5 Reasons To Invest Your Bonus In A Bajaj Finance Fixed Deposit
Nishant Vivek 07 June 2019
Personal Finance sponsored post
It is that time of the year, when you receive your appraised salary along with bonuses, which could be a compelling reason to go on a spending splurge. While a retail therapy may sound too good to be true, it is always advisable to put your salary to good use. One of the best ways to utilise your bonus and salary is to save up for a short-term goal. 
 
Stacking your savings in a saving account however, is not the answer. Instead, you can consider a safer investment option like a Bajaj Finance Fixed Deposit – which ensures guaranteed returns. If you’re wondering why you should invest in a Bajaj Finance Fixed Deposit, here’s what you need to know. 
 
1. Get one of the highest interest rates
 
The past year is testimony to why you should invest in stable instruments. In terms of yields, FDs gave some of the best 1-year returns at 6.5%, while some equity funds ate into the invested capital, offering negative returns. Bajaj Finance FD, on the other hand, offers interest rates as high as 8.60% for new investors, 8.85% for existing customers and 8.95% for senior citizens. This is applicable when you take at least a 3-year FD with interest payouts at maturity. 
 
With these lucrative interest rates, you can surely make your savings grow up to 50% more, by investing for up to 5 years.
 
To understand how this works, see how a bonus of Rs. 25,000 could grow up to 50% more, with a Bajaj Finance Fixed Deposit.
 
 
2. Guaranteed returns with complete safety
 
If you’re worried about the safety of your investment, fret not. Your returns are guaranteed, with no effect of market fluctuations. Bajaj Finance Fixed Deposit has the highest credibility ratings of FAAA by CRISIL, and MAAA by ICRA. You can hence, be sure of the safety of your investment. 
 
3. Forecast your earnings and monitor them with online tools
 
You can determine the amount of earnings at maturity with the Bajaj Finance FD calculator basis the tenor and investment amount. With this information, you can decide whether you wish to ladder your FDs to ensure liquidity from time to time while still enjoying high returns, or take home a lump sum amount. In addition to this, you can track your investment seamlessly, through an online account. 
 
4. Customise your investment through payouts 
 
Bajaj Finance lets you align your investment to your financial goals by offering you two variants – you can either invest for wealth creation by opting to receive the interest on maturity, or choose frequent payouts. If you opt for the latter, you can fix the frequency of payouts to a monthly, quarterly, bi-annual or annual basis.
 
5. Invest instantly, without any hassle
 
Upon receiving a bonus, you don’t have to worry about completing tedious procedures to start your investment. While you can visit your nearest Bajaj Finance branch, you also have the option to start investing online, from the comfort of your home or as you commute to work. 
 
With the promise of returns amounting to 50% of the invested sum and a minimum deposit amount of just Rs. 25,000, there’s no reason to hesitate before investing in a Bajaj Finance FD. 
 
 
Comments
evschakravarthy
2 years ago
Does money life recomend Bajaj finance FD? Can we invest based on this article?
sridhar.chandru.subramanian
Replied to evschakravarthy comment 2 years ago
Do your quick research. Check CRISIL rating ( Bajaj has a good rating). Check for % of interest directly from their website. Value given here are on the higher side. Bajaj reduces ROI a couple of months ago. You can also check Mahindra Finance, PNB housing.
raj lee
2 years ago
what about TDS
sridhar.chandru.subramanian
Replied to raj lee comment 2 years ago
Sumitting 15G will take care.
bharat Rajyaguru
2 years ago
I am 7 year countinyu EPFO and this time I am deseboll 60/parson any help EPFO???
bharat Rajyaguru
2 years ago
Plz help
Ramkaran Dhiman
2 years ago
Kya digital signature k bin pf withdrew kiya ja sakata h
Raj A
2 years ago
We cannot believe these rating agencies anymore... they just go wrong everytime when the company is not performing well ...also these rating agencies miserably failed and given false ratings to companies which failed
Madhu K R V
2 years ago
Guaranteed, I don't believe because the credibility of CRISIL & ICRA is doubtful. Sometime back these companies gave same rating to DHFL and see the fate of investors who trusted these rating companies. We can't question them and the you who say its Guaranteed.
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