Right from the inception of banking system in India, Fixed Deposits (FDs) have been popular investment instruments amongst investors. And even today, they are one of the most preferred investment options as they offer assured returns.
There is no dearth of investment instruments in the financial market. However, most of these are linked to the market and the returns depend on ever-fluctuating rates. If you’re a risk-averse person and seek safe investment options, Fixed Deposits are the way to go.
FD (Fixed Deposits) are offered by banks and NBFCs with higher interest rates, which make them more profitable than saving accounts. Offering capital preservation and assured returns, FDs can secure your future and ensure that you have funds, when you need them the most.
Read on to know more about them:
Fixed Deposits are of two types:
If you’re looking for higher interest returns with safety, choose company FDs with high stability and safety rating.
The prevailing interest rate is one of the major factors that you need to keep in mind while choosing an FD scheme. Let’s look at how this works:
Suppose you have Rs. 1 lakh in your saving account. Saving accounts offer a lower interest rate, which can impact the growth of your corpus. If you decide to invest the money in FDs with Bajaj Finance, you can earn interest amounts of approximately Rs. 6,400 at the end of the year. If you’re ready to park your money for a longer tenor, your gains will increase proportionately.
If you make a windfall gain, you can consider investing in FD schemes. Here’s a look at some of the different benefits of investing in fixed deposits:
Safe: CRISIL’s FAAA and ICRA’s MAAA stable ratings ensure that your investment is never at risk with Bajaj Finance. More and more women are becoming financially independent and yet they depend on their fathers or husbands in the matters of investment. Many of them lack confidence when it comes to investing their money, as they might end up making loses. However, with Bajaj Finance Fixed Deposit, this is something that you don’t need to worry about. Bajaj Finance offers a higher interest rate on its FD schemes, which increases when you renew it.
With the help of the Bajaj Finance FD calculator online, you can calculate the exact maturity amount. This helps you plan your finances better, and take the right investment decisions. Whether you’re working professional or a housewife, and invest your savings in an Bajaj Finance FD and allow the money to grow, and keep risk aside.