What Are The Benefits Of Booking NBFC’s Fixed Deposit
Investments in any form is a great way to save for immediate or future financial needs. NBFCs like Bajaj Finance offer fixed deposit which is a highly secure and certified scheme by ICRA’s MAAA (stable) rating and CRISIL’s FAAA/ Stable rating. It is free from market fluctuations and is an assurance of stable return on investment.
Experienced NBFCs offer several benefits to investors which include –
Higher Interest Income
Interest rates of fixed deposits start from 8.40% onwards. This allows you to make appreciable income on interest which is tax-free up to Rs. 10,000. You can save interest on income of more than Rs. 10,000 by submitting Form 15G and Form 15H to your lender. You can avail top-up on these base rates too. Upon renewal you can avail extra 0.25% on base rate. Senior citizens can avail 0.35% extra on base rate offered to them.
Convenient Tenure
You can choose flexible tenure between 12-60 months to accumulate wealth and grow your corpus. You can even take advantage of earnings from shorter duration of 15 months which offer 0.25% higher interest rate from the base rate.
Type of Deposit
To save you from financial crisis and keep you covered at all times you can opt the type of deposit you are looking for – cumulative or non-cumulative FD. To receive interest income at maturity, choose cumulative and to receive interest income at monthly, quarterly, half yearly and annual basis choose non-cumulative option.
Experienced NBFCs offer several benefits to investors which include –
Higher Interest Income
Interest rates of fixed deposits start from 8.40% onwards. This allows you to make appreciable income on interest which is tax-free up to Rs. 10,000. You can save interest on income of more than Rs. 10,000 by submitting Form 15G and Form 15H to your lender. You can avail top-up on these base rates too. Upon renewal you can avail extra 0.25% on base rate. Senior citizens can avail 0.35% extra on base rate offered to them.
Convenient Tenure
You can choose flexible tenure between 12-60 months to accumulate wealth and grow your corpus. You can even take advantage of earnings from shorter duration of 15 months which offer 0.25% higher interest rate from the base rate.
Type of Deposit
To save you from financial crisis and keep you covered at all times you can opt the type of deposit you are looking for – cumulative or non-cumulative FD. To receive interest income at maturity, choose cumulative and to receive interest income at monthly, quarterly, half yearly and annual basis choose non-cumulative option.
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