Book a fd of 5k with stable money app and get 250 Amazon voucher + 8.5% intrest rate. (Utkarsh bank)

[samm255]

You'll get 6 months fd interest. Like if 1 year fd rate is 8% and 6 months fd rate is 7.5%, and you close 1 year fd in 6 months then you would get interest as per 7.5% p.a.

Great. So if I do 1 lakh FD, it shouldn't be problem, right? as it is RBI insured?

 

[the.avhishek]

Is iOS app available? On appstore it's not showing up

‎Stable Money: Invest in FD

‎Welcome to Stable Money - Your reliable partner in the world of smart FD investments! We are excited to introduce the all-new Stable Money Fixed Deposit App, India’s first FD booking platform that requires "no bank account". Now, you can book your FD online in under "3 minutes" with a...

apps.apple.com

 

[connectabjp]

Better skip. Tried doing vkyc 5 times, every time no audio no video. Not going to do vkyc now. They are going to initiate refund on 1st September if vkyc not done.

Chrome permission issue would be there. I did today only went successfully

 

[connectabjp]

Great. So if I do 1 lakh FD, it shouldn't be problem, right? as it is RBI insured?

Yes upto 5 lakhs including your interest

 

[connectabjp]

If you book fd greater than 5k or more than 1 year, then you have to do vkyc.

For second fd also you need to do kyc irrelevant of the amount

 

[connectabjp]

I booked fd yesterday only pan and aadhar verification and amount only 5k.But not ask do vkyc or there is no option for vky

 

[yolosingh]

Have been seeing posts about stable money on LinkedIn. Are the interest rates offered higher than other platforms like ETMoney, INDMoney?

 

[connectabjp]

Have been seeing posts about stable money on LinkedIn. Are the interest rates offered higher than other platforms like ETMoney, INDMoney?

This is highest when comes to FD rates, P2P platforms do offer higher rate 12% ~ but they possess risk also.

 

[yolosingh]

This is highest when comes to FD rates, P2P platforms do offer higher rate 12% ~ but they possess risk also.

Yeah agree, don't want to risk with P2P platforms. I currently have FD with Bajaj finance via ETMoney. 8.35% but duration is quite long at 44 months

 

[connectabjp]

Yeah agree, don't want to risk with P2P platforms. I currently have FD with Bajaj finance via ETMoney. 8.35% but duration is quite long at 44 months

Again the NBFC FD is not insured under RBI policy. Utkarsh and Suryoday banks are offering the best rates for flexibility i would suggest go with Utakrsh or IndusInd fd(7.3% via Paytm app. )

 

[yolosingh]

Again the NBFC FD is not insured under RBI policy. Utkarsh and Suryoday banks are offering the best rates for flexibility i would suggest go with Utakrsh or IndusInd fd(7.3% via Paytm app. )

Have already made the FDs. Will review once the lockin period is over

 

[hs23]

https://www.utkarsh.bank/xsite/assests/pdf/Fixed_Deposit_Rates_w_e_f_August_21_2023.pdf

As per this 1% premature penalty is charged by Utkarsh. Also how much time does it take to get the withdrawal money back in bank in case of emergency? Can some one confirm this?

 

[NShah]

https://www.utkarsh.bank/xsite/assests/pdf/Fixed_Deposit_Rates_w_e_f_August_21_2023.pdf

As per this 1% premature penalty is charged by Utkarsh. Also how much time does it take to get the withdrawal money back in bank in case of emergency? Can some one confirm this?

T+2 working days

 

[hs23]

Thanks for the reply. Which bank give same day withdrawal?

 

[RAMESH BABU N]

Minimum deposit is 25,000/- for getting the gift voucher.

 

[NShah]

Thanks for the reply. Which bank give same day withdrawal?

If your have saving account of hdfc bank which give same day withdrawal

 

[Tejo]

Minimum deposit is 25,000/- for getting the gift voucher.

Dada, did you deposited ? If it's for gv else high interest ?

 

[RAMESH BABU N]

Dada, did you deposited ? If it's for gv else high interest ?

I/We do invest in Bank FDs regularly. Will now try doing so via this App n see. In the process, getting Amazon GV is an added bonus.

 

[vaibhav111vaibhav111 is verified member.]

so this app is available on IOS now? I'm thinking to give a try. for small amount thought of 25k and for 1 month so we get voucher but vkyc issue can stop me though.

 

[Tejo]

but vkyc issue can stop me though.

Out of India ??