Why Should Senior Citizens Invest in Bajaj Finance Fixed Deposit
Pune Maharashtra India NewsVoir Fixed deposit is one of the most preferred investment avenues available today One of the reasons behind this trust is the sense of security that comes with an FD For senior citizens investing in high-yielding debt-focused instruments like fixed deposits can ensure safety of capital and stable growth of returns over time Investors can be certain that their money will be safe in a fixed deposit which is why an FD is an ideal tool for growing ones retirement corpus While both banks and companies offer FDs one can benefit from higher interest rates by company FDs When choosing the right company FD to invest in one must make sure to invest in FDs with high safety ratings Bajaj Finance Fixed Deposit has the highest safety ratings by CRISIL and ICRA which helps investors ensure safety of capital Heres a look at some of the key benefits of investing in Bajaj Finance Fixed Deposit 1 Diversification of retirement portfolio – Bajaj Finance Fixed Deposits enable retirees to build long-term wealth by providing a stable high yielding fixed income asset Investors can also create a cushion against the volatility in market-linked securities such as equities which might be part of the senior citizens portfolio The lump sum nature of the FD helps in maximizing the interest earned through compounding Senior citizens can start a Bajaj Finance Fixed Deposit with a minimum amount of INR 25000 and gain maximum benefits from compounding 2 Higher interest rates for senior citizens – Bajaj Finance online Fixed Deposit offers some of the highest FD rates in India For non-senior citizens the applicable interest rate is 650 and an extra 010 is offered to those who choose to invest online Senior citizens can avail an additional rate benefit of 025 irrespective of the mode of investment To understand how one can create their retirement corpus with Bajaj Finance FD consider investing Rs 5000000 as principal amount for 5 years Given below is a tabular representation of returns at maturity for senior and non-senior citizens Investor Profile Amount Invested Rs Applicable Rate of Interest Interest Payout Rs Maturity Amount Rs Non-Senior Citizen offline Rs 5000000 650 1850433 6850433 Non-Senior Citizen online Rs 5000000 660 1882655 6882655 Senior Citizen Rs 5000000 675 1931216 6931216 As the table suggests one can earn up to Rs 1931216 over a period of just five years Investors can also use the FD interest calculator available on the Bajaj Finserv website for checking the interest payouts for different tenors and deposit amounts 3 Options to choose periodic payouts – When one invests in a Bajaj Finance Fixed Deposit they can opt for periodic payouts or choose to get entire payout at maturity In case one chooses periodic payouts they can also choose the frequency of their payouts Interest earnings are higher for maturity at the end of tenor but periodic payouts can enable one to fund their regular expenses 4 The benefit of laddering – Senior citizens can avail the benefit of laddering – ie periodically investing in fixed deposits of different amounts and different investment tenors to create a large corpus This can be done by investing in multiple fixed deposits with Bajaj Finance as it offers the flexibility to choose tenors Since FD interest rates keep fluctuating such a strategy will help senior citizens avail of maximum benefit from their investments by overall averaging of interest rates across multiple fixed deposits 5 Easy investment process – With Bajaj Finance online FD one can invest in just a few minutes using a hassle-free paperless online process There is no need to wait in long queues with Bajaj Finance online FD individuals can invest from the comfort of their homes Simple combinations of laddering or choosing payouts as per ones convenience can be a firm source of support for retirees By investing provident funds into Bajaj Finance Fixed Deposit senior citizens can not only grow their retirement corpus but also ensure monthly income to fund their regular expenses With flexible tenors ranging from 12 to 60 months investors can always benefit from easy access to liquidity Image Bajaj Finance offers high FD interest rates up to 675 pa PWR PWR
Pune Maharashtra India NewsVoir Fixed deposit is one of the most preferred investment avenues available today One of the reasons behind this trust is the sense of security that comes with an FD For senior citizens investing in high-yielding debt-focused instruments like fixed deposits can ensure safety of capital and stable growth of returns over time Investors can be certain that their money will be safe in a fixed deposit which is why an FD is an ideal tool for growing ones retirement corpus While both banks and companies offer FDs one can benefit from higher interest rates by company FDs When choosing the right company FD to invest in one must make sure to invest in FDs with high safety ratings Bajaj Finance Fixed Deposit has the highest safety ratings by CRISIL and ICRA which helps investors ensure safety of capital Heres a look at some of the key benefits of investing in Bajaj Finance Fixed Deposit 1 Diversification of retirement portfolio – Bajaj Finance Fixed Deposits enable retirees to build long-term wealth by providing a stable high yielding fixed income asset Investors can also create a cushion against the volatility in market-linked securities such as equities which might be part of the senior citizens portfolio The lump sum nature of the FD helps in maximizing the interest earned through compounding Senior citizens can start a Bajaj Finance Fixed Deposit with a minimum amount of INR 25000 and gain maximum benefits from compounding 2 Higher interest rates for senior citizens – Bajaj Finance online Fixed Deposit offers some of the highest FD rates in India For non-senior citizens the applicable interest rate is 650 and an extra 010 is offered to those who choose to invest online Senior citizens can avail an additional rate benefit of 025 irrespective of the mode of investment To understand how one can create their retirement corpus with Bajaj Finance FD consider investing Rs 5000000 as principal amount for 5 years Given below is a tabular representation of returns at maturity for senior and non-senior citizens Investor Profile Amount Invested Rs Applicable Rate of Interest Interest Payout Rs Maturity Amount Rs Non-Senior Citizen offline Rs 5000000 650 1850433 6850433 Non-Senior Citizen online Rs 5000000 660 1882655 6882655 Senior Citizen Rs 5000000 675 1931216 6931216 As the table suggests one can earn up to Rs 1931216 over a period of just five years Investors can also use the FD interest calculator available on the Bajaj Finserv website for checking the interest payouts for different tenors and deposit amounts 3 Options to choose periodic payouts – When one invests in a Bajaj Finance Fixed Deposit they can opt for periodic payouts or choose to get entire payout at maturity In case one chooses periodic payouts they can also choose the frequency of their payouts Interest earnings are higher for maturity at the end of tenor but periodic payouts can enable one to fund their regular expenses 4 The benefit of laddering – Senior citizens can avail the benefit of laddering – ie periodically investing in fixed deposits of different amounts and different investment tenors to create a large corpus This can be done by investing in multiple fixed deposits with Bajaj Finance as it offers the flexibility to choose tenors Since FD interest rates keep fluctuating such a strategy will help senior citizens avail of maximum benefit from their investments by overall averaging of interest rates across multiple fixed deposits 5 Easy investment process – With Bajaj Finance online FD one can invest in just a few minutes using a hassle-free paperless online process There is no need to wait in long queues with Bajaj Finance online FD individuals can invest from the comfort of their homes Simple combinations of laddering or choosing payouts as per ones convenience can be a firm source of support for retirees By investing provident funds into Bajaj Finance Fixed Deposit senior citizens can not only grow their retirement corpus but also ensure monthly income to fund their regular expenses With flexible tenors ranging from 12 to 60 months investors can always benefit from easy access to liquidity Image Bajaj Finance offers high FD interest rates up to 675 pa PWR PWR
