1 min read
25 May 2021

95% of Indian households prefer fixed deposit investments for their stability and high returns. The returns and re-runs from your fixed deposits are pre-decided, which can help you plan your investments better. If you’re saving for a specific financial goal, maximizing the returns of your fixed deposits can be very helpful.

To maximize your fixed deposit earnings, you can follow the steps below:

Select a lender with high rates of return

The first step to increasing returns from your fixed deposits, is to select a credible lender, who offers you a higher interest rate. At least 7% or more FD interest rate is ideal for growing your savings, and ensuring high returns. Consider investing in Bajaj Finance Fixed Deposits to ensure higher returns, with stability.

Pick a company fixed deposit

Financial institutions offer company FDs, which offer higher interest rates and flexible tenors. These company FDs make it possible to earn more, and offer a suite of different benefits.
Some of the best benefits of company fixed deposits are mentioned below.

Make most of your company FDs by choosing the right financier, and opt for the best fixed deposit scheme, as per your financial goals.

Invest in multiple fixed deposits

There are several advantages of investing in multiple fixed deposits:

  1. Gain from varying rates of interest
  2. Build a safety net against riskier investments
  3. Reduce your tax obligations
  4. Gain higher returns
  5. Make use of varying maturity period, so you can leverage a lump sum amount of money

You can manage multiple FDs with some useful tips, as given below.

Additional Read: How to increase your retirement savings?

Pick a cumulative fixed deposit

While a non-cumulative FD pays returns on a periodic basis, a cumulative one lets you accumulate interest over the tenor. The sum benefits from compounding of interest and your principal isn’t reset to its original value after a fixed amount of time has passed. As a result, you are able to earn more from the sum that you have invested.

Retirement Plan by Bajaj Finserv

Re-invest your interest income

To make your earnings from fixed deposits grow, it is important that you keep re-investing the sum that you get at maturity. This will allow you to generate a corpus to make an expensive purchase, such as a house or car.

So, if you’re investing in fixed deposits for growing your wealth, understand your lender’s renewal policy to make necessary arrangements. Choose the right financier and increase your gains!

You can plan your deposits in advance using the FD calculator, which helps you ascertain the best way to grow your savings, before you invest.

While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.

*Terms and conditions apply