Fixed deposit v/s savings account: Where should one choose to invest

Fixed deposits and savings accounts are both stable investment platforms that give investors the opportunity of earning fixed, secured returns.

As an investor, one may find it better suited to park savings in the bank. However, this is isn't the smartest option as steady investment tools generally do not reap impressive returns. Savings account interest rates range between 2.5% and 5.5%. To get the dual advantage of high returns and deposit safety, consider investing in a company fixed deposit like Bajaj Finance.

Here's why Bajaj Finance online FD is a preferred investment avenue:

Earn more with attractive FD interest rates

With the Monetary Policy Committee (MPC) maintaining their status quo on the repo rate, keeping it at 4%, bank FDs are recording lower returns. However, Bajaj Finance is one such financier that offers high FD interest rates up to 6.75%.

Here's how an investment of Rs. 20 lakh can grow for different categories of investors over a tenor of 60 months.

Flexible pay-out options

A savings account pays interest as per the bank rules and savings account type. However, with Bajaj Finance FD, investors can choose to receive periodic interest pay-outs based on their liquidity requirements. Investors can get pay-outs on a monthly, quarterly, half-yearly or annual basis.

Loan against FD

This feature comes in handy during financial emergencies when one requires additional funds to meet specific liquidity requirements. Bajaj Finance offers a loan against FD - a facility that helps one get a loan of up to 75% of the fixed deposit amount. No interest will get deducted on resorting to this alternative.

Easy online investment process

With Bajaj Finance online, FD investors can start their investment journey from the comfort of their homes. Bajaj Finance offers a complete end-to-end paperless online application process. Individuals below 60 years can get an additional rate benefit of 0.10% on investing online.

Safety and credibility

Stable investment instruments like FDs protect investment portfolios from losses incurred by equity-linked investment instruments such as mutual funds and stocks. Moreover, they come with the promise of secured returns and the safety of deposits.

Bajaj Finance FD is accredited with the highest stability rating of FAAA and MAAA from CRISIL and ICRA, ensuring that one's savings are in a safe investment environment, irrespective of ongoing market risks.

Therefore, one can easily invest in a Bajaj Finance online FD without worrying about deposit safety, timely pay-outs or defaults.

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