[Highest] FD @7.35% till today 10:30 pm

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https://www.indmoney.com/fixed-deposit/sb...nk

https://cdn0.desidime.com/attachments/photos/761875/medium/Screenshot_2022-04-24-13-49-54-84_8733eabc5489046586ad8c6f3efd7459.jpg?1650788642

Open Fixed Deposit in SBM bank via INDMoney app @ 7.35% interest rate for 2 years. Minimum Deposit is Rs 5000. For senior citizens 7.85% interest rate.

INDmoney is trusted app. INDmoney CEO Asish Kashyap previously founded Goibibo, Redbus, PayU .

Today last day of this rate 7.35%. It will be decreased to 6.1% after today. FD is insured under RBI DICGC upto 5 Lakh. Its highest in FD market right now.

KYC is instant with Aadhaar OTP & Selfie. No annual charges for using SBM bank.

Q: Can I prematurely withdraw my FD?

Ans: You can digitally withdraw your FD anytime. Post successful processing, a withdraw button will be visible to you on your IND Super Saver FD holding. FD will get withdrawn in 4 working days.

Q: Are there any withdrawal processing charges?Ans: There are no withdrawal processing charges i.e you do not have to pay anything from your pocket to use the withdrawal facility.

Q:What interest will I get in case of a premature withdrawal?

Ans: 1% less than the current interest rate for the holding period of your FD at the time of withdrawal. For eg., if you booked a 1 year FD for Rs. 1 lac at a rate of 6.5% and you prematurely withdraw the FD 3 months later. You will receive the full Rs. 1 lac plus the interest. The interest will be whatever is the current interest rate of the bank for 3 months (let’s say it’s 4% p.a) – 1% p.a. Therefore the applicable interest will be 3% p.a. This interest amount will be subject to T.D.S deduction.

PM me for superfast INDmoney referral . You will get Free Google,Amazon, Netflix stocks of Rs 750 for using my referral link.

Condition :
You need to add Rs 5000 in your INDmoney US stock account to get referral benefit of Rs 750 Google, Amazon , Netflix Stock. You will not get Google, Amazon stocks worth Rs 750 if you don’t deposit Rs 5000.

You must invest in top Us stocks like Google, amazon or S&P 500 ETF with Rs 5000 to utilise full benefit. US market will perform better in long run. Good choice will be buying Any S&P 500 ETF.

If you don’t want to invest Rs 5000 ,You can withdraw Rs 5000 with 5$(= Rs 383) withdrawl charge.

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Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
38 Comments  |  
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Deal Newbie Deal Newbie
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Dm plz

Deal Newbie Deal Newbie
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Dm me for instant referal

Deal Lieutenant Deal Lieutenant
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Please elaborate FD withdrawal process too. There are no SBM bank branches in my city. Where am I supposed to go if I want to withdraw?

Deal Cadet Deal Cadet
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kshmr wrote:

Please elaborate FD withdrawal process too. There are no SBM bank branches in my city. Where am I supposed to go if I want to withdraw?

1. Can I prematurely withdraw my FD?

You can digitally withdraw your FD anytime. Post successful processing, a withdraw button will be visible to you on your IND Super Saver FD holding. FD will get withdrawn in 4 working days.

2. Are there any withdrawal processing charges?

There are no withdrawal processing charges i.e you do not have to pay anything from your pocket to use the withdrawal facility..

3. What interest will I get in case of a premature withdrawal?

1% less than the current interest rate for the holding period of your FD at the time of withdrawal. For eg., if you booked a 1 year FD for Rs. 1 lac at a rate of 6.5% and you prematurely withdraw the FD 3 months later. You will receive the full Rs. 1 lac plus the interest. The interest will be whatever is the current interest rate of the bank for 3 months (let’s say it’s 4% p.a) – 1% p.a. Therefore the applicable interest will be 3% p.a. This interest amount will be subject to T.D.S deduction.

*There will be no need to go offline branch because you can easily withdraw the FD online via INDmoney app anytime during tenure.

Deal Cadet Deal Cadet
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Any hidden disadvantages here?

Deal Cadet Deal Cadet
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Dealkitalash wrote:

Any hidden disadvantages here?

I think no RBI insured FD is giving @ 7.35% rate . SBM is a reputed second largest national bank of Mauritius. So very less chance of going bankrupt. But if you are conservative person dont put more than 5 Lakh.
Also Indmoney has a reputed CEO who founded Redbus , Goibibo, PayU.

Deal Cadet Deal Cadet
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I’m not fully aware, but I think we need to open 2 in 1 account (stock + sbm bank account)
So are there any charges like AMC or anything else?

Deal Cadet Deal Cadet
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Watcher wrote:

Content has been removed!

may I know the process of opening sbm account using indmoney ?

also can I manage my SBM account independently without using indmoney after opening the account ?

Deal Cadet Deal Cadet
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please tell the account opening process for sbm bank using indmoney . How is kyc done

Deal Cadet Deal Cadet
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chotabaxxa800 wrote:

may I know the process of opening sbm account using indmoney ?

also can I manage my SBM account independently without using indmoney after opening the account ?

No . Its like FD in Equitas Bank via Google Pay . You cannot use SBM bank independently. All process can be done through INDmoney like withdrwal.

Deal Newbie Deal Newbie
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DM for refer & Free financial advisoring, full detail knowledge

Deal Newbie Deal Newbie
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Dealkitalash wrote:

Any hidden disadvantages here?

you have to pay 5$ withdrawl charges from us accont only if you deposit in us account
if you do not deposit in us account then you will not get any referral benifit of 750 Rs

Deal Newbie Deal Newbie
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@Watcher so what is the total maturity amount after 2 years?? for 5000 investment??


Deal Cadet Deal Cadet
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chotabaxxa800 wrote:

KYC is instant. No video KYC. Only Do KYC indmoney app.

KYC is instant. No video KYC. Only Do KYC in indmoney app with Selfie & Aadhaar OTP.

Deal Cadet Deal Cadet
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suhasraghav wrote:

Payout Frequency : At maturity : 784.05 interest at maturity on FD of Rs 10000 for 2 years

Payout Frequency : Monthly : 61 interest per month = Total 1470 till maturity on FD of Rs 10000

Payout Frequency : At maturity : 1568.09 interest at maturity on FD of Rs 10000 for 2 years
Maturity amount 11568.09

Payout Frequency : Monthly : 61 interest per month = Total 1470 till maturity on FD of Rs 10000

Deal Cadet Deal Cadet
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Watcher wrote:

KYC is instant. No video KYC. Only Do KYC in indmoney app with Selfie & Aadhaar OTP.

is there any maximum amount limit for fd ?

Deal Cadet Deal Cadet
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Mk07 wrote:

I’m not fully aware, but I think we need to open 2 in 1 account (stock + sbm bank account)
So are there any charges like AMC or anything else?

No charge for operating SBM bank

Deal Cadet Deal Cadet
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Watcher wrote:

Max Rs 1499000

I couldn’t find tenure wise fd rates on indmoney site. Do you happen to have tenure wise interest rates ?

Deal Cadet Deal Cadet
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chotabaxxa800 wrote:

You need to sign up in indmoney app to get tenure wise details.

You need to sign up in indmoney app to get tenure wise details.https://cdn0.desidime.com/attachments/photos/761904/medium/Screenshot_2022-04-24-15-34-07-01_8733eabc5489046586ad8c6f3efd7459.jpg?1650794745

Deal Cadet Deal Cadet
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Watcher wrote:

No charge for operating SBM bank

I am planning to open fd only in sbm bank. What referal benfits would be applicable ? I dont plan to use this app other than fd purpose

Deal Cadet Deal Cadet
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chotabaxxa800 wrote:

I am planning to open fd only in sbm bank. What referal benfits would be applicable ? I dont plan to use this app other than fd purpose

You will get Free Google,Amazon, Netflix stocks worth Rs 750 for using my referral link if you deposit Rs 5000 in US stock account.

Deal Cadet Deal Cadet
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Watcher wrote:

You will get Free Google,Amazon, Netflix stocks worth Rs 750 for using my referral link if you deposit Rs 5000 in US stock account.

send me the referal.

I hope this app wont spam me unnecessarily on calls/sms .

whats your review of the app and overall experience ?

Deal Cadet Deal Cadet
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chotabaxxa800 wrote:

send me the referal.

I hope this app wont spam me unnecessarily on calls/sms .

whats your review of the app and overall experience ?

Chcek PM. Not one spam sms received till now. Its a very good app to 

1. invest in US market : No charges, No AMC, Only 5$ withdrwal charge.

2. Lucrative FD rate @ 7.35% highest

3. track all your net worth & investments in one app : Mutual Fund , Indian Stock, Us stock, Bond, Crypto, FD, SGB , PPF , EPF, NPS, Insurance,Real Estate Investment, Other investment, family Investment, financial goal etc.

4. Invest in FD,MF, SGB, Bond, Crypto, US equity etc.





Deal Cadet Deal Cadet
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Anybody else got the account opened successfully for fd ? For me its showing “Unable to fetch kyc details”

replyuser
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