Invest smartly in Bajaj Finance FDs in 2022 to build an emergency fund

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Pune, Maharashtra, India (NewsSee)

Emergencies often happen unexpectedly and can put a strain on your savings. To secure your finances, it is always better to put money aside and build up a pension capital. Investors with a low appetite for risk looking for guaranteed returns can invest in a Bajaj Finance fixed deposit. Investors can obtain savings and steady cash in times of emergency by investing in this instrument.

Choosing a safe investment option like Bajaj Finance Fixed Deposit can help investors grow their savings in an environment of high market volatility. Using a fixed deposit interest rate calculator can also help investors calculate their yields, maturity amount and date before they even invest.

Investing in a high yielding FD company like Bajaj Finance Limited (BFL) comes with many benefits such as:

High yields

Bajaj Finance Limited offers investors high returns on fixed deposits of up to 6.80% per annum, while seniors earn up to 0.25% more. Investors can book an FD with the company with a minimum investment of just Rs. 25,000. The key to building a large corpus is to stay invested longer. For example, the table below shows how an investor under the age of 60 invests Rs. 5 lakh over different durations of 1, 3 and 5 years will benefit.

Deposit amount

Applicable interest rate

Tenor

Interest earned

Total winnings

Rs.5,000,000

5.65%

12

Rs. 28,250

Rs.5,28,250

Rs.5,000,000

6.80%

36

Rs.1,09,093

Rs.6,09,093

Rs.5,000,000

6.80%

60

Rs.1,94,746

Rs.6,94,746

Flexible duration and payment option

The company offers investors the option to choose a term according to their preference ranging from 12 months to 60 months. In addition, the company also offers periodic payments to help investors fund other expenses. Depending on his needs, an investor can select monthly, quarterly, semi-annual and annual payment options for his deposits. Alternatively, investors can save interest until maturity and enjoy compound growth on their investments.

Loan against FD

With Bajaj Finance, you don’t have to worry about long lock-up periods. Investors are free to withdraw invested funds after a short lock-up period of only three months. Bajaj Finance also offers a loan against FD, where one can easily avail a loan of 75% of the FD value while still earning profit from their investment. Thus, fixed deposit works as a good emergency fund, providing high returns and investment security.

Monthly savings with the Systematic Deposit Plan

Additionally, Bajaj Finance offers the Systematic Deposit Plan (SDP), allowing investing in small monthly deposits starting from just Rs. 5000 per month. An SDP is a SIP-like instrument in which a separate FD is created for each monthly investment. By investing in an SDP, you can spread your savings over different objectives. Investors can opt for a monthly maturity plan or a single maturity plan.

Safe and secure investment

For those looking for a safe, secure and incredibly low risk investment, Bajaj Finance online FD is one of the best options out there. Backed by FAAA and MAAA ratings from CRISIL and ICRA, this investment tool allows you to balance your portfolio by keeping it away from market volatility and gradually building a stable emergency corpus over time. time with their high FD rates.

Image: Take advantage of high FD interest rates with Bajaj Finance to build a provident fund
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