What is Insta redemption Feature in Finnsys Client app ?
By instant redemption, we mean that the money will be available in your client's bank account in seconds after you press Redeem button for your investment.
Liquid funds with Insta Redemptions - A new way to smart saving!
1. Investors can redeem up to Rs 50,000
instantly from My purse. While normal liquid fund redemption proceeds reach
1 day to be credited to your client’s bank account, withdrawl from My Purse reaches your account in just 2 minutes.
2. The instant redemption limit has been set at Rs
50,000 or 90% of your investment in liquid funds, whichever is lower.
Therefore, if you have invested Rs 10,000, instant redemption will be limited
to only Rs 9,000/-. If 1lac is invested then redemption would be limited to
50,000/
3. The instant redemption facility in liquid funds is available
to Resident Individuals only. Non-residents can’t access this facility.
It might not be correct to think that putting extra effort into selling liquid funds might not be rewarding income-wise, so hold on and let’s understand what are the key benefits for you as an agent.
1. You get an easy sales pitch to Onboard new or
beginner clients, like- you can tell them to invest Rs 100/- in any Liquid
Fund, To begin with; you can ask them to redeem the same after 2 days, to
check the instant redemption facility.
This way, you achieve the following things:
>>You installed the app on their phone to show a quick investment
>>You made their first investment within 2 minutes
>>Gave them the first-hand brief on the usability and
interface of the app for future use.
2. You can get easy access to clients' savings
surplus, which generally is lying in their Bank account and is diverted outside
your domain by the banker.
This way you can get better access to your client's
surplus funds.
We are so confident about the effectiveness
of this product that we have recorded an entire 20 min video for you to watch on this topic.
Want to know more, click here to raise a ticket or call your RM at 90-1521-1521
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