Uncategorized Go Sqrrl (personal finance app) to make Income Tax...

Go Sqrrl (personal finance app) to make Income Tax saving simple


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Sqrrl is a savings and investment app designed to help you grow into the habit of saving and attain the ultimate goal of financial fitness.

To quote their mission statement,

“Sqrrl is a platform aimed at helping young Indians save their earnings while keeping things simple. With Sqrrl, it’s not about putting away large chunks of your salary, but rather small sums with just a couple of clicks! Everyone hates to see their hard-earned money go into taxes. Along with helping you save, Sqrrl also loves to make tax savings simple and effortless for you. All this with the aim to help young Indians prosper!”

Product Offerings:
With a host of different product offerings, customized for diverse sets of users, to meet varied goals, Sqrrl could be your one-stop app for all your financial needs. Let’s have a look at a few of these features.

Sqrrl Away

Sqrrl Away is designed to put small amounts of money into a virtual savings nest. The significance of Sqrrl Away is that in comparison to a typical savings account which gives a menial return of 3.5%, Sqrrl Away can generate approx. 6-7%, by investing in the best performing mutual funds only. Another aspect of it that sets it apart is that you can start with as low as Rs 100, can set up weekly payments and can even top up your savings, whenever you want. And the final cherry on the icing is that with Sqrrl Away you can withdraw your money 24/7 – 500 – 50,000 instantly or 100% of the amount on the next business day morning. And did I tell you that it doesn’t have a lock-in period either?

Search & Invest

Search and Invest has been specifically designed for the more educated users, with respectable know-how of investing and markets, in general. With an option to invest in over 2800 mutual funds and schemes, it’s an ideal feature for anyone who knows where they’ve to invest. Investment decisions are made based on a number of factors such as the fund rating, risk, fund manager, 1-3-5 year returns, fund type, investment plan, etc, and search and invest can help investors with all this data before they begin investing.

Axe Tax

It’s very likely that if you’re a salaried professional and have a commensurate earning, you might be worrying about saving your taxes. Well, if this is true, Axe Tax is for you. It’s common knowledge that the government allows 1,50,000 of tax rebate and Axe Tax could be that potent weapon to help you realise this entire amount (claim the full rebate). Axe Tax will be your guide to the total amount you need to invest to claim the full Income tax benefits.

And it doesn’t stop here. The company also offers a lot of other investment options in gold fundsSIP, lump sum, etc.

How to get started?

With a very streamlined approach to investing and an easy to use interface, Sqrrl has made it possible to keep financial planning extremely simple. This is how the step-by-step procedure looks like.


  • Download Sqrrl app from Google Play Store/iOS store. Once installed, open the app and you’ll be greeted with the welcome screen.
  • Sqrrl was the very 1st Mutual Funds app, to have the vernacular capability, in India, and it currently supports 9 languages (English + 8). In the second step, you’ll be presented with these nine languages and you can proceed ahead, after selecting your preferred language.
  • Click on the get started tab at the bottom (or explore the app) and enter your phone number for signing up.
  • Next, feed the OTP you might have just received, upon which, you’ll be redirected to your profile building screen.
  • Next, enter your name and email id (and a referral code, if you have one) after which you’ll be taken to your bank verification screen..
  • Next, set up your account through 2 very quick and important steps – PAN & KYC verification and Bank & Additional Information. Here you can also see the other options for beginning your investment journey, along with in-depth information on what the respective options are.
  • Enter your PAN details in the next screen – your name, PAN number, and date of birth. And confirm your details. This will make you a KYC-Certified user.
  • The final screen will ask you to enter your bank details wherein you’ll be asked to enter the account holder’s name, account number, confirm your account number and IFSC Code. Once done, verify your details in the next screen and hit proceed.
  • Congratulations! You’re all set to carry out your first transaction, once you complete the other formalities to get you started.
  • The firm is regulated by SEBI and comes under the purview of AMFI with 128-bit encryption and bank grade security. Backed by a highly credible team of experts, with a collective experience of over 60 years in the mutual fund’s industry, Sqrrl is one app you should look at, for all your investing needs.
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Shashank Jain
Shashank Jain, founder of Iphone-s, a young and energetic entrepreneur has always been fond of technology. His liking for technology made him go for engineering in computers. During his studies, he learned & worked on different computer languages & OS including HBCD, Linux, etc. He also has a keen interest in ethical hacking.


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