Stable Money app
Stable Money is one of India’s safest places for creating Fixed Deposits (FDs), with over 200 FD alternatives guaranteed by the RBI. Unlike typical banks that offer lower fixed returns, The app has a 4.5-star rating on the Play Store, demonstrating its dependability and integrity.
Stable Money has over 200,000 delighted customers in India thanks to its 24/7 customer assistance and simple withdrawal process.
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Why Stable Money?
It has a user-friendly interface and you don’t have to open a separate bank account to use these FDs. All you need to do is complete the KYC process and, in many cases, not even video KYC. Stable Money also enables you to compare FDs and choose the one with the highest interest rates.
In this platform, your FD can yield you up to 9.10% returns, which is way higher than traditional banks. More so, there is no need of opening an additional bank account for these kinds of FDs.
This app guarantees that your deposits are insured by RBI up to Rs.5 lacs just as traditional banks do. Moreover, there is a customer care service available throughout the day/week/month along with easy withdrawals without any fine print on them at all.
Founders
Harish Reddy, who has over 12 years of experience in quantitative finance, derivatives, and capital markets, co-founded Stable Money to help Indian investors maximize returns while limiting risk.
Saurabh Jain, co- founder, discovered the value of teamwork and positive asymmetry throughout his early company experiences. He argues that focusing on the finest product and service, rather than recognition, results in better outcomes.
Features:
- Different FD options: The app has more than 200 FD options, that you can select based on your specific financial goals.
- High interest rates of fixed deposits: Different from conventional banks, the app offers up to 9.10% interest on fixed deposits thus making it convenient for a wide range of investors.
- Supported by RBI: The Reserve Bank of India guarantees all FDs for Rs 5 lakhs in order to ensure safety of your deposits.
- No need to open a new bank account: You do not have to worry about opening a new bank account when investing in FDs.
- Easy KYC process: KYC process is simplified having several steps that do not require video KYC process
- Easy-to-use interface: In the Play Store, this application’s rating (4.9 stars) shows high user satisfaction level.
- Writing FD: Writing an FD takes just three minutes
- Customer Support: Customer support is available anywhere and helps whenever you need it.
- Easy removal: There are easy penalty-free removal options provided by the application.
Pros
- Investment derivatives are very high
- Varieties of fixed deposits
- Safety net on RBI assurance
- The app is easy to navigate and its ratings show that it gets great reviews from customers.
Cons
- Only Aadhaar enrolled mobile number required for registration.
- Relying on digital platforms can be troublesome for non-techies.
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Conclusion
In conclusion, Stable Money offers a secure platform with better yields over the traditional banks where one can place Fixed Deposits. With RBI insurance up to Rs. 5 lakhs, consumers may invest with confidence knowing their money is protected.
The Quick Scan, Easy Enrolment and Help Desk (24×7) are some of the reasons why many investors will want this app. The excellent reviews on it and immense satisfaction mean that people trust on this product. This means that Stable Money is suitable for anyone who wants to optimize their FD returns while staying secured.
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