A secure future is the dream of every woman. To realise it, women of all ages and from all walks of life seek and work towards their financial independence and are investing in their financial goals. Today, there are a plethora of investing possibilities available; some are riskier due to their greater market sensitivity. Fixed Deposits (FDs) continue to be the simplest and safest form of investment when it comes to risk-free and good returns.
Bajaj Finance FD is one of the most suitable fixed deposit schemes for women in India. This interest rate is significantly higher and it offers easy online application and account management options, making it convenient for women to invest in fixed deposits. Let us elaborate and understand why the Bajaj Finance fixed deposit is an ideal investment option:
Types of Fixed Deposits for Women
Bank Fixed Deposits (FDs):
Banks offer various types of FDs to suit different financial needs:
Regular/Standard FD:
These deposits can be opened for a tenure ranging from 7 days to 10 years and usually offer higher interest rates than a regular savings account.5-Year Tax-saving FD:
This FD comes with a mandatory 5-year lock-in period. The principal amount, up to Rs. 1.5 lakh, qualifies for tax exemption under Section 80C of the Income Tax Act.
Company or NBFC Fixed Deposits:
These FDs, offered by Non-Banking Financial Companies (NBFCs) and corporates, generally provide higher interest rates compared to bank FDs. However, it’s crucial to review the company’s credit rating before investing to ensure safety and reliability. Also, NBFCs generally do not provide Tax-saving FD options.
How does fixed deposit for women work?
Women play a vital role in supporting their families and communities. To achieve financial independence and meet personal goals, women need reliable investment options. While several investment avenues exist—some carrying market-linked risks—Fixed Deposits (FDs) stand out as one of the safest and most dependable choices, offering assured and stable returns without market volatility.
Reasons Why Bajaj Finance FD is ideal for Women
Higher Interest Rates
Bajaj Finance FD offers a competitive interest rate as per the market standards. Higher interest rates mean better returns on your investments, helping your money grow faster.
Flexible Tenure Options
Bajaj Finance FD offers flexible tenure options ranging from 12 to 60 months, making it convenient for women to choose a tenure that suits their investment goals. Whether short-term or long-term, you can find an FD tenure that aligns with your needs. Be it higher studies, a vacation, or a dream car, now a woman can plan for all of these with the help of her FD investment.
Safety and Stability
Bajaj Finance Fixed Deposit holds some of the highest credit ratings from agencies like CRISIL and ICRA, reflecting its creditworthiness and ability to fulfill financial obligations. These ratings provide additional confidence to women about the safety of their deposits.
Senior Citizen benefits
We offer special FD interest rates for senior citizens. If you are a senior citizen (over 60 years of age), you get up to 0.35% p.a. additional FD interest rate. The highest interest rate on a tenure of 60 months months is up to 7.30% p.a. for senior citizens.
Online Application and Management
Bajaj Finance FD offers easy online application and management options, making it convenient for women to invest in fixed deposits. We have a complete online journey which saves time since one does not have to travel anywhere to invest. Also, using ‘My Account’ our customer portal, one can track their investments, download and view their FDR, other documents and also raise queries.
Additional Benefits
With a Bajaj Finance Fixed Deposit one can also get additional benefits such as loan against FDs, flexible payout options and premature withdrawal options, making it a comprehensive investment option for women.
In conclusion, fixed deposits are a safe and secure investment option for women who want to grow their savings. Women can take advantage of the higher interest rates offered on fixed deposits for women and choose schemes such as Bajaj Finance FD to grow their savings.
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