Best Investment Options for Monthly Income in India: Fixed Deposits and beyond

Explore a comprehensive guide of some of the best monthly income investment options including fixed deposits.
OPEN FD
3 mins
15 August 2024

Fixed Deposits and Beyond Unveiling India's Best Monthly Income Investments

Investors in India have plenty of options when it comes to a consistent stream of income. Investment avenues include mutual funds, post office monthly income schemes, corporate fixed deposits, pradhan mantri vaya vandana yojana, fixed deposits, and more. These options offer varying levels of risk and returns, making it essential for investors to consider their individual financial goals and preferences before investing. Let’s dive into the best monthly returns on investments in India, their risk factors, and how they can help investors to achieve their financial goals.

Pro tip

Enjoy higher interest rate with Bajaj Finance Digital FD. Unlock returns of up to 8.65% p.a. by investing for 42 months via website and app.

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  • Mutual Funds: These are a great way to earn returns every month. They aim to generate capital appreciation by investing in a diversified portfolio of stocks, bonds, and other securities. Mutual funds offer various types of funds like equity, debt, and hybrid funds. An investor can opt for Systematic Investment Plans (SIPs), wherein small amounts of money are invested every month. 
  • Post Office Monthly Income Scheme (POMIS): The Post Office Monthly Income Scheme (POMIS) is a low-risk investment option offered by the Indian Post Office. The scheme offers a good interest rate and is payable monthly. 
  • Corporate Fixed Deposits: Corporate Fixed Deposits are similar to bank fixed deposits; however, they are issued by corporates instead of raising funds for their working capital needs. Corporate fixed deposits offer higher interest rates than bank FDs, which makes them more lucrative for investors
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY): It is a pension scheme introduced by the Government of India. This scheme offers a fixed pension amount for senior citizens aged 60 years and above. The PMVVY scheme is available through the Life Insurance Corporation (LIC) of India and offers a guaranteed pension payout with the option of receiving the pension payout monthly, quarterly, half-yearly, or annually.
  • Fixed Deposits: Fixed deposits are the safest and one of the most popular investment options in India. In fixed deposits, the investor deposits an amount with a bank, post office, or an NBFC (like Bajaj Finance) for a fixed tenure, in return for an interest rate. The interest rate depends upon the tenure of the investment, the type of FD, and the body offering the investment.

You can choose the monthly payout option on their Bajaj Finance Fixed Deposit investments. You can also opt for quarterly, half-yearly, yearly, or on-maturity payout options. Bajaj Finance provides an interest rate of up to 8.65% p.a. for a special tenure of 42 months for senior citizens on FDs. 

Why choose Bajaj Finance fixed deposit as your preferred monthly income:

  • High Stability rating: We have one of the highest stability ratings from CRISIL and ICRAA to ensure that your deposit is securely invested.
  • Higher rates for senior citizens: To facilitate income opportunities amongst the seniors, we not only have the option of monthly payouts but also up to 0.40% p.a. higher rates for senior citizens from our regular rates.
  • Trust in the brand name: Bajaj has been a name that has been in the market for almost a century, and Bajaj Finance is one of the most reputed and one of the largest NBFCs in the country.
  • Online process: The easy, quick and end-to-end online process makes the FD journey hassle-free and you can open a FD from the comfort of your home.

How to invest in Bajaj Finance’s Fixed Deposits, and get monthly returns?

  • Go to the Fixed Deposit section on the Bajaj Finance website
  • Enter your phone number and sign in with OTP
  • Choose the desired investment amount, tenure, and interest payout frequency
  • Complete KYC, provide bank details, and complete the investment
  • You are good to go!

These days investment opportunities for monthly returns in India are diverse and offer varying levels of risks and returns. It is imperative to assess the risks involved with each investment option before investing and to diversify the portfolio to mitigate the investment risks. 

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Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.