In today’s economy, everyone wants to invest their money in trusted opportunities so that we can gain profits. At the same time, no one wants to go into risky ventures because that may end with us losing all our hard-earned savings.
Platforms like the Stable Money investment app solve this dilemma by offering a middle ground. This is because Stable Money helps users build a portfolio through fixed deposits, which are by nature low-risk investments.
Stable Money Review | Earn 9.10% on FD RBI/ SEBI approved
If you are new to the world of investing, this app can be a lifesaver – given that it is legit and provides the right facilities.
So, is Stable Money a scam app or a new financial breakthrough? Here is a detailed review that can help you answer that question.
Stable Money App: An Overview
Keeping up with the digital nature of the post-pandemic world, Stable Money is an FD-based investment app that was founded in 2022 by Saurabh Jain and Harish Reddy.
The goal of this app is to provide a genuine solution to those investors who do not want to get into the stock market or other high-risk markets but still need guidance on where to put their money.
So the ‘Stable Money’ app helps these users build a portfolio based on a careful calculation of the highest interest FDs.
With comparative articles, regular updates, and live tracking, the app has reduced the act of investing in a methodical science.
This investment app claims to have the largest assortment of FD plans in one single day and ensures the safety of your investment by partnering with DICGC.
It also includes insurance plans on the portal.
Important Areas of Review: Stable Money App
To properly understand the stable money investment app review provided here, we must make up our minds to judge this initiative in the following areas: core facilities, registration, ease of interface, and special features.
Core Features for FD Investment
One of the biggest benefits of using this app for FD investment is that we get a comparative list of different FD rates at our fingertips.
We can analyze these rates and the changing patterns over time against a particular amount that we are willing to invest.
Stable Money does not charge any convenience fee from its users. It connects our existing bank account with all the different fixed deposits we make and creates an instant FD certificate on our behalf.
The amount is directly transferred to the bank under which we are creating our fixed deposit.
Since the banks are legitimate organizations, we don’t need to worry about the safety of our funds.
Not only that, with this app we can conduct same-day 3-hour withdrawals on selected FD programs.
The app allows us to calculate returns on premature withdrawals and same-day liquid investments.
There is a special section where you can compare different FD rates with the lockdown period as well!
A Stable Portfolio Management
Stable Money is a platform that can help you visualize your financial portfolio.
The app simplifies this process by offering a user-friendly dashboard to track investments while also providing real-time updates on FD rates and portfolio performance.
On your account, you can bookmark certain investment opportunities, set price alerts, and rebalance your portfolio at the right time to minimize risk.
Additionally, the app offers personalized investment recommendations depending on the past performance of the user.
Registration & Legitimacy
Can we say that Stable Money is a SEBI-registered initiative? We are glad to inform you, it is.
The app has been recognized as an online bond platform provider under the registration number INZ000314637.
Anyone can get more details about the legal position of this platform before investing their money in it.
Further, this app works closely under the supervision of DICGC.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) plays a vital role in securing deposits on the Stable Money app.
In the event of a bank failure, DICGC insures deposits up to ₹5 lakhs, providing a safety net for users’ funds.
As a subsidiary of the Reserve Bank of India (RBI), DICGC’s deposit insurance scheme makes sure that you get the same safety when investing through the app as you get when investing offline.
Security of Investment and Withdrawal
We know that withdrawal is super easy and effortless on the Stable Money app because all you need to do is click on a button and enter a PIN.
Now the question is, how secure is this platform that I should give details of my bank and savings?
There are many steps that the app developers have taken to ensure security on behalf of the company as well as from third-person breaches.
- Does not store any data related to our bank account or transactions.
- End-to-end encryption for secure data transmission
- Multi-layered security architecture to protect user funds
- Compliance with international security standards (ISO 27001)
- Regular security audits and penetration testing
- Two-factor authentication (2FA) for enhanced user account security
Accessing The Stable Money Calculator
One of the most unique features of this app, The Stable Money comes with its Calculator.
With the help of this finance-motivated tool, we can calculate potential returns on investments, determine the best investment strategies, set financial goals, and track progress.
By providing a clear and concise visual representation of multiple potential outcomes, the calculator helps us easily define the best step to take.
With the help of this initiative powered by AI technology, we can make decisions with more precision than ever before.
Conclusion
The actual FD certificate that you get in return for investing your money is given by the bank itself, which means you don’t need to rely on Stable Money for your finances.
In the future, Stable Money aims to introduce other facilities Like An online credit card, low-risk mutual funds, and indemnity bonds for its customer base who want to explore the world of personal investment.
Now users don’t need to worry about all the confusing practices in online trading and cryptocurrency – rather they can perform old-fashioned tasks on a brand-new platform.