: Reasons to Invest Ones Bonus in a Bajaj Finance Online FD #IndiaNEWS #Business The commencement of a new month is often accompanied with the joy of receiving ones monthly salary. With the much-awaited

Reasons to Invest Ones Bonus in a Bajaj Finance Online FD #IndiaNEWS #Business
The commencement of a new month is often accompanied with the joy of receiving ones monthly salary. With the much-awaited appraisals and bonuses being credited widely, it can be tempting to splurge and treat oneself to some extravagance, but it would be a more prudent choice to invest a portion of ones hard-earned income.
Bajaj Finance FD offers FD interest rates up to 7. 25%
One should focus not only on saving money, but also towards growing ones wealth. There are a multitude of investment instruments that facilitate growth, each bringing along their respective risks. Amidst the sea of uncertainties and volatile market movements, fixed deposit, has proved to be a safe harbour for investors.
A fixed deposit is an investment option which helps one earn interest on savings parked with a preferred financier. One can choose to get returns on a periodic basis, or at maturity.
Reasons to choose Bajaj Finance online FD
Fixed deposit plans are offered by post offices, various banks and non-banking financial companies. With many options available, parking ones surplus earnings from bonuses received, in an easy and safe option could be a challenging task. Heres why investing in a Bajaj Finance FD can be a smart move.
Simple and credible investment platform
One doesnt have to suffer the exhaustion of waiting in long queues, as investments can be made in Bajaj Finance online FD plans from the comfort of ones home. The Bajaj Finance online FD form and cKYC document verification process will make the overall experience better. An additional FD interest rate of 0. 10% can be earned by utilizing this end-to-end paperless investment procedure.
Also, the flexible lock-in period allows one to set a tenor between 12 and 60 months, giving them the freedom of customizing their FD plans as per their requirements. For confirming the returns that apply to the FD type and tenor one has decided to go with, they can visit the fixed deposit calculator page available on Bajaj Finservs website.
Earn substantial returns at maturity
To withdraw generous returns at maturity, one should invest in a Bajaj Finance FD. This is because the fixed deposit rates offered by post office FDs and bank FDs are much lower as compared to the FD rates that are associated with Bajaj Finance FD plans. To verify the same, heres an example.
Consider an amount of Rs. 15,00,000 is invested for a tenor of 5 years in a Bajaj Finance online FD that locks in the invested amount at interest rates of up to 7. 10%*. The returns on each of the investment instruments have been provided in the table below:
FD plan
Investment Amount
Tenor
(years)
Rate of Interest
Interest
Returns
Growth in savings
Bank FD
Rs.