. Once the payment is processed, your FD is booked!
That’s it! Now you can relax knowing your money is growing steadily with a trusted platform like Stable Money.
Highest Returns on FD with Stable Money
A fixed deposit (FD) is a savings option offered by banks and similar institutions. You deposit a lump sum of money for a fixed period, typically ranging from a few months to several years. The bank guarantees a fixed interest rate on your deposit throughout the chosen term. That’s kind of how fixed deposits (FDs) work. You lend your money to the bank for a specific period, like a few months or a few years. The longer you lend it, the higher the interest rate you get, like a reward for being a good lender. It’s a reliable way to grow your savings without the risk of stock market ups and downs.
But remember you can’t withdraw the money whenever you want. Think of it like a fixed rent agreement. But you do have some flexibility. You can choose to receive the interest earned each month or let it accumulate with your principal amount for even bigger returns. In case of emergencies, you can take your money out early, but there might be a small fee, like a penalty for breaking the agreement.
Stable Money makes investing in Fixed Deposits (FDs) very easy and hassle-free. They compare interest rates from top banks and NBFCs in India, all in one place. You can open your FD in just 3 minutes through the Stable Money app by sitting on your couch at home. Plus, enjoy tax benefits! Choose tax-saving FDs and pocket up to ₹1.5 lakhs every year. Current rates go up to 9.21%, which is comparatively higher than any other platform currently.
FAQs
What is Stable Money?
Stable Money is a mobile app that lets you compare and invest in Fixed Deposits (FDs) from various banks in India. You can browse FD options, compare interest rates, and open FDs directly through the app.
Can I invest in FDs from any bank through Stable Money?
Stable Money partners with a large pool of banks and NBFCs, but they may not offer every single institution in India. You can check their app to see their current partner list.
Can I withdraw my money before the FD matures?
Yes, but there might be a penalty for early withdrawal. This penalty amount varies depending on the bank and the specific FD terms.
Is Stable Money safe?
While Stable Money itself isn’t directly overseen by the government, all their partnered banks are. This means your investment is protected under the DICGC Act, offering insurance up to Rs. 5 lakh.