With the uncertainty induced by COVID-19, the last 18 months have played a vital role in creating awareness about financial planning. While many old lessons of saving and investing have been focused on in this period, many new lessons are also drawn from the uncertainty that many people faced with job losses and pay cuts due to an unprecedented health and economic crisis. The year 2021 has once again highlighted the importance of investing wisely. People have now realized that while money is important, money is even more so. You cannot just assume that your income will secure your future.
Yes, your income is important, but how you use that income, and how you invest a portion of it, makes a huge difference between financial security and an uncertain future. In the past year and a half, many individuals and families had to go through major financial problems. To deal with such crises, it is imperative to prepare in advance and have some kind of financial backup. And the same is true for any uncertainty one may face in one’s life. Such situations arise whenever a country goes through an economic crisis. There may also be specific personal and family crises to be prepared for. By saving for rainy days, you can make sure you have a financial cushion to deal with them.
A backup plan for an indefinite period of time
The best option to prepare for such unforeseen events is to save and invest some money regularly so that it grows over time. There are many investment options available in the market, from which one can choose. However, each person has their own preferences regarding saving and investing. Also, the risk profile is different for each individual, which depends on their individual income, how much they can save, how much risk they can take and the investment objective.
Out of all the available options, investing in fixed deposits is one of the safest ways. This is the reason why fixed deposits are one of the most reliable investment vehicles and the most popular choice among Indians. Because they offer a fixed interest rate at maturity, regardless of market conditions and the performance of the economy, there is almost negligible risk involved.
With uncertainty all around us, this guaranteed return on your investment can bring some certainty to your financial plans. Even if you invest in other investment products, which may be volatile, you can use fixed deposits to diversify your portfolio. This not only makes your investments more stable, but also brings the much needed liquidity to your portfolio as fixed deposits are one of the most liquid assets available in the market. This essentially means that if you have an urgent need for cash, the money invested in a fixed deposit can become available quickly. Not only this, you can also take a loan against your fixed deposit, if required, to pay any unforeseen expenses.
Who offers the best FD rates?
While there are many options to open a Fixed depositThe interest rate available from most banks is currently quite low due to increased liquidity and repo rate cut by the Reserve Bank of India in the last few years. However, there is no need for you to compromise on the rate of return as you can get an attractive interest rate of up to 6.75 per cent p.a.
While the high interest rate is attractive, other features such as varying investment tenors from 12 months to 60 months as well as multiple interest payment options – on maturity, or at periodic intervals – also make Bajaj Finance Fixed Deposits different. Huh.
Bajaj Finance FD helps you achieve your financial goals as you can easily invest online anytime from anywhere. You can get an additional 0.10 percent interest rate when you invest online. For senior citizens, Bajaj Finance FDs offer 0.25 per cent higher interest rate than regular FDs.
The best thing about opening an FD is the payout certainty as well as the payout timing. you can use online FD calculator Finserve is available on the markets to determine the interest amount accrued on the maturity of your Bajaj Finance Fixed Deposit, based on the investment tenure chosen by you.
How to open Bajaj Finance Fixed Deposit
With the extremely fast online process, you don’t have to worry about visiting any branch or going through a lengthy documentation process, especially with the coronavirus pandemic still in place. With Finserv Markets, you can apply for a Bajaj Finance FD, submit documents and track your fixed deposit account online in a seamless and hassle-free manner.
You can start your investment by following simple and easy steps.
Step 1. Visit Finserv Markets
Visit the Finserv Markets website, or download the Finserv Markets App
Step 2. Fill the application with details
Fill all your personal and beneficiary details by selecting the FD amount, tenure and plan.
Step 3. Upload the required documents
Upload all the required documents required to open a Bajaj Finance FD account.
Step 4. Deposit FD Amount
After completing the form and documentation process, pay the FD amount and complete your Bajaj Finance Fixed Deposit online application process.
Step 5: 24×7 Tracking
After completing all the steps, you can easily track your Bajaj Finance FD return.
It is important to build a corpus through safe investments and high returns, not only for emergencies but also to meet your short and long term financial goals. Finserv Markets and safe investing go hand in hand. Also, when you invest in a Bajaj Finance FD, irrespective of the market volatility, you can rest assured that your returns will not be impacted. Don’t delay anymore, book your Bajaj Finance FD through Finserv Markets today!
https://ideas.repec.org/a/ssi/jouesi/v8y2020i1p884-898.html
This is a partnered post
read all Breaking Newshandjob today’s fresh news and coronavirus news Here
.