Is there a savings account opened for me when I book an FD?
We do not open a new savings account for you if you book an FD with any Bank or NBFC. You do not even need to have an existing relationship with the bank to book FD from the Stable Money app.
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I already have an account with the bank, can I book FD from Stable Money?
Yes, you can book an FD from the Stable Money app irrespective of having an existing bank account with the bank. If you already have an account with the bank, your KYC process will be shorter!
Can I pay with someone else's bank account for my FD?
No, you must make sure to pay from your own bank account when booking your FD. As per the bank's compliance, we verify that the bank account belongs to the same person whose PAN and Aadhaar are used to book the FD.
Can I book a joint account FD?
No, currently Joint FDs cannot be booked via the Stable Money app. Only Individual FDs are available.
Can I pay for my FD with NRE / NRO account?
No. Currently, booking an FD using an NRE or NRO bank account is not supported.
Are there any documents required to book an FD?
To book an FD you do not require any documents to be submitted physically. Your PAN and Aadhaar verification are done online, directly on the app. However, if your FD requires a Video KYC verification, you need your physical PAN card to be present ...