New kid on the block
Very user friendly interface. Great way for someone to start saving. Simple easy steps. Targets/goals based on individual situation. A great place to start saving. Easy plan.👍🏻👍🏻
Archived App
This is an archived listing of the app previously available on the App Store.Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.
Details
About
This app helps you achieve your financial goals by setting savings targets and reminding you to save regularly. It invests your savings in a low-risk liquid mutual fund that offers higher returns than a traditional bank account. You can withdraw your money instantly or within a few business days with no fees.
✓Goal identification
✓Customizable savings targets
✓Automated savings reminders
✓Low-risk mutual fund investment
✓Instant and flexible withdrawals
✓No fees or penalties
Show original description
What's New in EasyPlan
2.1.0
December 8, 2020
Introducing the ICICI Prudential Savings Fund. Higher returns than the liquid fund, start with just 100 Rs.
User reviews
FAQ
What are the main financial goals EasyPlan helps with?
EasyPlan helps users identify and save for common financial goals such as a bike, home, or emergency fund. Users can set specific savings targets for each identified goal.
How does EasyPlan invest my savings?
When you sign up, EasyPlan opens a liquid mutual fund account for you with ICICI Prudential. These funds are low-risk and typically grow 7-8% per year, offering higher returns than a regular bank account.
Is my money safe with EasyPlan?
Yes, EasyPlan prioritizes safety. The liquid mutual fund account is linked to your personal bank account, and withdrawals can only be made back to your linked account. Historically, the ICICI Prudential fund has not lost money for investors holding for at least one week.
How quickly can I access my withdrawn money?
You can withdraw up to Rs. 50,000 or 90% of your total investment instantly. The remaining balance is credited to your bank account within 1-2 business days, with no fees or penalties.
What happens if I miss a savings payment with EasyPlan?
EasyPlan is flexible and does not charge any fees or penalties for missed weekly or monthly savings. You can save a smaller amount or skip savings entirely if you cannot meet your target.
Is EasyPlan free to use?
Yes, EasyPlan is completely free for users. The app earns a small commission from ICICI Prudential for facilitating savings, which helps them operate and provide the service.
On which devices can I use EasyPlan?
EasyPlan is available on iPhone, iPad, and iPod. The app is designed for iOS users looking to manage their finances on Apple devices.
How often is EasyPlan updated?
The latest version of EasyPlan is 2.1.0, last updated on December 8, 2020. This indicates a history of updates, though the frequency may vary.
