7 Best Ways To Grow Savings & Benefits

Explore the best ways to grow your savings with exciting investment options for short-term and long-term goals including RD & FD, Post Office Saving Schemes.
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4 min
05-September-2025

Growing your savings is more than just putting money aside—it is about making that money work for you. Whether you are saving for a rainy day, your child's education, or a peaceful retirement, building your savings consistently can help you stay financially secure and independent.

In India, where expenses range from rising education costs to medical emergencies, letting your savings sit idle in a regular savings account isn’t enough. With the right mix of low-risk and growth-oriented investments, you can grow your money steadily without losing sleep over market volatility.

Let’s explore how you can make your savings grow effectively, based on your financial goals, risk comfort, and time horizon.

7 Tried-and-tested ways to grow your savings

Here are seven proven ways to grow your wealth steadily—whether you are a cautious saver or someone open to taking calculated risks.

1. Fixed Deposits (FDs): Reliable growth, zero guesswork

FDs remain one of the most popular savings tools in India. They offer guaranteed returns at a fixed rate, regardless of market volatility, making them perfect for short-term and medium-term goals.

  • Low risk, guaranteed earnings

  • Flexible tenure (12 to 60 months)

  • Safe option with predictable outcomes

Bajaj Finance FD offers up to 7.30% p.a. interest, starting with just Rs. 15,000. A smart way to grow your savings without risk. Open FD.

2. Equity Mutual Funds: Growth with Market Potential

Equity mutual funds invest in stocks and have shown strong performance in the long run, especially if you stay invested for 5+ years. They’re ideal for wealth creation goals like buying a house or funding higher education.

  • Potential for higher returns

  • Best suited for long-term horizons

  • Professionally managed by fund experts

3. Public Provident Fund (PPF): Tax-free and secure

PPF is a government-backed savings scheme with a 15-year lock-in. It offers stable, tax-free returns and is perfect for long-term financial planners.

  • EEE (Exempt-Exempt-Exempt) tax benefits under Section 80C

  • Assured interest compounded annually

Want similar assured returns without locking in your funds for 15 years? A Bajaj Finance FD lets you choose a flexible tenure and still enjoy competitive rates. Book FD.

4. National Pension System (NPS): Retirement-focused growth

NPS is a market-linked retirement scheme combining equity and debt. It offers attractive tax benefits along with a stable retirement income.

  • Tax benefits up to Rs. 2 lakh annually (Section 80C + 80CCD)

  • Balanced growth via equity and debt mix

  • Regular pension after retirement

Fixed Deposit

  1. Trusted by over 5 lakh customers
  2. Fixed Deposits worth more than Rs. 50,000 crore booked
  3. Rated CRISIL AAA/STABLE and [ICRA]AAA(STABLE)
  4. Up to 0.35% p.a. extra interest offered for senior citizens
  5. Flexible interest payout options available - Monthly, Quarterly, Half-yearly, Annually or at Maturity

By proceeding, you agree to our Terms and Conditions

5. Real Estate: Wealth and passive income

Real estate has traditionally been a wealth builder, offering both capital appreciation and rental income. However, it requires higher capital and has lower liquidity compared to other savings instruments.

  • Long-term growth potential
  • Passive income through rent

6. Bonds: Predictable and safe

Government and corporate bonds are ideal for conservative investors looking for steady income. They provide fixed returns with relatively lower risk.

  • Low-risk, predictable income
  • Suited for retirees or cautious savers

7. Systematic Investment Plan (SIP): Small but powerful

SIPs allow you to invest a small amount regularly in mutual funds. Over time, compounding and rupee cost averaging make them highly effective for wealth building.

  • Start with as little as Rs. 100/month
  • No need to time the market
  • Great for first-time investors

Just like SIPs help you grow small investments into wealth, an FD can help you grow a lump sum with complete safety. Bajaj Finance FD lets you plan payouts monthly, quarterly, half-yearly, yearly or at maturity. Check latest FD rates.

Why growing your savings matters

  • Emergency Protection: A strong savings pool safeguards against job loss, health expenses, or unforeseen crises.
  • Wealth Creation: Compounding ensures even small amounts grow into sizeable sums over time.
  • Achieve Life Goals: From buying a home to funding travel, savings help turn dreams into reality.
  • Tax Efficiency: Products like PPF and NPS offer tax benefits, while FDs provide stable, taxable returns.
  • Retirement Security: The earlier you begin, the more financially free your retirement years will be.

If you are looking for security + growth, Bajaj Finance FD is a simple, AAA rated, market-proof choice to safeguard your future. Book FD.

Fixed deposit variants

Highest Credit Ratings | Trusted with over 1.4 million Deposits | Assured Returns on FD
Recommended

Fixed Deposit - 60 Months

INTEREST RATES UP TO
7.30% p.a.
Invest Online

Fixed Deposit - Senior Citizen

INTEREST RATES UP TO
7.30% p.a.
Invest Online

Fixed Deposit - Age below 60

INTEREST RATES UP TO
6.95% p.a.
Open FD

Fixed Deposit - Minor

INTEREST RATES UP TO
6.95% p.a.
Open FD

Fixed Deposit - HUF

INTEREST RATES UP TO
6.95% p.a.
Open FD

Fixed Deposit - Sole Proprietor

INTEREST RATES UP TO
6.95% p.a.
Open FD

How to get started today

  1. Define your financial goals—emergency fund, home, retirement.

  2. Assess your risk appetite—FDs/bonds for low risk; equity for growth.

  3. Diversify across instruments instead of depending on one.

  4. Track and rebalance periodically.

  5. Stay consistent—small, steady investments build wealth faster than irregular large ones.

Also Read: Ways to double your money

Conclusion

Growing your savings is not about chasing the highest-return scheme. It is about balancing security and growth, making steady contributions, and aligning investments with your goals. Whether you prefer safe options like Fixed Deposits or growth-driven tools like mutual funds, consistency is the real game-changer.

With Bajaj Finance FD offering up to 7.30% p.a. interest, you get the assurance of guaranteed returns with flexible tenures. It is a simple way to keep your savings working for you—without worrying about market ups and downs. Open FD account.

Calculate your expected investment returns with the help of our investment calculators.

Investment Calculator

Fixed Deposit Calculator

SSY Calculator

Public Provident Fund Calculator

RD Interest Calculator

EPF Calculator

Gratuity Calculator

 

Frequently asked questions

What is the fastest way to grow savings?
The fastest way to grow savings is by investing in high-return options such as equity mutual funds, stocks, or real estate. While these investments carry higher risks, they offer significant growth potential over time. It’s essential to diversify investments to mitigate risks while aiming for high returns in the shortest time.

What is growth savings?
Growth savings refer to the practice of saving money in investments that offer high returns over time, with the primary goal of growing wealth. These savings are typically invested in assets like equity mutual funds, stocks, or growth-oriented bonds. Unlike traditional savings accounts, growth savings focus on capital appreciation rather than interest.

Why should I consider FDs for growing my savings?

FDs offer guaranteed returns at a fixed interest rate, making them ideal for those who prefer low-risk investments. With Bajaj Finance FD, you can earn up to 7.30% p.a. and choose tenures that suit your goals. Book an FD.

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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 referhttps://www.bajajfinserv.in/fixed-deposit-archivesThe 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 theFD calculatorthe actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.

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