invest with deciml app

ABOUT THE APP

Deciml invests your spare change, every time you spend through an online platform or payment gateway.

You can choose to round up your online transactions to the nearest 10 or a multiple of 10.

You can set up Deciml and start investing in 2 simple steps:

Step 1: Account set-up 

– Verify PAN and/or Aadhar

– Enter your DOB 

– And that’s it! 

Step 2: Start auto-invest 

– Enter your UPI ID
– Accept the autopay request received on said UPI app

– And that’s it! 

Your activation is complete and your automatic investments will start in 48 hours!

With Deciml Daily Deposits, you can invest a small (or large) amount of your choice, every day automatically! 

To set up Daily Deposit, simply tap on the ‘Invest More’ button on your dashboard and edit Daily Deposit. You can set it to as low as ₹10, and as high as ₹500.

P.S.: the ‘Invest More’ button only appears after you’ve completed activation!

There are 3 ways you can invest more with Deciml:

  1. Round-up
    By default, you are rounding up to ₹10 on Deciml. To increase this limit, just tap on the ‘Invest More’ button on your main dashboard and edit this value. 

Not sure how this works? There’s an interactive round-up calculator to help with that 🙂 

  1. Daily Deposit

With Deciml Daily Deposit, you can invest an amount of your choice – everyday, automatically. 

To set this up, simply tap on the ‘Invest More’ button on the dashboard and edit Daily Deposit. You can set it to as low as ₹10, and as high as ₹500.

  1. Lump-sum 

Stumbled upon some extra money? Invest it before you spend it!  

You can make a one-time lump-sum investment of as little as ₹100 (and as large as you want) on Deciml, any time you want.

The Deciml Rewards Counter (it’s a fun ticker that comes after you’ve entered your full name during onboarding) fetches and rounds up your last 10 online transactions – and that total spare change amount becomes your reward amount

To claim your reward, just complete your simple 2 -step-activation and the amount will be credited to your linked account within 24 hours. To claim your reward, just complete your simple 2-step activation, tap on the ‘Claim reward’ card that will then appear on your dashboard and that’s it! Your reward amount will be credited to your linked account within 24 hours.

  1. You can play around with that big dial on your main app screen! 


    If you’ve completed activation and started investing: 


    The amount you see inside the dial is your investment on Deciml so far. Just drag the dot on the dial to see how much that investment can grow up to 10 years,if you continue investing at the same rate.


    If you’re yet to complete activation (we really think you should):


    The amount you see inside the dial is your to-be-claimed reward on Deciml. Drag the dot to see how much this amount can grow up to 10 years at current investment rate.

Absolutely! 

 

If you’ve completed activation: 

 

Just tap on the ‘Invest More’ button on your dashboard → tap on ‘Lump-sum’ → select or enter the amount you wish to invest (min. investment amount: ₹100).

 

If you’re yet to complete activation (why haven’t you?!):

 

Just tap on the arrow in the top right corner of your main app screen → tap on ‘Invest’ → tap on ‘Lump-sum’ → select or enter the amount you wish to invest

Deciml is an investment app, and not a payment gateway. 

 

You can continue using your preferred payment apps and gateways, and Deciml will automatically round-up and invest your digital spare change!

You can choose from the following to invest and grow your money in:

 

  1. Lendbox

 

Lendbox is a secure platform where your invested money is diversified across verified creditworthy borrowers. 

Investing in Lendbox can earn you up to 10% returns, which is 3 times better than parking your money in your savings account.

 

  1. Mutual Funds (Launching soon!)

You make an online spend → you receive a transaction SMS → Deciml instantly picks up this exact spent amount → automatically rounds up the amount to the nearest 10 → the spare change gets invested in a fund of your choice! 

 

Example: Say you ordered groceries online → paid ₹430 for it via your UPI app → received a ₹430 spend confirmation SMS from your bank → Deciml picks up this spent amount → we automatically round up to the nearest 10, which is 440 in this case → the spare change amount of ₹10 gets invested!

 

You keep spending like you would, Deciml takes care of everything investing 🙂

You can pause your Deciml account any time you want (although we recommend you don’t, and instead keep investing consistently!)

If you still wish to pause, tap on the menu icon in the top right corner of your Deciml dashboard → tap on ‘Settings’ → tap on ‘Pause Account’.

Please note that any in-progress investments will still be completed, even if you pause your account.

invest with deciml

ACCOUNT SETUP

You can set up Deciml and start investing in 2 simple steps:

Step 1: Account set-up 

– Verify PAN

– Enter your DOB 

– And that’s it! 

Step 2: Start auto-invest 

– Enter your UPI ID
– Accept the autopay request received on said UPI app

– And that’s it! 

Your activation is complete and your automatic investments will begin in 48 hours!

Entering and verifying PAN and/or Aadhar ensures that your information is always secure and that your money is accessible to you and only you.

 

This process is also known as KYC (Know Your Customer) and has been mandated by SEBI to ensure the Indian investor’s security.

Deciml requests view-only SMS permission to be able to automatically pick up the exact transaction amount and round it up. 

 

Only transaction SMS are viewed by Deciml, and no other text message is read.

Please contact us directly to know if and how you can change your registered phone number.

deciml app investing

AUTOPAY

Autopay is what helps you to auto-invest!

Imagine if we asked you to calculate, round up and tell us how much to invest on your behalf every single time you did an online transaction – investing wouldn’t be quite as automatic and easy, right? That’s why – autopay!

You can start auto-invest by simply entering your UPI ID and accepting the autopay request received on your UPI app.

Enter your UPI ID → Open the linked UPI app → approve the autopay request from Deciml → and that’s it! 

Autopay is set up, and your automatic investments will begin in 48 hours!

P.S.: we recommend using your PhonePe or Paytm IDs for a more seamless autopay setup, but any will do 🙂

Yep. If you wish to change your autopay UPI ID on Deciml, or your autopay account (aka the bank account that is linked to Deciml for your automatic investments); here’s what to do:

  1. Tap on the menu icon in the top right corner on your main screen.
  2. Open ‘Settings’ → Tap on ‘Change autopay account’ → Tap on ‘Go ahead’
  3. Note that tapping on ‘Go ahead’ will cancel your current autopay with Deciml, and your automatic investments will stop at once.
  4. But not to worry! You’ll be redirected to the autopay setup screen immediately so that you can start auto-investing with your desired account/UPI ID 🙂

Just tap on that button to set autopay again, with your desired account/UPI ID 🙂

Changing your linked bank account requires you to follow the same steps as changing your linked UPI ID. Just refer to the steps detailed in the above answer.

 

Please feel free to contact us directly if you need further assistance.

₹1,500 on your autopay means that your daily auto-investments (roundups + daily deposits) with Deciml can be anything from ₹1 up to ₹1,500.

 

So it’s just an investment range. It is not a debit, fee or a payment. Absolutely no money will be deducted from your account at this step.

 

Oh, and why up to ₹1,500? Well, because, users are investing as little as ₹1 and as high as ₹1,450 in a day with Deciml!

If your UPI provider is @okicici or @okhdfc – worry not, you can still set up autopay!

Just need to make one tiny tweak:

 

  1. Open your GooglePay app, and open your profile 
  2. Tap on the bank symbol (or where it says ‘Bank Account’ there) 
  3. Tap on the bank account with which you want to set up autopay
  4. Tap on ‘Manage UPI IDs’, tap on the ‘+’ symbol next to @okaxis 
  5. Come back to Deciml and choose @okaxis from the dropdown on your autopay setup screen

 

Adding @okaxis as a UPI provider is just like adding a new virtual address for your bank account. This does not change your linked bank account in any way.

deciml_app

INVESTMENTS & RETURNS

You can choose from the following to invest and grow your money in:

 

  1. Lendbox

 

Lendbox is a secure platform where your invested money is diversified across verified creditworthy borrowers. 

Investing in Lendbox can earn you up to 10% returns, which is 3 times better than parking your money in your savings account.

 

  1. Mutual Funds (Launching soon!)

For Mutual Funds:

Returns are subject to market risk and are updated every business day.


For Lendbox:
Returns are calculated on a 10% per year basis.

It takes 2 business days for your spare change to be debited and invested successfully. Here’s what the different status mean: 

 

Due on xx date: Your to-be-invested spare change is scheduled to be debited from your linked account on the mentioned date.

 

In-progress: Your spare change is in the process of being invested.

 

Invested: Your spare change has been invested successfully.

 

Investment unsuccessful: An error has occurred either at the bank’s or fund’s end due to which the investment was unsuccessful. Any debited money will immediately be credited to your account.

 

You can check the status of your investments under the ‘Transactions’ tab on your main app dashboard.

NAV = Net Asset Value. Aka the price of every Mutual Fund unit.

There are tax implications only upon withdrawal, but they are subject to your annual income.

Since this varies for each individual, we recommend that you consult your CA for an accurate calculation of your tax implication.

TRANSACTIONS

All of your online transactions get round-up invested with Deciml. This includes expenses made via:

 

  • Debit Cards
  • Credit Cards
  • UPI Apps 
  • Digital Wallets
  • Netbanking transactions 
  • And also, ATM withdrawals

There are 2 parts to round-up investment: 

 

  1. The rounding up
    Every online transaction of yours gets rounded up by Deciml – no matter which bank account of yours you’re spending from. If you receive a transaction confirmation SMS, rest assured – Deciml will round up that amount.

 

  1. The investment

The actual debit and investment of the spare change amounts will only happen from the back account with which you have set up your UPI autopay.

WITHDRAWAL

You can withdraw your money any time you want, without charge!

No lock-in period, no withdrawal charges. Your money is available for you to withdraw any time you want, without charge.

Yes, you have to withdraw a minimum of ₹10. 

It takes 2-3 business days for the withdrawn amount to reflect in your linked bank account. 

For the benefit of your security, we only allow withdrawal to the linked bank account.

REFERRALS & REWARDS

If you’ve completed activation:

Tap on the menu icon in the top right corner on your Deciml dashboard → tap on Share With Friends → and well, share 🙂 

For every referred friend who completes activation and becomes a Deciml user – you earn ₹50! 

If you’re yet to complete activation: 

Go ahead and complete it, and then follow the steps above!

For you to be able to claim your referral reward, the friend you have referred Deciml to has to complete activation and become a Deciml user. 

Once this is done, a ‘Claim referral reward’ card will appear on the referral screen on your Deciml app. Just tap on this and your reward will be credited to your linked account within 24 hours.

If you’ve completed activation: a ‘Claim Reward’ card will have appeared on your Deciml dashboard. Just tap on it, and your reward amount will be credited to your linked bank account within 48 hours. 

 

If you don’t see the card – you’re probably yet to complete activation 🙂 

 

In case you have completed activation, and still don’t see the card OR have tapped on the card but not received the amount even after 48 hours – please get in touch with us at support@decimlindia.com

PRIVACY & SECURITY

The only data we collect is as mandated by SEBI and/or AMFI for the benefit of your security. It is shared only with the investment fund house, to ensure that all investments you make are allocated to your name and your money remains yours and only yours. 

We do not disclose your data to any other third party.

Your money and data are protected with 256-bit bank-grade data encryption technology. This is the encryption technology deployed by most financial institutions and guarantees complete data security – you can bank on that 🙂 

Furthermore, we are a SEBI regulated entity. Therefore, the only data we collect is as mandated by these bodies, and is not disclosed anywhere else. 

(Our ARN: ARN – 176587)

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