App Profile: Altcase: High Interest FDs

Invest in fixed deposits with high interest rates (up to 9.41%) on the Altcase app!

It’s 2024 and FD rates are high again. Altcase is the best app to invest in high interest rate FDs!

Here’s what you get on Altcase:

- Highest corporate FD rates - up to 9.41%
- Most reputed NBFCs and banks regulated by the RBI
- Insurance of up to ₹5 lakh on bank fixed deposits
- Fully digital investment journey - fastest investment was done in 90 seconds!
- No new bank account required - invest online using your existing bank account
- User-friendly app and customer support to invest and manage FDs
- Bank grade security for your money and personal data
- Invest with the financial institution directly

Key Features:

- Highest FD Rates:
We strive to bring reputed institutions that offer the highest FD rates
Highest FD rates of up to 9.41% available on Altcase

- No New Bank Account Needed:
You can invest in FDs using your existing bank accounts
Save the hassle of opening new bank accounts for new FDs

- FD Comparison Tool:
Compare FD rates and FD interest rates from multiple banks and NBFCs
Find the highest rate FD options for your financial goals and requirements

- Advanced FD Calculator & Interest Rate Calculator:
Utilize our built-in FD calculator to estimate your interest payout
Compare FDs across tenures and payouts with effective yield

- Extensive FD Selection:
Choose from 30+ FD schemes across issuers, tenures and payouts
Build a strong foundation and portfolio diversification with high rate FDs

- Seamless Management and Tracking:
Receive daily earning updates
Track your wealth growth in real-time

- FD Upgrade Recommendations:
Get higher interest rate FD recommendations with similar tenure
Never leave higher interest FDs on the table

- Your Money and Data Safety:
Altcase facilitates transactions but your money is always transferred directly to the financial institutions
We encrypt all data in our storage systems to keep it safe at all times

- Nominee Setup:
Adding a nominee helps in smooth transition of your wealth to your next generation
Easily add or modify your FD nominee directly through the app

- Convenient Payment Options:
Instant and convenient payment options: UPI (Gpay, PhonePe, PayTM) and netbanking
Quick and easy bank verification process

Why Should You Invest in Fixed Deposits?

- Assured Returns: FDs offer guaranteed returns making them ideal for risk-averse investors
- Regular and Reliable Income: Interest from FDs can serve as regular incomes for businessmen and senior citizens
- Portfolio Diversification: FDs can help you diversify your growth portfolio of stocks and mutual funds
- Goal-Based Saving: Perfect for specific short and medium term financial goals like education, car, home or wedding
- Loan Against FD: Avoid expensive personal loans and use your FDs as collateral for low-interest and flexible loans

Types of FDs in India:

- Corporate FDs: Higher returns than bank FDs from reputed NBFCs
- RBI-Insured Bank FDs: Bank FDs enjoy insurance of up to ₹5 lakh per depositor
- Tax Saver FDs: 5-year FDs is an eligible instrument under IT Section 80C
- Senior Citizen FDs: Higher interest rates for individuals above 60 years
- Women FDs: Higher interest rates for women (by some FD issuers)
- Cumulative FDs: Get all your interest credited to your account at maturity
- Non-cumulative FDs: Get a stream of regular interest payouts until maturity
- NRE FDs: Tax-free interest in India for NRIs with NRE bank accounts

Happy Investing!