Nestled amidst the lush greenery of Western Ghats, Kamshet offers a vibrant lifestyle and a growing community. As you plan your financial future in this scenic town, Fixed deposit emerge as a reliable option to secure your savings and achieve your financial goals. This comprehensive guide delves into the world of FDs in Kamshet, empowering you to make informed decisions for your financial well-being.
Benefits of investing in fixed deposit
Guaranteed returns: Unlike stocks and mutual funds, FDs offer a predetermined interest rate on your investment. This predictability allows you to plan your finances effectively, especially for short-term goals like a vacation or a new appliance purchase.
Flexible tenures: FDs are available for a variety of tenures, ranging from a few days to several years. You can choose a tenure that aligns with your financial needs, whether it is saving for a down payment on a house in the next few years or building a retirement corpus over a longer period.
Regular income option: Some financial institutions offer the option to receive interest payouts regularly (monthly, quarterly, or annually). This can be a convenient way to generate a steady stream of income, particularly for senior citizens who depend on fixed monthly income sources.
Features and benefits of Bajaj Finance fixed deposit
- High interest rates up to 8.85% p.a.: Bajaj Finance offers competitive interest rates of up to 8.85% p.a., providing some of the most lucrative returns available. This ensures substantial growth of your investment, unaffected by market fluctuation.
- Increased FD rates for senior citizens: Individuals aged 60 and above benefit from an additional increase in interest rates up to 0.40% p.a., making these fixed deposits especially appealing for senior citizens.
- Top credit ratings: Bajaj Finance holds esteemed ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, reflecting its high security. These ratings assure that your deposits are secure, offering both peace of mind and robust financial returns.
- Loan against fixed deposit: Bajaj Finance provides the option to secure a loan against fixed deposit, which means you can access funds without prematurely withdrawing your FD.
- Loan against fixed deposit: Bajaj Finance offers loan against fixed deposit (LAFD). You can borrow up to 60% of the deposit amount for non-cumulative FD and up to 75% for cumulative FD. This allows you to access funds without prematurely withdrawing your fixed deposit.
