Pro Saver A/c FAQs

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Digital Savings A/c FAQs

It is a savings tool that's curated to help you get returns at industry-leading interest rates.

When you deposit an amount greater than 1000, it gets converted into a Fixed Deposit powered by Suryoday Small Finance Bank. Furthermore, the amount is insured by DICGC (a wholly owned subsidiary of RBI) for up to Rs. 5 Lakhs.

Currently, you can open a Pro Saver A/c only on an android device.

To open a Pro Saver A/c, you'll first be onboarded with Suryoday Small Finance Bank's Savings A/c (Zero Minimum Balance, Zero Maintenance Bank Account) - our Partner Bank. Once your account is successfully created, you can deposit funds in the Account. Your Pro Saver Account will be linked to Fixed Deposit(s) and Overdraft Facility(ies).

In the Pro Saver A/c, all amounts exceeding INR 1000 on a given day will be automatically utilised towards creation of a fixed deposit (FDs). It also provides you with an Overdraft facility that's linked to these FDs. This allows you to utilise funds while simultaneously, amounts in the FDs continue to earn interest.

No, there is no need to maintain a minimum balance in your Pro Saver A/c. Simply ensure that you add some funds within 30 days of opening your Pro Saver A/c to prevent it from being automatically closed.

Yes, the amounts deposited in your Pro Saver A/c are safe. The Pro Saver A/c carries minimal to no risk as the deposited amount gets converted into a Fixed Deposit which is maintained with our Partner Bank, Suryoday Small Finance Bank, which is a bank licensed by RBI. In addition, an amount of up to INR 5 lakhs in your Pro Saver A/c and/or the Fixed Deposit is insured by DICGC (a wholly owned subsidiary of RBI).

The process of opening a Pro Saver A/c involves mainly three steps:

  1. Provide your personal details
  2. Verify your KYC
  3. Review & submit your application

To open a Pro Saver A/c, you'll need to be eligible to open a Savings bank A/c with moneyview's Partner bank.

It is a Fixed Deposit powered by Suryoday Small Finance Bank. The tenure of FD is 2 years 2 days. You can start investing in it and get one of the highest returns available in the market.

You can withdraw the invested amount at any time using the moneyview app. You can also use your Virtual Debit Card to transact online or link your account on any of your preferred UPI apps (PhonePe, GPay, PayTM etc.)

You have the option to withdraw your money partially or completely through the moneyview app. But, in UPI/debit card transactions, you can only withdraw up to the limit set for the overdraft (OD) facility. You can check this on the Pro Saver A/c Dashboard on your moneyview app.

  1. Go to the Home screen of the moneyview app
  2. Tap Pro Saver A/c
  3. Tap View debit card section to find your debit card details
  4. Tap Activate card
  1. Go to the Home screen of the moneyview app
  2. Tap Pro Saver A/c
  3. Tap View debit card section to find your debit card details
  4. Go to Advanced card settings and tap Reset Card PIN
  5. You will get an OTP to reset your card PIN
  1. Go to the Home screen of the moneyview app
  2. Tap Pro Saver A/c
  3. Tap View account details

Here you can find account related details like IFSC code, customer ID, account no., schedule of charges etc

  1. Go to the Home screen of the moneyview app
  2. Tap Pro Saver A/c
  3. Tap View transaction history

Yes, you'll start earning 9% XIRR returns within 24 hrs of adding funds to your Pro Saver A/c.

Rest assured knowing that moneyview is here with a long term vision and is not likely to stop functioning. In the unlikely case this happens, your investments are perfectly safe with our Partner bank and you will get all the required help from moneyview on how to access your funds.

Interest earned on your deposits gets added to your total income and gets taxed in accordance with your tax slab.

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