[Highest] FD @7.35% till today 10:30 pm
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https://www.indmoney.com/fixed-deposit/sb...nk
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 FD will get withdrawn in 4 working days.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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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 ?
Dm me for instant referal
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.
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.
pm
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?
please tell the account opening process for sbm bank using indmoney . How is kyc done
KYC is instant. No video KYC. Only Do KYC in indmoney app with Selfie & Aadhaar OTP.
DM for refer & Free financial advisoring, full detail knowledge
@Watcher so what is the total maturity amount after 2 years?? for 5000 investment??
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
Anybody else got the account opened successfully for fd ? For me its showing “Unable to fetch kyc details”
Why don’t one directly open FD with SBM bank…?
Does this sbm savings account gives debit card as well? Or it is only online purpose due to FD opening?
no debit card
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?
how much returns do you expect?
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
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