The biggest challenge in terms of savings is the process of
leaving it be; we’re quick to set aside cash, but then we’ll find some excuse
to use it up before we know it.
Well, since that’s case, what if we do our savings
differently? What if we convert our savings into investments by opening up
Fixed Deposits and leave them untouched? Sounds like a plan, yes? Here’s how
FriMi has devised a mechanism for you to do so digitally which makes it all the
more simple and cool!
First of all, FriMi ensures
that your primary concern of security is completely taken care of since FriMi,
is powered by Nations Trust Bank.
That being said, you’ll only
need Rs. 50,000 to open up a FD and you can have multiple FD’s if you so wish!
The duration for your deposit is completely up to you and you have the choice
of choosing between 1, 3, 6, 12, 24, 36, 48 or 60 months for which the interest
will be credited to your FriMi account monthly, annually or at maturity.
Apart from that, FriMi Fixed Deposits arrive with all the standard deposit interest rates, charges and tax rates.
You can also tell us how you wish to tackle the principal
and interest at maturity because they can be withdrawn and/or reinvested depending
on how you wish to move forward. We’ve made FD’s so simple and accessible to
help you save and invest wisely; so do use it & tell us your
experience!