Indmoney review with Charges

Indmoney is an Indian investment platform that provides users with access to Indian stocks, mutual funds, and ETFs. It was founded in 2016 by Ashish Kashyap.

Indmoney review

How is the Indmoney app most asked question when investing in Indian & US stocks. Today we are going to do the Indmoney review.

Let’s begin with the Indmoney app review and answer a common asked ‘Is Indmoney safe?‘

What is Indmoney

Indmoney is a personal finance management app that helps you track your expenses, set budgets and save money. It is available for free on Android and iOS devices.

The app has a simple and user-friendly interface. You can add expenses under different categories and set budgets for each category.

Indmoney is a great app for people who are looking to save money and manage their finances better. It is easy to use and provides helpful insights into your spending habits.

How Indmoney works

The Indian stock market is one of the most volatile and complex in the world. With over 5,000 listed companies and billions of dollars worth of transactions taking place every day, it can be difficult to keep track of everything that’s going on.

Also read: How to earn money daily online without investment

That’s where Indmoney comes in. It is a financial technology company that provides stock market tracking and analysis tools to help investors make better-informed decisions. The platform enables users to track real-time stock prices, news, and trading activity, as well as access detailed company financials and research.

With Indmoney, you can stay on top of the Indian stock market and make the most informed investment decisions possible.

If you want a platform that can track everything from daily expenses/investments to credit scores.

Read also: Upstox benefits

Is Indmoney Safe?

Is Indmoney safe is a question often asked. Yes, the Indmoney is safe. In order to track your spendings, such as credit card and bank transactions, Indmoney requests permission to access your messages and emails. You could be concerned about whether or not your information is in secure hands.

It only reads information from bank emails and messages and ignores all other emails and messages.

It is a secure platform that helps you manage your finances and make payments easily. The app is developed by a team of experts who are committed to providing the best possible experience to users. The app is regularly updated with the latest security features to ensure that your data is always protected.

Indmoney has been managing its cloud infrastructure with Amazon Web Services (AWS), a best-in-class cloud infrastructure provider, in accordance with the AWS Well-Architected Framework.

An authenticated encryption protects the data that is stored. In addition, Bishop Fox – A Google Partner does a security check for Indmoney.

Bishopfox is a highly esteemed company that offers safe platforms. Global industry leaders such as Zoom, Amazon, Google, and Coinbase all utilize Bishopfox to provide their customers with the highest possible level of protection.

Because of this, using Indmoney to share information about your bank account, credit card, or other forms of financial information is completely risk-free.

Indmoney is a registered investment advisor with the Securities and Exchange Board of India (SEBI). Read privacy practices of Indmoney

Option for a Reliable Chat

If you are a premium member of Indmoney, you have access to a rich talking feature that is referred to as “chat with your expert.” This feature is powered by “Freshchat,” which is recognized as one of the most reliable and secure chatting systems available.

The absence of an in-house talking platform, on the other hand, raises eyebrows since most major firms of this magnitude avoid using third-party apps and instead have their own systems created in-house in order to provide more secure platforms.

It is safe for you to discuss your sensitive information with their specialists through chat; nevertheless, it is up to you to decide whether or not doing so feels comfortable to you.

Read also: Teji Mandi Review: Is it worth Investing in the Teji Mandi portfolio?

Indmoney Brokerage

lNDmoney A/C opening- ₹0/-

KYC- ₹0/- ₹0/-

Brokerage/ Commission- ₹0/-

Tracking money- ₹0/-

Add family member- ₹0/-

Indmoney US Stocks charges

US Stocks A/C opening- ₹0/-

KYC- ₹0/-

Super saver account opening charges- ₹0/-

Fund Withdrawal Charges- $5 (lowest in India)

Tracking charges- ₹0/-

Account maintenance charges- ₹0/-

Trading charges- ₹0/-

Charges outside of lNDmoney- Check here

Mutual Funds

lNDmoney A/C opening- ₹0/-

KYC- ₹0/-

Brokerage/ Commission- ₹0/-

Tracking charges- ₹0/-

Switch from Regular to Direct- ₹0/-

SIP- ₹0/-

Rebalancing- ₹0/-

US Stocks A/C opening- ₹0/-

KYC- ₹0/-

Super saver account opening charges- ₹0/-

Fund Withdrawal Charges- $5 (lowest in India)

Tracking charges- ₹0/-

Account maintenance charges- ₹0/-

Trading charges- ₹0/-

Charges outside of lNDmoney- Check here

FD

FD A/C opening-

KYC- ₹0/-

Brokerage/ Commission- ₹0/-

Tracking charges- ₹0/-

Charges outside of lNDmoney- Check here

Tracks all your stocks and mutual funds investments, expenses, credit cards, and insurance plans in one place.

Investing in US stocks without paying a commission

Money transfer to a US stock account with no hassles

Cheapest withdrawal charge from a US stock account

Interest rates on FDs are higher.

Provides Advisory And Portfolio Management

Allows to buy Fractional Shares

How do Indmoney investors get dividends from US stocks?

The dividend amount will be automatically deposited to your Indmoney account when stocks pay dividends. These dividends are taxed at a rate of 25% at the point of receipt. As a result, the money you receive in your US stock account as a dividend payment will be after tax. You will earn $7.5 if a US-based stock declares a dividend of $10. In India, however, your tax liability is assessed at $10.

You may, however, deduct this tax in your yearly income tax returns in India and receive full credit for it. When you open a US stock account and become a premier member of Indmoney, they handle all of the paperwork for you, allowing you to take advantage of this tax benefit.

Advantages of Indmoney

People usually use spreadsheets to manage and track their money, but it quickly becomes inconvenient to update assets and maintain the current worth of your assets. Indmoney has solved this problem by forming partnerships and integrating with many platforms, automating the entire process.

Once you start tracking your net worth, the app will provide you with personalized financial advice, such as:

You may save an extra 1.5 percent by moving from regular to direct mutual funds.

Rebalancing or refinancing your existing home loans to lower your EMI.

Identifying any non-viable investments (poorly rated debt instruments).

Increasing your ideal money’s earning potential by shifting part of it from savings accounts to liquid funds, and much more.

The app also allows you to invest directly in mutual funds, US stocks, bonds, and PMS, among other products and backs each one with high-quality, unbiased research and advising.

Expense tracking is included in the app to assist you in keeping track of and optimizing your costs and budget.

The app is actually a Super Money App, since it covers all elements of your personal money and those of your family.

Furthermore, Indmoney is a SEBI-registered company that assures bank-level data protection; the security assessment was performed by Bishop-Fox, a reputable security firm that is Google-certified.

Tracks all your stocks and mutual funds investments, expenses, credit cards, and insurance plans in one place.

Investing in US stocks without paying a commission

Money transfer to a US stock account with no hassles

Cheapest withdrawal charge from a US stock account

Interest rates on FDs are higher.

Provides Advisory And Portfolio Management

Allows to buy Fractional Shares

Indmoney user reviews

These are some of the Indmoney reviews written by users:

I appreciate using the IND money app for investing in U.S. equities for a number of different reasons. One of the reasons for this is that it is really simple to use and straightforward to browse. One further incentive is that it offers a wealth of information, including stock quotations, news, and analyst ratings, which can all be accessed via it.

Abhay Shukla

I like the Indmoney for several reasons. It is very user-friendly and easy to navigate. Second, it offers a wide variety of features and tools that make it a great resource for investors. Third, it is constantly being updated with new features and information, which makes it an valuable resource for anyone interested in investing in US stocks. Finally,

Rimjhim Sachadeva

The customer service is excellent and they are always willing to help with any questions or concerns you may have.

Surender Sharma

I like that it comes with a built-in tool for managing my portfolio, which allows me to monitor the progress of my assets at any time.

Sumit Agrawal

FAQs

What is Indmoney referral code

Indmoney referral code is DEEQQ01USS. Use during signup to support us.

How to use code in Indmoney

When you join up with Indmoney, you will be given the option to redeem a referral code. You can use the code DEEQQ01USS to open an account for free.

Indmoney review

Indmoney is a great app for investing in US Stocks. It helps save money and manage finances. It’s simple to use and offers spending insights. Use referral code DEEQQ01USS on signup to support us.

Is Indmoney safe

Yes, Indmoney is safe. Indmoney wants permission to access your messages and emails to monitor your spending. You may worry about your data’s safety. It only reads bank emails and ignores others.

How is Indmoney app?

Indmoney is a great app for tracking your expenses and saving money. It’s easy to use and has a lot of features that make it very helpful. The app is free to download and use, and it’s available for both iOS and Android devices.

All Indmoney Charges

Charges & Features