While interest from investment is a critical factor for investing, Fixed Deposits investments also allow people to secure loans, credit cards, and overdrafts on the basis of fixed deposits. Loans can be issued on 85% amount of the fixed deposit amount, empowering people to meet their immediate financial needs while also taking care of future expenses through investment. Other investments like equity funds do not provide such benefits to investors. Flexibility While Fixed Deposits require people to set aside the amount for a fixed tenure, it is also possible to prematurely withdraw their FD amount any point of time. However, for getting the full scope of benefit from your fixed deposits, it is advisable to withdraw amount after maturity of the Fixed Deposit Scheme. This flexibility of the investment presents benefits to many people, which is why Indians have always shown interest in fixed deposits. Awareness While newer options have started being available in the market, people have a high awareness regarding Fixed Deposits as lenders have been providing it since many years. Moreover, other investments require people to understand terms like debt equity, net asset value (NAV), etc. Simplicity is a big advantage on the side of Fixed Deposits. Get the Most Out of FDs with Bajaj Finance
Fixed Deposits are currently the best method of investing your funds with secured returns. While providing the highest security among Fixed Deposits, Bajaj Finance also provides the highest interest rates in fixed deposits, at a rate of 8.40%. You can access the Bajaj Finance website and create your FD investment account in no time. Furthermore, Bajaj Finance also provides 24/7 accessibility and an integrated FD calculator that helps you analyze the returns on your investment at maturity. While not the newest, Fixed Deposits are still one of the safest investments you can make as an Indian. Access the website now to get the highest returns. You can also refer to this link and discover the benefit of an FD over other options.
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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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