Bajaj Finance FD is the best investment for senior citizens
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Bajaj Finance FD is the best investment for senior citizens

  • Highlights

  • Investing in Bajaj Finance FD for financial security

  • Higher rate of interest for senior citizens fixed deposit

  • Start investing with as little as Rs.25000

  • 100% safety with ICRA’s MAAA & CRISIL’s FAAA/Stable rating

If safety balances with high returns is your priority when investing, fixed deposits are the best option for you. With fixed deposits, you can look for the following benefits:
i) Ease of operations
ii) No need for constant monitoring
iii) Guaranteed returns
iv) Term of your choice
v) Safety & security

1. Helps build a retirement fund

Everyone has a retirement plan that involves spending time with friends and family, and taking up activities you're passionate about. However, financial preparedness is imperative for realising your retirement dream. After all, you don’t want to struggle for financial security without a constant income.
Bajaj Finance’s Fixed Deposit helps you do just this. If you plan a little in advance, you can park your savings in a fixed deposit that offers handsome

returns. Hence, over time, you can build a retirement corpus. This will allow you to meet day-to-day expenses, as well as other costs, such as relocating to a smaller city, or routine medical expenses.

Additional Read :Impact on Interest Calculation when you break your FD

2. Offers greater returns

Opting for a senior citizen fixed deposit not only makes for a secure investment, but also offers you a higher rate of interest. Bajaj Finance’s Senior Citizen FD offers higher interest rate to senior citizens. This special provision ensures that you get more returns for the amount invested.

3. Keeps your earnings safe

After having worked your entire life to provide for an enjoyable retirement, you don’t want to risk your life’s earnings. Fixed deposits cater to this need and ensure that your earnings are safe. They’re perfect for investors with a low risk appetite, as they are not linked to the market and its fluctuations. While your investment portfolio can still have elements with a moderate degree of risk, it is wiser to invest more in fixed deposits to keep risks low.

Additional Read :How to maximize your returns with Bajaj Finance Fixed Deposits?

Fixed Deposit Senior Citizen Benefits

4. Immune to market risks

Unlike stocks or mutual funds that are linked to market forces, fixed deposits are completely unaffected by its performance. So, as you grow older and your capacity to absorb a loss reduces, Bajaj Finance’s Fixed Deposits become safe and sound option for you to invest in. You can also use the Fixed Deposit Calculator to calculate the maturity amount, so you can plan your future investments accordingly.

5. Gives periodic earnings

As you inch closer to your retirement years, it is a wise financial move to shift your attention to non-cumulative modes of investment. This will ensure that you get periodic payments from your investment. A fixed deposit is the best investment for senior citizens that gives you this benefit. You can opt for monthly, quarterly, semi-annual or annual payments. For pensioners, choosing a monthly option is excellent as it mimics the salary that you are used to receiving.

6. Offers absolute security

Bajaj Finance’s Fixed Deposits are a 100% safe and secure. Regardless of your risk appetite, you always want your investment corpus to be in good hands. Fortunately, Bajaj Finance’s Fixed Deposits have ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating. So, your money is free from risk and your investment is completely secure.

So, as you grow older and your capacity to absorb a loss reduces, Bajaj Finance’s Fixed Deposits become safe and sound option for you to invest in. You can also use the Fixed Deposit Calculator to calculate the maturity amount, so you can plan your future investments accordingly.

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