Who has my money when I invest in FD on Stable Money?

Who has my money when I invest in FD on Stable Money?

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 amount directly to your bank account. This is the same bank account you provided at the time of investing.

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      Stable Money is you home for safe investments, with easy access to most sought after FD rates. Built with dedication by people like you, who have tried, tested and seasoned on investment journey of 20+ years. We know you need a stable companion for ...

    • 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 withdraw my FD before maturity?

      Yes, you can withdraw your FD before its maturity. The withdrawal criteria may be different depending on the bank. See details below: Utkarsh Small Finance Bank Withdrawal allowed: After 7 days, Invested amount: No penalty, Interest earned: No ...

    • Can I open a minor FD?

      Currently, FD booking for minors is not possible from the Stable Money app.

    • Can I start a NRI FD?

      Currently, FD booking for NRIs is not possible from the Stable Money app.