Talking about a fitting investment vehicle that provides assured returns with the highest principal safety, the Fixed Deposit Investment has been the top choice for investors and will continue to remain so. This degree of favorability is due to several reasons - some of them are mentioned above. Above all, there’s one more reason that sustained fixed deposit as the top choice for the investor: the tax benefits on the income earned. YES! A tax saver fixed deposit scheme does offer income tax benefits to the investor but under certain conditions.
Bottom line: Before you invest in tax saver FD, you should know the minimum lock-in period is 5 years. Therefore, you must have the patience to invest. Furthermore, the exemption limit has been increased to Rs 50 thousand for senior citizens in the Budget 2018. Read More : How a Tax saving FD should help you save Tax! Confused? Visit Bajaj Finance Customer Care page to speak to our customer care representative. Have any Doubt? Read unbiased Bajaj Finance Reviews to know more about Bajaj Finance Fixed Deposit. Visit : Bajaj Finance Terms and Conditions page to know all the T&C for Fixed Deposit in India.
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For fixed deposit investments, investors have the option of going with a bank or a Non-Banking Financial Company (NBFC). Generally, people turn a blind eye towards better alternatives whenever they see the name of a popular nationalized or private sector bank associated with a financial product or service for that matter. Given below are a few reasons why, in the upcoming months of 2018, investing in a fixed deposit of an NBFC should be on your to-do list: Higher Returns Investing in a FD of an NBFC means you can earn interest of the range of 7.85%. This is for non-senior citizen investors who are younger than 60 years of age. For senior citizens investors who are beyond 60 years, this interest rate is increased to 8.10% per annum in case of FDs of NBFCs. Assured Returns
Similar to FDs of banks, your returns are guaranteed as there is no market factor in play here. So, even if the market goes from bullish to bearish or vice versa, your invested amount and interest income are always protected and assured. NBFCs are Financially Stable On doing your research, you will find lending institutions that are financially credible and stable. Stability ratings from credit rating agencies like ICRA and CRISIL will help in finding the best NBFCs to invest in. Online Account Management Certain NBFCs provide the feature of online account management for the fixed deposit. Keeping track of the invested amount has been thus made easy along with renewals and other features as well which have been made conveniently accessible. There is no doubt about the fact that a fixed deposit from an NBFC can provide inflation resistant returns, especially in the long run, that's why should open company fd for getting high returns. Confused? Visit Bajaj Finance Customer Care page to speak to our customer care representative. Have any Doubt? Read unbiased Bajaj Finance Reviews to know more about Bajaj Finance Fixed Deposit. Visit : Bajaj Finance Terms and Conditions page to know all the T&C for Fixed Deposit in India. Women, whether working or homemakers, ideally have their own savings as contingency for testing times. These savings are generally stashed away in some safe corner at home or in a savings account. Either way, the savings remain stagnant and do not earn any return or interest. It is true for the savings account as well since the income is of the range of 4% per annum. This brings us to safe but lucrative investment options for women. The best investment and savings instrument for women is a fixed deposit. Here are the top reasons why FD is the ideal investment for women working as well as non-working: Security of Funds Safety is the most important feature that women and men seek when it comes to investing their money. For most investors, irrespective of the gender, safety of the invested amount is of more importance than the returns itself. Fixed deposit for women is safe investment options as they provide assurance of both the amount invested and the returns. Great Returns
Fixed deposits provide high and assured returns of the range of 8.20% depending on the age of the investor, her relationship with the bank or NBFC and the interest payout frequency opted for. Coverage for Times of Need FDs have a lock in period and if the investor faces any requirement of money in that time, she can avail a loan against the deposit. So, instead of letting the savings lie idle, the same can be invested in a profitable FD scheme from a reputed bank or NBFC. |
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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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