Maximize your returns on savings by investing in a Bajaj Finance online FD

Saving and investing in optimal financial instruments has been an important goal for many, and for all the right reasons. The future can throw up several surprises which might require financing. It is a known fact that finances cannot be generated overnight, it requires years of meticulous planning and choosing the right investment tools. Financial experts suggest that every individual should ideally have savings, the amount of which should be able to fund them for the next 6-12 months. Apart from emergencies, saving for future goals is equally important, be it professional or personal. Setting financial goals becomes easier with the presence of substantial savings.

Reasons to invest in a Bajaj Finance online Fixed Deposit

Finding high-yielding investments amidst an economic regime of low rates and uncertain market movements, can be a daunting task. If your aim is to grow savings, you should ideally opt for a low-risk option that remains unaffected by market volatilities and offers decent returns. Secured investment plans, such as Bajaj Finance online FD, offer a low-risk, easy-to-invest option to investors. Investors can avail attractive, assured returns up to 6.75%, all from the comfort of their homes.

 Attractive FD rates

Bajaj Finance FD offers some of the highest FD rates up to 6.50% for non-senior citizens, along with an additional 0.10% rate benefit for investing online. Senior citizens looking to invest in a Bajaj Finance FD, can avail an additional 0.25% over and above the base rate. Higher interest rates make this tool a lucrative option for investing your hard-earned savings.

To understand how you can maximize your savings with Bajaj Finance FD, consider investing Rs. 20,00,000 as principal amount for 3 years. Given below is a tabular representation of returns at maturity.

As the table suggests, you can earn substantial payouts at maturity. This maturity amount can be used to fund expenses in case of an emergency or to accomplish specific financial goals.

Make small monthly deposits

If you don’t have a substantial lump sum amount to invest in a fixed deposit, then you can consider building your corpus with the Systematic Deposit Plan (SDP). SDP is a monthly saving scheme that lets you earn impressive returns by making small monthly deposits, starting with just Rs. 5000 every month. Every deposit is treated as a separate FD and deposit amount will be auto debited every month on the selected date from the depositors account. SDP offers two variants when it comes to payout options, Single Maturity Scheme and Monthly Maturity Scheme. If you wish to get a lump sum at maturity, then Single Maturity Scheme is a wise choice. But, to generate a monthly income from your investments, Monthly Maturity Scheme is a preferred option.

Easy online investment process

Bajaj Finance online FD scores high on ease of operations and logistics. The entire process of investing in a Bajaj Finance FD can be done through an easy online application process via desktop or mobile, without the hassle of waiting in long queues and submitting multiple documents for verification. For today’s tech-savvy millennials, there could be nothing better than a quick-to-materialize, virtual transaction.

With the ever-growing emphasis on savings, knowing where and how to park your money becomes all the more crucial. This fixed deposit is a great choice for investing your earnings, as it offers the highest safety of deposit.

Bajaj Finance FD has been accredited by the highest safety ratings of (FAAA) and (MAAA) by CRISIL and ICRA respectively, which are the leading credit rating agencies in India. With the advantage of highest safety ratings and a suite of other benefits, it’s safe to state that Bajaj Finance online FD stands as a strong preference if you’re looking to find good investment options to grow your savings.