🧐 QUICK INTRODUCTION
Looking for a simple way to save money? Try the Easyplan money saving app. Our saving planner helps you set saving goals and save up money regularly towards them. Your savings are invested in the ICICI Prudential Liquid Fund. This low-risk mutual fund has historically earned twice as much return as a regular bank account*. Best part is, you can withdraw your money instantly, 24 X 7. Plus, you can save how much you want, whenever you want. There are no fixed or automatic deductions. You can start with a small investment of just Rs. 100.
Easyplan is registered with the Association of Mutual Funds of India. Your savings sits directly with ICICI Prudential Mutual Fund. You will receive email and SMS notifications from them. You can track your investment via their website or their branches.
⚙️HOW DOES IT WORK?
🎯 Set up a saving goal or plan. Our saving planner tells you how much you need to save for it. You can choose to save money weekly, monthly or even daily.
📅 We will send you weekly or monthly reminders to help you save up money regularly your goal.
💰 Save money digitally via UPI, Net banking, or debit card.
💸 Withdraw money anytime, instantly.
Use the goal tracker to track your saving goal progress.
🏦 WHERE DOES MY MONEY GO?
Your money is saved in the ICICI Prudential liquid mutual fund account in your name. A liquid fund is a simple, low-risk mutual fund ideal for short-term saving. It doesn’t invest in the stock market, but in safer debt securities. In the past 13 years of its existence, the fund has grown at ~7.2% per year*. This is more than twice what regular bank accounts earned in the same period.
☔ IS IT A SAFE INVESTMENT?
We chose a liquid mutual fund precisely because of it is a smart but safe investment option, tailor-made for short-term saving. In the past 13 years since it started, the ICICI Prudential Liquid Mutual Fund has never lost money for investors who kept their money in the fund for at least one week. If you’re looking for a simple, relatively safe and small investment plan, then the liquid fund is right for you.
🏧 WHEN CAN I WITHDRAW MY MONEY?
You can withdraw your money anytime digitally from the app. Even before your goal is complete. The amount available for instant withdrawal is Rs. 50,000, or 90% of your total investment amount, whichever is lower. The balance amount is sent to your bank account in 1 – 2 business days. There are no fees or penalties for withdrawing your money.
🛡️ DO I HAVE TO SAVE EACH WEEK OR MONTH? WHAT IF I MISS AN INSTALLMENT?
It is not compulsory to save money weekly or monthly. You can save when you want, how much you want. We will never charge you a fee or penalty for missing your weekly or monthly savings. If you don’t feel like you can hit your savings target in a month, you can still put in a small investment, or skip the investment entirely. You can even make one-time investments. This is a completely flexible money saving app!
💳 ARE THERE ANY CHARGES?
No! It is completely free for you. When you save money with the Easyplan saving app, we earn a small commission from ICICI Prudential AMC. This commission helps us run our business. Read more here .
💰 HOW MUCH DO I NEED TO SAVE?
There is no minimum amount. Your first saving must be Rs. 100 or more. After that, you can even save Re. 1 at a time!
*Mutual Fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns.
❓ HAVE QUESTIONS?
Questions about how to use the Easyplan saving app or on the ICICI Prudential liquid fund? Contact the Easyplan India team via WhatsApp, Email, or Call. We would love to help you set short-term saving goals and save up money regularly for them.