Money Ahead Deposits FAQs

1) What is a Money Ahead Deposit?

It is a term deposit account that provides you with upfront interest on the funds placed with Liv

2) How many tenures are available on the Money Ahead Deposit?

This term deposit account is available in multiple tenures up to one year

3) How much interest will I get on my deposit?

Click here for interest rates on the Money Ahead Deposit.

4) When will interest get credited?

With your ‘Money Ahead Deposit’, you are entitled to upfront interest. This means, you do not have to wait till the maturity of your term deposit to enjoy the benefits. Interest will be credited to your Primary Account within 5 working days.

5) What is the procedure for early closure of the term deposit?

Although we recommend depositing your funds for full term, you can always reach out to us if you change your mind. Chat with us to raise a request to withdraw your funds before maturity of your ‘Money Ahead Deposit’

In case of principal being withdrawn by the customer before maturity, interest will be as per rack rates prevailing on FD set up date, for elapsed tenor, less 1% p.a penal interest. Click here for prevailing rack rates.

6) Can I partially withdraw my funds?

Partial withdrawal of your deposit is not available

7) What happens at maturity of my Money Ahead Deposit?

At the end term period, principal amount will be credited back to your Primary Account and your term deposit with Liv will be closed.

8) Can I renew my Money Ahead Deposit?

When you create a term deposit through the Liv X app, you have the option to select for auto renewal. Once your first tenure ends, your term deposit will be renewed. The interest rate for the renewed tenure will be as per the ENBD rack rates on the day the renewed tenure begins. Our team will send a reminder on your upcoming renewal.

9) Can I cancel auto renewal?

To cancel auto renewal, Please call our support team or WhatsApp us on 600521212

10) How many ‘Money Ahead’ deposits can I create?

You can create as many term deposits as you like. Interest calculation for each term deposit will be calculated and credited independently.

11) What interest rate will I get if I move my funds from my Goal Account/Primary Account to a ‘Money Ahead Deposit’?

Click here for interest rates. Interest will be credited to your Primary Account within 5 working days