It is wise to save for the rainy day because the wheels of fortune can change. When life is bright and one can afford, it is prudent to save a part of the present earnings for the future. It helps tide over unforeseen events that can wreak havoc or meet planned events that can herald joy. Once the decision to save is made, the dilemma is how to save. Bajaj Finance provides the answer through their best Systematic Deposit Plan.
Are You Safe If You Save?
It is not enough to just save. The saving has to be safe and equally important, has to grow. Therefore, it is important how you save and where you save, or else all you have planned for will come to nought.
Bajaj Finance has the best Systematic Deposit Plan that combines both safety and growth. Safety emerges from the impeccable credentials Bajaj Finance commands. Growth stems from the attractive interest rate they offer when compared to FD interest rates today.
Mitigating the risks that lurk
There are seemingly enticing opportunities in the market, but one has to be mindful of the risks hidden behind inconspicuous fine prints, which read “returns are subject to market risks” or “past performance is not indicative of future returns”. Vagaries of the economy or the market can wipe out savings of a lifetime or render them woefully inadequate to meet your goals.
Market risks apart, the hapless investor has to be vigilant against wolves masquerading in sheep’s clothing. Fly by night operators are on the prowl to deceive investors of hard-earned money. Bank failures are not unique to India; even advanced western countries have not been immune to the disaster. Pedigree and credentials of the deposit-taker are, therefore, of paramount importance.
Bajaj Finance offers the best Systematic Deposit Plan that mitigates these risks because of their impeccable credentials.
Belonging to the Bajaj stable founded by Jamanlal Bajaj in 1926, Bajaj Finance manages assets in excess of Rs. 1,47,153 crores (AUM) and enjoys the confidence of over 4,26,00,000 customers as per their Annual Report for ’20 – ‘21. Resultant economies of scale help the Company to extend the best FD interest rates today.
Deposit schemes of the company have been conferred MAAA (Stable) rating by ICRA and FAAA/ Stable rating by CRISIL. Hallmarked with the highest ratings by premier global rating agencies, Bajaj Finance offers the best Systematic Deposit Plan with the best FD interest rates today.
Best of Rate and Convenience
Bajaj Finance offers interest of 6.50% p.a. on deposits for periods from 36 to 60 months with 6.60% p.a. for online investment. Senior citizens earn 6.75% p.a. for the same period, whether invested online or otherwise. The interest rate offered by leading commercial banks for the identical period is only 5.30%. Thus, Bajaj Finance offers the best FD interest rates today, which is assured all through the tenure, insulated from vagaries of the market. This helps to plan for the future with certainty.
For those who cannot afford a lump sum deposit in a fixed deposit, the Systematic Deposit Plan helps build wealth through a monthly deposit of amounts starting from Rs. 5,000, the same way little drops make the ocean.
Of the two options available, under the Monthly Maturity Scheme, the period of each deposit remains the same and therefore, their maturity dates will be different. Under the Single Maturity Scheme, the period of each deposit becomes shorter so that they all mature on a single date. Deposits shall fetch the interest rate prevailing on the date of deposit for the applicable period. With provision for premature withdrawal and loan facility, Bajaj Finance has ensured that the best Systematic Deposit Plan does not lag in convenience.
The Bottom Line
Bajaj Finance offers the best Systematic Deposit Plan with the highest credit rating and the best FD interest rates today. Its user-friendly features make the best Systematic Deposit Plan simple and accessible to all, even to those who are not tech-savvy.