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How to Get a Monthly Income with an Investment of Rs.50 Lakh?

  • Highlights

  • Choose tenor ranging from 12 months to 60 months

  • In cumulative pay-outs, interest is payable after tenor completion

  • Finance regular expenses with non-cumulative FDs

  • Deduce maturity amount with FD Calculator

Saving money throughout professional life is one thing, and investing it in a beneficial and risk-averse avenue is another. If you’ve saved up a good amount from your earnings and income, say a total of Rs. 50 lakh, you may be wondering how to put it to best use.
While you have a variety of options at your disposal, every investment scheme comes with an inherent risk that is impossible to avoid.

DID You Know? Bajaj Finance Fixed Deposit offers assured returns of up to 7.35%, along with multi-deposit, loan against FD, and auto-renewal facilities. FD Online

Where should you invest for maximum returns?

From equities to stocks and bonds, each option could lead to loss of money and result in an unprofitable investment at your end. Also, such investments can lead to your money becoming locked-in for a longer term, thus making it unavailable to you in times of need.

In case of an unforeseen emergency, you may be unable to withdraw your own money, which can lead to unnecessary stress. There is, however, a way to avert such unfavourable scenarios with planning and foresight.

In today’s times of uncertainties in banking and economic sector, it may be difficult to decide where to invest. Stock indices are at their volatile best, and repo rates have gone down, which has led to a fall in FD interest rates. However, you can get higher returns with company deposits, but there’s always a risk associated with them. During such times, it is best to choose safe options like Bajaj Finance Fixed Deposit.
Bajaj Finance is one of the most trusted FD issuers, with the trust of more than 2,50,000 happy customers contributing to a deposit book of more than 20,000 crores. For investing your hard-earned savings of Rs. 50lakh or more, you can consider choosing to invest in Bajaj Finance Fixed Deposit, wherein you can generate a monthly income to fund regular expenses, while protecting your savings.

How to get monthly income from your savings?

You can get a good income of up to Rs. 32,375 per month, by investing Rs. 50 lakh in a Bajaj Finance Fixed Deposit. All you need to do, is to choose the option for non-cumulative fixed deposit that enables you to choose periodic payouts. You can choose to get interest payouts on a monthly, quarterly, half-yearly or annual basis. If you’re looking to get monthly income, you can choose the option to get payouts on a monthly basis. This is particularly helpful for senior citizens seeking regular monthly income.

To understand this better, let’s assume a senior citizen invests Rs. 50 lakh in a Bajaj Finance Fixed Deposit and opts for monthly interest payout option. Let’s look at how the monthly interest income varies for different tenors, in the table below.

Tenor (months) Interest Rate Monthly payout (Rs.)
12 6.93% 28,875
24 7.02% 29,250
36 7.11% 29,625

Thus, the above table shows that your interest income is highest, when you choose a longer tenor. When investing in a Bajaj Finance Fixed Deposit, choosing a tenor of 36 months or more, helps you get the highest interest of 7.11%, which helps you get an amount of Rs. 29,625 per month to fund your regular expenses.

As one of the safest options to protect your savings, Bajaj Finance FD is the best choice for you to get started. Here’s what makes Bajaj Finance Fixed Deposit the best choice to get a monthly income out of your hard-earned savings of Rs. 50 lakh.

1. Safety of your deposit

When investing in a company FD, which yields higher returns compared to bank FDs, you may be worried. However, Bajaj Finance has the highest safety ratings of FAAA by CRISIL and MAAA by ICRA, which makes it one of the safest investment options. Additionally, Bajaj Finance FD is one of the only FD issuers in India to have ‘0 unclaimed deposits’ – which indicates the level of commitment towards deposit holders.

Additional Read : Just started working? Here are few investment options for you

2. Unaffected by volatility and market fluctuations

The interest rates on most other forms of investment rise and drop with alarming frequency based on market trends. Thus, you usually cannot have certainty on whether the next change will reduce your investment’s value or increase it. Bajaj Finance Fixed Deposit however, remains untouched by any form of volatility, thereby guaranteeing assured returns.

3. Guaranteed returns on your deposit

Bajaj Finance Fixed Deposit guarantees stability, even if the economy is undergoing major fluctuations. This means that you get a fixed interest on your investment, which you can calculate using a Fixed Deposit Calculator much in advance.
Using a Bajaj Finance Fixed Deposit Calculator is very easy, and you can determine the returns you can get, even before you start investing in this FD. This makes it one of the best planners for getting lucrative returns on your deposit.

4. Flexibility of time and interest payout frequency

When investing in a Bajaj Finance Fixed Deposit, you can easily choose your tenor, which ranges from 12 months to 60 months. Thus, you can choose the maturity period for your FD, as per your goals and requirements.
Additionally, if you’re looking to generate periodic income, you have the flexibility to choose the frequency of interest payouts. The options available for periodic payouts are monthly, quarterly, half-yearly and annually. This makes your FD a flexible investment in many ways.

5. Convenient online investing

With Bajaj Finance online FD option, you can enjoy a paperless investment process that takes a few minutes to lock into attractive FD interest rates. This option makes it easy for you to invest from the comfort of your home, and safeguard your savings within a few minutes.

Additional Read: Tips on making prudent investments after retirement

Invest in Fixed Deposit for risk-free investments, which help you generate monthly income that is safe and reliable. With Bajaj Finance Fixed Deposit, you get attractive interest rates and the option to dovetail your investments with your financial goals.

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