FundsIndia.com launches Super Savings Account - new product to boost savings

by Shrutee K/DNS

Chennai, January 16, 2017: FundsIndia.com, India’s leading online investment platform has launched – the Super Savings Account, a new product which offers customers the flexibility of a savings account with the growth of a mutual fund. This revolutionary new offering will enable a customer to get higher returns compared to their bank savings account, without missing out on flexibility and easy withdrawal of funds. 

What it is and how it works

The Super Savings Account is a new-age mutual fund which brings with it the advantages of a savings account. By ‘depositing’ funds in the Super Savings Account, account holders get the dual benefit of both saving and growing their money at the same time.  The Super Savings Account invests in Reliance Money Manager Fund, which as of January 7, 2017, gave returns of 8.65% in the last one year. 

Benefits of the Super Savings Account

Earning attractive returns on idle money with the Super Savings Account is just the tip of the iceberg. This account also comes with a free debit card that gives users the flexibility to shop with compatible retail and online partners and withdraw cash from ATMs, just as they would with their bank debit cards. There are no account opening or maintenance charges, no lock-in on savings, and a low minimum balance maintenance of just Rs. 500. If the customers want to redeem money into their bank account, they can do so 24x7 with a click of a button. The amount will be sent to their bank account within 30 minutes.

“The Super Savings Account is ideal for customers who seek higher returns on the money lying around in their savings bank accounts, without missing out on the liquidity and flexibility that they currently enjoy. By investing in a liquid fund, the Super Savings Account offers them the best of both worlds”, said C R Chandrasekar, Co-founder and CEO, FundsIndia.com.  

Srikanth Meenakshi, Co-founder and COO, FundsIndia.com said, “Customers can easily sign up for the Super Savings Account and transfer funds to their new account, using their debit card or by banking online. The entire process is paperless and easy, as are our other products” “The Super Savings Account will change the way Indians bank and will inculcate the habit of investing in a large segment of society”, added said C R Chandrasekar, Co-founder and CEO, FundsIndia.com.  

To open a Super Savings Account, customers can log on to FundsIndia.com and complete their registration. With the benefits of e-kyc and paperless transacting, the registration process just takes a few minutes. 

About FundsIndia: FundsIndia, an initiative of Wealth India Financial Services Pvt. Ltd., is India’s first online-only investment website. A free investment platform, it offers an array of financial products including mutual funds, equities, and corporate fixed deposits. Besides this, FundsIndia also offers free financial advisory services and other value-added services like flexible SIPs, trigger-based investing, access to India’s most comprehensive automated advisory service – Money Mitr, and more. Learn more at www.fundsindia.com.