How India invests in FDs?

See how your FD is performing vs rest of India

Can you guess what percent of Indian household savings are in FDs?

32%, that’s one-third of all household savings in India.

It’s an evergreen financial instrument of choice in India. And understandably so; FDs offer you a way out of playing by the rules of the market. You make assured returns on your investments, at minimal risk.

While they are one of the safest asset classes, they are usually viewed as low-return investments, barely beating inflation. However, retail investors so far did not have easy access to high-return FDs. In fact, 93% of fixed deposits in India today earn less than 8% p.a.!

To put this into context, the average Stable investor makes over 8.5% p.a. returns on their deposits.

As per RBI data, Here’s what the Indian FD landscape looked like in June 2023

But how is Stable Money solving for this?

High-return FDs from Small Finance Banks have typically been less accessible due to their limited reach, but we are out to change that. Stable Money enables you to book these high-return FDs conveniently within 3 minutes. That too without opening a new bank account. A direct integration with these banks creates a seamless online booking process, where the money directly goes to the bank from your bank account.

You get better returns, and all deposits with these banks are insured up to 5 lakhs by the RBI, just like any other bank!

Here’s a comparison of what your returns would look like if you booked a ₹ 5 Lakhs FD at 6%, like the average investor v/s if you booked one at 8.5%. on Stable Money.

Your returns in just 2 years increase by nearly 50%

Did you know?

Macroeconomic indicators suggest that retail investors are picking up on the fact that these are the best FD rates of the decade.

Term deposits with scheduled commercial banks grew by 10.2% during 2022-23

73.2% of money deposited in 2022-23 went into FDs, compared to 44.4% in 2021-22.

India’s budding female investors

India’s female population is increasingly becoming a larger contributor to the FD market. Women customers’ contributions to deposits continued to rise with an increase of 20.5% during the year ended March 2023 (FY23), according to one of RBI’s recent reports.

Women now account for 39% of overall individual deposits!

In fact, 26% of the increase in deposits at in the last 4 years is attributed to women! This is a significant uptick from previous years, and the trend shows promise.

As more and more women continue to gain financial independence, we have seen many uplifting stories from users of our app. Here’s the story of Vidhy, one of the many women Stable investors securing their future with Stable Money!

At Stable Money, we have a great FD investing option for women. Shriram Finance offers women an additional 0.10% interest on all their FDs.

Make a great investment for your future today!

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In today’s edition, we’ve shown you that FDs are India’s favourite asset class for good reason. At Stable Money, we’re going to ensure that you make the best FD decisions.

Best,

Team Stable Money