Stable Money: Earn 9.10% on FD 1.7.31
Stable-Alpha Technologies Private Limited – Freeware – AndroidWelcome to Stable Money - Your reliable partner in the world of smart FD investments!
We are pleased to present the all-new Stable Money Fixed Deposit App, India’s inaugural FD booking platform that operates without the requirement of a traditional bank account. Now, you can conveniently book your FD online in under 3 minutes using a completely paperless process, all hassle-free. Moreover, the Stable Money App allows you to compare the interest rates of multiple FDs and provides tailored suggestions based on your investment objectives. Stable Money aims to streamline your investment journey and ensure optimal returns over an extended period.
One App For All Your FDs - Features of Stable Money
- Explore FDs from 200+ Banks and select the one that aligns with your goals
- Compare a diverse array of FDs to find the most suitable option
- Review FD rates from various banks and NBFC's fixed deposits
- No bank account necessary
- Easily book your FD online in under 3 minutes
- Access 24/7 helpful customer support
Give Your FD a New Innings with Stable Money
- Track Your Earnings: Monitor all your FD investments and witness your funds grow daily
- Smart Recommendations: Receive intelligent recommendations for achieving your long- or short-term financial goals
- FD Breaking: Utilize data-driven insights to assess underperforming FDs and make informed decisions on whether to continue investing or break your fixed deposit
- FD Comparison: Compare among 200+ Fixed Deposits and select the most fitting one for your objectives
How to Book FD on Stable Money App?
- Download the Stable Money app
- Register with your mobile number
- Provide your Name and Email ID
- Select from a wide range of FDs offered by Banks & NBFCs
- Choose the amount and tenure according to your goals
- Complete KYC using your Aadhaar and PAN Card
- Add a nominee and review your details
- Make the payment and receive confirmation message
Why Choose Stable Money?
- Safety & Trust: Priority given to security with industry-leading measures safeguarding your funds and personal information
- Simplified FDs: Easy FD booking process suitable for all, including beginners, ensuring effortless wealth growth
- Financial Freedom: Unlock your financial aspirations with Stable Money by aiding you in achieving goals like dream holidays, new homes, or a secure future
Download the Stable Money Fixed Deposit App today to begin your smart saving journey towards financial freedom. Join a community of content investors who leverage their finances effectively.
What is a Fixed Deposit?
A fixed deposit is a financial investment tool enabling individuals to deposit a specific amount with a bank or financial institution for a predetermined time frame.
How is a Fixed Deposit Calculated?
Various factors contribute to calculating interest earned on fixed deposits:
• Principal Amount
• Interest Rate
• Tenure
• Compounding Frequency
The formula: Interest = (P * R * T)/100
P - Principal amount invested
R - Rate of interest (%)
T - Tenure
Example:
Ms. Pragya invested Rs 100,000 for 10 years at an interest rate of 5% per annum
Simple Interest = (Rs. 100,000 * 5 * 10 years)/100 = Rs. 50,000
Principal amount invested = Rs. 100,000
Rate of interest (%) = 5% per annum
Tenure of investment = 10 years
Maturity Value = Principal amount + Simple Interest = Rs. 100,000 + Rs. 50,000 = Rs.150,000
At Stable Money, our objective is to aid individuals in cultivating stable and secure wealth through fixed-income assets. We strive to deliver superior returns over extended durations, typically spanning from several months to years, where the predetermined interest rate outperforms regular savings accounts.
Overview
Stable Money: Earn 9.10% on FD is a Freeware software in the category Business developed by Stable-Alpha Technologies Private Limited.
The latest version of Stable Money: Earn 9.10% on FD is 1.7.31, released on 05/06/2024. It was initially added to our database on 05/06/2024.
Stable Money: Earn 9.10% on FD runs on the following operating systems: Android.
Stable Money: Earn 9.10% on FD has not been rated by our users yet.
Pros
- High interest rate of 9.10% on Fixed Deposits (FD)
- Offers stability in earnings with a fixed interest rate
- Managed by Stable-Alpha Technologies Private Limited, providing a sense of security and trust
Cons
- Potentially lower interest rates compared to other investment options with higher risks
- May have restrictions or penalties for early withdrawals from Fixed Deposits
- Deposits may not be as liquid as other forms of investments
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