Pune Maharashtra India January 15 ANI NewsVoir Emergencies often come unannounced and can put a huge strain on one's savings. It is always better to keep aside some money and build a contingency corpus in order to secure one's finances. A fixed deposit from Bajaj Finance is a good choice for investors with low risk appetite looking for secured returns. In an emergency, investors can get steady savings and liquidity by investing in this instrument.
When investors are faced with high market volatility, choosing a safe investment option like Bajaj Finance Fixed Deposit can help grow their savings. Even before they invest, using a fixed deposit interest rate calculator can help investors calculate their returns, maturity amount and date.
Investing in a high-yielding company like Bajaj Finance Limited BFL comes with a host of benefits such as:
Bajaj Finance Limited offers investors high returns on fixed deposits up to 6.80 per cent p.a., while senior citizens earn up to 0.25 per cent more. With a minimum investment of just Rs, investors can book an FD with the company. The key to building a large corpus is to stay invested for a longer tenor. For example, the below table shows how an investor under the age of 60 invests Rs. 5 lakh will benefit from different tenors of 1, 3 and 5 years.
There is a flexible tenor and payout option.
The company gives investors the option to choose a tenor based on their preference, ranging from 12 months to 60 months. The company also offers periodic payouts to help investors fund other expenses. An investor can choose monthly, quarterly, half-yearly, and annual payout options according to one's requirement. If investors are lucky enough to save interest until maturity, they can enjoy compounded growth on their investments.
There is no need to worry about long lock-in periods with Bajaj Finance. After a short lock-in of just three months, investors are free to withdraw the invested funds. Bajaj Finance also offers a loan against FD, where one can get a loan of 75 per cent of the FD value while continuing the earnings on one's investment. Fixed Deposit is a good emergency fund that offers high returns and investment security.
Monthly savings with Systematic Deposit Plan are provided by the systematic deposit plan.
Bajaj Finance offers the Systematic Deposit Plan SDP, which allows one to invest in small monthly deposits starting at just Rs. 5000 per month. An SDP is a SIP-like instrument where a separate FD is created for each monthly investment. One can ladder their savings by investing in an SDP. The investors can opt for a Monthly Maturity Scheme or a Single Maturity Scheme.
A safe and secure investment is what you want to do.
For those who are looking for a safe, secure, and incredibly low-risk investment, Bajaj Finance online FD is one of the best options in the market. This investment tool helps balance out one's portfolio with its high FD rates and keeps it at bay from market volatilities, and gradually builds a steady emergency corpus over time, backed by CRISIL and ICRA's FAAA and MAAA ratings.
The story was provided by NewsVoir.