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:
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.
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.
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Visit : Bajaj Finance Terms and Conditions page to know all the T&C for Fixed Deposit in India.
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.