Mumbai (Maharashtra) [India], June 11 (ANI/NewsVoir): Over the last few years, there has been a greater focus on the need for savings. Therefore, it is important to understand why savings hold such a prominent place in any financial dialogue.
The future can throw up several surprises which might require financing. It is a known fact that finances cannot be generated overnight, it requires years of meticulous planning and choosing the right investment tools.
Financial experts suggest that every individual should ideally have savings, the amount of which should be able to fund them for the next 6-12 months. Apart from emergencies, saving for future goals is equally important, be it professional or personal. Setting financial goals becomes easier with the presence of substantial savings.
Reasons to invest in a Bajaj Finance online Fixed Deposit
Finding high-yielding investments amidst an economic regime of low rates and uncertain market movements, can be quite challenging. Besides, to grow savings one should ideally opt for a low-risk option that remains unaffected by market volatilities and offers decent returns. Secured investment plans, such as
, offer a low-risk, easy-to-invest option to investors. Investors can avail attractive, assured returns up to 6.75%, all from the comfort of their homes.
Attractive FD rates
Bajaj Finance FD offers some of the highest
up to 6.50% for non-senior citizens, along with an additional 0.10% rate benefit for investing online. Senior citizens looking to invest in a Bajaj Finance FD, can avail an additional 0.25% over and above the base rate. Higher interest rates make this tool a lucrative option for investing one's hard earned savings.
To understand how one can maximize their savings with Bajaj Finance FD, consider investing Rs. 20,00,000 as principal amount for 3 years. Given below is a tabular representation of returns at maturity.

As the table suggests, one can earn substantial payouts at maturity. This maturity amount can be used to fund expenses in case of an emergency or to accomplish specific financial goals.
Flexible payout option
Under non-cumulative fixed deposit, interest payouts can be received periodically. This can be done on a monthly, quarterly, half-yearly or annual basis, according to one's requirements. Periodic payout options are especially helpful for senior citizens who don't have an active source of income after their retirement.
Loan against FD
With Bajaj Finance, one can withdraw prematurely from their fixed deposit, during emergencies. Bajaj Finance offers an easy loan against FD, where the investor can avail a loan against their FD up to 75% of the invested amount. The process of facilitating a loan against FD is undertaken with minimal documentation, quick processing and no additional charges.
Easy online investment process
Bajaj Finance online FD scores high on ease of operations and logistics. The entire process of investing in a Bajaj Finance FD can be done through an easy online application process via desktop or mobile, without the hassle of waiting in long queues and submitting multiple documents for verification. For today's tech-savvy millennials, there could be nothing better than a quick-to-materialize, virtual transaction.
With the ever-growing emphasis on savings, knowing where and how to park one's money becomes all the more crucial. This fixed deposit is a great choice for investing one's earnings, as it offers the highest safety of deposit. Bajaj Finance FD has been accredited by the highest safety ratings of (FAAA) and (MAAA) by CRISIL and ICRA respectively, which are the leading credit rating agencies in India.
With the advantage of highest safety ratings and a suite of other benefits, it's safe to state that Bajaj Finance online FD stands as a strong preference for individuals looking to find good investment options to grow their savings.
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