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How to Start Micro-Saving on PhonePe: Fixed Deposits and a ₹100 Daily RD
PhonePe has introduced new micro-saving features, enabling users to easily book Fixed Deposits (FDs) and start Daily Recurring Deposits (RDs) directly within the app. FDs offer secure, guaranteed returns insured up to ₹5 lakh by the DICGC. Additionally, in partnership with Shivalik Small Finance Bank, PhonePe’s Daily RD allows users to automate daily investments starting at just ₹100 using UPI Autopay. These tools are designed to build disciplined saving habits while offering high flexibility, including easy withdrawals after seven days and no penalties for stopping mandates.