Will Belong bonus show on the FD receipt?
The bonus is given by Belong hence it will not be reflected in the FD receipt. Once the FD matures the interest offered by the bank and Belong's bonus will be credited back to the Belong wallet.
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What happens to my FD if Belong shuts down?
Your fixed deposit is made directly under your name and contact details with our partner bank. You will also receive an FD receipt from the partner bank on your email id once you book any FD. In the unlikely event that Belong shuts down, you can ...
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 ...
What documents will I need in order to book my FD on the Belong app?
You do need separate documents for booking your USD FDs on the Belong app. Once your KYC is verified and Belong wallet is activated, you can just fund your wallet and book your FDs. For completing your KYC verification on the Belong app, you will ...
Who provides the USD fixed deposits on Belong?
Our current USD FD offering is in partnership with RBL bank. You will also receive a FD receipt from RBL bank in your name within 2 working days of booking the FD. Belong, under its PSP license, acts as a facilitator for customer’s KYC and money ...