Will I get an option to re-invest upon maturity?
Yes, once your FD matures the money will be credited to your Belong wallet and you can reinvest it, if you so wish.
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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 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 ...
How will I transfer money to book FD?
You will have to make a SWIFT transfer to Belong if you want to invest. To know more about adding funds to your Belong wallet, please check the Belong wallet section.
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 ...
What is the minimum amount for RBL USD FD on Belong?
The minimum amount required to open a USD FD with Belong is $1,000.