With the Mool Money app, you’ll have all of your financial information in one place, making it easier to make intelligent financial decisions. Unlike traditional financial institutions, we are a platform that collaborates with an RBI-licensed bank, SEBI-licensed asset management firms, and IRDA-licensed insurance companies to deliver digital financial services and advisory services to clients in India.
Because there will be more options available to you, your ability to spend your money wisely will improve in direct proportion to the number of choices available to you.
In today’s post, we will be looking at how you can apply for a Mool Money Bank Account. Here’s an overview:
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How To Apply For a Mool Money Bank Account?
With Mool Money, you can begin a savings account in as little as five minutes. You would not have to deal with long waits when standing in line. Create a Mool Money account and get the Mool app from the Google Play store for your mobile device.
- In order to sign up, you can visit the Mool Money Waitlist page.
- You will come across an early signup form, you can fill that up in order to register.
- You will be asked to fill in your first name, last name, and email.
- Once you filled in all the details it will ask you to verify your account with OTP.
- We will update this section once Mool Money is available for signup as it’s currently on Waitlist.
Is having a single account for both investment and savings advantageous?
One of the best ways to go to financial freedom is via Mool Money savings and investment account. As long as you don’t have to maintain a minimum level in your Mool Money savings and investments account to safeguard and grow the value of your life, this account can help you achieve just that.
It is possible to automate your investments and get returns ranging from 6% to 12% of the entire invested amount. Furthermore, Mool Money does not promise that these returns will be realized; instead, they are computed based on previous results.
It is possible to transfer and receive money from one account to another in seconds.
To top it all off, you’ll receive a Mool Secured Credit Card with your name. Withdrawing cash from a nearby ATM or Mool facility and making purchases with your Mool card might improve your credit score and spending habits at the same time.
My money is in a Mool account. Is this risky?
The SBM bank will act as the custodian of your Mool Money Savings Account. According to the company (RBI), all regulatory standards set by the Reserve Bank of India are met by SBM bank, according to the company (RBI). Thanks to the same security measures as traditional financial institutions, your money is secure in your Mool account. Following Reserve Bank guidelines, account balances of up to 5 lakh rupees are fully insured. This is the most you can get away with in terms of insurance.
To finish my Know Your Customer procedure, what papers do I need?
We’ll also require your Aadhaar card number and your Taxpayer Identification Number (ITIN) (ITIN). One-Time Passwords (OTPs) will be delivered to your mobile device as soon as you establish a Mool account. We’ll also need your complete name, address, and perhaps some other identifying facts.
The Mool savings account is open to everyone at least 18 years old.
Any Indian citizen over the age of 18 may open a Mool account. What are you waiting for, exactly? Get your Aadhar card and PAN number available and open a Mool account. This is a need. Here you might get all the vital details that one requires before opening an account.
How can I do it to put money into my Mool savings account?
You have a wide range of options for investing your Mool funds. Your employer, friends, or family members may send you money by utilizing the IMPS or NEFT digital money transfer services. You can share your UPI ID, or your Mool savings account details with them and request that they do so.
A Mool cash station may be found in the most convenient region, or you can bring in cash to deposit into your account with one of our Mool agents. Your money may be picked up in person by making an appointment, or you can locate the closest cash station and deposit your money there using the Mool app.
Is it okay if I share my Mool savings account details with my employers?
Without a shadow of a doubt, yes! You have the option of requesting from your company that they place a monthly direct payment into your Mool savings account. They will want that you furnish them with the number found on your PAN card, as well as your IFSC code and Mool account number.
To be the Mool secured credit card owner, what does it mean?
With Mool’s savings account, you’ll get a Secured Credit Card that you may use to pay for your purchases. Secured credit cards like the You Mool Secured Credit Card are similar to debit cards.
- Lifetime Free Card.
- Earn 1% Cashback on every transaction.
- Build Credit Score with every transaction.
You may use your Mool Secured Credit Card everywhere Visa is accepted, online and in brick-and-mortar stores. You may use your debit card to withdraw money from any ATM or Mool Service facility in the immediate area.
That’s all about Mool Money. I hope you have got an idea about how you can apply for the Mool Money waitlist. In case you have further queries, just drop a comment below. I will be happy to help. Don’t forget to join our FinTalks Facebook community for getting the latest updates on banking and finance.
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