Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

Fixed Deposits: How India’s Traditional Savings Product is Getting a Modern Makeover

For generations, fixed deposits (FDs) have been India’s preferred financial security blanket, offering stability in an ever-evolving financial landscape. In 2023, Indians had over ₹103 trillion locked in FDs – a massive vote of confidence in an investment option that has stood the test of time. While FDs have weathered India’s socio-economic shifts for over … Read more

Flipkart-backed super.money launches new fixed deposit product; check details for investment

Flipkart-backed super.money launches new fixed deposit product; check details for investment

Fintech company super.money, backed by Flipkart, has introduced ‘superFD’, a fresh fixed deposit (FD) offering that includes Unified Payments Interface (UPI) payments and offers interest rates of up to 9.5%. The platform has joined forces with small finance banks approved by the RBI to provide these FDs, which are backed by insurance of up to … Read more