InCred Money Revolutionizes Fixed Deposits Investment with Launch of Innovative Product
Hyderabad: InCred Money (ICM) has marked a significant milestone in the financial landscape with the introduction of its Fixed Deposits (FDs) product on the InCred Money app. This revolutionary move aims to redefine how investors approach FD investments by providing unparalleled accessibility, convenience, and competitive interest rates.
Traditionally, investing in FDs has been associated with the hassle of opening multiple savings accounts across different institutions. However, InCred Money’s platform eliminates this barrier by offering investors access to FDs of various RBI-regulated Banks and Non-Banking Financial Companies (NBFCs) through a single app.
The launch comes at a time when the popularity of FD investments in India remains steadfast, with over Rs. 108 Lakh Crore invested in Scheduled Commercial Banks’ FDs as of March 2023. Despite fluctuations in FD interest rates in recent years, the trust in FDs as a reliable investment avenue has only strengthened among investors.
InCred Money’s FD offering is backed by RBI-regulated institutions, ensuring the highest standards of safety and reliability. Moreover, investors can benefit from attractive interest rates of up to 9.25% p.a. for senior citizens and up to 9.01% p.a. for regular investors, making FD investments even more lucrative.
One of the standout features of InCred Money’s platform is its user-friendly interface, which allows investors to compare FDs from various banks and NBFCs effortlessly. With a minimal investment starting from just Rs. 5,000 and a streamlined process that can be completed in under 5 minutes, InCred Money is democratizing financial opportunities and empowering investors to make informed decisions about their investments.
Vijay Kuppa, CEO of InCred Money, expressed his excitement about the launch, emphasizing the platform’s commitment to simplifying the path to financial wellness. He stated, “Our new offering enables investors to bypass traditional limitations and invest in competitive FDs from a range of institutions, all within a single, user-friendly app. This launch signifies a paradigm shift towards simplicity in the financial landscape, where attractive FD rates are accompanied by a seamless onboarding process.”
InCred Money’s foray into FD investments is poised to revolutionize the way investors perceive and engage with fixed-income securities, ushering in a new era of accessibility, convenience, and financial empowerment.