Invest in Bajaj Finance FD for High Returns
As household savings saw growth in the financial year 2017-18 from
the previous year, the propensity of the average Indian to invest grew
too. A limit in the income of these individuals, however, reduces their
risk appetite as they look for risk-free investment alternatives.
Fixed deposit (FD) is one such investment option that allows individuals with modest income to grow their corpus substantially. The total accumulated amount for FDs of 5 years and more close to Rs.10,000 billion stands as proof of this popularity.
Such popularity can also be attributed to high returns as well as stable growth offered by this financial instrument. With interest rates as high as 8.10% offered by prominent financial institutions, fixed deposit brings the high potential for corpus growth. Investors must, however, use tools like monthly interest calculator to estimate returns and choose the plan accordingly.
Fixed deposits are available in two types, i.e., cumulative and non-cumulative FDs. With unique sets of benefit for both, investors can choose a suitable FD plan as per their financial goals.
For instance, a cumulative FD is compounded annually with pay-outs during maturity to help meet long term funding requirements. On the contrary, non-cumulative FDs offer periodic pay-outs, which can be monthly, quarterly, half-yearly and annually with NBFCs like Bajaj Finance. You must, therefore, select a suitable plan for high returns with the help of FD calculators.
Fixed deposit (FD) is one such investment option that allows individuals with modest income to grow their corpus substantially. The total accumulated amount for FDs of 5 years and more close to Rs.10,000 billion stands as proof of this popularity.
Such popularity can also be attributed to high returns as well as stable growth offered by this financial instrument. With interest rates as high as 8.10% offered by prominent financial institutions, fixed deposit brings the high potential for corpus growth. Investors must, however, use tools like monthly interest calculator to estimate returns and choose the plan accordingly.
Fixed deposits are available in two types, i.e., cumulative and non-cumulative FDs. With unique sets of benefit for both, investors can choose a suitable FD plan as per their financial goals.
For instance, a cumulative FD is compounded annually with pay-outs during maturity to help meet long term funding requirements. On the contrary, non-cumulative FDs offer periodic pay-outs, which can be monthly, quarterly, half-yearly and annually with NBFCs like Bajaj Finance. You must, therefore, select a suitable plan for high returns with the help of FD calculators.
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