Book a fixed deposit for your loved ones' wedding
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Book a fixed deposit for your loved ones' wedding

  • Highlights

  • FDs are good tax saving investments

  • Your loved ones benefit from good returns on maturity

  • Reinvesting FD helps with wealth creation

  • Gift any amount as per your budget

Weddings are generally costly affairs, and can drain most of your savings. Often, relatives offer monetary gifts with the intention to help parents or the couple replenish their savings. But, you can gift the couple a fixed deposit and increase their monetary benefits even further.
Here’s why a fixed deposit can be a beneficial gift for gifting your loved ones, at weddings-

Fixed deposits are tax-saving devices

With a wedding to manage, most households avail loans to fund the different expenses like buying jewellery and clothes and making arrangements for various functions. With the burden of a loan, financial planning is bound to get a little shaky for that financial year. To ease the burden, you can offer a fixed deposit to the couple as a gift. Fixed deposits allow you to save tax under Section 80C of the Income Tax Act, provided it is locked in for a minimum of 3 years.

The interest earnings of an FD are exempt for tax up to Rs.5000 on a company FD and Rs. 10,000 on a bank FD too.


They offer great returns

Cash gifts to your loved ones are typically deposited in the savings account, which over time yield 4% interest. However, gifting the same amount as a fixed deposit will fetch at least 7% interest annually. The interest rate varies from one bank to the other. But NBFCs with a high credibility rating offer a better interest rate on fixed deposits. For instance, the Bajaj Finance Fixed Deposit offers an attractive interest rate of 7.85% along with benefits like higher interest rates for citizens at 8.20%, assured returns and flexible corpus and tenor.


Create more wealth

Soon after bearing the expenses of a wedding, a fixed deposit will give the couple a strong backing to achieve their goals. Since you have already created a savings structure for them, they can add more funds to the same over the years and benefit from tax-saving and increased wealth.

Why should you choose Bajaj Finance Fixed Deposits?

Invest as per your needs

The minimum deposit parameter for a fixed deposit with most banks and NBFCs is moderate. This gives you flexibility and helps you to choose a wedding gift for your loved ones without affecting your financial stability. For example, the minimum amount needed to start an FD with Bajaj Finance is Rs. 25,000.


Once you decide to give a fixed deposit as a wedding gift, remember to check the rates and credibility of the bank or NBFC. Select the best and most affordable plan and make the gift worthwhile for your loved ones.

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