# Multipl: Liquid Funds. UPI. — Spending Money Earns up to 7%* > Spending account that invests money in mutual funds for potential returns until spent. (iPhone/iPad app by Multipl Wealth Management Private Limited.) - Source: https://appshunter.io/ios/app/multipl-liquid-funds-upi/id1518208782 (this page in markdown: same URL + `.md`) - Developer: [Multipl Wealth Management Private Limited](https://appshunter.io/developer/1518208781) - Category: Finance, Lifestyle - Price: Free - Rating: 3.80/5 from 5 App Store ratings · 53 written reviews indexed - Age rating: 4+ - Requires: iOS 15.0 · 174 MB - Languages: American English - Released: 2020-12-14 - Data updated: 2026-11-11 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/multipl-liquid-funds-upi/id1518208782/reviews.md ## What is Multipl? Multipl is India's Smarter UPI — a spending account you pay with that grows your money until you spend it. Every payment earns. Every payment learns. Your everyday spending money doesn't have to sit idle in a savings account. With a multipl Spending Account, your eligible balance is invested in liquid mutual funds  earning up to 7%* while it waits — and stays ready for you to pay through UPI whenever you need to. WHAT IS A SPENDING ACCOUNT? Parking your spending money in liquid mutual fund — not a traditional savings account, bank account or current account. In simple terms: your spending money can work while it waits. HOW IT WORKS A share of your salary is meant for everyday spending — rent, bills, groceries. That money usually sits in a savings account earning very little. With a multipl Spending Account, that same spending money is instead invested in liquid mutual funds, which earns up to 7%* — while remaining ready for you to pay through multipl UPI or handle bill payments whenever you need to. 1. Add money to your Spending account 2. It's invested in AMFI-registered liquid funds and earns daily 3. Pay by UPI whenever you want — your balance earns until you spend 4. Withdraw to your bank anytime, instantly Why Investment UPI beats a regular savings account - Earn up to ~7%* p.a. vs. ~2.5% in a typical savings account - Pay anywhere UPI is accepted — QR codes, merchants, bills, friends - CashFWD UPI: your money keeps earning right up to the second you spend - Instant withdrawals to your bank — zero lock-in, zero penalties - 2–20% member discounts at 100+ top Indian brands Your money, in mutual funds Your money is invested directly in SEBI-regulated mutual funds, with top-rated fund houses like Axis Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund and UTI Mutual Fund. Withdraw 24/7. Spend via UPI Use your Spending Account for everyday UPI payments. Spend on bill payments / BBPS Use your Spending Account to pay DTH bills, credit card bills, mobile recharges and more. Spend on brand gift cards Use your Spending Account balance on gift cards from Swiggy, Zomato, Amazon, Myntra, Uber, MakeMyTrip and 100+ other brands — and unlock exclusive member discounts on top of your returns. Regulated and secure — not a startup wallet Your money sits in regulated liquid mutual funds managed by ICICI Prudential, Axis Mutual Fund and more. Multipl is AMFI-registered and SEBI-regulated (Reg. No. INA200014681). Your investments are secure, transparent and commission-free. Trusted by India - 10 lakh+ (1M+) active users earning daily - ₹110 Cr+ assets under management Complete flexibility No lock-in period. Instant withdrawals. Pay by UPI anytime. Your money, your control. Download Multipl and switch to Investment UPI — the spending account that grows your wealth while you spend. ARN No: 319633 Support: support@multipl.xyz Website: multipl.in Multipl is a AMFI registered Mutual Fund Distributor (ARN No. 319633).*Based on historical returns of Liquid Fund category. Warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Disclaimer: Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. ## Key features - Invests spending money in liquid mutual funds - Earns up to 7% p.a. on balance - Pay via UPI anywhere - Instant withdrawals - Member discounts on gift cards - Bill payments ## Is Multipl safe? Not enough ratings yet to assess Multipl. ## Is Multipl legit? Multipl: Liquid Funds. UPI. appears legitimate, with a few gaps. The AppsHunter Legitimacy Score for Multipl is 78 out of 100 points across 7 verification signals from App Store and developer data. ## Recent user reviews (10 of 53) All indexed reviews: https://appshunter.io/ios/app/multipl-liquid-funds-upi/id1518208782/reviews.md ### 4/5 — Network crash *2026-08-27, version v1.16.232* When ever I’m trying open payment page or Brand voucher page the mobile network is getting crashed completely for my IOS. ### 2/5 — Too many system maintenance *2026-08-24* During day time there are a lot of system maintenance, whenever I need to make transaction the app is under maintenance. Also, when I click on support call headphone button it is not clickable one of my referral friends payments is shown as in process since last 10 days and showing failed in the home screen and the payment has been debited from my friends account Marketing for your app and connecting to customer care is a pain **Developer response:** Hey Aditi, we are sorry to hear about the repeated maintenance windows disrupting your transactions and the unresponsive support button making it even harder to get help. Please write to support@multipl.xyz with your friend's payment details and we will investigate and work toward a resolution as quickly as possible. ### 1/5 — Frustrating-Crashes every time of paying for the gift voucher *2026-08-12, version v1.16.225* It has become highly frustrating to use this broken app. Everyone I try to purchase a gift voucher of available brand, the process fails at the UPI payment page. It just won’t let me buy the voucher. Frustrated to max now! Even logged a ticket but the support agent says, there is no way he can fix, try another transaction. I did try again, same issue. ### 5/5 — Nice concept *2026-07-14, version v.1.16.224* Wow, just got to know about the app from my friend. Have added 5k amount to spending account. Brands discounts are exciting. Looking forward for nice savings and deals. ### 1/5 — Money debited but transaction failed - no support received *2026-06-30* Extremely poor service, I deposit 25,000 using UPI and the money was successful debited from my account however, the app shows the transaction failed. Under AMC. Processing. Has been one week now I haven’t received any contact from the support team. The support team has not respond to the complaint there is no phone number to contact them only email address and they don’t have a X account so that we can publicly ask them for this kind of experience. They only have an Instagram account that also not legit Looks like this is a fraud company somehow got the license. I’m gonna do a police complaint now. **Developer response:** Hey Leo, we are deeply concerned to hear about your experience with the failed transaction and the lack of response from our team. We completely understand how distressing it must be to have 25,000 debited with no resolution for over a week. We want to make this right for you. Please write to support@multipl.xyz with your transaction details and we will investigate this immediately. Most amounts settle quickly per the fund process, and if yours has crossed the expected window, our team will prioritize looking into it for you. ### 1/5 — Terrible app, stuck in a loop *2026-06-29* It feels like nobody has ever actually tested this app. My payment failed once and now I keep getting a cryptic “Parent goal already exists for this account” message when I try to change the amount I want to invest. You get a popup each time you try to back out of a screen. Parts of the app look like an entirely different app. They ask you what vouchers you want and then don’t actually seem to do anything with that information, and don’t let you access them either. Overall really terrible experience. **Developer response:** Hi Gyan, we take these issues seriously — a failed payment triggering a loop and inconsistent UI are being escalated to our tech team. Please write to support@multipl.xyz with your registered details and we will personally investigate and resolve this. ### 5/5 — A Better Alternative to Your Savings Account. *2026-04-09* A great app for efficient cash management and a smart alternative to a traditional savings account. One of its biggest advantages is liquidity—you can withdraw your money anytime, as liquid funds typically have no exit load. Additionally, it offers excellent discounts on platforms like Swiggy, Zomato, Blinkit, and other everyday expenses, making it both practical and rewarding for daily use. **Developer response:** Hey Softy, appreciate you taking the time to share such a thorough perspective! Liquid mutual funds offer a liquidity advantage, making them a smart alternative to savings accounts with the freedom to withdraw funds anytime. We are glad the experience has been both practical and rewarding for you. ### 5/5 — User friendly and secured returns *2026-04-09, version v.1.16.200* Multipl helped me to earn extra returns which i was losing on my money in savings account. App is user friendly and very easy to use. It also helps me to plan my spendings. I am a happy user. Highly recommended. ### 5/5 — Amazing app *2026-04-07, version v.1.16.200* This is a very unique app which rewards people for investing and thus a lot of young people might start investing. It is also user friendly ### 5/5 — Great way to save while spending smartly *2026-04-01* I’ve been using Multipl for a while now, and it’s honestly a refreshing concept compared to regular finance apps. The idea of “spendvesting” — where your money grows while you plan your expenses — actually works really well. The app is very easy to use, and setting goals for things like travel, shopping, or gadgets makes saving feel purposeful. I like that the money is invested in liquid mutual funds, so it keeps earning returns while still being accessible when needed. **Developer response:** Hi Aditya, appreciate you taking the time to share such a detailed experience! It's great to hear that the spendvesting concept is resonating with you. Planning for goals like travel, shopping, or gadgets while your money earns returns in liquid mutual funds is exactly what smart spending should look like. You'll be glad to know that with no lock-in on funds and instant access to 90% of your balance in under a minute, your money stays both productive and accessible whenever you need it. Looking forward to helping you reach every goal you set! ## Frequently asked questions about Multipl ### What is Multipl's Investment UPI? Multipl's Investment UPI is a spending account where your everyday money is invested in liquid mutual funds, earning potential returns until you use it for payments. It's designed to make your idle cash work for you. ### How does Multipl compare to a regular savings account? Multipl offers potential returns of up to ~7% p.a. on your spending money, significantly higher than the ~2.5% typically found in savings accounts. Your money remains accessible for UPI payments and withdrawals. ### Is my money safe with Multipl? Yes, your money is invested in SEBI-regulated mutual funds managed by top fund houses like Axis Mutual Fund and ICICI Prudential. Multipl is AMFI-registered and SEBI-regulated, ensuring transparency and security. ### Can I withdraw my money instantly from Multipl? Yes, Multipl offers instant withdrawals to your bank account with no lock-in period or penalties. You can access your funds whenever you need them. ### What kind of payments can I make with Multipl? You can use your Multipl Spending Account for all UPI payments, bill payments (DTH, credit card, mobile recharge), and purchasing gift cards from popular brands like Swiggy, Zomato, and Amazon. ### Does Multipl have any hidden fees or charges? The app is free to use and your investments in mutual funds are commission-free. The focus is on providing returns and discounts without additional charges. ### How often is Multipl updated? The latest version of Multipl is v1.16.246, last updated on October 31, 2026. Updates typically include feature enhancements and bug fixes to improve user experience. ### What is the user sentiment for Multipl? Multipl has a rating of 3.8 stars from 5 ratings, indicating generally positive user experiences. The app is trusted by over 10 lakh (1 million) active users in India. ## Version history (last 5 releases) ### v1.16.246 — 2026-10-31 Every update helps your money work harder - so you can spend smarter. This update brings - Feature improvement - UI improvements ### v1.16.245 — 2026-10-19 Every update helps your money work harder - so you can spend smarter. This update brings - Feature improvement - UI improvements ### 1.16.244 — 2026-10-16 Every update helps your money work harder - so you can spend smarter. This update brings - Feature improvement - UI improvements ### 1.16.243 — 2026-10-08 Every update helps your money work harder - so you can spend smarter. This update brings - Feature improvement - UI improvements ### 1.16.242 — 2026-10-07 Every update helps your money work harder - so you can spend smarter. 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User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-11-11.*