• INVEST NOW

ROI up to 6.75%* on FD

INVEST NOW

Hacks to help you save money and make money at once

  • Highlights

  • Overhauling your expenses to ensure better gains

  • Incurring penalties and late fees due to unpaid debts

  • Investing in a credible FD with credibility & high returns




Saving is often seen as a measure to set aside some money as a cash reserve, but it may not always be enough. You can put your income to work by investing strategically, so it grows in due course of time. It helps you get better returns, as your money is not sitting idle.
You can put certain strategies in place to create a safety net for when you retire or to fund your children’s education and other family expenses. No matter what your goal, growing your money begins with saving it.

Bajaj Finserv Fixed Deposit

Here are some useful tactics that will help you boost your savings.

1. Cut down on your expenses:

If you’re looking to maximize your savings, curtail expenses and spend within reason. You may not necessarily need to give up on your desire to travel, entertainment or leisure activities. Overhaul the way you spend by making small changes, such as: 1) Cut down unnecessary routine purchases, which you’re not fully utilizing
2)Streamline your utility expenses and analyse what you truly need

3)Don’t give in to purchase-inducing commercials for products you don’t need
4)Re-look at your cell-phone and Internet plans. If you’re not fully utilizing the benefits, downgrade to a plan that suits your benefits
5)Avoid ordering out expensive food, and opt for home-cooked meals

You can also make a list of priority expenditures and spend money only on them. This way you’ll be able to eliminate expenses that are straining your finances.

2. Shop wisely:

Be cautious when shopping for items. For example, when you go grocery shopping, ensure that you make a list of all the items you need to avoid spending on. Also, try to shop during sale season. This will help you save money and trim expenses wherever possible.

Additional Read: 6 Reasons Why An FD Is Better For You Than a Savings Account

3. Start consolidating debts:

Debts can become expensive if you accumulate too many over a period. Having many unpaid debts drains your finances further, as you could incur penalties and late fees. A good way to clear your debt quickly is to merge them. Debt consolidation can help you in the following ways:

1) Instead of having to deal with multiple lenders, you can just deal with one
2) By opting for a lower interest rate, you can enjoy big savings on monthly repayments
3) Organize your finances better, and get less paperwork to deal with

It is a great way to streamline all your debts, so that you can budget your repayments better and avoid the headache of different monthly repayments.

4. Add to your skills:

Improving your skills helps build your expertise in a particular field. This increases your worth in the industry and helps boost your salary. In a nutshell, investing on acquiring more skills makes you a better hire, and increases your earning capacity. The more you earn, the more you can save and invest.

5. Take up an additional job:

You always have the option to take up a second job if you feel that you need to supplement your income to achieve your savings targets. This way, you’ll be able to meet your financial goals and pursue another passion as well. A second job also gives you experience in another industry and multiplies your earning potential.

Additional Read: Achieve Financial Independence With 4 Easy Steps

6. Invest in rewarding options

Once you have some savings in place, you can focus on increasing these savings. Instead of having your money sit idle in a bank account, get returns on your savings by investing them. Ideally, you must invest in a mix of low-risk and high-risk tools. This allows you to gain from sizeable returns, while providing you stability at the same time. Consider fixed deposits as a part of your portfolio.


This is a safe investment option that offers you steady returns over a short, medium or long term. You can invest in a fixed deposit after reviewing its interest rate, and multiply your savings over time. Since FDs aren’t linked to how the market performs, they are perfect for risk-averse investors. Other common investment options that you can choose from include PPF, mutual funds, equity and Post Office Monthly Income Scheme.

So, instead of living from one pay cheque to the next, follow these tips to save money and help it grow. Go for a credible Fixed Deposit with a nominal investment, high rate of interest and excellent credibility

DISCLAIMER: The mentioned fixed deposit interest rates are indicative only, and may be subject to change periodically. Please check the interest rates on our website.

How would you rate this article

 Please let us know why?

What did you dislike?

What did you dislike?

What did you like?

What did you like?

What did you like?

Next up

PRODUCT GUIDANCE

How to get a monthly income with an investment of Rs.50 lakh?