Surplus cash is always a great thing to have in hand at all times, and one need not be an expert in monetary matters to see why this is the case. The idea of being financially comfortable is something that would entice any individual, and having excess cash is one major factor that helps you achieve this goal. However, don’t think that having surplus cash is a complete positive – in fact, several problems might arise if you’re not careful about spending your money.
Thankfully, there’s an option available to you that will not only help you save this money for the long term but also let you attain a substantial income as well – investment. Of course, merely deciding to invest your money is just the first step – there’s also the question of the type and amount of investment that you should ideally opt for.
Keeping this in mind, it must be said that going for an investment fund that will provide you with safe and guaranteed returns is the best course of action for you to take. While it’s all well and good to choose a Mutual Fund, or a Systematic Investment Plan (SIP) might seem somewhat appealing, the fact is that these mutual fund investment returns are subject to market risk – a line that you must’ve heard quite frequently by now. So, instead of going for a risky form of investment, it’s better that you choose something that will provide you with safe, guaranteed, and substantial returns.
This is where the concept of a fixed deposit comes into play.
With a one-time deposit that will slowly accrue interest over time, it must be said that depositing in an FD will provide you with some much-needed financial security in the long run. Bajaj Finance is perhaps one of the best financial institutes out there in this regard, providing you with numerous benefits that will go a long way in making your investment highly profitable in the long run.
To put it into context, here are some of the many ways that investing in Fixed Deposits (FD) will help you attain sizeable returns in the long run.
Substantially high interest rates
Bajaj Finance’s fixed deposit provides a high interest rate of 8.75% –and it goes as high as 9.10% for senior citizen. This steady interest flow guarantees that you’ll be able to accumulate a sizeable amount of wealth in the long run, allowing you to calculate your Fixed Deposit and maximise your investment.
A minimum deposit that makes it easy to invest
Generally, most people choose not to opt investing in a fixed deposit due to the substantial one-time investment involved. It’s a barrier to entry that is negated with Bajaj Finance’s fixed deposit scheme, which only has a minimum deposit of ₹25,000. So, people who wish to invest in this instrument don’t need to think twice – they can easily opt for this option if they want.
Safe and assured returns
Assured returns are a staple of fixed deposits, and this holds for the fixed deposit scheme by Bajaj Finance as well. This is mainly because Bajaj Finance’s fixed deposit scheme is free from any market fluctuations. On top of this, there’s also the fact that Bajaj Finance’s Fixed Deposits are well-rated on both safety and stability, with high ratings on both ICRA’s MAAA and CRISIL’s FAAA.
Any person would want to invest their surplus cash in an investment avenue that would provide them with safe and guaranteed returns. This is where the concept of a fixed deposit comes into play, and Bajaj Finance’s fixed deposit scheme is one avenue that you should keep in mind. The benefits mentioned above should be proof enough of the fact that investing is a Bajaj Finance fixed deposit is an excellent course of action for you to attain sizeable returns on any surplus cash you might have in hand.