Gone are the days when your bank accounts were the only means for savings and investments. With the increase in adoption of mobile devices powered by digitization and fintech technology, it’s way more easier now to align your short term and long term goals along with your financial objectives.
At Sqrrl, we have made a proactive attempt to stay at the forefront of this new wave of technology by helping millions of young Indians to save, invest and prosper. All this can be done just at the tip of your fingertips.
Today we bring you 4 reasons as to why you need to move beyond your bank account and start to SqrrlAway your money.
Table of Content
1) Small is Beautiful
Today’s lifestyle has become way too materialistic and sophisticated. It’s tough saving today when everyone around is pushing you to spend. We get it and that’s why we have brought Sqrrl Away that makes every day saving easy and kinda fun too. We believe that ‘Small is Beautiful’ which means taking baby steps by setting up to Sqrrl small sums of money automatically from your bank account.
In the case of your bank account, in order to do a fixed deposit, you’ll have to accumulate enough cash first. But with Sqrrl you don’t need to make a lump sum investment. You can Sqrrl Away as little as Rs. 500 every week, and watch it grow over time.
2) More is Better
Your normal savings account with banks offer you the usual 4 % interest rate whereas we believe the more the merrier. Sqrrl helps you to earn 7-8% vs. your usual 4% bank savings rate. This, in turn, leaves you with more to spend later. With Sqrrl, you don’t need to open a bank account. We work with your existing bank account and get your monies to work harder and better by making smart and automated investments.
3) Any Time Money
Banks have started charging fees for the simplest of activities like cash withdrawals and deposits. A pre-withdrawal towards fixed deposits and investments would attract penalty. SqrrlAway, on the other hand, offers you unlimited withdrawals and instant redemption without any kinds of charges.
There are no fees for account setup or for subscription or any kinds of transaction done. Your money is accessible to you for free at all times. With Sqrrl, all you have to do is tap on the mobile app for your money to come back to your bank account.
4) A Painless & a Paperless experience
Say goodbyes to the pain of visiting a bank or frequent meet ups with a banking personnel to keep a track of your KYCs or investment documentations. We at Sqrrl are here to take away all your paperwork pain. We check seamlessly whether you are already KYC certified, which is mandatory for you to be able to invest your money.
In case not, Sqrrl will get you KYC certified, in which case you may need to upload some documents like your PAN Card, an Address Proof, and your Signature. All this can be done within the app itself. Just download the Sqrrl app from the Apple App Store or the Android Google Play, follow the quick 4 steps shown when you open the app and voila! You’re all set on your journey to Save, Invest and Prosper.
“Though small was your allowance, you saved a little store, and those who save a little shall get a plenty more.” On this savings note, we wish you a happy and a prosperous journey ahead.