Benefit from high FD rates and meet your investment goals with ease

In view of the festive season and the additional expenses that come along with it, you shouldn’t neglect savings. Start working towards securing your financial well-being with goal-based savings.

This is an investment strategy where the primary aim is to meet your life goals instead of outperforming the market. These could take the form of financing a child’s higher education, building a retirement fund, saving for international travel, or simply creating a safety net for unexpected events.

It is advisable to include fixed-income assets in your portfolio to get the maximum benefit of deposit safety, making it perfect for risk-averse investors. However, simply parking your funds in the bank is not the ideal strategy to combat inflation. It is better to create a reliable investment portfolio. You can benefit from high FD rates when you opt for the Bajaj Finance Fixed Deposit. Here’s how you can plan to achieve your financial goals by investing in a fixed deposit:

Benefit from attractive FD rates

Bajaj Finance offers generous FD interest rates that go up to 6.50% for citizens below 60 years and 6.75% for senior citizens. Online investors below the age of 60 get a rate benefit of 0.10% and, therefore, earn up to 6.60%. Being a fixed-income instrument, it allows you to predict your returns reliably. You can use the Bajaj Finance FD calculator to plan your investment.

Here’s a look at how your savings can grow over a longer tenor.

If you’re a citizen below 60 years investing online

If you’re a citizen above 60 years of age:

Stable returns 

Bajaj Finance FD carries CRISIL’s FAAA rating and ICRA’s MAAA rating, the highest in their respective categories. This is ideal for investors looking to avoid sub-par returns or, at any rate, loss of capital. Some investors who adopt a goal-based investing strategy allocate 50-90% of their portfolios to fixed-income assets. Bajaj Finance provides a favourable blend of stability and FD interest rates, and you can use its FD to build a stable portfolio.

Benefit from multiple liquidity options

With Bajaj Finance, you can opt to receive payouts on a monthly, quarterly, half-yearly, or annual basis. This is very useful for those whose financial goals include recurring expenses such as EMIs, education expenses, etc. During a financial crunch, you can also opt for a loan against your FD to keep your investment running while obtaining liquidity of up to 75% of its value. If required, you can also withdraw funds prematurely after the 3-month lock-in period.

Start with your monthly budget and a systematic deposit plan

An excellent place to start with goal-based investing is your monthly budget. You can set aside a portion each month for a particular life goal. For a safer alternative to the SIP, start a Systematic Deposit Plan. Here you make contributions of Rs 5,000 or more each month, and each one goes towards a new FD. If you choose a:

● Monthly maturity scheme: You can have between 6 and 48 deposits having the same tenor. Once the first deposit matures, you obtain liquidity every month.

● Single maturity scheme: Your deposits all mature on a single, fixed date. The tenors of your deposits are adjusted so that you obtain a lump sum.

With the systematic deposit plan, you can earn more with high FD rates and benefit from stability along with a suite of other features. For seamless investing, your monthly contributions are automated via a NACH mandate.

Considering how fixed deposit is an excellent ally for goal-based saving, invest in a Bajaj Finance online FD. You can do so from home within a few minutes while benefiting from the best FD interest rates.