BackHow the Bajaj Finance FD rates offer new investors a hassle-free investment
Read on to know how you as a new investor can capitalise on the best FD rates and invest hassle free
PremiumAs a new investor, your main goal is to maximise your earnings with a fixed deposit. For this, Investing your savings or any surplus funds is a better choice than leaving your funds idle. As a new investor, fixed deposits are a must in your portfolio. They offer you lucrative returns unaffected by market fluctuations and do not require any monitoring from your side.
Simply select the best FD rates and book your deposit for a tenure of your choice. FDs also offer better earnings compared to the meagre returns you would get with your surplus in a savings account.
For some of the best FD rates, you can check out the Bajaj Finance FD, which offers interest up to 7.95% p.a. You can start your investment with just Rs.15,000 and generate high returns. All you need to do is forecast your earnings using an FD interest calculator.
Read on to know how you as a new investor can capitalise on the best FD rates and invest hassle free.
Enjoy high returns by booking an FD for a long tenure
Consider three crucial factors: your investment amount, the tenure and the payout frequency.
A lengthy tenure helps you get higher returns as they usually offer the best FD rates compared to shorter durations.
Then, proceed to pick the cumulative payout mode. Investing in a cumulative FD helps you earn maximum benefit thanks to compounding of the interest at specific intervals. Here, your interest accumulates and is paid out with the principal amount on maturity.
Thus, the smartest option is to book a cumulative FD for a lengthy tenure. This way, you can grow your corpus by locking in the best FD rates from Bajaj Finance. To evaluate this better, consider an investment of Rs.5 lakh with a cumulative payout for a non-senior citizen investor:
Disclaimer: These results are generated by the Bajaj Finance FD interest calculator
The table above clearly explains how booking an FD for a long period can help you get the best FD rates. This way you can assess your earnings before choosing a specific tenure with the help of an online FD interest calculator. All you need to do is enter the amount you are planning to invest, choose a tenure and select the payout option. Within seconds, your interest earnings are displayed, which helps you choose the best FD rates.
The table above clearly explains how booking an FD for a long period can help you get the best FD rates. This way you can assess your earnings before choosing a specific tenure with the help of an online FD interest calculator. All you need to do is enter the amount you are planning to invest, choose a tenure and select the payout option. Within seconds, your interest earnings are displayed, which helps you choose the best FD rates.
Choose special tenures and enjoy the best FD rates
You can also access the best FD rates when you book an FD for a specific tenure as indicated by the issuer. For instance, Bajaj Finance has 7 special tenures that come with higher interest rates.
Take a look at the table below:
Consider the same investment of Rs.5,00,000 with returns at maturity to compare a regular vs a special tenure:
Disclaimer: These results are generated by the Bajaj Finance FD interest calculator
As you can see, you can access superior earnings by booking your FD for a special tenure. Again, you can use an FD interest calculator to make an informed decision and increase your FD payout with ease.
Choose SDPs for periodic investment
As a new investor, saving up a lump sum to start an FD with a consolidated amount can be a challenge. You can now address this with a unique offering from Bajaj Finance called SDP. A Systematic Deposit Plan allows you to invest in FDs in a disciplined manner every month. Each monthly investment you make opens a new FD and you can choose to get your payout regularly or receive your earnings all together.
All you need to do is set aside a sum starting from Rs.5,000 as the investment amount for a minimum tenure of 12 months. Each monthly contribution books a new FD and you can earn interest at the prevailing rate. Based on your investment goals, you can have all your contributions mature in a single day or have them mature at the end of each tenor. This way, you can enjoy the flexibility of making regular monthly investments and get the best FD rates for each.
With these three tips, you can generate the maximum returns, and now you can invest in a fixed deposit from the comfort of your home. Since the Bajaj Finance FD enjoys the highest safety ratings of CRISIL AAA/STABLE and [ICRA]AAA(Stable), you can rest assured that your investment is secure. Enjoy some of the best FD rates from Bajaj Finance and grow your wealth safely!
Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same. This information does not constitute a financial advice.
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