Why Should You Re-consider Investing in Fixed Deposits
Investing in Fixed Deposits and getting maximum returns out of them can take a lot of practice. However, even if you are investing in FDs for the first time, you would be able to get definite high returns on the amount that you invest. There are many fixed deposit options available but only a handful with good or high returns.
Why NBFC?
A non-banking Financial Company (NBFC) provides many added benefits. However, it is of utmost importance to check the institution’s credit score. A firm with AAA rating is generally considered to be the best bet for FD investment. One should not just go by popular media opinion while investing. Bajaj Finance has received ICRA’s MAAA and CRISIL’s FAAA rating which is the best for stability as per industry standards. Apart from that, it gives guaranteed returns on investments. Their FD features are not affected by the ups and downs of the market.
Investing in fixed deposits could be a whole new experience through reliable non-banking financial institutions. There are many benefits for senior citizens as well in banking and non-banking financial institutions. For example, the tax exemption limit has increased from Rs. 10,000 to Rs. 50,000 for senior citizens under Section 80D. Bajaj Finance is also offering 8.75% interest rate to senior citizens FD. This is an increase of 0.35% than their regular interest rate.
Why NBFC?
A non-banking Financial Company (NBFC) provides many added benefits. However, it is of utmost importance to check the institution’s credit score. A firm with AAA rating is generally considered to be the best bet for FD investment. One should not just go by popular media opinion while investing. Bajaj Finance has received ICRA’s MAAA and CRISIL’s FAAA rating which is the best for stability as per industry standards. Apart from that, it gives guaranteed returns on investments. Their FD features are not affected by the ups and downs of the market.
Investing in fixed deposits could be a whole new experience through reliable non-banking financial institutions. There are many benefits for senior citizens as well in banking and non-banking financial institutions. For example, the tax exemption limit has increased from Rs. 10,000 to Rs. 50,000 for senior citizens under Section 80D. Bajaj Finance is also offering 8.75% interest rate to senior citizens FD. This is an increase of 0.35% than their regular interest rate.
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