How does the 6% returns offered by Belong work?
There's a bank rate (currently it is 4.0% pa) which offered by the Bank. The remaining is the bonus offered as by Belong.
Initially, you will be able to see the breakup of Belong and bank bonus while booking your FD. Once you enter the banks page you will be able to see the rate offered by the bank.
However, once the FD is booked it will say 6% returns p.a on your investment.
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What are the returns offered by Belong on the USD FD?
Currently we are offering a very competitive return of 6% p.a. for these tenures: 3 months, 6 months and 1 year. This is Belong's introductory offer and is not indefinite.
What is the Belong USD FD?
The USD Fixed Deposit on Belong is a USD-denominated FD offered in partnership with RBL bank’s GIFT City unit. The key highlights of this FD for NRIs are: Higher interest rates: Indian banks typically provide higher interest rates than NRIs’ local ...
How is the USD FD on Belong better than FCNR deposits?
Conceptually, they are similar to FCNR deposits, but there are some key differences which make them better than FCNR deposits. Unlike FCNR deposits, which have a minimum tenure of 1 year, Belong USD FDs are available for lower tenures as well - 3 ...
Are returns on fixed deposits guaranteed?
Yes, FD returns are guaranteed by the partner bank. The pre-determined interest rate will be fixed for the entire term of your FD, and you'll know exactly how much you will earn when it matures.
How safe is Belong?
Belong’s app is operated by Betafront Technologies Pvt Ltd and its subsidiaries.The wallet and FD product is provided by its subsidiary Betafront Financial Services (IFSC) Pvt Ltd under a Payments Services Provider (PSP) license from IFSCA (the ...