Bageshwar is a picturesque town located in the state of Uttarakhand, India, nestled in the confluence of the rivers Saryu and Gomti. Renowned for its scenic beauty, rich cultural heritage, and significant religious sites, Bageshwar attracts pilgrims and tourists alike. The town serves as the gateway to some of the most revered Himalayan treks, including the Pindari and Sunderdhunga Glaciers. It is enveloped by majestic hills and offers a serene, tranquil environment. Historically, it is known for its ancient temples, most notably the Bagnath Temple dedicated to Lord Shiva, which draws visitors during the auspicious Maha Shivratri festival. Bageshwar's combination of spiritual significance and natural beauty makes it a cherished destination for those seeking peace and adventure in the lap of the Himalayas.
Fixed deposits offer a secure and stable investment option for those looking to earn steady returns. In this serene hill station, renowned financial institutions provide a range of FD schemes tailored to meet various investment goals and durations. Investors can benefit from competitive interest rates that ensure growth of their principal amount, unaffected by market fluctuations. These FDs appeal especially to risk-averse individuals, including retirees seeking reliable income streams. Most banks in Bageshwar also offer additional perks such as loans against FDs, making it a flexible option for managing financial emergencies without disrupting investment continuity.
Also read: FD Vs SDP.
Features and Benefits of Bajaj Finance Fixed Deposit
- Competitive interest rates of up to 8.85% p.a.
Bajaj Finance stands out in the market with one of the highest interest rates available, offering lucrative returns on investments that are immune to market fluctuations. - Enhanced rates for senior citizens
Senior citizens receive a boost in their investment growth with an additional rate increase of up to 0.40% p.a., making it an even more attractive option for retirees. - Credit ratings
Bajaj Finance is known for its financial stability and reliability, evidenced by top credit ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, ensuring a secure environment for your investments. - Loans against fixed deposits
Gain financial flexibility by taking out loans of up to 60% of the deposit amount on non-cumulative FDs, and as much as 75% on cumulative FDs, without the need to liquidate your fixed deposit early.
Eligibility criteria for FD
Nationality:
Resident Indians and Non-Resident Indians (NRIs),
Investor type:
- Individuals
- Senior citizens
- Minors
- Sole proprietorships
- Partnership firms
- Hindu Undivided Families (HUFs)
- Clubs
- Associations
- Societies
- Family trusts
Documents required
- PAN card
- Any KYC document (Aadhaar card, passport, Driving license, Voter ID
FD or SDP
Deciding between a Fixed Deposit (FD) and a Systematic Deposit Plan (SDP) depends on your financial goals, liquidity needs, and risk tolerance. Here is a brief overview to help you make an informed choice on whether to choose FD or SDP:
1. Fixed deposit
- Security and stability: FDs offer a fixed interest rate over a predetermined period, making them a secure investment option. The rate does not fluctuate with market conditions.
- Lump sum investment: Requires a one-time, upfront investment. Ideal for those who have a lump sum amount readily available.
2. Systematic deposit plan
- Flexibility in investment: Allows you to make monthly deposits, rather than a single lump sum. This can be easier for individuals who want to invest small amounts regularly.
- Compounding benefits: Each deposit is treated as a new FD, potentially offering varying interest rates for each deposit based on prevailing rates at the time of deposit.
- Liquidity: Since each deposit has its own maturity period, SDPs can offer staggered maturity, providing better liquidity compared to a single lump sum FD.