Generate Side Income by Investing Just ₹10 with Navi App
In today’s post, we will explore how you can generate additional income by investing a mere ₹10. If you’re interested in creating a side income stream with a minimal investment, this article will prove to be very valuable. I will show you how to generate income with just ₹10 through Navi app’s latest feature.
Investing ₹10 to Make Money
You may often spend ₹10 on various small expenses, but did you know that you can utilize this amount to generate a small side income? Recently, the Navi app, one of the best loan apps, introduced a new feature that allows you to make money with just a ₹10 investment. This feature is truly beneficial, and I highly recommend you take advantage of it. Let’s go through the step-by-step process of how you can invest ₹10 and start earning.
The Scheme for Making Money with ₹10 Investment
The scheme for investing ₹10 involves putting your money into a mutual fund. Previously, investing in mutual funds required higher sums like ₹500 or ₹1000, but Navi app has reduced the minimum investment to just ₹10 for the convenience of all users.
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If you plan to invest for an extended period, mutual funds can be an excellent option. By investing today, you can expect substantial returns in the future. Mutual funds usually have a lock-in period of 3 years, during which you can earn significant returns.
Benefits of Tax Deduction
If you invest in mutual funds and your total investment is up to ₹1.50 lakhs, you can enjoy tax deduction benefits.
How to Invest ₹10 with Navi App
Follow the simple steps below to start investing with just ₹10:
Step 1: Download the App First, download the Navi app from the Google Play Store or use the link provided below.
Step 2: Registration with Phone Number Register with your mobile number.
Step 3: Fill in All the Details Provide your Aadhar card number, PAN card number, and bank account details.
Step 4: Fill Personal Details Enter your email ID, marital status, date of birth, and other personal information.
Step 5: Fill Employment Details Add your occupation details, source of income, and income details.
Step 6: Add Bank Account Fill in your bank details, including the bank name, IFSC code, and account number.
Step 7: Select Type of Investment Choose the SIP option and select the amount you want to invest. Also, determine the duration of your investment.
After completing the steps, you might need to wait for a little while for the process to complete. However, once the process is done, you will have successfully invested just ₹10, and you can now start earning.
For a more detailed explanation of the process, you can refer to the video provided below.
With Navi app’s innovative feature, investing ₹10 can open the doors to a potential side income stream. Don’t miss out on this excellent opportunity and begin your journey towards financial growth today!
Frequently Asked Questions (FAQs) about Navi App
1. What is Navi app?
Navi app is a mobile application that offers various financial services, including loans, investments, and other financial products. It aims to provide users with easy access to financial tools and services, making financial management more convenient.
2. How can I download the Navi app?
You can download the Navi app from the Google Play Store or the Apple App Store, depending on your device’s operating system. Search for “Navi app” in the respective app store and click on the “Download” or “Install” button to get the app on your phone.
3. Is the Navi app safe to use?
Yes, the Navi app is designed with security measures to protect users’ personal and financial information. The app uses encryption protocols and secure servers to ensure the safety of your data. However, it’s always essential to be cautious and avoid sharing sensitive information with unknown parties.
4. What services does the Navi app provide?
The Navi app offers a range of financial services, including personal loans, mutual fund investments, and insurance products. Users can invest in mutual funds with as little as ₹10, making it accessible to a broader audience.
5. How can I invest ₹10 with the Navi app?
To invest ₹10 with the Navi app, you need to download and register on the app. Once registered, you can select the “SIP” (Systematic Investment Plan) option and choose the amount you want to invest. Confirm your investment, and the app will handle the rest.
6. Are there any tax benefits associated with Navi app investments?
Yes, there are tax benefits associated with investing in mutual funds through the Navi app. If your total investment in mutual funds is up to ₹1.50 lakhs, you can avail tax deductions under certain sections of the Income Tax Act.
7. Can I access my investment details through the Navi app?
Absolutely! The Navi app provides a user-friendly interface where you can track and manage your investments. You can view your investment details, returns, and other relevant information right from the app.
8. Is there a lock-in period for mutual fund investments with the Navi app?
Yes, mutual fund investments made through the Navi app usually have a lock-in period of 3 years. During this period, the invested amount cannot be withdrawn.
9. How can I contact Navi customer support?
You can reach out to Navi customer support through various channels, such as email, phone, or the in-app chat feature. The app will have dedicated support sections where you can find the contact details and get assistance with your queries.
10. Is the Navi app available in multiple languages?
As of now, the Navi app may support multiple languages, including English and regional languages, to cater to a broader user base. Check the app settings to see the available language options.
Please note that the FAQs provided here are for general reference, and specific queries or concerns should be directed to the official Navi app support team for accurate and up-to-date information.
