If you are planning to invest in fixed deposits choose a different tenor for each deposit. This is called laddering deposits that makes your investment more liquid and also gives you a chance of reinvesting returns at a higher rate when the FD interest rate increases.
Bajaj Finance FD is offering high interest rates of up to 7.05%. Along with the highest FD rates , you also get the option of investing in multiple FDs with a single cheque. The tenor for each deposit along with the amount and FD type can vary as per your financial requirements. Laddering FDs becomes much easier due to this facility. You should only rely on the instruments offered by reliable companies and banks. Checking the credit ratings is an important barometer when it comes to validating the trustworthiness of a financial institution. Similarly, some investments are riskier than others. You May Also Like: IMPORTANT TIPS TO INVEST MONEY FOR THE FIRST TIME
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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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