Find out the Best Offers in FDs for Senior Citizen by Bajaj Finserv

As far as financial requirements are concerned, living independently after your retirement is wonderful. But for that you need to make wise decisions, especially those related to finances. Keep in mind that retirement age is typically around 60 and with advances in health facilities coupled with high awareness of healthy lifestyle, the mean age of an Indian has risen to 75-80 years make your retirement life secure. Hence, you need to plan for 20 years.Add inflation to the equation, and you know your financial planning needs to keep in mind, medical insurances and emergency expenditures.

Investing in blue chip companies will get a good return, as will a property which can be put up on rent, to add to income. But, one of the safest options is to a Fixed Deposit. You can opt for a monthly, quarterly or yearly return, and will keep you principal amount intact. There are several options in the market, and one of the best ones is Bajaj Finserv, as they offer an additional 0.25% rate of interest on their senior citizens FD Scheme.  

A person cannot pledge everything on investments as it is bears risks.  Therefore, careful planning and execution is the need of the hour if you want to enjoy independent living after you retire.

Additional Read: Bajaj Finance Offers Best Interest Rate on FD for Senior Citizen