Business Wire India
As the start of the year is the best time to plan your finances, in 2020, why not resolve to make your salary go the extra mile for you? As you continue to earn a regular income, take investing seriously to grow your wealth throughout the year.

However, remember that negative returns are a reality and to ensure that you better your financial health, it’s best to pick a stable avenue. For instance, Bajaj Finance Fixed Deposit is immensely beneficial, as you earn interest at an attractive rate of up to 8.35%. Moreover, ICRA’s and CRISIL’s highest stability ratings, MAAA and FAAA, are proof that your money will be safe and sound.

Read on to know why investing in this Fixed Deposit offered by Bajaj Finserv, through its lending and investment arm Bajaj Finance Ltd, is the best way to use your surplus salary in 2020:

Start investing with a minimum deposit of Rs. 25,000

Whether you’re a first-jobber or an experienced investor, the journey to multiplying your wealth with Bajaj Finance is easy and accessible. You only need only Rs. 25,000 to begin investing and grow your wealthy rapidly. To understand what’s in store, consider the following example, where you invest Rs. 10 lakh and Rs. 20 lakh for a tenor of 36 months.

Type of investor	Interest rate (%)	Returns on investment of Rs.10 lakh	Returns on investment of Rs.20 lakh
New customer	8.10	12,63,214	25,26,429
Bajaj employee	8.20	12,66,723	25,33,447
Existing customer	8.20	12,66,723	25,33,447
Senior citizen	8.35	12,71,999	25,43,998

Take advantage of a flexible tenor to amplify gains and achieve your goals

Bajaj Finance allows you to choose from a 12- to 60-month tenor depending on your short and long-term goals. Longer tenors come with higher interest rates and also amplify the effect of compound interest. To understand this better, consider the following table where returns for a regular investor are illustrated, assuming that you invest a sum of Rs. 20 lakh for tenors of 1, 2 and 3 years.

Deposit (in Rs.)	Tenor (in yrs.)	Interest rate (in %)	Maturity amount (in Rs.)
20,00,000	1	7.60	21,52,000
20,00,000	2	7.90	23,28,482
20,00,000	3	8.10	25,26,429

The ROI figures above are indicative of the extent to which you can multiply your salary. Further, when you’re growing your wealth, the flexible tenor lets you align your investment to your financial goals, so that you get the desired liquidity at every step of the way.

Stay invested for higher gains with the Auto-Renewal facility

To achieve long-term goals and further grow your wealth, opt for the Auto-Renewal feature when opening your FD. This allows you to reinvest your proceeds for another term without manual intervention. Apart from being convenient, it offers a renewal bonus. Moreover, the benefits of compound interest are higher when you stay invested for longer. When they come together, both these factors that greatly aid wealth multiplication.

Opt for the Multi-Deposit facility and ladder your deposits

To use FDs to finance various aspects of your life, consider laddering FDs through the Multi-Deposit feature. It allows you to open several deposits, of varying amounts, tenors and payout frequencies, via a single cheque. This way you can enjoy the power of compound interest to the fullest, while also gaining timely liquidity. Even if you need to make a premature withdrawal, you don’t have to disturb more than 1 deposit.

Having considered how you can make your salary work for you with the Bajaj Finance FD, invest today via cheque, NEFT, net banking or debit card. Also remember that if a lumpsum investment isn’t feasible at the moment, you can utilise the Systematic Deposit Plan to invest a small amount, as little as Rs. 5,000 each month.

Regardless of which route you opt for, before you invest, use the FD calculator to accurately forecast your earnings. Then, book a call with a Bajaj Finance representative to start investing and enter 2020 on a sound financial note!
About Bajaj Finance Limited

Bajaj Finance Limited, the lending arm of the Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 36 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Loans for Professionals, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international ‘BBB’ with stable outlook for long-term, by S&P Global Rating.

To know more, please visit: https://www.bajajfinserv.in