Super.money, a fintech company supported by Flipkart, has introduced SuperFD, a fixed deposit (FD) product that allows investments through UPI and offers interest rates as high as 9.5%.
Here are all the details about the SuperFD!
SuperFD By Flipkart: All You Need To Know
As per the company’s statement, “With superFD, super.money has launched its first investment product for all of its 7 million users.”
Key Features of SuperFD:
- Low Minimum Investment: Start investing with as little as ₹1,000.
- High Returns: Interest rates go up to 9.5%, offering competitive earnings.
- Bank Options: Users can choose from five RBI-approved banks for their deposits.
- DICGC Insurance: Deposits are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), ensuring added safety.
- Digital and Paperless: The process is entirely online, making it hassle-free and quick.
How to Open a SuperFD Account
Let’s look at a step by step process for opening the SuperFD account!
The process to create a SuperFD account involves these simple steps:
- Download the App: Get the Super.money App from your app store.
- Select a Bank: Choose from the list of FD offerings provided by partnered banks.
- Complete eKYC: Submit electronic KYC to verify your identity.
- Set Up the Deposit: Make your deposit digitally using UPI or other options.
- vKYC (Optional): Additional verification may be required in some cases.
Why Choose SuperFD?
- Convenience: The fully digital setup eliminates paperwork.
- Flexibility: With a low starting amount and multiple banks to choose from, it caters to diverse financial goals.
- Security: Backed by DICGC insurance and trusted financial institutions.
- SuperFD is an attractive choice for users seeking secure and high-return investment options with the ease of digital management.
Govt Investigates Amazon, Flipkart Over Deceptive Techniques To Sell During Festive Sales
The Indian government is planning a crackdown on ecommerce companies using deceptive techniques, known as dark patterns, to manipulate consumers during festive season sales. These unfair trade practices have triggered complaints, leading the Central Consumer Protection Authority (CCPA) to take action against offending companies. With online retail growing rapidly, the crackdown aims to safeguard consumers from misleading tactics.
