Are you losing out by not investing in fixed deposits ?
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Are you losing out by not investing in fixed deposits ?

  • Highlights

  • FDs are preferred investment options due to higher safety

  • Curb over-spending and change expenses to income ratio

  • Bajaj Finance Fixed Deposits are graded high on security

  • Senior Citizens get higher interest rates on FDs

Fixed Deposits are sound financial instruments for those who want to park their money in safe investment avenues. Most investors prefer Fixed Deposits to other avenues such as debentures, mutual funds and shares because of the safety and stability they offer.

What are the key features of Fixed Deposits?

A Fixed Deposit is a financial instrument where the money deposited by you is held by the financier for a fixed period. Certain financiers enable you to withdraw your money prematurely, albeit with a small penalty.

The money deposited is a one-time investment and is not of a recurring type, where you should regularly credit your account with a certain predetermined sum.

Becafuse of its one-time and fixed nature, it makes more economical sense to put a larger portion of your generally unutilized money in Fixed Deposits rather than keeping them idle in a bank savings accounts, where the interest rates are lowest.

Whether you open a Fixed Deposit in a public-sector bank or a private bank, your Fixed Deposit is insured by the Deposit Insurance and Credit Guarantee Corporation under which all banks in the country fall. You can safely deposit a maximum amount Rs.1 lakh in these banks. Recently, non-banking financial companies have also started offering Fixed Deposit at competitive interest rates.

Some of the more established and trusted among them, such as Bajaj Finance, also have credit rating agencies such as CRISIL, ICRA, etc. to rate their Fixed Deposit, so you get an idea of how safe your money is, when you invest with them. Fixed Deposits by Bajaj Finance have been graded MAA by ICRA and FAAA/Stable Rating by CRISIL, which is high on security. When investing in Bajaj Finance Fixed Deposits, you can also check your maturity amount easily.

How to Invest in Bajaj Finance Fixed Deposit ?

Why should you invest in Fixed Deposits?

Investing in Fixed Deposits can be very profitable, as you get to secure your funds and get higher stability. Here’s a brief lowdown on some of the best benefits of investing in Fixed Deposits:

Earn a higher rate of interest: When your surplus funds lie idle in a bank savings account, you end up getting lower interest rates, which makes you lose out on better returns. With higher interest rate on Fixed Deposits, you can earn lucrative returns from these investments.

Streamline your expenditure: When you invest in a Fixed Deposit, you end up streamlining your expenditure, by getting into the habit of saving. By changing your expenses to income ratio, you learn to avoid spending where it is not required so you can have the money when the need arises. This is ideal for business-owners who depend on adequate cash flows to run their day to day operations.

Investing in a Fixed Deposit can serve as a lifesaver in situations where you encounter an unexpected cash shortage. Similarly, it is great for investors of any age who want to save for personal reasons, be it a medical emergency or purchase of an asset in the future.

Liquidity and flexibility: With Fixed Deposits, you can also look out for more flexibility. Though a Fixed Deposit predominantly locks in your money for a specific period, you can withdraw cash for unexpected and urgent needs. Of course, you may have to pay a certain penalty for withdrawing the amount prematurely, but this is certainly better than not having the money at all when you need it the most.


 

If you’re looking for higher interest rates that help you protect your funds from inflation, it is best to opt for Bajaj Finance Fixed Deposits, where you can get better returns and greater stability. With Bajaj Finance Fixed Deposits, senior citizens gain higher interest rates. This means you can earn better returns on the lump sum amount you invest.

Start investing in Bajaj Finance Fixed Deposits to benefit from a diverse set of advantages. You can choose your tenor, opt for periodic interest payouts and get assured returns. In case of emergencies, you can also look for Loans against Fixed Deposits.

Bajaj Finance is now offering high rate of interest up to 9.10%*

**For senior citizens, on a cumulative scheme tenor of 36-60 months

 

 

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