Mumbai (Maharashtra) [India], April 8 (ANI): In the first monetary policy review of the financial year 2022-23, the Reserve Bank of India (RBI) on Friday kept key policy interest rates unchanged for the 11th time in a row and sharply raised inflation projection and lowered growth forecast due to disruptions caused by the Russia-Ukraine conflict.

Pune Maharashtra India NewsVoir When it comes to building wealth or augmenting ones income investing is the best bet Experienced investors often have diversified portfolios They invest in various asset classes some of which may be low-risk-moderate-yield options others high-risk with the potential for high yield Ultimately it boils down to risk appetite and in most cases risk and return are inversely proportional However financial tools like a fixed deposit are low risk and still promise reasonable returns Banks non-banking financial companies and the post office offer these instruments Each has its own merits Investors must choose the tool with the highest rate for maximum returns Here NBFC FDs may be the best option as they have higher FD rates usually surpassing the competition Read on to know more FD interest rates offered by financial institutions Comparing FD interest rates from top financial institutions is the first step to maximising returns Knowing where one can get the best rate and how it compares to the others can help one make a more informed and calculated decision The FD interest rates in India rely on the RBI regulations Repo rate cuts by the RBI brings down the interest rates offered by commercial banks This in turn diminishes the receivable returns on maturity However Bajaj Finance being an NBFC is not directly controlled by the central bank It remains relatively immune to the changes brought about by the cuts in policy rates Hence Bajaj Finance online FD is more rewarding compared to other FD plans offered by banks or even post offices Bajaj Finance offers some of the highest FD rates in India Citizens below 60 can get up to 680 on their deposits and senior citizens can yield returns up to 705 irrespective of the investment mode Higher interest rates compared to other fixed deposit instruments Aside from financial institutions one can also invest in a Post Office Fixed Deposit The Government of Indias Department of Posts offers this instrument and is another lucrative option to consider Much like other fixed deposits interest is compounded annually Anyone can invest in these FDs except NRIs The FD interest rates here range from 550 to 670 across tenors of 1 to 5 years Based on the FD interest rates from some of the top offerings in the market it is clear that the Bajaj Finance Fixed Deposit is a wise choice when ones looking to maximise returns or even enjoy a comfortable investing experience This instrument has several other benefits and features apart from the high FD rates making it a worthwhile investment option Affordable minimum deposit amount With the Bajaj Finance FD one doesnt have to save for months before investing The minimum deposit amount is Rs 25000 allowing one to start their investment journey sooner An easily accessible instrument for all investors Anyone can invest in a Bajaj Finance Fixed Deposit Citizens above 18 years Hindu Undivided Families HUF societies partnership firms group companies sole proprietorships clubs associations family trusts and NRIs can all invest Note that NRI investors must have an NRO account and be over 18 years old Flexible tenor options With this fixed deposit investors have the freedom to tailor their investments to suit their financial goals Pick a tenor that ranges anywhere between 12 and 60 months and enjoy attractive returns all through The best part is that it is a viable option whether one has short-term or long-term goals to achieve On comparing FD interest rates and features it is clear that Bajaj Finance online FD is the way to go With the highest ICRA FAAA and CRISIL MAAA ratings it is indeed a safe and secured option one can choose Whats more it has digital provisions such as an online paperless investing process and even accepts payments through net banking or UPI Invest online and build wealth in just a few minutes PWR PWR