Provident Fund is a government-managed retirement savings scheme for employees, who can contribute a part of their savings towards their pension fund, every month. These monthly savings get accumulated every month and can be accessed as a lump sum amount at the time of retirement, or end of employment. Since the provident fund money consists of a large chunk of savings, it can be used to grow your retirement corpus easily.
Besides the PF, another safe investment that enables wealth generation is the Bajaj Finance Fixed Deposit. With this provision, you enjoy the benefit of attractive FD interest rates at flexible investment tenor options. Another advantage is the Bajaj Finance online FD, which allows you to invest conveniently through a 100% digital process.
While Provident Funds are low-risk investment avenues that can help you grow your money easily, it is important to invest the PF funds in smarter investment avenues that enable you to grow your funds furthermore. Bajaj Finance Fixed Deposit is a preferred investment avenue for setting aside your funds, to multiply them.
Here’s what makes Bajaj Finance FD better than Provident Fund:
In addition to reaping benefits of attractive FD interest rates, you can also withdraw from Bajaj Finance FD after a minimum lock-in period of 3 months. You can also avail a Loan against FD easily from Bajaj Finance to fund your urgent expenses.
Investing in a Bajaj Finance FD is also easier than ever, with the facility to invest online, from the comfort of your home. With Bajaj Finance online FD, you can look to grow your savings easily, and also enjoy an additional rate benefit of 0.10% on your deposit.