Super.money has unveiled SuperFD, a pioneering fixed deposit (FD) product leveraging UPI for a fully digital and paperless investment experience. In partnership with leading small finance banks, users can now open FDs on the app with amounts starting at ₹1,000 and earn interest rates of up to 9.5%.
This industry-first initiative targets India’s young, digitally-savvy investors, providing an easy onboarding process that takes under two minutes, complete with eKYC and optional video KYC. All FDs on SuperFD are insured up to ₹5,00,000 by the DICGC, ensuring safety alongside competitive returns. Prakash Sikaria, Founder & CEO of super.money, said, “SuperFD combines the ease of UPI with attractive FD rates to redefine savings. This aligns with the RBI’s vision of making deposits appealing for the modern investor.”
Guwahati, a key emerging market for fintech adoption, stands to benefit significantly from SuperFD. With its low entry point and high returns, the product is an ideal savings solution for the city’s growing pool of young professionals and entrepreneurs seeking secure and rewarding financial tools. SuperFD is the latest addition to super.money’s suite of UPI offerings, including superUPI and superCard, aiming to bridge India’s credit and deposit growth gap while offsetting inflation.
