Flipkart-Backed Startups Launches UPI-Based Fixed Deposit With 9.5% Interest Rate

Super.money, a fintech company supported by Flipkart, has introduced SuperFD, a fixed deposit (FD) product that allows investments through UPI and offers interest rates as high as 9.5%.

Here are all the details about the SuperFD!

SuperFD By Flipkart: All You Need To Know

As per the company’s statement, “With superFD, super.money has launched its first investment product for all of its 7 million users.”

Key Features of SuperFD:

• Low Minimum Investment: Start investing with as little as ₹1,000.
• High Returns: Interest rates go up to 9.5%, offering competitive earnings.
• Bank Options: Users can choose from five RBI-approved banks for their deposits.
• DICGC Insurance: Deposits are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), ensuring added safety.
• Digital and Paperless: The process is entirely online, making it hassle-free and quick.

How to Open a SuperFD Account

Let’s look at a step by step process for opening the SuperFD account!

The process to create a SuperFD account involves these simple steps:

• Download the App: Get the Super.money App from your app store.
• Select a Bank: Choose from the list of FD offerings provided by partnered banks.
• Complete eKYC: Submit electronic KYC to verify your identity.
• Set Up the Deposit: Make your deposit digitally using UPI or other options.
• vKYC (Optional): Additional verification may be required in some cases.

Why Choose SuperFD?

• Convenience: The fully digital setup eliminates paperwork.
• Flexibility: With a low starting amount and multiple banks to choose from, it caters to diverse financial goals.
• Security: Backed by DICGC insurance and trusted financial institutions.
• SuperFD is an attractive choice for users seeking secure and high-return investment options with the ease of digital management.

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