As the Government begins its second term, all eyes are on the country’s economic growth and on the tax reliefs promised in the Interim Budget. However, as an investor, you may want to steer clear of index fluctuations that may come with 2019’s main budget and invest in the stable instead. In fact, after the RBI’s third successive repo rate cut, you should consider making the most of the high interest rates today.
Here’s more on the benefits you get, when investing in this FD now.
2019 Union budget will help you claim TDS you pay on FD returns
Reports have it that the Union budget, due to be tabled on July 5, will retain the Interim Budget’s proposal for a full income tax rebate for annual incomes up to Rs. 5 lakh. This will enable you to submit Form 15G or Form 15H to reclaim the TDS cut on your FD returns, in case you don’t fall under the taxable slab.
Bajaj Finance FD offers up to 53% returns on investment
Bajaj Finance Fixed Deposit offers you some of the best FD interest rates, up to 8.95%. Below are the returns you can get here.
For new customers:
For senior citizens:
The change in repo rates mean that now’s the time to invest in FDs
Cut three times this year already, the repo rates stand at 5.75% now. Additionally, with a further rate cut a possibility, its best to lock-in at a high rate as FD rates tend to drop when the repo rate dips.
Moreover, after DHFL put restraints on premature withdrawals and FD renewals, you may question the safety of company FDs. Nevertheless, you have no reason to worry as Bajaj Finance FD has the highest credibility ratings of FAAA by CRISIL and MAAA by ICRA, thereby assuring you of timely returns sans defaults. To begin this investment, today. An executive will call you and help you set up your investment quickly.