Are banking apps safe for investing in mutual funds or SIP?

S

Sanjay Barve

New Member
#1
#1
There are many banking apps that are actually allowing to invest in the mutual fund or start or SIP.
Is it worth and are they insightful to use just like other apps have been sharing the market insights.
 
S

Soh325R

Member
#2
#2
Not only banking apps are safe but any company that is registered with SEBI for investment purposes all are safe. You just need to be aware how you are sharing your data over the application. As we fill out mandates form offline and give our consent to debit amounts periodically in the same way banking and other company’s apps take our consent. Always read the terms and conditions carefully whether investing through online or offline mode.
 
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