1. Monthly coupons of 250/200/150 off on 1000 at big bazaar
2. 2000 cb (200 * 10 months) for buying 2000 worth apparel at big bazaar.
3. 2500 cb (250 * 10 months) for buying 3k worth apparel at brand factory.
4. 1500 cb (500 * 3) on adding 5000 into future pay wallet
5. 1500 cb on adding 5000 into central wallet.
6. Future group FD at arounf 11.6% P.A which is way too high than the current market rates
https://www.financialexpress.com/money/future-g...
I understand these offers will make sure they have more footfall at their stores in the coming quarters and hoping people will buy more than the cb amount of 200/250 per month, but these deals were never heard of by established offline players.
Is this the group doing a last attempt to compete with online stores (fashion and grocery) by gathering funds at expensive rates and buring in name of cashback or do you see this is a good strategy which would pay off in the long run?
Side question: how safe to invest in future group FD now?