I'm Saurabh Jain, Co-Founder & CEO at Stable Money. Ask me anything!

@AlphaGrindset Ah, 20! I feel so old, man. Before discussing anything about FDs, I just want to say - don't play it safe, go out and build something. This is a great age to start something. I wish someone had told me this. On FDs - You need to have a balanced portfolio. Don't put all the eggs in one basket. Your emergency fund, which is liquid, has to be in FDs. Why Stable money? Because like your bio, we are also a series A company, haha. Jokes apart, we will offer you the highest FD rates and the best CX. Trust us once :)(

when we will bring the More stable banks other than small banks? and what is the plan to bring the bonds andother investment options

@EmbarrassedDiversity Diversity We talk to our customers every day! I mean it. We are the only ones who offer full-time call support to address any and all customer inquiries, including those from new customers. Trust me, that's not easy to do. Even at our small scale, we handle over 700 calls every day. And it's not just the support team – everyone on the team is on the phone with someone at some point, including me. I'm in direct contact with 10% of our users. This keeps us grounded and in touch with reality. By listening to our customers, we have been able to create some great features. That's hard to keep up going forward but we will stop that last.

@SaurabhJain love this!!

@FelineHunting Hunting Great choice, man! I hope you are investing in Nifty 50, as it is the cheapest option. However, investing there does not guarantee that you will always come out positive when you need money urgently. So, where do you keep money for emergencies? Nifty has yielded 12% over a long period, but there have been years when the returns were much lower.

How is nifty 50 risk free? The index gave around 4% returns in 2022.

Excited to hear from you!

Hi

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@AnguishedRack, Let's talk, man! No positions are open right now, but we are always (always) looking for hungry folks who are here to prove something to themselves (or others). DM me on Linkedin??

@DullServitude Hey, I need some help with Gupshup. Hope you can help. haha :) I never told this to anyone, but just for you - I would have moved for any role, any domain just to work with Sachin Bansal. It just happened to be that he was working on Navi. No thoughts, deep thinking or strategy before moving. :) I found it easy because I had no baggage of what works, regulations, etc. So was freely working on ideas - Some failed but some worked amazingly well. E.g. starting low cost index fund as a strategy.

Also the features you offer in top 1% club is just for the sake of it, again good UI/UX though. I think a lot better can be done there without investing much. Please ask your product team to think - amazing opportunities there and pls don’t give free masterclass access, market is flooded with such marketing centric masterclasses, the fad of online classes is over.

@SentinelPrime You just need to show some love to us and I am happy to fund your first FD :) Honestly! But technical answer is 1000! You can book your 1000 FD on our platform (Ujjivan Bank) and get started.

I literally beg, haha! Honest answer, there are 25cr FDs. It needs no convincing. Just that your and my primary circle doesn’t do it more often but India runs on FD. And I run behind them :-)

*Sorry it was Harish who made tonnes of money. I am sure you also did at Swiggy and Navi.

@MonumentalMansion Great idea! I will pass this to the product team and get started. I can't commit, but hopefully, you will see this by mid-Oct. my product team will kill me for this

@SomeBackdrop I have seen my dad working (very) hard with min luck - There was no balance! But that was needed at that time and I am trained that way. For me, my work defines who I am. I am socially awkward (hence doing AMA here). Hence, for me, work and life are the same. Fortunately, my wife has known me since I was 15 years old, so it's all okay! Sorry, I am sure you were expecting something else here.

Hey @SaurabhJain, look here as well 📸

Since I’ve not received a response so I am gonna say ki FD farzi product hai…Ankur Warikoo ki jai 😜

@Nole Hey! A large population is more focused on earning more money by working hard than growing their money through investments. We are building from them. People who spend less time on investments and hence wants safety and simplicity. Showing how much customers love us has helped us build a trusted brand. Our referral numbers are off the roof. Also, some trust worthy influencers have helped us reach to masses.

@ExhaustedDrug Oh, you will be shocked! During my time at Navi Mutual Fund, I noticed that many users were applying for NFOs (New Fund Offers) and redeeming on the first day of launching. I was surprised by this behavior. When I spoke to them, I realized they were confusing this with IPO (Initial Public Offering) day one gains. This shows that mutual funds and stocks can be complex for investors to understand. Coming from a tier 2 background myself, I have observed that a large population is more focused on earning more money rather than growing their money through investments. This may seem simple, but it runs deep. We aim to create solutions for such investors.

I believe the hardest part is staying true to your vision! The push for revenues pushes every fintech to start doing MIS selling in some shape and form.

Thinking about customer before revenues! It’s hard for banks to beat this 🙏🙏