super.money Introduces FD With Interest Rates Of Up To 9.5%
With superFD, users can book FDs as low as Rs 1000 and also earn interest of up to 9.5 per cent
super.money, today introduces superFD. It is a fully digital savings product that brings the ease of UPI to fixed deposits. The company aims to redefine FDs by making the process fully digital (less than two mins), flexible and highly rewarding. Users on super.money can choose from five banks currently that are approved by the RBI. All the FDs on super.money will be insured up to Rs 5,00,000 by the DICGC.
An industry first, superFD is a product that aims at promoting savings amongst young Indians. With superFD, users can book FDs as low as Rs 1000 and also earn interest of up to 9.5 per cent. The product has been designed with the new-age Indian investor in mind, who is a digital native and financially savvy. This product will help users to balance their portfolios and/or start their investment journey.
Prakash Sikaria, Founder and CEO of super.money, said, “We are excited to launch the first ever FD on UPI. Our product will disrupt the way young Indians save and invest. By offering attractive interest rates, flexibility, and seamless access, superFD makes it easier for individuals to invest in a low risk, high return product. This aligns with the Reserve Bank of India’s vision of making deposits appealing to the new-age investor. ”
With superFD, super.money has launched its first investment product for all of its 7 million users. The onboarding experience is straightforward, allowing users to complete a simple eKYC process with just a few taps.
