Reasons to invest your bonus in a Bajaj Finance Online FD
Update: May 3, 2021 2:28 PM STI
Pune (Maharashtra) [India], May 3 (ANI / NewsView): The start of a new month often comes with the joy of hitting your monthly salary. With long-awaited ratings and bonuses widely credited, it can be tempting to splurge and treat yourself to some extravagance, but it would be a more prudent choice to invest some of your hard-earned income.
You have to focus not only on saving money, but also on growing your wealth. There are a multitude of investment instruments that facilitate growth, each with their respective risks. Amid the sea of uncertainties and volatile market movements, fixed deposit has proven to be a haven for investors.
A fixed deposit is an investment option that earns interest on savings parked with a preferred financier. One can choose to obtain returns on a periodic basis or at maturity.
Reasons to choose Bajaj Finance Online FD
Fixed deposit plans are offered by post offices, various banks and non-bank financial companies. With many options available, keeping the excess premiums received in a simple and safe option could be a difficult task. Here’s why investing in a Bajaj Finance FD can be a smart move.
Simple and credible investment platform
There is no need to suffer from the exhaustion of waiting in long queues, as investments can be Bajaj Finance Online FD plans from the comfort of his home. Bajaj Finance’s online FD form and cKYC document verification process will improve the overall experience. An additional 0.10 percent FD interest rate can be achieved by using this end-to-end paperless investment procedure.
In addition, the flexible lockout period allows a tenor to be set between 12 and 60 months, giving them the freedom to customize their FD plans to suit their needs. To confirm the returns that apply to Type FD and that the Tenor has decided to go, they can visit the Fixed Deposit Calculator page available on the Bajaj Finserv website.
Obtain substantial returns to maturity
To earn generous returns at maturity, invest in a Bajaj Finance FD. This is because the fixed deposit rates offered by post office FDs and bank FDs are much lower than the FD rates associated with Bajaj Finance FD plans. To verify the same, here is an example.
Consider an amount of Rs. 15,000,000 are invested for a period of 5 years in an online FD from Bajaj Finance which locks in the amount invested at interest rates of up to 7.10% *. The returns of each of the investment instruments are shown in the table below:
Seniors can benefit from an additional rate of 0.25%, regardless of the mode of investment they choose.
The same amount may also be invested for the same content in a non-cumulative fixed deposit plan by Bajaj Finance, at its convenience and future needs, to meet its recurring expenses. The table below shows the periodic interest options and earnings that a Bajaj Finance Online Non-Cumulative FD can provide:
To check returns with other values of the chosen deposit amount, interest rate and tenor, one can use the Calculator FD which you can find on the official Bajaj Finserv website.
Easy liquidation and staggering of deposits
It is recommended that deposits be staggered, rather than investing all savings in one fixed deposit, if easy liquidation is what one is aiming for. This not only allows them to balance the effect of fluctuating interest rates on their deposits, but also helps them collect the returns of multiple FDs and deposit them in a high paying fixed deposit in the future.
This multi-deposit function allows you to invest in several fixed deposits at the same time. In addition, the choice of the selection of the content, amount and type of FD would be at their disposal.
Bajaj Finance Online FD is a haven for investing profits. This can be verified from the high credit scores it has received from CRISIL (FAAA) and ICRA (MAAA), which are the major credit rating agencies in India.
7.10% * – This rate applies to non-seniors who apply online.
Bajaj Finance Limited, the loan company of Bajaj Finserv Group, is one of the most diverse NBFCs in the Indian market serving more than 44 million customers across the country. Based in Pune, the company’s product offering includes sustainable consumer loans, lifestyle finance, digital product finance, personal loans, home equity loans, small business loans, home loans, credit cards, two and three wheel loans, commercial / SME loans Loans, securities lending and rural finance which includes gold loans and vehicle refinancing loans as well as fixed deposits. Bajaj Finance Limited is proud to hold the highest FAAA / Stable credit rating for any NBFC in the country today.
To learn more, visit: www.bajajfinserv.in.
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