The Indian stock market has recently been on a roller coaster ride. Volatility in the stock market has been triggered by rising geopolitical tensions and an increase in crude oil prices. Many investments have seen lower returns as a result. Therefore, in order to protect their investment, investors must make informed decisions.
Before you begin investing, you must understand that it is critical that you understand the numerous investment possibilities that are available today. You may then choose a strategy based on how much you want to support your investment objectives, timetable, and risk tolerance.
The following are the best secure investment alternatives for saving your hard-earned money:
Fixed Deposit (FD) is one of the most secure and popular ways to invest money. It has been the most trusted choice for many people unwilling to risk their savings. Investing in fixed deposits given by prominent lenders such as Bajaj Finance Limited is one of the greatest solutions during market volatility. It provides consistent and predictable returns. The Bajaj Finance Fixed Deposit offers the best credit quality and credit ratings, making it one of the safest instruments.
Here are some of the critical features of a Bajaj Finance Fixed Deposit:
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Earn Fixed Deposit interest rate up to 7.05% p.a.
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Investment starts with a minimum amount of Rs.25000
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Flexible tenors with high-interest FD rates
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For individuals under the age of 60 the below table shows earnings for different tenors.
|
Deposit Amount |
Tenor |
Interest Rate |
Interest Earned |
Maturity Amount |
|
Rs.3 lakh |
36 months |
6.80% p.a. |
Rs.65,456 |
Rs.3,65,456 |
|
Rs.3 lakh |
48 months |
6.80% p.a. |
Rs.90,307 |
Rs.3,90,307 |
|
Rs.3 lakh |
60 months |
6.80% p.a. |
Rs.1,16,848 |
Rs.4,16,848 |
Bajaj Finance Fixed Deposit offers additional FD rates of up to 0.25% p.a. for senior citizens. The table below shows the gains for different tenors for senior citizen investors.
|
Deposit Amount |
Tenor |
Interest Rate |
Interest Earned |
Maturity Amount |
|
Rs.3 lakh |
36 months |
7.05% p.a. |
Rs.68,028 |
Rs.3,68,028 |
|
Rs.3 lakh |
48 months |
7.05% p.a. |
Rs.93,974 |
Rs.3,93,974 |
|
Rs.3 lakh |
60 months |
7.05% p.a. |
Rs.1,21,750 |
Rs.4,21,750 |
The Bajaj Finance Fixed Deposit application is entirely online, and payments may be made via UPI or net banking. Accredited with the highest safety ratings of FAAA by CRISIL and MAAA by ICRA, Bajaj Finance Limited is a haven for investing your savings.
Systematic Deposit Plan
A Systematic Deposit Plan (SDP) is a unique monthly savings plan that combines the benefits of a fixed deposit with the practice of regular savings, similar to a Systematic Investment Plan (SIP). The SDP, on the other hand, is unaffected by market fluctuations, unlike a SIP.
The Bajaj Finance Systematic Deposit Program (SDP) fosters a healthy investment habit by allowing individuals to start their investing journey with as little as Rs.5000 each month. Better yet, it offers the same benefits of compounding, through which one can gain a great deal if they save consistently for years.
With Bajaj Finance Systematic Deposit Plan:
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Investment starts at just Rs.5000
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Get high returns up to 7.05% p.a.
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Additional rate benefits up to 0.25% p.a. are offered to senior citizens
Individuals can also select a flexible payment option through the SDP. The Single Maturity Scheme allows you to receive a lump sum amount at maturity, whereas the Monthly Maturity Scheme matures on a different date depending on the tenor you choose.
Investing is a good strategy to create wealth for the future. However, you may overlook some facts, such as market volatility, that might have a negative impact on your investments. Thus, the key is to invest in less volatile items that meet your risk profile.
Fixed deposits and Bajaj Finance's Systematic Deposit Plan are both great investment options for people who want their funds to grow without the risks associated with market fluctuations.
Visit Bajaj Finance Online FD to begin investing in Fixed Deposits. Existing customers must merely verify their details and begin their FD, whilst new customers can validate their details via KYC or OKYC. Choose your deposit amount and tenor then make your payment using online banking or UPI.
