Investing your hard-earned money into the right instruments will help you take a safe and rewarding road towards financial security. However, mitigating economic risk and interest fluctuations is necessary to get maximum returns for your funds.
A recent study found that the inflation rate in India was around 6.2% in 2020, compared to 4.76% in 2019. As inflation continues to rise, it is important to start saving so that your corpus can fund future expenses comfortably.
In addition, market volatility makes its presence felt, with experts warning short-term investors to stay away from equity or diversify their portfolios. In this scenario, a fixed deposit is a traditional instrument that allows you to get risk-free high returns. What's more, with instruments like the Bajaj Finance Fixed Deposit, you can earn returns up to 6.75%. Here's a breakdown of the features you can access.
Invest easily in just a few steps
Keeping your convenience in mind, Bajaj Finance allows you to kickstart your investment journey online. Whether you choose to make monthly contributions via the Systematic Deposit Plan (SDP) or invest your savings in one shot, the process is simple. You can do it entirely online without having to visit a local branch. Fill the form, add your investment details, and invest. In fact, as an online investor, you get a 0.10% higher fixed deposit interest rate benefit when you start your FD online.
Get guaranteed returns on maturity
The assurance of getting back the money you have invested is a significant factor in choosing investments. Even though fixed deposits are not market-linked, checking the safety ratings of the FD you are planning to invest in is essential. With Bajaj Finance Fixed Deposit, you do not have to worry about this factor at all. It is one of the most reliable in the market as it carries ICRA's MAAA rating and CRISIL's FAAA ratings. These ratings are the highest in their respective categories and point to timely payouts at maturity and zero defaults.
Apply for a loan against your FD in case of emergencies
Bajaj Finance gives the option of seeking an online loan against FD. With this facility, one can get up to 75% of their FD's value as a loan to meet financial needs. The best part is that you continue to earn interest on your investment. Your money continues to grow in the background while you attend to your emergency. By availing of this loan, you don't have to withdraw your investment, which saves you from incurring penalties.
Stay invested easily with the auto-renewal feature
The Bajaj Finance FD is a great option even if you have long-term investment goals. For instance, this FD is an excellent option if you've come into windfall gains and are looking to set it aside for wealth generation purposes. You can opt for the tenor of your choice and then opt for auto-renewal. This way, your earnings are reinvested automatically at maturity without needing any additional intervention on your part.
Make small monthly contributions
Bajaj Finance Fixed Deposit offers the Systematic Deposit Plan, which differs from the conventional way of booking a fixed deposit. Here you don't have to secure a large corpus to invest. You can start a monthly investment and earn interest on it. This scheme works just like systematic investment plans but without any of the risk involved. This type of solution is ideal for young, salaried investors or those looking to cultivate a habit of saving money and investing. Since you only need a minimum sum of Rs. 5,000 to start an investment.
Also, each contribution you make will be treated as a new Fixed Deposit, which earns interest at the rate prevailing on the date of deposit. Depending on your goals, you can either have all your contributions mature on a single day or have them mature after their individual tenors run their course.
Single Maturity Plan
When you opt for a single maturity plan, you get returns on a single, fixed day. To make this possible, the tenor of each subsequent deposit is necessarily shorter than the previous one. You can use the simple single maturity plan calculator online to calculate returns and accurately see the funds' breakup.
Monthly Maturity Plan
In this plan, you gain liquidity every month based on your chosen tenor. You can use the SDP calculator to forecast the returns on your investment as per the amount you would like to earn every month. Check the table below to know how your salary can grow through a monthly maturity plan.
Customer type: Regular citizen investing online
Interest rate: 6.20%
With so many benefits catering to investors, make a wise choice and invest now in Bajaj Finance that offers attractive FD rates. You can plan your investment based on your convenience and start growing your money with ease and safety today.
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