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[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 FD will get withdrawn in 4 working days.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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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.
39 Comments  |  
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Deal Subedar Deal Subedar
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Pm me

Deal Hunter Deal Hunter
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check pm

Wingman Wingman
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Dm plz

Deal Hunter Deal Hunter
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check pm

Deal Hunter Deal Hunter
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Deal Cadet Deal Cadet
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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 ?

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Deal Cadet Deal Cadet
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Dm me for instant referal

Pro Mobile Guru Pro Mobile Guru
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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 Hunter Deal Hunter
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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.

Beacon Beacon
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Any hidden disadvantages here?

Deal Hunter Deal Hunter
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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.

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Deal Cadet Deal Cadet
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pm 

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 Hunter Deal Hunter
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No charge for operating SBM bank

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

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

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

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


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

Talk-Of-The-Town Talk-Of-The-Town
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Why don’t one directly open FD with SBM bank…?

Deal Hunter Deal Hunter
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you can. But there will be AMC & other debit card charges etc etc.

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Deal Captain Deal Captain
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these companies could scam you.

Commentator Commentator
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Does this sbm savings account gives debit card as well? Or it is only online purpose due to FD opening?

Deal Cadet Deal Cadet
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no debit card

Deal Subedar Deal Subedar
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I have 3L to put in FD. I guess this offer is gone right? I don’t want to go with a bank for now (have other FDs in same bank already) and planning to go with NBFC like Shriram Transport Finance etc. Is that only option for higher than bank interest right now?

Deal Cadet Deal Cadet
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how much returns do you expect? 

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Helpful Helpful
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Anyone invested in indmoney FD is the process smooth? Is it allows quartely interest payout? I just want to invest 4 lakhs for 2 years

replyuser
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