NPS will ensure that you get a monthly pension after retirement. However, its benefits depend on the number of years you have contributed towards NPS and the performance of the bonds and stocks in which your funds get invested. Also, the liquidity options offered by NPS might not help you manage an unforeseen expense or emergency. Instead, invest a part of your income in Bajaj Finance FD and get enough returns till retirement. Apart from the high interest rate, it offers regular interest payouts. Also, it is a safe alternative that is recognized for its stability by the leading credit rating agencies of India.
With an interest rate of up to 6.75%, Bajaj Finance FD ensures that you earn enough interest income upon maturity. You can also opt for periodic returns by investing in its non-cumulative FDs. If you need a stable income alternative after retirement, you can invest a chunk of your savings in Bajaj Finance FD. It also offers a 0.25% higher FD rate to senior citizens. You not only earn an interest income high enough to manage your regular expenses but investing in Bajaj Finance Fixed Deposit is also safe as it has been credited for being a stable instrument by CRISIL and ICRA which are the most reputable credit agencies of India. FD’s have been around for decades and have proven its worth over the period of time and that is the reason why parents choose fixed deposits as an investment option. You can check out Bajaj Finserv’s Fixed Deposit option on their official website. Read more:- Retirement planning and investing in NPS
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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