Pune (Maharashtra) [India], Oct. 18 (ANI / NewsView): Investing in a strong financial tool that is unlikely to be affected by market fluctuations is a great option for protecting your income.
As an investor, you may find it best suited to deposit your savings in the bank. However, this is not the smartest option as stable investment tools usually do not generate impressive returns. Interest rates for savings accounts vary between 2.5% and 5.5%. To get the double benefit of high yields and safe deposit, consider investing in a fixed deposit company like Bajaj Finance.
Here’s why Bajaj Finance’s online FD is a preferred investment avenue: Earn more with attractive FD interest rates. However, Bajaj Finance is one such financier who offers Here is how an investment of Rs. 20 lakh can grow for different categories of investors over a period of 60 months.
Flexible payment options A savings account pays interest in accordance with banking rules and the type of savings account. However, with Bajaj Finance FD, investors can choose to receive periodic interest payments based on their cash flow needs. Investors can receive payments on a monthly, quarterly, semi-annual or annual basis.
Loan Against CDF This feature comes in handy in a financial emergency when additional funds are required to meet specific liquidity needs. Bajaj Finance offers a loan against FD – a facility that provides a loan of up to 75% of the fixed deposit amount. No interest will be deducted using this alternative.
Easy Online Investing Process With Bajaj Finance Online, FD investors can begin their investment journey from the comfort of their own homes. Bajaj Finance offers a complete, paperless, end-to-end online application process. Individuals under the age of 60 can benefit from an additional 0.10% interest rate advantage by investing online.
Safety and Credibility Stable investment instruments like FDs protect investment portfolios from losses suffered by equity-linked investment instruments such as mutual funds and stocks. Plus, they come with the promise of secure returns and security of deposits.
Bajaj Finance FD is accredited with the highest stability rating of FAAA and MAAA from CRISIL and ICRA, ensuring that its savings are in a safe investment environment, regardless of current market risks.
Hence, one can easily invest in a. This story is provided by NewsView. ANI will not be responsible for the content of this article in any way. (ANI / NewsView)