Fixed deposits also known as term deposits are stable investment options as they offer fixed returns and stability irrespective of whether you choose a short or long term. Also, reinvest the FD returns for multiplying the interest income over a longer tenor.
The term deposit interest rates have gone down especially when it comes to bank FDs. For gaining high returns, invest in Bajaj Finance FD that offers an FD interest rate of up to 7.05%. It is a safe investment alternative as CRISIL and ICRA have recognized it for providing safety to the investor’s capital. You can determine the returns exactly using an FD calculator. An online FD form helps you open an FD account with ease and you also get a 0.10% higher interest rate for investing online. A 0.25% higher FD rate is applicable if your age is over 60 years. Bajaj Finance FD allows you to borrow a loan up to 75% of your FD value. You May Also Like: Which are the Ideal Long-term Investment Options in India?
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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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