You can invest in Fixed deposits in under 3 mins without opening a new bank account by following the below listed steps:
- Download the Moneyview app and login with Aadhaar linked mobile no.
- Click on the Fixed Deposits card on Superhome.
- Choose FD from a wide range of RBI-regulated Banks and NBFCs that best suits your financial needs.
- Provide your PAN, Aadhaar, Personal & Professional details to verify your identity.
- You will have to provide withdrawal bank details to verify your bank account; your FD amount will be credited to this account on maturity or premature withdrawal.
- Complete your payment using UPI or Netbanking.
*VKYC might be applicable in a few cases.
The Bank / NBFC will now finally approve and book your FD. However, for South Indian Bank, FD booking is not real time and may take up to 1-2 working days.
Note: Your FD receipt will be available via email directly from Bank / NBFC (all except Utkarsh Small Finance Bank) within 7 days of FD booking confirmation. You can also view / download FD receipt from the app. Also, returns are calculated from the date of booking and not from the date of payment.