There are few safer ways to grow your hard-earned money like investing in a fixed deposit (FD).
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Ganesh Chaturthi marks the beginning of the festive season in India. In view of the upcoming festivals and additional expenses that they bring along, you shouldn’t neglect savings. Therefore, this festive season, start working towards securing your financial well-being.
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There are few safer ways to grow your hard-earned money like investing in a fixed deposit (FD). It is a popular option amongst many investment portfolios, with over 95% of Indian families opting to park their savings in an FD. A substantial amount of money invested in the form of an FD over a longer tenor can yield a generous maturity amount. These expected interest pay-outs can help you achieve your financial goals and fund unprecedented financial requirements.
Bajaj Finance offers fixed deposits that provide investors with the dual benefit of safety and stable growth. Besides low-risk and security of funds, there are several other reasons why a Bajaj Finance Fixed Deposit is one of the best investment instruments for individuals looking to save for their retirement.
Keep reading to learn why FD is the ideal investment tool to go with this festive season.
- High FD interest rates
Bajaj Finance online Fixed Deposit offers some of the highest FD rates in India. For non-senior citizens, the applicable interest rate is 6.50%, and an extra 0.10% is offered to those who choose to invest online. In addition, senior citizens can avail of an additional rate benefit of 0.25%, irrespective of the investment mode.
To understand how you can create your corpus with Bajaj Finance FD, consider investing Rs. 5,00,000 as the principal amount for five years. Given below is a tabular representation of returns at maturity for senior and non-senior citizens.
You can also use the FD interest calculator, available on the Bajaj Finserv website, for checking the interest pay-outs for different tenors and deposit amounts.
2. Loan against FD
You can easily receive credit in the form of a loan against your own FD. Moreover, you can avail of up to 75% of your FD amount to fund your liquidity requirements. This makes Bajaj Finance FD an attractive investment tool for investors, as they get an easy credit option in case of financial emergencies.
3. Laddering deposits
It is recommended to ladder deposits instead of investing all the savings in one fixed deposit if easy liquefication is what one aims for. This enables them to balance the effect of fluctuating interest rates on their deposits and helps them collect returns of multiple FDs and deposit them into a high-paying fixed deposit in the future.
4. Easy investment process
With Bajaj Finance online FD, you can invest in just a few minutes using a hassle-free, paperless online process. There is no need to wait in long queues. With Bajaj Finance online Fixed Deposit, you can invest from the comfort of your home. Moreover, non-senior citizens can get an additional rate benefit of 0.10% on investing online.
5. Safety of deposit
The safety of a Bajaj Finance FD has been validated by CRISIL’s FAAA rating and ICRA’s MAAA rating - both indicative of the highest safety standards for your capital. Thus, Bajaj Finance FD is a strongly favourable investment option to park your savings.
With the commencement of the festive season, take the next step towards financial freedom. Invest online in a Bajaj Finance Fixed Deposit in just a few clicks.
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