Investing money is a smart way to grow your savings, so you can not only set aside a sum of money, but also earn high returns on investment. There are several investment options for high returns such as Public Provident Funds, Mutual Funds, equity shares, gold ETFs, fixed deposits and more. However, the choice of investment instrument varies as per your risk appetite, investment goals and liquidity needs.
Investors with high risk appetite may opt for growth oriented investments that help them grow their savings easily. For investors who seek high returns and stability, along with safety of their principal, fixed income instruments like fixed deposits are the perfect investment tools.
If you’re wondering how to invest money in fixed deposits, read along to know more.
What is fixed deposit?
Fixed deposits are one of the best investment instruments for investors looking for stable returns over time. All you need to do, is to set aside a sum of money in fixed deposits offered by your preferred financier. The amount is locked in for a specified period, during which your interest gets accrued.
As these returns compound over time, you benefit from higher interest income. Several financiers offer the option to get periodic payouts. Those who seek regular income post-retirement, can consider opting for periodic payouts.
Bajaj Finance Fixed Deposit is a great investment avenue for most investors, who are looking for safety of their capital along with flexible tenor. Bajaj Finance Fixed Deposit has the highest safety ratings by ICRA and CRISIL, which means your principal amount is safe.
How to invest in Bajaj Finance Fixed Deposit?
Investing in Bajaj Finance Fixed Deposits is very easy. All you have to do is fill in the online application form, and deposit the money via NetBanking, RTGS/NEFT or cheque. You can then access your filled-out form by clicking on ‘Save as PDF’. Our representative will get in touch with you, for document collection.
You can then print and sign your application form, affix your photographs, and keep your KYC documents handy. You can then submit your documents with CTS compliant cheque to your representative. Make sure your cheque is payable at par to 'Bajaj Finance Limited – Fixed Deposit Account 00070350006738' and crossed 'Account Payee only'.
Your FD will now, be booked.
Start investing in Bajaj Finance Fixed Deposits to multiply your savings easily, and gain more from your investment.