super.money unveils 'superFD' integrating UPI with fixed deposits

Quick Summary:

The digital savings product allows users to book an FD in under two minutes and provides up to 9.5% interest through partnerships with leading small finance banks.

The platform is partnering with RBI-approved small finance banks to offer these FDs, which are insured up to Rs 5,00,000 by the Deposit Insurance and Credit Guarantee Corporation.

Cashbacks have been a cornerstone of super.money’s strategy to attract younger users and stand out in the crowded UPI space.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Savings Super Policy Digital Sikaria Money Product Users Superfd Investment Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 04:47:12 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23728610

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 18 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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