API Reference

Introduction

Overview

Investment definition is an asset that is obtained with the intention of allowing it to appreciate in value over time. Investment may generate income for you in two ways. One, if you invest in a saleable asset, you may earn income by way of profit. Second, if Investment is made in a return-generating plan, then you will earn an income via the accumulation of gains.

Goals

  1. Investments help keep hard-earned money safe from being eroded with time.
  2. The money you earn grows into wealth, you need to consider investment objectives and options that offer a significant return on the initial amount invested.
  3. Income-generating investments can help you pay for your everyday expenses after you have retired.

Specifications

investment is an essential part of wealth creation in India, it helps you beat inflation, fulfill your financial goals and stabilize your financial future. instead of letting money lie idle in your bank accounts, you can invest in different avenues. it may help attain your financial goals and build a financial cushion for the future to live a secure life by investing.

PaySprint observe this and introduced an investment API with two investment plans.

  1. Fixed Term Plan - In a Fixed term plan PaySprint offers a 12,6,3 month fixed term plan in which users will earn interest up to 12% PA at the end of the term.

  2. Freedom Plan - In the Freedom plan we allow the user to release their investment on demand, user can withdraw their investment post 24 hours of investment, and users can earn up to 8.25PA. Users can invest the fund for a day to a month.

Investment Plan

  1. Fixed Term Plan
12 Month6 Month3 Month
ROI up to 12%
(Interest & Principal at the end of term)		ROI up to 11%
(Interest & Principal at the end of term)		ROI up to 10%
(Interest & Principal at the end of term)
Min Investment Rs.100/- up to Rs. 1lakhMin Investment Rs.100/- up to Rs. 1lakhaMin Investment Rs.100/- up to Rs. 1lakh
  1. Freedom Plan
1-15 days16-30 days30+ Days
ROI up to 4% P.A
(Interest & Principal at the end of term)		ROI up to 5% P.A
(Interest & Principal at the end of term)		ROI up to 8.25%
(Interest & Principal at the end of term)
Min Investment Rs.100/- up to Rs. 1lakhMin Investment Rs.100/- up to Rs. 1lakhMin Investment Rs.100/- up to Rs. 1lakh

Details Process Flow:

  1. Firstly, the user has to register himself at the Paysprint Partner outlet.

  2. He has to provide basic personal details like name, mobile no., pan, etc. and bank details like account number, IFSC code, branch address, etc.

  3. After the details, the user has to be verified and KYC documents like PAN, residence proof, and canceled check have to be uploaded.

  4. After verification, the user has to choose the type of plan he wishes to invest in, whether it be freedom or a fixed-term plan.

  5. The amount entered will be debited from the partner’s bank account and would be invested in a diversified portfolio according to the plan chosen.

  6. The User can withdraw the principal and interest amount after the completion of tenure by visiting the partner merchant or through the Faicent application.

Process Flow:

561

Disclaimer:

Lending on Faircent com is subject to defaults Please read the product details/borrower profiles carefully before investing Fairassets Technologies India Pvt Ltd (Faircent com) is having a valid certificate of registration dated May 16 th, 2018 issued by the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934 However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or the opinions expressed by the company and for repayment of deposits discharge of liabilities by the company All repayments are subject to GST Product returns are historic and Faircent doesn’t provide any guarantee of these returns in the future Faircent will perform risk management activities to maintain returns in the acceptable range but it is possible that lenders may even lose principal amount in case defaults are too high Investment made in the product may get invested over a period of time depending on the amount of investment Interest will start accruing only when the amount is disbursed to the respective borrowers on the platform Returns are dependent on utilization of funds Unutilized amount lying in the pool does not earn any interest By investing in this product, lenders authorize Faircent to send funding proposals on their behalf to borrowers meeting the investment criteria If re investment is available for this product, then it will be made to borrowers meeting the product’s investment criteria at the point of reinvestment The lender will receive a statement of account periodically on their registered email ID Unless the constituent notifies Faircent within 7 days of receipt, any discrepancy found by him/her in this statement of Account, it will be taken that he/she has found the account correct The closing principal balance as shown/displayed includes only the amount invested in FSIGP/ Faircent Double, but not the funds which are under clearing or in escrow account Hence, the closing balance displayed may not be the effective available balance The Faircent Systematic Income Generation Plan Faircent Double “Freedom Plan” gives lenders the ability to request for a release of the amounts invested by such Lender in the Freedom Plan, to their escrow account on demand and as per requirement of the Lender Funds can only be released from the “Freedom plan” to escrow account of the Lender maintained on the Faircent's platform or moved to another plan post 24 hours of the investment Investments which are released to the escrow account of the Lender prior to a 30 day term may attract a lower interest rate which will be as published by Faircent in its sole discretion and notified to the Lender on the lender’s dashboard on Faircent com Faircent reserves the right to change such interest rates without notice and shall not be liable for any deficiency in amount that may be received by the Lender as a result of investment in Freedom Plan At the end of every financial quarter all the funds in the Freedom plan will be automatically released to the escrow account of the Lender and shall be automatically reinvested in the same Freedom plan, unless otherwise specifically instructed by the Lender Faircent charges management fees which will be invoiced and deducted on every release of an investment to escrow and the management fees shall be charged in accordance with the terms and conditions of the Plan provided to the Lender by Faircent Lender shall be solely responsible to choose the Plan in which the Lender wants to invest Faircent shall not be liable or responsible for any loss caused to the Lender on account of the Lender investing in any Plan Liquidity is offered on a best effort basis and Faircent shall not be liable or responsible for any delay in or non availability of Liquidity