A smart way to grow your money is to invest your money. Investment can be done in various instruments including equity shares, Mutual Funds,Public Provident Fund, gold ETF, Fixed Deposit and more. Before investing, you need to check the return on the investment, risk and liquidity of the asset.
Fixed Deposit is a very lucrative investment option as it gives out interest rates regularly and has easy liquidity.
For stable returns over time, investors should look for investing in Fixed Deposits.
A bank Fixed Deposit is considered a safe investment option with the least amount of risk and highest form of liquidity.
A fixed deposit is an investment to grow your savings and earn a higher rate of return than a regular savings account. It is offered by banks and NBFCs (Non Banking Financial Companies). A fixed deposit has the lowest risk in the portfolio of investment. Money is invested in a fixed deposit with a lock in period and interest is given either at the end of the maturity date or as a regular payout.
Parking your investment in the correct Fixed Deposit in 2021 will ensure high fixed deposit returns on maturity and also a choice of regular interest payouts throughout the chosen tenure.
To ensure high returns you must look for a FD scheme with a high interest rate payouts
You can calculate Fixed Deposit interest rates on Fixed Deposit interest rates calculators
For a lucrative return of Fixed Deposit Investment, banks with higher interest rates are a must. Bajaj Finance offers a money making return with an interest within the range of 5.65% to 6.50%. In 2021. Other banks including Bank of Baroda offers an interest rate of 2.80% to 5.25%, Citibank offers an interest rate of 2.40% to 3.50%, Kotak Bank offers an interest rate of 2.5% to 5.3%, IDFC Bank offers an interest rate of 2.75% to 6% and Indian Bank offers an interest rate of 2.90% to 5.25%.
Bajaj Finance also has lucrative interest rates for the senior citizens. It offers senior citizens the best FD Schemes ranging from 5.65% to 6.5% compared to other banks. Bank of Baroda offers an interest rate of 3.30% to 5.75% for senior citizens while Citibank offers an interest rate between 2.90% to 4.00% for senior citizens. IDFC bank offers the same interest rate of 2.755 to 6.50% to those above and below the age of 60. Kotak Bank offers an interest rate of 3.00% to 5.80% for senior citizens.Indian bank offers an interest rate of 3.40% to 5.75% for the senior citizens
For long tenures, Bajaj Finance stands out with a 6.75% interest rate while IDFC Bank offers 6.5% interest rate in the long run. While Kotak Bank offers an interest rate of 5.80% in the long run, Bank of Baroda and Indian Bank both offer an interest rate of 5.75% in the long run. Citibank in the long run offers an interest rate of 4.00%.
Bajaj Finance offers lucrative opportunities for investment in Fixed Deposit and Bajaj Finance Fixed Deposit is a proven solution for falling FD rates. Apart from offering high returns, Bajaj Finance Fixed Deposit offers a flexible tenor, lets you choose your interest payment mode, avail tax benefits and easy access to loan and lets you enjoy high credibility and stability. Customers also get an extra interest of 0.25% on renewing the Fixed Deposit. Senior citizens also get an extra interest of 0.25% as an additional benefit. Along with the lucrative interest rate and convenient investment procedures, Bajaj Finance is also considered to be one of the safest investment options. It helps to grow your savings easily. When you make a smart investment in Bajaj Finance Fixed Deposit, you watch your savings grow.