When it comes to investing your hard-earned money, it’s important to balance the desire for high returns with an acceptable level of risk. While many investment opportunities offer the possibility of impressive returns, they often come with significant risks that could result in losses. However, some investment products offer a low-risk, high-return option for savers and investors, such as fixed deposit accounts.
Fixed deposits (FDs) have been a popular investment option among savers for years. They offer a low-risk investment opportunity where you can earn a fixed interest rate over a predetermined term. In exchange for this guarantee, however, you must commit to keeping your money invested for the entire length of the term.
Despite rising interest rates and market volatility, fixed deposit accounts remain an attractive investment option. Investors looking for guaranteed returns are attracted to their consistent and predictable nature. The good news is that with the Bajaj Finserv app, you can not only enjoy high returns but also experience the convenience of online FD with just a few clicks.
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Why invest in Fixed Deposit?
Fixed deposits are popular among investors who want guaranteed returns without taking any risk. Here are some of the reasons why investing in FDs is beneficial:
- Low-risk fixed deposits: FDs are one of the safest investment options for investors. You are guaranteed a fixed interest rate on your investment, which is not affected by market fluctuations. This ensures that your investment returns will not be affected by ups and downs in the market.
- Guaranteed Returns: One of the main advantages of FDs is that you get predictable returns. You know exactly how much interest you will earn on your investment, making it easier to plan your finances.
- Liquidity: Unlike other investments, FDs offer a certain degree of liquidity. Most FDs allow partial withdrawals or early exits in case of emergencies, giving you access to your money when you need it.
- Tax Benefits: Depending on the type of fixed deposit, investors can benefit from tax exemptions on the interest earned.
While fixed deposits (FDs) are a popular investment tool, there are other investment options that offer better returns and more flexibility. Some of the other investment tools are:
- Mutual Funds – Mutual funds offer high returns and diversification. They are professionally managed and are available in different types to suit different investment goals and risk appetites.
- Equity Shares – Equity shares are a type of investment in which you buy ownership in a company. The returns from investing in equity shares are usually higher than FDs in the long run. However, it carries higher risk.
- Public Provident Fund (PPF) – PPF is a government-backed savings scheme that offers tax benefits and higher returns than FDs. PPF has a minimum investment period of 15 years, which makes it a good tool for long-term savings.
- National Pension System (NPS) – NPS is a government-backed pension scheme that helps investors save for their retirement. The scheme offers tax benefits and allows investors to choose their investment options based on their risk profile.
- Real Estate – Real estate is a lucrative investment option that can offer high returns in the long run. However, it requires a substantial amount of investment, patience, and professional guidance.
Why choose Bajaj Finance for Fixed Deposit?
Bajaj Finance Limited is among the largest Non-Banking Financial Companies (NBFCs) in India. It is a trusted investment partner with a strong reputation in the financial services sector. Bajaj Finance offers you the opportunity to grow your savings with its high-interest FD accounts. Here’s why you should choose Bajaj Finance for your FDs:
- Attractive Interest Rates: With Bajaj Finance, you can enjoy interest rates of up to 8.60% p.a. These rates are significantly higher than those offered by traditional banks, providing you with higher returns on your investment.
- Flexible Tenure: Bajaj Finance offers FDs with tenures ranging from 12 to 60 months, giving you the flexibility to choose the time frame that suits your investment goals.
- Online FD Account: With digital banking becoming the new norm, Bajaj Finance allows you to invest in FDs online with just a few clicks. You can open an FD account from the comfort of your home or office, and manage your investments with ease on the Bajaj Finserv app.
- Easy Application Process: Bajaj Finance makes it easy for investors to apply for FDs, with minimal documentation requirements. You only need to provide your PAN card and address proof to apply.
- Credibility: Bajaj Finance is a credible and reliable investment partner, with excellent ratings from leading credit rating agencies such as CRISIL, ICRA and CARE. It has also been awarded the ‘FAAA/Stable rating by CRISIL, indicating that it has a high level of safety for fixed deposit holders.
How to invest in Fixed Deposit online with the Bajaj Finserv app?
Investing in FDs with the Bajaj Finserv app is a simple and hassle-free process. Here’s how you can get started:
Step 1: Download the Bajaj Finserv app
Visit the Bajaj Finserv app and select ‘Invest Now’ from the Fixed Deposit tab.
Step 2: Fill in the Application Form
Fill in the online application form with your details, investment amount, and investment tenure.
Step 3: Submit supporting documents
Submit your PAN card and address proof online. You can complete the KYC process online using your Aadhaar card or by scheduling an in-person visit.
Step 4: Transfer Funds
Transfer the funds online using Net Banking or UPI.
Step 5: Confirm your Investment
Verify the details of your investment before applying. On successful submission, you will receive an acknowledgement.
Conclusion
Fixed deposits remain a popular investment option among savers, particularly those who value low-risk and guaranteed returns. With Bajaj Finance, you can enjoy high returns on your investment, with the convenience of online FDs. As a trusted NBFC with a strong reputation in the financial services sector, Bajaj Finserv offers unmatched benefits with its digital banking platform. Take the first step towards growing your savings today by investing in fixed deposits.
