People with some savings or some surplus money can count on a fixed deposit scheme to work as a sound financial vehicle.
If you talk of the Indian investors over the years, you will find that they have a reliance on FDs more than mutual funds, stocks and more. It’s because a fixed deposit scheme provides better safety and stability.
Thus, if you are an individual who likes to invest some of the savings in a fixed deposit plan, opt for a non-banking fixed deposit (NBFC) scheme such as Bajaj Finance.
Bajaj Finance Fixed Deposit Scheme Has Benefits Galore!
Bajaj Finance’s FD (Fixed Deposit) scheme is laced with multiple benefits that will help you manage your investment ROIs better in 2018. Let’s provide you some vital inputs.
- You could Take Home a Higher FD Interest Rate
Opening a fixed deposit account with a leading non-banking finance company (NBFC) such as Bajaj Finance lets you grab a higher FD interest rate on your investment. Standard citizens can avail a 7.85% interest while senior citizens manage to take the icing of the cake at 8.10%. Thus, if you have some money in your bank’s savings account, you are losing out on a bigger share of the interest gains of an FD.
- You Could Manage to Streamline your Expenditure
Did you know that having a fixed deposit account can help or force you to streamline your expenditure? Yes, by altering your costs to income ratio, you can easily learn to avoid spending on unwanted items, so that you have some money in case of an urgent situation. A fixed deposit scheme of Bajaj Finance is ideal for individuals with businesses which need adequate cash flows to run their daily operations. Hence, a fixed deposit account helps you face any unfavourable financial situation if you have a cash shortage. On the other hand, a fixed deposit account is also helpful for any age investors who are willing to save for personal goals/reasons.
- The Double Whammy of Flexibility and Liquidity
When you open a fixed deposit with Bajaj Finance, it will also help you a certain level of flexibility. Yes, a fixed deposit is a ‘fixed’ deposit, but you can avail the benefit of withdrawing some figure for any urgent needs and unexpected situations. Yes, you will have to pay some amount as penalty for withdrawing the FD before its maturity. However, it’s better to have some money when in need as compared to not having cash at all.
- A Loan Against Fixed Deposit Facility
Other than breaking your FDs prematurely and paying a charge, why not let the FD keep earning the fixed profits and still give money in unexpected situations? Yes, that’s possible! You can avail a loan against your fixed deposit amount at a lower rate of interest and a longer tenor availability to help you pay reduced EMIs.
Other than these significant benefits, Bajaj Finance also provides some other FD benefits such as:
- Online account access – You can access all information of your FDs right from anywhere and stay updated on your interest rate, maturity date and more.
- Online FD Calculator – The online FD calculator is a practical financial tool that gives an accurate estimate of the interest earnings of an FD investment as well as the amount earned at maturity.
- Service in 200+ cities – You can apply online for a Bajaj Finance fixed deposit account in more than 200 Indian cities to serve you.
The Bottom Line
If you are willing to apply for an FD account, doing it with Bajaj Finance should be beneficial. An FD investment will easily help you manage your future finances! All the best!
