Comment on Introducing Balance - Clever ways to save

Balance commented on 05 May 2017, 01:44 PM

Hi Santosh,

You do not need to park funds in your Balance account, Balance is a savings app that helps you build the habit of saving. As and when you approve saves, balance will invest into the fund associated with your goal, through Zerodha Coin, using your Zerodha Kite account as a source of funds.

If you want, you can however manually invest whatever amount you want in Balance, which would be the same as what you have described.

To answer your second question, if you withdraw after 6 months, the total amount would be deposited back in your Kite account in up to T+2 Days.

To know more about Balance and how it works. tune in here! https://www.youtube.com/watch?v=zFT-nA6j6Ek

View the full comment thread »