12 Best Financial Products Selling Apps in India | Earn Rs. 50,000 Per Month

Selling financial products can be daunting?

But believe me when we say that you don't have to be a certified public accountant or a financial adviser to make money in the personal finance niche.

If you're anything like me, when you join any program, your primary goal is to earn commissions by recommending products so that when you wake up in the morning to see your money is starting to grow.

You can earn up to Rs. 50,000 per month working from home and with no investment simply by referring your friends to the program and beginning to reap its benefits.

You simply need to pick the best financial products, direct your audience to them, and then let the big banks, loan providers, and credit card companies close the deal.

And now is an extremely good time to begin promoting and selling financial products. After all, the majority of Indians are adopting an online tradition in which it is simple to open an account digitally.

Many companies in India have entered the fintech nich, offering users the ability to sell products and services directly through mobile phones, making it an amazing concept for users to make money from their mobile phones without paying additional fees for joining any website or becoming agent charges.

Who can join?

Anyone who wants to earn extra money without making any investments, from a housewife to a student, or from a retiree to someone with a little financial knowledge, can become an Advisor.

How much you can Earn?

Many users earn up to Rs. 50,000 per month simply by referring products to their friends and family; your earnings will be determined by how hard you work.

What documents do I need to register?

• Aadhar Card 
• PAN Card 
• Bank Account Details

So, let us begin with the best financial app in India for making money online while working from home.

1. PickMyWork

PickMyWork is an income multiplier portal where you can learn new skills and perform activities to earn money.

PickMyWork provides a large choice of financial products for you to sell and make extra cash in your spare time. They provide excellent commission rates on all sales.

PickMyWork Referral Code: RhyjjMhNjn

Financial Products: Merchant Accounts, Bank Accounts, Demat Accounts, Credit Cards, Loans, Insurance

Download PickMyWork App

2. IDFC FIRST Bank MyFIRST Partner

The IDFC FIRST Bank MyFIRST Partner Program is one of the top money-making apps for Android.

Refer personal loans to friends and family and make money online regularly. Indian individuals with an active savings bank account are eligible to become a MyFIRST Partner for free.

Financial Products: Loans/p>

Download MyFIRST Partner App

3. BankSathi

Bank Saathi provides us with an excellent opportunity to earn money online, allowing anyone to earn money while sitting at home.

Bank Saathi app offers many services in its dashboard, including Saving Account, Demat Account, and Insurance, as well as Credit Card.

Different services in the Bank Saathi app generate different amounts of money; you can work as a financial advisor or bank friend using this app.

BankSathi Referral Code: 39300138

Financial Products: Bank Accounts, Demat Accounts, Credit Cards, Loans, PayLater, ITR and Tax, Cryptocurrency

Download BankSathi App

4. ZET (OneCode)

Onecode is a Work From Home App and Refer And Earn Mobile App that allows you to earn money while sitting at home by working from your mobile phone.

You can earn money by referring all of these products on social media to your friends, family members, and neighbors. I'd like to tell you something. You can get up to Rs. 1,300 for a single account opening.

OneCode App works as a platform, containing products and services from numerous banks and institutions. Which you can access from a single location. And you don't have to invest anything in this application. All you need to do is forward the link. And anyone who signs up using your share link. Then his commission is deposited into your account.

OneCode Referral Code: one@freebiesloot

Financial Products: Bank Accounts, Demat Accounts, Credit Cards, Loans, PayLater, Mutual Funds, Fastag, Recharge and Bill Payment, Investments, Cryptocurrency

Download OneCode App

5. Creditcode

You can make money online by simply sharing financial products using the Creditcode earning app. If you are looking for work-from-home jobs online, the Creditcode is an excellent choice. Get consistent monthly earnings that too with zero investment.

Join with no investment of money. Simply download the app and create a free account. You will be shown all of the things you can sell as well as the potential revenue. Simply begin sharing, and your journey to earning money online will begin.

Also receive regular product sales training. You will be able to learn and sell products with the help of their expert trainers.

Creditcode Referral Code: 97AU5C

Financial Products: Bank Accounts, Demat Accounts, Credit Cards, Loans, PayLater, Mutual Funds

Download Creditcode App

6. Money On Dream

Money On Dream provides a diverse range of options. decided to promote financial products to your target market

Products from various categories, such as savings accounts, demat accounts, and upi apps, provide a plentiful source of earning opportunities.

Money On Dream Referral Code: MOD813499

Financial Products: Bank Accounts, Demat Accounts, Credit Cards, Loans, PayLater

Download Money On Dream App

7. GroMo

GroMo App is an online financial services app, but it has a unique feature in that it allows people to earn money online.

GroMo App allows you to earn money by providing financial services to others such as Saving Accounts, Demat Accounts, and Insurance Services. Using the Gromo App, anyone can earn up to 50,000.

GroMo assists you in launching and growing your financial products business. With a single app, you can now engage, grow, and manage all of your customers' financial needs.

GroMo Referral Code: ETK73154

Financial Products: Bank Accounts, Demat Accounts, Credit Cards, Loans, PayLater UPI

Download GroMo App

8. OneClickEarn

One Click Earn is a startup of DP DIGITAL INDIA COMPANY provides you with multiple ways to earn extra income from the comfort of your home.

Join One Click Earn App as a partner and earn up to Rs. 1,000,000 per month by referring their top products and services to your customers.

OneClickEarn Whatsapp Customer Support: +917411777907

OneCode Referral Code: OCE07598

Financial Products: Bank Accounts, Demat Accounts, Credit Cards, Loans, PayLater, Recharge and Bill Payment

Download OneClickEarn App

9. VO Advisor

Vo Advisor helps you in starting and managing a financial services business with no investment and working from home. With a single app, you can generate money without investing and provide financial products to your customers.

Vo Advisor gives you a virtual office in the form of a mobile application via which you can earn money by selling an endless number of financial products and services.

VO Advisor Referral Code: 39300126

Financial Products: Bank Accounts, Demat Accounts, Credit Cards, Loans

Download VO Advisor App

10 PBPartners (Policybazaar Partners)

PBPartners is a rapidly developing web-based marketplace for all forms of insurance products in India. Their innovative technology platform provides its partners and clients with rapid quotations from prominent insurance companies, as well as the finest service and technical support.

Policybazaar Partners is a zero-investment program with free website registration. They provide an unlimited earning potential with attractive payouts.

PBPartners Referral Code: IP84460

Financial Products: Insurance

Register on PBPartners

11. Wealthy Partner

Wealthy Partners App is one of the fastest-growing apps designed for insurance advisers, wealth managers, financial advisors, LIC agents, or anybody wishing to make money by selling insurance policies, mutual funds, unlisted stocks, or other financial products.

With Wealthy Partner App, you can start or build your wealth management, finance advice, mutual fund, or insurance business for free and start making money on every financial product sales.

Money On Dream Referral Code: MOD813499

Financial Products: Insurance, Mutual Fund, Fixed Deposits, Debentures

Register on Wealthy Partner

12. TurtlemintPro

TurtlemintPro offers a wide range of insurance products from numerous insurers, as well as customised bundles of Mutual Funds that may be given to your consumers according on their needs/requirements. It gives a personalised dashboard with a MIS of all your leads, commission earned, and other information to help you track your rising insurance business.

On the app, there is a specialised section called the Turtlemint Academy that offers free training and PoSP (Point of Sale Person) certification for both life and general insurance. It includes a range of product-related and sales-related courses for different levels of learners to help you with your growth and learning. You can finish it at your own speed and advance your insurance career.

Financial Products: Insurance, Mutual Funds

Download TurtlemintPro App

What are the Top Financial Products Categories?

• Bank Accounts
• Demat Accounts
• Credit Cards
• Wallets
• Loans
• Insurance
• Credit Builder
• Buy Now Pay Later

How to promote?

You can share products via any medium, including Whatsapp, Telegram, Facebook groups, YouTube, or directly to your target audience.

how to become a successful financial adviser?

To be successful in business, make sure you first go through the training and video tutorials to learn the basics.

You can then advertise any product to your consumers by giving relevant information. This makes it easier for your consumers to understand and helps in generating more leads.

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18+ Best Credit Cards in India for Beginners 2023

Credit cards, without a doubt, provide numerous benefits such as rewards, cashback, lounge access, unique discounts, and more. Most cards with great features have a hefty membership fee and are only available to persons with strong credit. Some cards, on the other hand, are intended for individuals who have just begun their credit adventure.

A good credit card should have a high reward rate and provide complementary benefits such as airport lounge access, golf rounds/lessons, and so on for a low or no membership cost. But that seems like a far-fetched fantasy. Card issuers cannot afford to give such a lucrative credit card, let alone at such a low membership cost. As a result, they instead provide the best credit cards with benefits in many areas, allowing consumers to select a credit card based on their spending patterns.

The greatest first credit card for you will be determined by a number of criteria, including whether you are just starting out with credit or already have some credit history, as well as considerations such as your desire to pay an annual fee and your work position. Your aim, regardless of who you are or how much money you make, should be to obtain the greatest first credit card for your specific requirements and financial situation. You want a card that will assist you in establishing and rewarding excellent credit card habits from the outset.

You can apply for an entry-level credit card if you want a card that provides high value at a reasonable charge. These cards are best suited for beginners who have just begun their professional adventure and want to acquire a solid credit score while still reaping rewards.

Lets look at the List of Some of the Best Credit Cards for Complete Beginners 2023

List of Best Credit Cards in India for Beginners in

1. Best SBI Credit Cards

SBI SimplyCLICK Credit Card

• Joining Fee: Rs. 499 + Applicable Taxes
• Annual Fee: Rs. 499 + Applicable Taxes (Annual fee reversal on spending Rs. 1 lakh in previous year)
• Welcome Benefits: Get an Amazon e-voucher worth Rs. 500 as welcome benefits after paying the annual fees.
• Best Suited For: Get 10X Reward Points on online spends with exclusive partners: Apollo24X7, BookMyShow, Cleartrip, Eazydiner and Netmeds. Get 5X Reward Points on all other online spends
• Reward Type: Reward Points
• Milestone Rewards: e-voucher worth Rs.2,000 on annual online spends of Rs.1 Lakh | e-voucher worth Rs.2,000 on annual online spends of Rs.2 Lakhs
• Lounge Access: NIL

Apply for SBI SimplyCLICK Credit Card

SBI SimplySAVE Credit Card

• Joining Fee: Rs. 499 + Applicable Taxes
• Annual Fee: Rs. 499 + Applicable Taxes (Annual fee reversal on spending Rs. 1 lakh in previous year)
• Welcome Benefits: Earn 2,000 bonus reward points by spending Rs.2,000 or more within the first 60 days of card issuance.
• Best Suited For: Get 10 Reward Points per Rs 150 spent on Dining, Movies, Departmental Stores and Grocery Spends and 1 Reward Point all other spends
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for SBI SimplySAVE Credit Card

CASHBACK SBI Card

• Joining Fee: Rs. 999 + Applicable Taxes
• Annual Fee: Rs. 999 + Applicable Taxes (Annual fee reversal on spending Rs. 2 lakh in previous year)
• Welcome Benefits: Earn 2,000 bonus reward points by spending Rs.2,000 or more within the first 60 days of card issuance.
• Best Suited For: 5% Cashback on online spends and 1% cashback only on offline transactions
• Reward Type: Cashback
• Milestone Rewards: N/A
• Lounge Access: 1 per quarter

Apply for CASHBACK SBI Card

2. Best HDFC Bank Credit Cards

HDFC Millennia Credit Card

• Joining Fee: Rs. 1000 + Applicable Taxes
• Annual Fee: Rs. 1000 + Applicable Taxes (Annual fee reversal on spending Rs. 1 lakh in previous year)
• Welcome Benefits: 1000 CashPoints as a Welcome Benefit.
• Best Suited For: Up to 5% cashback on selected categories and 1% cashback on all spends
• Reward Type: Cashback
• Milestone Rewards: N/A
• Lounge Access: 2 per quarter

Apply for HDFC Millennia Credit Card

HDFC MoneyBack Credit Card

• Joining Fee: Rs. 500 + Applicable Taxes
• Annual Fee: Rs. 500 + Applicable Taxes (Annual fee reversal on spending Rs. 50,000 in previous year)
• Welcome Benefits: 500 Cash Points (applicable only on payment of membership fee)
• Best Suited For: 4 reward points per Rs 150 spent online. 4 reward points for all other spends
• Reward Type: Cashback + Reward Points
• Milestone Rewards: Spend Rs 50,000 in a calendar quarter to get a gift coucher worth Rs 500.
• Lounge Access: N/A

Apply for HDFC MoneyBack Credit Card

3. Best ICICI Bank Credit Cards

Amazon Pay ICICI Bank Credit Card

• Joining Fee: NIL
• Annual Fee: NIL
• Welcome Benefits: Weclome rewards worth Rs. 2200
• Best Suited For: 5% cashback on Amazon Shopping spends. 2% Cahback on Bill payments. 1% cashback on all other spends
• Reward Type: Cashback
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for Amazon Pay ICICI Bank Credit Card

ICICI Bank Platinum Chip Credit Card

• Joining Fee: NIL
• Annual Fee: NIL
• Welcome Benefits: N/A
• Best Suited For: 1 reward point per Rs. 100 spent on utilities and insurance. 2 reward points per Rs. 100 spent on retail purchases (except fuel).
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for ICICI Bank Platinum Chip Credit Card

4. Best Axis Bank Credit Cards

Axis Bank MY Zone Credit Card

• Joining Fee: LTF or Rs. 500 + Applicable Taxes
• Annual Fee: LTF or Rs. 500 + Applicable Taxes (1st Year Rs 500.Waived on spending 5,000 within 45 days)
• Welcome Benefits: Complimentary SonyLiv Premium annual subscription worth Rs. 999
• Best Suited For: 4 EDGE Points for every Rs 200 spent with the card (reward rate of 0.4%). 40% discount on Swiggy up to Rs. 120 per order (minimum order value of Rs. 200 required). Buy One Get One offer on movie ticket bookings via Paytm movies.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: 1 per quarter

Apply for Axis Bank MY Zone Credit Card

Flipkart Axis Bank Credit Card

• Joining Fee: LTF or Rs. 500 + Applicable Taxes
• Annual Fee: LTF or Rs. 500 + Applicable Taxes (Annual fee reversal on spending Rs. 2 lakh in previous year)
• Welcome Benefits: Rs. 500 - 1000 Flipkart Voucher on Joining. Rs. 1100 worth of joining and activation benefits from Flipkart, Swiggy and Myntra
• Best Suited For: 5% cashback on Flipkart and Myntra. 4% cashback on Swiggy, Cleartrip, Cure.fit, PVR, UBER. 1.5% cashback on other categories.
• Reward Type: Cashback
• Milestone Rewards: N/A
• Lounge Access: 1 per quarter

Apply for Flipkart Axis Bank Credit Card

Axis Bank ACE Credit Card

• Joining Fee: LTF or Rs. 499 + Applicable Taxes (Waived on spends of Rs.10000 within 45 days of Card issuance)
• Annual Fee: LTF or Rs. 499 + Applicable Taxes (Annual fee reversal on spending Rs. 2 lakh in previous year)
• Welcome Benefits: Rs. 500 - 1000 Flipkart Voucher on Joining. Rs. 1100 worth of joining and activation benefits from Flipkart, Swiggy and Myntra
• Best Suited For: Get a Cashback of 5% on bill payment on Google Pay. Flat Cashback of 4% on Swiggy and Zomato. Cashback of 2% on all other spendings
• Reward Type: Cashback
• Milestone Rewards: N/A
• Lounge Access: 1 per quarter

Apply for Axis Bank ACE Credit Card

5. Best Kotak Mahindra Bank Credit Cards

Kotak Bank League Platinum Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: Get 5,000 Rewards points worth Rs.500/- on joining
• Best Suited For: Enjoy 8 Reward Points on spends done against every Rs.150/- spent.
• Reward Type: Reward Points
• Milestone Rewards: Spend Rs. 1,25,000 every 6 months and get 4 free PVR tickets or 10000 reward points
• Lounge Access: N/A

Apply for Kotak Bank League Platinum Credit Card

Kotak Mojo Platinum Credit Card

• Joining Fee: Rs. 1,000 (Get Joining Fees waiver for Rs. 30,000 spent in the first 90 days)
• Annual Fee: Rs. 1,000 (Get Annual Fees waiver for Rs. 1,00,000 spent with your Credit card)
• Welcome Benefits: N/A
• Best Suited For: Get 1 Mojo Point on every Rs. 100 you spend. Get 2.5x Mojo Points on online spends and 5x Mojo Points on KayMall spends.
• Reward Type: Reward Points
• Milestone Rewards: Every quarter, customers who spend Rs. 75,000 or more will earn 2500 Bonus Reward Points.
• Lounge Access: 2 complimentary domestic lounge access every quarter.

Apply for Kotak Bank League Platinum Credit Card

6. Best Bank of Baroda Credit Cards

Bank of Baroda Easy Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: N/A
• Best Suited For: 5 Reward Points for every Rs. 100 spent on Departmental stores, Movie spends. 1 reward point for every Rs. 100 spent on other categories. 0.5 reward point for every Rs. 100 spent on Select MCCs.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for Bank of Baroda Easy Credit Card

7. Best AU Bank Credit Card

AU Bank LIT Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: N/A
• Best Suited For: 1 Reward Point for every Rs. 100 spent on retail purchases with the card, 10X or 5X accelerated Reward Points (For Specific Feature), and Additional cashbacks (For Specific Feature).
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: 4 complimentary lounge access per quarter

Apply for AU Bank LIT Credit Card

AU Bank Altura Credit Card

• Joining Fee: Rs. 199 + applicable taxes (Fee waiver for the first year if you spend Rs.10,000 on retail within 90 days.)
• Annual Fee: Rs. 199 + applicable taxes (Fee waiver for the second year and beyond - Rs. 40,000 in retail spending in the preceding card anniversary year)
• Welcome Benefits: 5% cashback on minimum retail purchases of INR 2,500 made during the first 60 days of card activation. (The maximum cashback available every statement cycle is INR 150.)
• Best Suited For: Cashback of 2% on all retail purchases made at grocery shops, department stores, and utility bill payments. All other retail purchases get 1% cashback*.
• Reward Type: Reward Points
• Milestone Rewards: Get an extra INR 50 cashback after spending a minimum of INR 10,000 on retail in each statement cycle.
• Lounge Access: 2 complimentary trips to Indian train lounges each quarter.

Apply for AU Bank LIT Credit Card

8. Best IndusInd Bank Credit Card

IndusInd Legend Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: Eexclusive welcome benefits, including gift vouchers from Oberoi hotels, Luxe, Montblanc, Post Card Hotels, and various shopping brands.
• Best Suited For: 1 Reward Point per Rs. 100 spends on weekdays and 2 Reward Points for every Rs. 100 you spend on weekends. Buy 1 get 1 free (BOGO) with up to 3 complimentary movie tickets every month.
• Reward Type: Reward Points
• Milestone Rewards: 4000 bonus Reward Points under the milestone benefits
• Lounge Access: 2 complimentary domestic lounge access every quarter

Apply for IndusInd Legend Credit Card

9. Best IndusInd Bank Credit Card

IDFC FIRST Millennia Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: 5% cashback on initial EMI expenditure up to Rs. 1000 and extra Rs. 500 welcome gift vouchers on spending Rs. 15,000 within 90 days of card activation
• Best Suited For: 3 Reward Points for every Rs. 150 spent offline, 6 Reward Points for every Rs. 150 spent online, and 10 Reward Points for every Rs. 150 spent beyond Rs. 20,000
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for IDFC FIRST Millennia Credit Card

10. Best HSBC Bank Credit Card

HSBC Visa Platinum Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: Amazon voucher worth Rs. 500, 3 free of charge lounge access/3 meal vouchers, 50% discount (up to Rs.100) on the first Google Pay purchase, and 10% cashback (up to Rs. 2,000).
• Best Suited For: Cardholders will receive 2 Reward Points for every Rs. 150 spend on this credit card. On Saturdays, BookMyShow offers a "Buy 1 Get 1" deal on movie tickets.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for HSBC Visa Platinum Credit Card

11. Best Federal Bank Credit Card

Scapia Federal Bank Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: N/A
• Best Suited For: 10% Scapia coins on every eligible online and offline spend. 20% Scapia coins on travel bookings done on the Scapia App. Zero forex markup on all international transactions.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: Unlimited domestic lounge access on a minimum spend of ₹5k.

Apply for Scapia Federal Bank Credit Card

Get higher rewards & benefits with Lifetime Free, cashback-rich, and rewarding credit cards! Check your eligibility from among more than 100 options.: Apply Now

How do you compare and select the best credit card?

Before applying for a new credit card, you should have a list of criteria in mind. The requirements for each individual may fluctuate according on their needs, income, financial habits, and, most significantly, the purpose for applying for the card.

Welcome Benefits

Many credit cards provide extra benefits to cardholders when they join the card. These additional rewards are referred to as welcome benefits or joining benefits. These welcome benefits might take the shape of Bonus Reward Points/cashback, free of charge membership in loyalty programs and/or subscription-based services, complimentary airplane ticket(s), or anything else.

Reward Type

When applying for a new credit card, this is the first and most apparent item to check for. You must understand if a credit card offers cashback (which is then applied to your card's statement balance) or rewards you with Reward Points. Another consideration in the latter instance is the redemption of Reward Points.

• Reward Points: Reward Points are essentially meant to encourage you to use your credit card more frequently. When you reach a particular number of points, you are offered a prize or certain privileges. These advantages are frequently in the form of products or cash.
• Cashback: At the end of the statement cycle, the cashback earned on cashback-based credit cards is generally immediately adjusted against the card's owing balance. There may be a minimum amount of cashback required before it may be applied to the card's balance outstanding.

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10 Best Lifetime Free Credit Cards in India with Zero Annual Fee 2023

When looking for the best credit card for yourself, the annual fee is an important component to consider. Almost everyone wants a credit card that gives them the most benefits for the least amount of money. Some people even hunt for credit cards that are interest-free for the rest of their lives since they don't want to pay anything for a credit card. Almost all card issuers provide lifetime free credit cards in response to such particular requests.

A lifetime free credit card has no annual or yearly fees. These free credit cards are best suited for beginners or first-time card users who have only recently began their professional adventure or have never used credit before.

Lifetime free cards are also appropriate for individuals who do not wish to pay an annual fee for the card. While the majority of credit cards in this category offer just basic advantages and often modest rewards rates, there are a handful that give exceptional value.

You may now understand what lifetime free credit cards are. A life time free credit card, as the name implies, is one that has no annual fees, i.e. there are no annual charges on these cards. Many people begin their credit journey with a free credit card since they appear to be the most cost-effective and risk-free to them.

To assist you in selecting the best card for you, we have compiled a list of some of the best lifetime free credit cards in India. You can assess several free credit cards online and then choose the one that appears to be the greatest fit for you and your needs.

List of Best Lifetime Free-No Annual Fee Credit Cards in India in

1. Scapia Federal Bank Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: N/A
• Best Suited For: 10% Scapia coins on every eligible online and offline spend. 20% Scapia coins on travel bookings done on the Scapia App. Zero forex markup on all international transactions.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: Unlimited domestic lounge access on a minimum spend of ₹5k.

Apply for Scapia Federal Bank Credit Card

2. Axis Bank MY Zone Credit Card

• Joining Fee: LTF or Rs. 500 + Applicable Taxes
• Annual Fee: LTF or Rs. 500 + Applicable Taxes (1st Year Rs 500. Waived on spending 5,000 within 45 days)
• Welcome Benefits: Complimentary SonyLiv Premium annual subscription worth Rs. 999
• Best Suited For: 4 EDGE Points for every Rs 200 spent with the card (reward rate of 0.4%). 40% discount on Swiggy up to Rs. 120 per order (minimum order value of Rs. 200 required). Buy One Get One offer on movie ticket bookings via Paytm movies.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: 1 per quarter

Apply for Axis Bank MY Zone Credit Card

3. Amazon Pay ICICI Bank Credit Card

• Joining Fee: NIL
• Annual Fee: NIL
• Welcome Benefits: Weclome rewards worth Rs. 2200
• Best Suited For: 5% cashback on Amazon Shopping spends. 2% Cahback on Bill payments. 1% cashback on all other spends
• Reward Type: Cashback
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for Amazon Pay ICICI Bank Credit Card

4. Bank of Baroda Easy Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: N/A
• Best Suited For: 5 Reward Points for every Rs. 100 spent on Departmental stores, Movie spends. 1 reward point for every Rs. 100 spent on other categories. 0.5 reward point for every Rs. 100 spent on Select MCCs.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for Bank of Baroda Easy Credit Card

5. ICICI Bank Platinum Chip Credit Card

• Joining Fee: NIL
• Annual Fee: NIL
• Welcome Benefits: N/A
• Best Suited For: 1 reward point per Rs. 100 spent on utilities and insurance. 2 reward points per Rs. 100 spent on retail purchases (except fuel).
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for ICICI Bank Platinum Chip Credit Card

6. Kotak Bank League Platinum Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: Get 5,000 Rewards points worth Rs.500/- on joining
• Best Suited For: Enjoy 8 Reward Points on spends done against every Rs.150/- spent.
• Reward Type: Reward Points
• Milestone Rewards: Spend Rs. 1,25,000 every 6 months and get 4 free PVR tickets or 10000 reward points
• Lounge Access: N/A

Apply for Kotak Bank League Platinum Credit Card

7. AU Bank LIT Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: N/A
• Best Suited For: 1 Reward Point for every Rs. 100 spent on retail purchases with the card, 10X or 5X accelerated Reward Points (For Specific Feature), and Additional cashbacks (For Specific Feature).
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: 4 complimentary lounge access per quarter

Apply for AU Bank LIT Credit Card

8. IDFC FIRST Millennia Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: 5% cashback on initial EMI expenditure up to Rs. 1000 and extra Rs. 500 welcome gift vouchers on spending Rs. 15,000 within 90 days of card activation
• Best Suited For: 3 Reward Points for every Rs. 150 spent offline, 6 Reward Points for every Rs. 150 spent online, and 10 Reward Points for every Rs. 150 spent beyond Rs. 20,000
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for IDFC FIRST Millennia Credit Card

9. HSBC Visa Platinum Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: Amazon voucher worth Rs. 500, 3 free of charge lounge access/3 meal vouchers, 50% discount (up to Rs.100) on the first Google Pay purchase, and 10% cashback (up to Rs. 2,000).
• Best Suited For: Cardholders will receive 2 Reward Points for every Rs. 150 spend on this credit card. On Saturdays, BookMyShow offers a "Buy 1 Get 1" deal on movie tickets.
• Reward Type: Reward Points
• Milestone Rewards: N/A
• Lounge Access: N/A

Apply for HSBC Visa Platinum Credit Card

10. IndusInd Legend Credit Card

• Joining Fee: LTF
• Annual Fee: LTF
• Welcome Benefits: Eexclusive welcome benefits, including gift vouchers from Oberoi hotels, Luxe, Montblanc, Post Card Hotels, and various shopping brands.
• Best Suited For: 1 Reward Point per Rs. 100 spends on weekdays and 2 Reward Points for every Rs. 100 you spend on weekends. Buy 1 get 1 free (BOGO) with up to 3 complimentary movie tickets every month.
• Reward Type: Reward Points
• Milestone Rewards: 4000 bonus Reward Points under the milestone benefits
• Lounge Access: 2 complimentary domestic lounge access every quarter

Apply for IndusInd Legend Credit Card

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5 Best Invoice Discounting Platforms in India for Investment with 12% Plus Returns

In recent years, invoice discounting or bill discounting has become a popular short-term alternate investment option for retail investors. It is a viable funding option for expanding enterprises. By invoice discounting, they can get money in advance on unpaid bills.

The minimum investment is determined by the company that promotes their offer on multiple platforms. That might range from 50,000 to 3 lacs or more. The predicted interest rate is from 11 to 13 percent.

What Is Invoice Discounting?

An invoice discounting facility is a financing organisation that makes an early payment to a business against a trade invoice in exchange for a minor charge. This is common practise since enterprises in both domestic and foreign business-to-business commerce often have a credit cycle of 30, 60, or 90 days.

This service is provided by a number of prominent platforms available on mobile app and website. The best 5 apps offering the best invoice discounting service in India are listed below.

Best Invoice Discounting Platforms in India for Retail Investors |

1. Leaf Round

Leaf Round is an Indian investment platform that allows users to participate in Alternative investment with ease. Alternative assets are anything other than stock, cash, and income.

Leaf Round makes it simple to invest in these alternative assets. Leaf Round can handle it all for you if you are unsure about the large investment sum or potential risks connected with these ventures.

You can find investment alternatives under the deal area, where you can select investment plans such as asset leasing, invoice discounting, and a variety of others.

Minimum Investment: 50,000

Expected Net IRR: 11% - 13%

Minimum tenure: 60 Days

Leaf Round Referral Code: S32Y1WN

Invest in Leaf Round

2. TradeCred

TradeCred is a platform where you can invest in invoice discounting and earn a consistent return of 11-13% over a short period of time with minor risks such as loan default and late payment of returns, but it is typically safe.

It is one of the finest options for someone searching for a short-term investment with a better return than FD but lower risk than stocks, with a minimum commitment of Rs. 50,000 and a straightforward process.

Minimum Investment: 50,000

Expected Net IRR: 10% - 13%

Minimum tenure: 75 Days

Invest in TradeCred

3. kredx

KredX is an alternative investment model in which you may begin investing with a minimum of 3 Lacs for a short period of time and anticipate a set return at the conclusion of the investment period, which can range from 30 to 90 days. Annual returns range from 12% to 20%. (as per their marketing material).

KredX describes itself as a provider of supply chain finance solutions. It offers finance and cash flow management to corporations and small enterprises, including Buy Now Pay Later (BNPL Service) for B2B payments, invoice discounting, import-export financing, and so on.

Invest in kredx

Minimum Investment: 2,00,000

Expected Net IRR: 11% - 15%

Minimum tenure: 60 Days

4. jiraaf

Jiraaf is a fintech platform that provides retail customers with alternative investment solutions. It provides higher yields than fixed deposits. Jiraaf offered new fixed-income products to Indians, such as covered bonds, leases, and invoice discounting. In the case of invoice discounting, gross returns might range from 10% to 15%. Your post-tax returns will be determined by your tax bracket.

Minimum Investment: 50,000

Expected Net IRR: 11% - 18%

Minimum tenure: 60 Days

Invest in jiraaf

5. Clear

Clear Finance is Clear's new financial services product. Clear Invoice Discounting is their first financial services offering, and it allows suppliers to get paid on their invoices sooner rather than later, rather than waiting out extended credit terms. It enables several options for enterprises (or buyer organisations) to simply fund these early payment requests at a mutually agreed-upon discount, producing a win-win situation for both parties involved.

Invest in Clear

How Invoice Discounting Works?

Assuming Royal Boxes Pvt. Ltd., a packaging materials company, provides Cardboard boxes to Samsung for packing Refrigerators. They delivered boxes to Samsung on May 1, 2021, and Royal Boxes sent an invoice for 100,000 INR to Samsung, which is due in 90 days, on July 30, 2021. Nonetheless, Royal Boxes requires fast payment while offering a reduction on their invoice amount. They will now exchange this invoice for 95000 INR with individual purchasers. You've probably figured out that this is a win-win situation for both Royal Boxes and Individual Buyers on TradeCred. Since Sarda boxes received the monies immediately rather than after 90 days. And, when the invoice is fulfilled, an individual buyer made 5000 INR profit on his/her investment of 95000 for three months.

Pros of Invoice Discounting

• Short term investment minium 30 days
• Higher annual returns up to 18%
• Better returns cmpare to other investments like FD, MF, Other Government schemes
• Low Lock-in period
• Increases cash flow
• There is no need for collateral assets
• Applicable to both large and small enterprises
• Finance solution that is flexible
• Protection against bad debts

Cons of Invoice Discounting

• Invetment starts from Rs. 50,000
• Short period of investements
• Minimum investments amount are high

Is invoice discounting safe?

Yes, if a reputable service provider uses it, it is secure for investors and purchasers. Despite this, there is still the possibility of a payment default, which may impose repayment repercussions on the firm or the lender.

How much profit can you expect from invoice discounting in India?

The return on invoice discounting in India might vary based on a variety of factors, including the size of the invoice, the customer's creditworthiness, and the conditions of the agreement with the invoice discounting provider.

In India, invoice discounting typically provides annual returns ranging from 12% to 18%, however this might vary based on the unique conditions. The precise return will also be determined by factors such as the invoice discounting provider's fees, the length of the arrangement, and any other charges involved with the transaction.

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