Pune Maharashtra India NewsVoir It requires disciplined planning saving and investing to achieve short or long-term financial goals Choosing the right investment instrument should be based on financial goals risk appetite return expectations and liquidity requirements which can be challenging given the dynamic market movement and a low-interest rate regime across most savings products Investors seeking the dual benefit of deposit safety and secured returns can consider investing in a Bajaj Finance online FD This corpus can also save the day in emergencies or unforeseen liquidity requirements Reasons why one must consider investing in a Bajaj Finance online FD to meet their financial goals Attractive returns Bajaj Finance offers high FD rates for all investor types Citizens under 60 and senior citizen investors can get interest rates of up to 680 and 705 respectively It helps investors build an adequate rainy-day fund Look at the following tables for a better idea of the potential earnings 1 Citizens aged below 60 Deposit amount Tenor Interest rate applicable Total earnings Rs 2 lakh 24 months 640 Rs 226417 Rs 3 lakh 60 months 680 Rs 416848 2 Senior citizen Deposit amount Tenor Interest rate applicable Total earnings Rs 2 lakh 24 months 665 Rs 227482 Rs 3 lakh 60 months 705 Rs 421750 As the table suggests a longer tenor yields higher returns With secured returns on ones deposit Bajaj Finance online FD can be a preferred investment tool for individuals looking to finance their plans Convenient online investment process One can skip lengthy queues and arduous documentation processes by investing in a Bajaj Finance online FD and starting their investment journey within minutes Individuals can invest from the comfort of their homes Small monthly savings One doesnt need a lump sum amount to invest in a fixed deposit Investors can now build their corpus by making small monthly contributions with the Systematic Deposit Plan SDP An SDP is a monthly savings scheme that lets one earn generous returns by depositing small amounts every month starting with just Rs 5000 Each deposit is treated as a separate FD and the amount is auto-debited on a pre-selected date every month from the depositors account SDP offers two variants for payout options Single Maturity Scheme and Monthly Maturity Scheme If one wishes to get a lump sum at maturity the Single Maturity Scheme is wise Hassle-free loan against FD during emergencies Besides providing an avenue to augment ones wealth Bajaj Finance also offers the benefit of liquidity If one needs funds urgently they can get a loan against their FD within minutes Investors can get up to 75 of the deposit value as a loan and address their need for funds Alternatively investors can prematurely withdraw their FD Bajaj Finance online fixed deposit is a haven for investing earnings High credit ratings from CRISIL FAAA and ICRA MAAA also assure you of increased safety of your deposit Armed with the necessary information one can now make an informed decision and invest in a Bajaj Finance online FD to achieve their financial goals Image Plan financial goals by investing in a Bajaj Finance Online FD PWR PWR

Pune Maharashtra India NewsVoir When planning finances it is crucial to account for unexpected expenses These occur without any warning in most cases and if one doesnt have a safety net in place it could become a cause of concern To deal with the costs one may have to dip into their savings or even liquidate assets One smart way to avoid this is to create a contingency fund earmarked for such circumstances With it individuals can deal with situations that require immediate funds without taking on the stress of arranging for money Read on for further insight on the benefits and challenges of creating a contingency fund Benefits of having a contingency fund Besides safeguarding assets a contingency fund has several other benefits These include It helps avoid bad debt Inculcates a healthy habit of saving money Minimises stress during emergencies It eliminates the need to rely on savings Challenges of creating a contingency fund Putting aside money for an emergency isnt easy and requires financial discipline It takes time and proper planning to get the desired results For instance it isnt enough to simply put aside money into a savings account While this can work inflation will eventually erode the value of that corpus Secondly it can be hard to justify giving up certain luxuries in the present to put aside money to secure oneself against an unknown emergency Lastly one may have to lower savings for retirement to put aside money for emergencies One effective way of investing money is in a safe and reliable instrument like a fixed deposit One can safely build a corpus with virtually zero risk with trusted options like a Bajaj Finance Fixed Deposit To know all about the features of this FD that can help investors build a contingency fund read on Affordable minimum deposit amount One can start a Bajaj Finance Fixed Deposit with a minimum investment of just Rs 25000 In many other instruments the minimum deposit amount can be significant which leads one to lose out on the opportunity cost of funding But that isnt the case with a Bajaj Finance FD and it is an aspect that helps one get started earlier and enjoy sizeable returns given the benefit of interest compounding Attractive FD interest rates Bajaj Finances offers high FD rates for all investor types Citizens under 60 and senior citizen investors can get interest rates of up to 680 pa and 705 pa respectively something that helps investors build an adequate rainy-day fund Look at the following tables for a better idea of the potential earnings 1 Citizens aged below 60 Deposit amount Tenor Interest rate applicable Total earnings Rs 2 lakh 24 months 640 Rs 226417 Rs 3 lakh 60 months 680 Rs 416848 2 Senior citizen Deposit amount Tenor Interest rate applicable Total earnings Rs 2 lakh 24 months 665 Rs 227482 Rs 3 lakh 60 months 705 Rs 421750 Credible investment option Bajaj Finance FD is one of the most stable instruments in the market today It has the CRISIL FAAA and ICRA MAAA ratings These indicate that the FD is entirely safe and the investors money is secured throughout the tenor One can invest freely without worrying about defaults Loan against FD facility An emergency fund exists to make money available when one needs it the most With Bajaj Finance FD investors can quickly meet their cash requirements without breaking their FDs Bajaj Finance offers the facility of a loan against FD where one can avail of a loan up to 75 of the invested amount A healthy contingency fund is essential in safeguarding ones finances for a crisis and the Bajaj Finance online Fixed Deposit is an ideal tool to build this emergency fund steadily ImageInvest in a Bajaj Finance Fixed Deposit to create a contingency fund PWR PWR