The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad Featured

Super.money introduces first of its kind FD on UPI product, that gives up to 9.5% interest with leading banks

by TLAteam November 21, 2024November 21, 2024
written by TLAteam November 21, 2024November 21, 2024
Super.money introduces first of its kind FD on UPI product, that gives up to 9.5% interest with leading banks

super.money, today announced the launch of super FD. It is a fully digital savings product that brings the ease of UPI to fixed deposits. The company aims to redefine FDs by making the process fully digital (less than 2mins), flexible and highly rewarding. Users on super.money can choose from five banks currently that are approved by the RBI. All the FDs on super.money will be insured up to ₹5,00,000 by the DICGC.

Business News

An industry first, superFD is a product that aims at promoting savings amongst young Indians. With superFD, users can book FDs as low as  Rs. 1000 and also earn interest of up to 9.5%. The product has been designed with the new-age Indian investor in mind, who is a digital native and financially savvy. This product will help users to balance their portfolios and/or start their investment journey.

Prakash Sikaria, Founder & CEO of super.money, said, “We are excited to launch the first ever FD on UPI. Our product will disrupt the way young Indians save and invest. By offering attractive interest rates, flexibility, and seamless access, superFD makes it easier for individuals to invest in a low risk, high return product. This aligns with the Reserve Bank of India’s vision of making deposits appealing to the new-age investor. ”

According to recent data from the Ministry of Statistics and Programme Implementation, there has been a significant fall in net financial savings of households by over ₹9 lakh crore between 2020-21 and 2022-23. superFD aims to address the challenges posed by the widening gap between credit and deposit growth in the banking sector by providing a low-risk savings tool. This product will also help individuals offset inflation and achieve steady returns on their investment.

With superFD, super.money has launched its first investment product for all of its 7 million users. The onboarding experience is straightforward, allowing users to complete a simple eKYC process with just a few taps.

How to save and invest money through superFD in 4 simple steps: Download the super.money App, Choose your choice of Bank FD Offering Do the eKYC, Set up Deposit, and vKYC (optional in some cases)

As part of its commitment to expand financial offerings on UPI, super.money has thus far launched superUPI, superCard and now superFD. super.money is also slated to launch many more such innovative products on UPI.

0 comment
previous post
OPPO Find X8 Series Launched in India: Redefines Flagship Excellence with Cutting-Edge Innovation
next post
Acer Opens Its First Mega Store, Acer Plaza, in Ahmedabad

You may also like

Samsung India Begins Pre Orders for Galaxy Z...

July 15, 2025

Over 7.2 Lakh youth trained through HDFC Bank...

July 15, 2025

47 golfers tee off at Any 3 +...

July 14, 2025

IITRAM inaugurates Girls’ Hostel, Boys’ Hostel and E-1...

July 14, 2025

Aviva India Launches ‘Aviva Bharat Bal Vikas Yojana’...

July 14, 2025

Mother’s Recipe Launches ‘Hearty Roots’ – India’s First...

July 11, 2025

IIM Ahmedabad and Novo Nordisk India partner to...

July 9, 2025

MG Group Unveils TIGRA Super-Premium Luxury Coach, Launches...

July 8, 2025

British Council invites Indian students for Study UK...

July 8, 2025

Asian Paints’ Apcolite All Protek redefines the Gold...

July 8, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Samsung India Begins Pre Orders for Galaxy Z Fold7, Galaxy Z Flip7 – The Most Advanced Galaxy Z series yet

    July 15, 2025
  • Mumbai Rains: IndiGo Issues Advisory Amid Flight Delays and Low Visibility at Airport

    July 15, 2025
  • Tesla Enters Indian Market with First Showroom in Mumbai, Launches Model Y Electric SUV

    July 15, 2025
  • 16 Private School Teachers in Gujarat Resign After Being Caught Taking Private Tuitions

    July 15, 2025
  • Watch: Dragon Spacecraft Carrying Shubhanshu Shukla Makes Splashdown Landing

    July 15, 2025
November 2024
MTWTFSS
 123
45678910
11121314151617
18192021222324
252627282930 
« Oct Dec »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.