A fixed deposit is an investment of your savings to earn a higher rate of return than a regular savings account. It is offered by banks and NBFCs (Non-Banking Financial Companies). A fixed deposit has the lowest risk in the portfolio of investment. Money is invested in a fixed deposit with a lock-in period and interest is given either at the end of the maturity date or as a regular payout.
Parking your investment in the correct Fixed Deposit in 2021 will ensure high fd returns on maturity and also a choice of regular interest payouts throughout the chosen tenure. To ensure high returns you must look for an FD scheme with a high-interest rate payouts
For stable returns over time, investors should look for investing in Fixed Deposits.
A fixed deposit is an investment to grow your savings and earn a higher rate of return than a regular savings account. It is offered by banks and NBFCs (Non-Banking Financial Companies).
A fixed deposit has the lowest risk in the portfolio of investment. Money is invested in a fixed deposit with a lock-in period and interest is given either at the end of the maturity date or as a regular payout.
Bajaj Finance offers lucrative opportunities for investment in Fixed Deposit and Bajaj Finance Fixed Deposit is a proven solution for falling FD rates. Apart from offering high returns, Bajaj Finance Fixed Deposit offers a flexible tenor, lets you choose your interest payment mode, avail tax benefits and easy access to loan and lets you enjoy high credibility and stability. Customers also get an extra interest of 0.25% on renewing the Fixed Deposit. Senior citizens also get an extra interest of 0.25% as an additional benefit.
For a lucrative return of Fixed Deposit Investment, banks with higher interest rates are a must. Bajaj Finance offers a money making return with an interest within the range of 5.65% to 6.50%. In 2021. Other banks including Bank of Baroda offers an interest rate of 2.80% to 5.25%, Citibank offers an interest rate of 2.40% to 3.50%, Kotak Bank offers an interest rate of 2.5% to 5.3%, IDFC Bank offers an interest rate of 2.75% to 6% and Indian Bank offers an interest rate of 2.90% to 5.25%.
Bajaj Finance also has lucrative interest rates for senior citizens. It offers senior citizens the best FD Schemes ranging from 5.65% to 6.5% compared to other banks. Bank of Baroda offers an interest rate of 3.30% to 5.75% for senior citizens while Citibank offers an interest rate between 2.90% to 4.00% for senior citizens. IDFC bank offers the same interest rate of 2.755 to 6.50% to those above and below the age of 60. Kotak Bank offers an interest rate of 3.00% to 5.80% for senior citizens.Indian bank offers an interest rate of 3.40% to 5.75% for the senior citizens
For long tenures, Bajaj Finance stands out with a 6.75% interest rate while IDFC Bank offers 6.5% interest rate in the long run. While Kotak Bank offers an interest rate of 5.80% in the long run, Bank of Baroda and Indian Bank both offer an interest rate of 5.75% in the long run. Citibank in the long run offers an interest rate of 4.00%.
To choose the best FD scheme, it is important to choose the correct scheme aligning with long-term bajaj investment goals to get assured returns.
Another thing to examine while choosing a Fixed Deposit is to look for freedom to choose regular interest payouts. Bajaj Finance holds the unique feature wherein a fixed deposit investment ensures high return on one hand and the freedom to choose regular interest payouts all through the chosen tenure on the other hand. The customers also get a taste of future benefits from FD including benefits for renewing the fixed deposit after the period of maturity is complete.
A great FD scheme will ensure the best return to your investment with the lowest possible risk.