How to earn 12% Interest on your savings?
BharatPe's 12% Club is a financial product that offers Indian users the opportunity to earn an impressive annual interest rate of 12% on their money.
Here's how you can earn 12% using the BharatPe 12% Club app:
Download the BharatPe 12% Club app from the App Store or Google Play Store by clicking here.
Create an account and complete the registration process.
Deposit funds into your 12% Club account. You can do this by transferring money from your bank account by UPI or Internet Banking.
Once your funds are deposited, you will start earning interest at a rate of 12% per year.
You can track your earnings and withdraw your funds at any time through the app.
Here's what you need to know about the 12% Club:
What is it?
The 12% Club is a fixed deposit product offered by BharatPe, an Indian fintech company. Funds deposited in the 12% Club are used by BharatPe to lend to small businesses, and the interest earned on these loans is paid out to 12% Club users in the form of monthly payments.
How does it work?
To use the 12% Club, simply download the app from the App Store or Google Play Store, create an account, and deposit funds into your account. You can do this by transferring money from your bank account or by adding a credit or debit card. Once your funds are deposited, they will start earning interest at a rate of 12% per year. You can track your earnings and withdraw your funds at any time through the app.
What are the details? Here are a few key details about the 12% Club:
- Minimum deposit: INR 1,000
- Maximum deposit: No limit
- Interest earned: 12% per year, paid out monthly
- Tax implications: Interest earned is tax-free up to INR 10,000 per year under Indian tax laws
- FDIC insurance: Deposits are FDIC-insured up to INR 5 lakh per user
Is it safe?
BharatPe has a strong track record of financial stability, with no reported defaults on its loans to small businesses. However, it is important to note that investing in any financial product carries some level of risk, and it is important to carefully consider the terms and conditions of the product before investing and to only invest what you can afford to lose. It may also be helpful to do your own research and consult with a financial advisor before making a decision.
If you're looking to earn a high interest rate on your money and are comfortable with the risks involved, the BharatPe 12% Club could be worth considering. Just be sure to do your due diligence and invest wisely.
No comments
Post a Comment