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 various options at your disposal, every investment scheme comes with an inherent risk that is impossible to avoid.
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 cash 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.
It may be challenging to decide where to invest in today’s times of uncertainties in the banking and economic sector. 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 30,000 cr. For investing your hard-earned savings of Rs. 50 lakh 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 choose the option for non-cumulative fixed deposit that enables you to select periodic payouts. You can choose to get interest payouts on a monthly, quarterly, half-yearly or annual basis. If you’re looking to earn monthly income, you can select the option to get payouts monthly. This is particularly helpful for senior citizens seeking regular monthly payments.
To understand this better, let’s look at the interest rates applicable for different tenors in the table below.
Revised interest rates for customers below 60 years of age (w.e.f March 4, 2023)
*Special interest rates are offered on tenure of 15, 18, 22,30,33, 39 and 44 months.
Tenure in months |
Cumulative (interest +principal amount paid at maturity) |
Non-cumulative (interest paid at a defined frequency, principal paid at maturity) |
|||
At Maturity (p.a.) |
Monthly (p.a.) |
Quarterly (p.a.) |
Half Yearly (p.a.) |
Annual ( p.a.) |
|
12 - 14 |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
15* |
7.45% |
7.21% |
7.25% |
7.32% |
7.45% |
16-17 |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
18* |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
19-21 |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
22* |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
23 |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
| 24 | 7.55% | 7.30% | 7.35% | 7.41% | 7.55% |
25-29 |
7.35% |
7.11% |
7.16% |
7.22% |
7.35% |
30* |
7.45% |
7.21% |
7.25% |
7.32% |
7.45% |
31-32 |
7.35% |
7.11% |
7.16% |
7.22% |
7.35% |
33* |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
44 - 35 |
7.35% |
7.11% |
7.16% |
7.22% |
7.35% |
36 - 38 |
7.65% |
7.39% |
7.44% |
7.51% |
7.65% |
39* |
7.60% |
7.35% |
7.39% |
7.46% |
7.60% |
40-43 |
7.65% |
7.39% |
7.44% |
7.51% |
7.65% |
44* |
7.95% |
7.67% |
7.72% |
7.80% |
7.95% |
45-60 |
7.65% |
7.39% |
7.44% |
7.51% |
7.65% |
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.
When investing in a Bajaj Finance Fixed Deposit, choosing a tenor of 36 months or more helps you get the highest interest which enables you to get a substantial amount per month to fund your regular expenses, if you choose to receive payouts periodically.
1. Safety of your deposit
You may be worried when investing in a company FD, which yields higher returns than bank FDs. However, Bajaj Finance has the highest safety ratings of CRISIL AAA/STABLE and [ICRA]AAA(Stable), making 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 determine whether the following 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, ranging from 12 months to 60 months. Thus, you can select 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
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