The Indian work culture has undergone a paradigm shift through the years. Earlier, it was considered natural to join a company and continue working for it until retirement, thus earning you a few added benefits and maybe even a pension.
Today, however, it has become customary to jump from one company to another to find better opportunities. And even though this practice may restrict you from enjoying the steady benefits associated with sticking to a single employer, it does grant invaluable exposure to your CV.
However, as a new-age employee, the question remains whether you can save enough money for retirement without any form of pension to fund your daily expenses. And even if you are far away from any thoughts of retirement, it’s still a great feeling when you are financially free and do not have to worry about using all your salary for monthly expenses. Fortunately, thanks to an ever-increasing number of investment options available in the market today, you can attain financial freedom by opting for the ones that offer monthly payouts.
A Fixed Deposit (FD) can be a dependable choice for generating stable monthly income. With Bajaj Finance Fixed Deposit, you can earn assured returns, flexible tenures, and monthly interest payouts — perfect for both salaried professionals and retirees. Check latest FD rates.
Factors to consider before investing in monthly income schemes
When planning to invest for monthly income, it’s important to make informed decisions that align with your goals and risk appetite.
- Risk Tolerance: Understand how much risk you can take. While government-backed schemes are safer, options like mutual funds or equity dividends carry higher risks but better returns.
- Investment Goals: Decide whether your priority is stability, growth, or a mix of both.
- Market Conditions: Assess how interest rates and economic trends can influence returns.
- Diversification: Spread your investments across different instruments to balance risk and reward.
- Investment Composition: Know what your plan invests in — bonds, shares, or debt instruments — before you commit.
Looking for a safe, flexible, and high-yield option? With a Bajaj Finance FD, you can choose between cumulative and non-cumulative options to receive monthly, quarterly, half-yearly or annual payouts — ensuring consistent income without market risks. Open FD.
