Where does my money go when I invest in Fixed deposit on Stable Money?

Where does my money go when I invest in Fixed deposit on Stable Money?

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      When you invest, your money is directly sent to the bank. Your money stays and compounds with the bank until your FD has matured or upon your withdrawal. Stable Money never holds any of your funds. When you withdraw, the bank will send the maturity ...
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      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 re-invest my FD maturity amount?

      Thank you for reaching out to us. Yes, at time of starting your FD you can select the maturity instruction as re-invest. Please note that once you select the action on maturity it cannot be changed the post booking. Hope this helps!
    • Which FDs are insured by RBI?

      Thank you for writing to us. All deposits with nationalised and private banks are insured by DICGC, a subsidiary of RBI. FDs on Stable Money with Utkarsh Small Finance Bank and Shivalik Finance Bank FDs are insured for up to ₹5 Lakhs. As per RBI, any ...