As the world becomes more digital, various sectors, including banking, are moving towards digitalization to offer more convenience.
Now, sending money, paying bills, or even managing fixed deposits (FDs) can be done easily through UPI, all with just one click.
New Fixed Deposit Option with UPI Payments
In line with this trend, Flipkart-backed fintech company Super.Money has launched a new fixed deposit product called “SuperFD.”
This is the company’s first FD product that supports UPI payments, allowing users to easily make FD payments through UPI.
The aim of Super.Money behind launching SuperFD is to make the FD process completely digital, offering a more modern
and user-friendly experience for young Indian investors. Users can book an FD starting from Rs 1,000 and earn interest rates of up to 9.5 percent.
Easy Onboarding and Secure Investment Options
Super.Money offers users the option to choose from five RBI-certified small finance banks for their FDs.
Each FD is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to Rs 5,00,000, ensuring the safety of investments.
With this launch, Super.Money is introducing its first investment product for its 70 lakh users.
The onboarding process is simple and quick, allowing users to complete the eKYC process in just a few taps on the app. Users can follow four easy steps to open a SuperFD account:
1) Download the Super.Money app and grant access.
2) Choose the bank FD option of your choice.
3) Complete the eKYC process.
4) Set up the deposit amount.
This easy-to-use process aims to transform how young Indians save and invest, offering an attractive and flexible way to invest in low-risk, high-return products.
