Fintech pioneer super.money has introduced SuperFD, a groundbreaking fixed deposit (FD) product that integrates UPI for a seamless and fully digital investment experience. Users can book FDs starting at just ₹1,000 with interest rates as high as 9.5%, in partnership with leading small finance banks approved by the RBI.
The fully digital onboarding process takes under two minutes and includes features like paperless eKYC and optional video KYC. All deposits are insured up to ₹5,00,000 by the Deposit Insurance and Credit Guarantee Corporation (DICGC). “SuperFD is designed for the digital-first, financially-savvy generation. It simplifies savings and investment while offering high returns with low risk,” said Prakash Sikaria, Founder & CEO of super.money. He emphasized the product’s alignment with the RBI’s vision to make deposits attractive for young Indians.
Guwahati known for its growing adoption of digital financial tools, is poised to benefit significantly from SuperFD. With the product’s low entry point and competitive returns, it offers an ideal savings option for the city’s tech-savvy and entrepreneurial population, addressing inflation and promoting financial stability. SuperFD addresses the dip in household savings noted by the Ministry of Statistics and Programme Implementation and bridges gaps in the banking sector’s deposit and credit growth. With this launch, super.money continues to expand its financial offerings, following its successful rollout of superUPI and superCard.