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Secure Your Golden Years with Bajaj Finance Online FD


Secure Your Golden Years with Bajaj Finance Online FD
Secure your golden years, invest in a Bajaj Finance Fixed Deposit
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Financial security is one of the most important aspects of life post-retirement. Families must prepare for financial security early on in life as sources of regular income are curtailed when a person retires from work. One of the most popular ways of doing that is by investing in a fixed deposit.

Fixed deposit is one of the most preferred investment avenues available today. One of the reasons behind this trust is the sense of security that comes with an FD. You can be certain that your money will be safe in a fixed deposit, which is why an FD is an ideal tool for growing your retirement corpus.

Bajaj Finance is one such financier that provides investors with the dual benefit of safety and stable growth. Other than low-risk and safety of funds, there are several other reasons why a Bajaj Finance Fixed Deposit is one of the best investment instruments for individuals looking to save for their retirement.

Higher interest rates for senior citizens

Bajaj Finance Fixed Deposit offers some of the highest FD rates in India. For non-senior citizens, the applicable interest rate is 6.50%, and an extra 0.10% is offered to those who choose to invest online.  Senior citizens can avail an additional rate benefit of 0.25%, irrespective of the mode of investment.

If you choose a cumulative FD plan these rates are compounded annually. The interest, along with the principal will be disbursed to the depositor at the time of maturity.

To understand how you can create your retirement corpus with Bajaj Finance FD, consider investing Rs. 50,00,000 as a principal amount for 5 years. Given below is a tabular representation of returns at maturity for senior and non-senior citizens.

Investor Profile

Amount Invested (Rs.)

Applicable Rate of Interest (%)

Interest Payout (Rs.)

Maturity Amount (Rs.)

Non-Senior Citizen (offline)

Rs. 50,00,000

6.50

18,50,433

68,50,433

Non-Senior Citizen (online)

Rs. 50,00,000

6.60

18,82,655

68,82,655

Senior Citizen

Rs. 50,00,000

6.75

19,31,216

69,31,216

As the table suggests, you can earn up to Rs. 19,31,216 over a period of just five years. You can also use the FD interest calculator, available on the Bajaj Finserv website, for checking the interest payouts for different tenors and deposit amounts.

Additionally, you can also choose to invest in a non-cumulative FD to ensure that you meet your recurring expenses and liquidity requirements.

Let us assume you invested Rs. 30,00,000 in a Bajaj Finance FD. Under the current interest rates, here is how much you can receive through a non-cumulative FD, with an investment tenor of 5 years.

Amount Invested (Rs.)

Investor Profile

Payout Frequency 

Applicable Rate of Interest (%)

Interest Payout (Rs.)

30,00,000

Senior citizen

Monthly

6.55

16,375

30,00,000

Senior citizen

Quarterly

6.59

49,425

30,00,000

Senior citizen

Half-yearly

6.64

99,600

30,00,000

Senior citizen

Annually

6.75

2,02,500

This essentially works as a regular income source, which can be helpful post-retirement.

Loan against FD

You can easily receive credit in the form of a loan against your own FD. You can avail up to 75% of your FD amount to fund your liquidity requirements. This makes Bajaj Finance FD an attractive investment tool for investors, as they get an easy credit option in case of financial emergencies.

Laddering 

FD laddering is a highly effective investment technique, as you can invest your money in multiple FDs to maximize returns and mitigate investment risk. Laddering also provides regular liquidity for meeting unforeseen expenses and achieving specific financial goals.

Easy investment process

With Bajaj Finance online FD, you can invest in just a few minutes using a hassle-free, paperless online process. There is no need to wait in long queues, with Bajaj Finance online FD you can invest from the comfort of your home. Moreover, there is no need to constantly monitor your investment, as the fixed deposit interest rates locked in while investing remains the same throughout the tenor.

Bajaj Finance online FD is a credible investment platform. Bajaj Finance is accredited with the highest safety ratings of FAAA/Stable by CRISIL and MAAA/Stable by ICRA. Higher safety ratings are an indication of timely payments and no defaults. With this, you can be rest assured that your principal amount and steady returns are in safe hands.

Armed with this information, you can consider investing in a Bajaj Finance online Fixed Deposit to safeguard your golden years.

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