Will opening a FD through Stable Money create any problem later when creating account with the bank?

[Yugi]

I wanted to open an FD to park my emergency fund. Stable Money seems very good and easy to create a FD online without having an account with bank. I read somewhere in the forum that when few users wanted to open IndusInd bank account who have FD with Airtel, they were facing issue because Airtel maintains it with IndusInd bank, and they created a consumer id for that PAN which was the issue. Will it be the same issue if I use Stable Money too. Can community throw some light on this matter.

 

[Deleted member 11974]

will differ from bank to bank based on their internal policy

 

[SSV]

I wanted to open an FD to park my emergency fund. Stable Money seems very good and easy to create a FD online without having an account with bank. I read somewhere in the forum that when few users wanted to open IndusInd bank account who have FD with Airtel, they were facing issue because Airtel maintains it with IndusInd bank, and they created a consumer id for that PAN which was the issue. Will it be the same issue if I use Stable Money too. Can community throw some light on this matter.

To do banking operations, one needs to have banking license. If Stable does not have one, it has to tie up with someone who has it

 

[D₹V]

I wanted to open an FD to park my emergency fund. Stable Money seems very good and easy to create a FD online without having an account with bank. I read somewhere in the forum that when few users wanted to open IndusInd bank account who have FD with Airtel, they were facing issue because Airtel maintains it with IndusInd bank, and they created a consumer id for that PAN which was the issue. Will it be the same issue if I use Stable Money too. Can community throw some light on this matter.

No worries 🤠.

You'll get your FD details after the FD.

I had contacted a SFB offline, he said FD can be opened without any account in our bank.

So options on Stable Money are legit. You can proceed for FD.

 

[hellobois]

no issues at all, using it , perfectly fine.

 

[rounakbhowmik]

No worries 🤠.

You'll get your FD details after the FD.

I had contacted a SFB offline, he said FD can be opened without any account in our bank.

So options on Stable Money are legit. You can proceed for FD.

Can my parents pre-close their FD directly at the bank? They are not tech-savvy and prefer to handle their banking needs in person, without relying on Stable App.

 

[iampqq]

Can my parents pre-close their FD directly at the bank? They are not tech-savvy and prefer to handle their banking needs in person, without relying on Stable App.

Open via bank close via bank
Open via stable money close via stable money

 

[rounakbhowmik]

Open via bank close via bank
Open via stable money close via stable money

Thats the reason i have not opened here.

 

[PANK]

Stable Money has now live with fd with unity small finance bank
Highest fd rate in market

 

[iampqq]

Stable Money has now live with fd with unity small finance bank
Highest fd rate in market

 

[CyberPsych]

How they can provide more than banks? How they earn profit?