If you expect higher returns from your investments amid low interest rates and an uncertain market, then you should invest in FDs.
Best Investment Plan: The movement of the stock market is in constant up-down. Some day the market reaches a record high and some day a dive is made. There is a great need for safe investments in volatile market movements. And fixed deposits are a great option for a safe investment. Although Fixed Deposit gives lesser returns than the market, but it is definitely available. And there is no risk of losing money at all.
Keep in mind that as an investor your focus should be on choosing such products which provide high returns and adequate protection. Adopting the mantra of high returns and safety while investing will help you achieve your financial short term and long term goals.
In fact, a low-risk FD is an ideal investment option for any senior citizen, new investor and the general family that wants to save for the future. Fixed deposits are not market linked, so one can expect safe returns at the time of maturity.
If you expect higher returns from your investments amid low interest rates and an uncertain market, then you should invest in FDs.
Many banks offer good interest on their Fixed Deposit Plans. Before opening any bank FD, definitely compare the interest of other banks. And you can take the services of the bank which offers you the highest interest.
Here we are discussing the interest on fixed deposits and other facilities offered by Bajaj Finance. Bajaj Finance is offering investors the facility of online fixed deposits and attractive interest rates of up to 6.75 percent on FDs.
FD interest rates
Bajaj Finance is offering 6.75 percent interest on fixed deposits for senior citizens and 6.50 percent for new customers.
Bajaj Finance is offering a separate interest rate of 0.10 percent on investing online. If you are a new customer and make a fixed deposit of your money in Bajaj Finance through online mode, then you will get an interest of 6.60 percent. If you are a senior citizen, then you will be given an interest of 0.25 percent separately.
It can be understood in some way like this. If you are below 60 years of age and you make a fixed deposit of Rs 20 lakh with Bajaj Finance for 3 years. And if you make this investment online, after three years you will get Rs 24, 22, 711 at an interest rate of 6.60 percent.
You can deposit money every month (small monthly deposits)
If you do not have a lump sum amount to invest in fixed deposits at one go, then you can invest with Systematic Deposit Plan (SDP-Systematic Deposit Plan). can consider.
SDP is a monthly savings plan that can be started with just Rs.5,000 per month. In this plan each deposit is treated as a separate FD and the deposit amount will be automatically debited from the depository account every month on the specified date.
There are two modes of payment you can make in SDP, a single maturity scheme and a monthly maturity scheme. If you want to get lump sum amount on maturity, then you can opt for Single Maturity Scheme. And if you want to get income every month from your investment then Monthly Maturity Plan will be better for you.
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