There are many types of banking terms available for people to collect their savings. At the same time, as the country is moving towards digitalization, all sectors including the banking sector are also digitizing all their work to promote the facilities of the people. Whether it is sending money from one account to another, recharging or paying FD, all is done easily through UPI with one click.
To provide these facilities to its customers, Flipkart-backed fintech company Super.Money has today announced the launch of a new fixed deposit called 'superFD'. This is its first FD on UPI product. This means that payment can be made easily through UPI in FD.
The objective of the company behind launching it is to give a new look to the FD process by making it completely digital. The product has been designed keeping in mind the new generation of indian investors. With SuperFD, users will be able to book FDs with a minimum of Rs 1,000 and get interest up to 9.5 percent.
You can choose from these five banks for FD
On Super.Money, users can choose from five small finance banks certified by RBI for FDs. Each FD will be insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to Rs 5,00,000. With SuperFD, Super.Money has launched its first investment product for all its 70 lakh users. Its onboarding experience is very straightforward, with the help of which users can easily complete the eKYC process in just a few taps.
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