Has anyone used Stable Money for investing in FDs?

[Chitra Thakre]

Got it. What I wanted to understand was - is there any specific benefit of using that platform? Why not directly invest via Bank?

I am of the view that getting all the information at one place makes it easier for the customer. Also you can invest in schemes of any bank irrespective of the fact that you have account with that bank or not

 

[silvery]

How are the Direct FDs pre-matured/Matured where are the proceeds credited? Is a bank account in any other bank linked for this?

 

[abhimarda]

How are the Direct FDs pre-matured/Matured where are the proceeds credited? Is a bank account in any other bank linked for this?

It gets credited to the bank account from where it is made.

 

[hemanshoe]

I have recently started investing. Invested Rs. 5100 in Shivalik Bank in Stable Money, but withdrew it 10 days later because wanted to be 100% sure. Invested again afterwards. Like the rate of returns and the UI feels smooth.

 

[astro-here]

Is it safe to invest in Krazybee Services Private Limited. This is a bond on stable money.

 

[yaravinds9]

Can we prematurely close the FDs in stable money, like we can do directly from bank?
Anyone knows? Do they charge for such premature FD closure?

 

[zacobite]

Can we prematurely close the FDs in stable money, like we can do directly from bank?
Anyone knows? Do they charge for such premature FD closure?

some you can..depends on bank.. chk while booking the fd

 

[advisor]

Ok, did anyone try to withdraw money on these small finance banks giving lucrative intrest offers on FD , I tried to withdraw my invested 1 lac rupees @ 8.65% in North East finance banks for one year. But on premature withdrawal option it is showing only 3.45 % will be given back . I am shocked. Did anyone check what is showing in their FD closure option percentage prematurely just to check the honesty of these banks & apps as well as . I mailed them about these , but no response from the app side ...

 

[yaravinds9]

I think the back considered the duration for which you maintained the FD and accordingly the FD interest rate was changed to the rate per the duration of the slab. They didn't seem to apply the 8.65% rate prorated for the duration you maintained. This is not new(atleast for me) as bank do this for their benefit

 

[yaravinds9]

I think the back considered the duration for which you maintained the FD and accordingly the FD interest rate was changed to the rate per the duration of the slab. They didn't seem to apply the 8.65% rate prorated for the duration you maintained. This is not new(atleast for me) as bank do this for their benefit

 

[Aizen164]

I used stable money it's service is amazing , instant withdraw & fd making also fast , no extra charge or penalty while making or braking fd

 

[rahuls1990]

Yep, I’ve used Stable Money to invest in FDs and would definitely recommend it. The best part is you can compare FD rates across multiple banks in one place and just pick the one that suits you best—no need to visit bank websites or branches.

You don’t need to open a bank account with the bank you're investing in, which saves a lot of time. Withdrawals are smooth, and the money gets credited directly to your account at maturity.

Also, no worries about safety—all FDs are insured up to ₹5 lakh by DICGC, just like they would be if you invested through the bank directly. Super convenient and a great option if you want better returns than your regular bank is offering.