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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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? Fixed deposit calculator can be tracked down on the site of an FD provider. It accepts the values like deposit amount and tenor to calculate the interest income post tenor completion. In the case of non-cumulative FDs, it shows the options of interest payout and the generated amounts.
Along with capital appreciation, Bajaj Finance FD also provides a safety net for your deposits. This FD scheme has been regarded as a safe alternative by CRISIL and ICRA. It means that your investments will be stable even during an economic crisis or other issues in the market. Bajaj Finance FD lets you liquidate your investment after the deposits complete a minimum tenor of three months. You may also prefer opting for a loan against FD during an emergency. It will be a collateral-free loan that ensures that your interest earnings are steady even during an emergency or financial obligation. You May Also Like: How to Calculate the Maturity Amount of Fixed Deposits Online? A fixed deposit has the lowest risk in the portfolio of investment. Money is invested in a fixed deposit with a lock-in period and interest is given either at the end of the maturity date or as a regular payout.
Parking your investment in the correct Fixed Deposit in 2021 will ensure high fd returns on maturity and also a choice of regular interest payouts throughout the chosen tenure. To ensure high returns you must look for an FD scheme with a high-interest rate payouts For stable returns over time, investors should look for investing in Fixed Deposits. A fixed deposit is an investment to grow your savings and earn a higher rate of return than a regular savings account. It is offered by banks and NBFCs (Non-Banking Financial Companies). You May Also Like: Top companies that are offering best interest rates in FD Investment |
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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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