Maximize the return on your savings by investing in an online FD from Bajaj Finance
Update: June 11, 2021 12:13 STI
Bombay (Maharashtra) [India], June 11 (ANI / NewsView): In recent years, there has been more emphasis on the need to save. It is therefore important to understand why savings occupy such a preponderant place in any financial dialogue.
The future may hold several surprises that could require financing. It is a known fact that finances cannot be generated overnight, it takes years of meticulous planning and choosing the right investment tools.
Financial experts suggest that every individual should ideally have savings, the amount of which should be able to finance them for the next 6 to 12 months. Aside from emergencies, saving for future goals is just as important, whether business or personal. Setting financial goals becomes easier with the presence of substantial savings.
Reasons to invest in a Bajaj Finance online fixed deposit
Finding high-yielding investments in an economic regime of low interest rates and uncertain market movements can be quite difficult. Also, to make savings grow, it is ideal to go for a low risk option that is unaffected by market volatility and offers decent returns. Secure investment plans, such as Bajaj Finance Online FD, offer investors a low-risk, easy-to-invest option. Investors can enjoy attractive and assured returns of up to 6.75%, all from the comfort of their own homes.
Attractive FD rates
Bajaj Finance FD offers some of the best FD rate up to 6.50% for non-seniors, with an additional rate advantage of 0.10% for investing online. Seniors who wish to invest in a Bajaj Finance FD can benefit from an additional 0.25% on top of the base rate. Higher interest rates make this tool a lucrative option for investing your hard-earned savings.
To understand how to maximize their savings with Bajaj Finance FD, consider investing Rs. 20,000,000 in principal for 3 years. Below is a tabular representation of the yields to maturity.
As the table suggests, one can earn substantial gains at maturity. This amount at maturity can be used to fund emergency expenses or to meet specific financial goals.
Flexible payment option
As part of a non-cumulative fixed deposit, interest payments may be received periodically. This can be done on a monthly, quarterly, semi-annual or annual basis, depending on individual needs. Periodic payment options are particularly useful for seniors who do not have an active source of income after retirement.
Loan against FD
With Bajaj Finance, you can withdraw your fixed deposit prematurely, in an emergency. Bajaj Finance offers an easy loan against FD, where the investor can qualify for a loan against their FD up to 75% of the amount invested. The process of facilitating a loan against FD is undertaken with minimal documentation, prompt processing, and at no additional cost.
Easy online investment process
Bajaj Finance Online FD scores high on Ease of Operations and Logistics. The whole process of investing in a FD Bajaj Finance can be done through a simple online application process via desktop or mobile, without having to wait in long lines and submit multiple documents for verification. For today’s tech-savvy millennials, there’s nothing better than a quick-to-materialize virtual transaction.
With the growing emphasis on savings, knowing where and how to park your money becomes all the more crucial. This fixed deposit is an excellent choice to invest your earnings, as it offers the greatest deposit security. Bajaj Finance FD has been accredited with the highest safety ratings of (FAAA) and (MAAA) respectively by CRISIL and ICRA, which are the leading credit rating agencies in India.
With the advantage of the highest safety ratings and a host of other perks, it is safe to say that Bajaj Finance Online FD is a strong preference for people looking to find good investment options to do grow their savings.
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