stable money app safety

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Last Comment 2023-12-27

2023-10-12

I made a fixed deposit with Utkarsh bank using stable money app a couple of days ago. It said at the time, there is no need for kyc if it is your first deposit with the bank. But they are asking me to do kyc now.

The asking me to keep a paper and pen to sign. I have been apprehensive about doing this with banks for credits card but you don't have a choice in that matter if you want to do it online.

1. Can I trust the kyc agent that is supposedly from utkarsh bank?

2. Anyone who has booked fb with utkarsh bank, do they ask you to sign while they watch?

Suddenly I feel apprehensive about this.

3. After I have booked the fd, can I log in directly with the bank netbanking to check on it time to time?

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Top Comments

https://www.desidime.com/discussions/stable-money-app-safety?page=1#post_9626498

rawfiul

2023-10-13

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apps like stable money are a blessing for pussy people like me. The number of bank accounts i hold currently is in double digits, the reason is to avoid TDS on FD and get the 5L RBI guarantee security per bank. So naturally apps like this offering FD booking at no premium and without savings account is amazing.

But remember i mentioned i am a pussy, i am never going to get a 3rd party involved between me and interest providers.

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https://www.desidime.com/discussions/stable-money-app-safety?page=1#post_9655240

RamSun97

2023-10-25

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@Demon_slayer As per their policy, video kyc is required if you book more than one FD with the same bank. If it's just one FD then video kyc is not required.

https://www.desidime.com/discussions/stable-money-app-safety?page=1#post_9651069

rn09

2023-10-23

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Has anyone earned the 1% cashback referral (from friend's investment done) from Stable money? Need to know the terms and conditions for this referral scheme.

https://www.desidime.com/discussions/stable-money-app-safety?page=1#post_9626498

rawfiul

2023-10-13

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But remember i mentioned i am a pussy, i am never going to get a 3rd party involved between me and interest providers.

https://www.desidime.com/discussions/stable-money-app-safety?page=1#post_9626756

Demon_slayer

2023-10-13

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Ah why are you putting yourself down like that man? I don't understand pussy comment. Is it because you don't want tds deducted and don't want to go through the hassle of filing ITR to claim a refund? If so, it is a perfectly understandable reason. Doesn't make you a pussy.

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https://www.desidime.com/discussions/stable-money-app-safety?page=1#post_9625657

managana

2023-10-12

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You cannot check in the bank account if you have an account with Utkarsh. But if you have an account with utkarsh it is better to book with the bank directly. If you book it from Stable money I think it is some sort of pool account..