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Super FD 9.5? Super Money App? 9.5% interest rate

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Deal Lieutenant
DEEPANGEORGE

Hello Dimers, 

Is it me or i missed something, today i seen this new advt on super money app, didnt used this app for sometime and today opened and i am seeing this advt "as coming soon" with 9.5% FD

sounds like a sweet one to have 

Screenshot: 

Do comment your opinion about it:) lets do some healthy FD discussion:)  the safe bet or risky bet? smile

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19 Comments  |  
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Deal Cadet Deal Cadet
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there is an * so read that when they launch

Deal Lieutenant Deal Lieutenant
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hehe ya but still hmmm 9.5% they mentioned maybe they would give it for 3 years or so lock in is what I am expecting

buy ya that * asterisk of conditions applied is always to be caution on

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Deal Newbie Deal Newbie
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1000032362

Tata Neu app 

Deal Lieutenant Deal Lieutenant
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yes:) seen this before recently too, where 9.1% is max 


but i am still surprised of this promo of super money app saying 9.5% , which is rare at this point of time

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Deal Cadet Deal Cadet
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These apps change there t&c as and when they feel they want. Earlier this app used to give cashback on every transaction but now they are limited only on merchant transaction. 

I don't feel these apps safe for investment prospective. 

Deal Lieutenant Deal Lieutenant
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very true:), but first come first serve basis means once 9.5 if one got locked in, it will stay that way for the contracted tenure, so have to wait and see on how this new FD thing goes
Finance Mentor Finance Mentor
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SuperMoney app offer you FD + SuperCard (RuPay Credit card + UPI) right ?

So, FD + Card dono ka faida.

Deal Lieutenant Deal Lieutenant
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yes FD+ccCard+rupay is nice and that FD from Utkarsh is 8% only though

but this they promoted 9.5% which is kinda suprising
Deal Cadet Deal Cadet
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Tata neu is also offering upto 9.1% along with 5 lacs insurance of FD amount under RBI's DICGC

Deal Lieutenant Deal Lieutenant
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only bank FD displayed in tata will come under DICCG insurance (that DICGC is only given for banks by RBI not for NBFC's)

other NBFC FD's like shriram... etc dont have any insurance

image

Firestorm Firestorm
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Screenshot20241119164013supermoney
Firestorm Firestorm
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Screenshot20241119164030supermoney
Deal Lieutenant Deal Lieutenant
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so its NESF bank ah the slice bank 
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