Bajaj Finserv is one of the highest ranked in security when it comes to Fixed Deposits. Bajaj has an FAAA/Stable rating by CRISIL. Also, it’s been assessed with an MAAA(Stable) rating by the ICRA. This ensures that you get the most value and security for your money when you’re investing in FD Scheme. Senior citizens: The rate of interest is 0.25% higher for senior citizens that is the common reason to invest money in Senior citizen FDS. So if you’re close to retirement or already retired, this can be a good boost to your savings. Wide Network Bajaj Finserv has a widespread network that with over 200 locations across the country. It’s easy to find a centre near you and start investing. Online Convenience Convenience to the customer is a high priority at BFL. You have access to your fixed deposit account online through the Experia app. It’s a customer portal where you can easily manage your fixed deposit without having to visit the branch at all. Flexible Tenure Another benefit given to BFL customers is the flexible tenure option. Investors have the advantage of choosing their tenure period from 6 options. This can vary from 12-60 months. This way you can select the plan that works best for your needs. Preferential Pricing If you have a large amount of money to invest, you can get a higher rate of interest than usual plans. Bajaj Finserv preferential pricing lets you get a higher rate of interest for bulk deposits of Rs.1 crore or more. The exact numbers are decided based on your profile and market situation. Get in touch with a representative to know more about these special services. If you’re worried about taxes, then BFL takes care of that too. There are no tax deductions at source on the interest paid (up to 5000 per annum). Bajaj Finserv offer Two Schemes for Fixed Deposit to Suit the Investor's Needs 1. Non-Cumulative Scheme In this fixed deposit scheme, the investor is paid interest periodically. The payouts can be monthly, quarterly or on a yearly basis, based on the plan you want. If you are retired and need a monthly revenue, this can be a beneficial plan for you. If you’re self-employed and need another source of income, then the non-cumulative scheme can work out for you as well. It provides a steady stream of income without having to worry about whether or not you can meet monthly expenses. 2. Cumulative Scheme In this scheme, the interest is paid only on maturity of the fixed deposit. You’d get a total lump sum that includes the principal and interest amount. The interest is compounded annually. If you don’t need regular returns, then this is something that can be beneficial for you. If you’re looking for schemes just to invest or saving for retirement, this is a good scheme for you. With a long tenure, a cumulative scheme lets your money grow exponentially. Calculator If you aren’t sure of which plan suits your needs the best, you can use a Fixed Deposit interest calculator. It can help you find out the returns for the interest rate and principal that you’re going to invest. You can check your returns for the tenure that you want. You can also compare the returns of cumulative and non-cumulative schemes for various tenures using the calculator. Make informed decisions for your future investment and keep your finances healthy and growing.
1 Comment
8/1/2022 06:10:50 pm
Tiktok kaliteli Türk beğeni satın almak en güvenilir ödeme yöntemleri ile artık sitemizde mevcut. Tiktok’ta video paylaşımlarınız yeteri kadar beğeni almıyor ise beğeni paketleri ile videolarınız yüksek etkileşim sahibi olacak.
Reply
Leave a Reply. |
CATEGORY
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
|