Comment on A product to get more Indians to save and invest

Arun commented on 10 Dec 2020, 11:42 PM

Can you offer a product wherein your principle is locked in a FD and monthly interest earned is invested in a MF or smallcase? If you can tie up with government banks offering SCSS to introduce SIP/smallcase to their senior citizen customers on a small portion of their monthly interest earned, I feel there is potential there. Banks can offer higher interest if the customer agrees to invest a portion of his monthly interest on SIPs.

Cheers,
Arun

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