Money Tips: This savings account will help you earn money every day, you can withdraw money through UPI..

Lakhs of rupees of yours are deposited in a normal savings account of the bank. These rupees earn annual interest at the rate of 3-5 percent. Whereas fixed deposits earn 5-7 percent interest. On the other hand, mutual funds give investors an annual return of 12-15 percent. According to an estimate, about 80 lakh rupees are lying in bank savings accounts giving low interest rates. To earn on this money, new age fintech platform Curie Money has launched a high return digital savings account 'Anubhav'. Launched in partnership with ICICI Prudential Mutual Fund and Yes Bank, this account also provides an instant withdrawal facility from UPI along with mutual fund returns.

The account can be opened on zero-balance

Curie Money has partnered with Yes Bank to provide the facility of this unique savings account. This account can be opened on zero balance. Curie Money has received approval from NPCI to work as a TPAP (Third Party Application Provider) for UPI services. With this, it has joined the league of platforms like Google Pay and PhonePe. Curie Money with ICICI Prudential Mutual Fund enables its users to invest their idle savings in liquid and overnight mutual fund schemes, helping investors get higher returns than traditional savings accounts.

Better earnings every year

Instead of depositing money in a savings account, users can now earn better returns annually by investing in liquid and overnight mutual funds. Investors can make payments instantly through UPI. Money from their mutual fund investments (up to Rs 50,000) is automatically redeemed and credited to their linked bank account in real-time. Curie Money, co-founded by Arindam Ghosh and Tushar Chaudhary, has a mutual fund distribution license from the Association of Mutual Fund Associations in India (Amfi).

You can open an account without submitting a paper.

The entire journey from opening an account to investing, redeeming, and paying is paperless and easy. Backed by Yes Bank, this account has no minimum balance requirement. Liquid funds are low-risk. Only the gains are taxed and not the entire withdrawal amount. Thus, this account provides a more efficient way to manage idle cash compared to traditional savings options. This offering is designed for individuals who want better value from their idle savings without compromising on liquidity or convenience. Curie Money uses SEBI-approved instant redemption features and integrates them with UPI through its Yes Bank savings account, ensuring that investors retain control over their money while making it work more for them.

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