Senior Citizens FDs: This NBFC offers special fixed deposits at 7.45% rate 

Fixed deposits are the easiest and safest form of savings scheme to grow your income. They are risk-free and come with guaranteed returns. Senior citizens are the biggest beneficiaries of having FDs. Banks, NBFCs, and other financial institutions do offer fixed deposits scheme with attractive interest rates. Notably, NBFC major Bajaj Finance offers special FDs which give a 7.2% rate to citizens…

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Bajaj Finance hikes FD rates by 40 bps, senior citizens earn as high as 8.6%; check new interest rates here

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Bajaj Finance FD Rates hiked by upto to 40 bps from January 20: Now earn returns up to 8.10%, check Bajaj Finance FD latest calculator

According to the announcement, the interest rate for Bajaj Finance FDs with a maturity of 44 months will be 8.10 per cent p.a. for senior citizens, and 7.85 per cent p.a. for customers below 60 years of age.The new rates will be applicable to all new deposits and renewals with Bajaj Finance for a tenure of 12 to 60 months. source…

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From higher FD rates for senior citizens to tax benefits, a fixed deposit offers many perks to investors in their golden years. A majority of FD issuers also offer higher interest to seniors, which aids them during retirement since these rates are directly proportional to the payout. It is no wonder that a lot of … The post How Seniors Can Benefit From Bajaj Finance Fixed Deposit Rates and More! appeared first on Viral Bake.

Bajaj finance fd rates for senior citizens

Calculate FD interest rates with bajaj finance fd rates for senior citizens online to Earn upto 7.25% ROI on your investments with Bajaj Finserv Markets online FD account

Which Bank Provides the Highest Interest Rate on Your Fixed Deposit?

There isn’t a single aspect of our lives that has not been hit hard by the ongoing pandemic. It has cannoned into every country’s economy. No wonder it influenced RBI’s decision to fix the repo rate at a record low of 4%. This, in turn, has been instrumental in lowering the FD interest rates of banks.

Fixed Deposit allows you to lock in the corpus for a fixed tenure in a bank or a non-banking financial company (NBFC). FD is a secured market-investment tool, wherein you enjoy guaranteed return at low risk. Once your money is stationed at a fixed interest rate, your fixed deposit rate stays unchanged throughout the tenure of your investment, irrespective of any future changes. Before you invest in FD, here’s what you should know:

The lock-in period in an FD typically ranges from 7 days to 10 years. Please note that the tenure is directly proportional to the rate of interest.

The more the amount deposited the higher the rate of interest will be, resulting in a higher return.

Senior citizens enjoy higher rates of interest as compared to normal FD interest rates.

More on Fixed Deposit:

You earn more interest on your FD than your savings account.

Any Indian resident, including minors and Hindu Undivided Family, is eligible to open an FD account

 Withdrawal of money before the maturity of the account is not permitted. You can make a partial withdrawal in case of an emergency.

You need to link your savings account with your FD account. This eases the process of transferring money to your FD account from your savings account and vice versa.

Choose two nominees for your FD account

You can also take a loan against your FD

FD Interest Rates of Different Banks:

For general citizens:

Bajaj Finance FD interest rates are the highest at 7.00% for deposits across all the tenures to individuals below 60 years Banks such as Citi Bank provides an interest rate as low as 2.40%-3.50% on your FD. Some banks—for instance, Allahabad Bank, Bank of India, Bandhan Bank, Corporation Bank, Indian Overseas Bank, PNB and SBI offer rates of interest on your FD within the range of  2.90% to 6% approximately. Whereas, financiers such as DCB Bank, Equitas Small Finance Bank,  ICICI Home Finance, Indian Post Office and PNB Housing Finance allow FD interest rate as high as 4.25% to a maximum of 6.80%. Of all the small finance banks, Jana Small Finance Bank offers the best FD rate of 7.25% to general citizens.

For senior citizens:

Yes Bank provides the best interest rate of 7.50% on their FD. Bajaj Finance FD interest rates stand as high as 6.40-7.25%. Some other banks such as Andhra Bank, Canara Bank, Corporation Bank, Dhanlaxmi Bank, Laxmi Vilas Bank allow FD interest rates between 3.50% and 6.50%. Equitas Small Finance Bank offers up to 7.30%. Amongst the small finance banks, Jana Small Finance Bank offers the best FD rate of 7.75% to senior citizens.

Conclusion:

If you want to invest in an FD, make sure you compare the different interest rates offered by various financial institutes before you park your hard-earned money. Make sure your financer offers a competitive rate of interest, such as Bajaj Finance FD interest rates. Take into consideration a few other factors—such as flexibility of tenure, ease in the process of application and ratings and approvals—and you are good to go.

Investment Options for your Saving

Have you ever heard of people that get rich by saving? No, because hoarding funds is not a great way to for anyone to maximise their profits. Rather, most people with a massive volume of funds get rich by making sound investments that yield substantial returns. Keeping this in mind, it must be said that there are several avenues where one’s investment can prove to be quite profitable in the long run.

Here are five such investment avenues that you can opt for, if you want to multiply your finances.

·         Fixed Deposit (FD)

·         Recurring Deposit (RD)

·         Mutual Funds (MF)

·         Systematic Investment Plan (SIP)

·         Stocks

Fixed deposit is one of the most popular investment avenues and is most preferred due to the safety and stability it offers – similar to that of a savings account.  For investors seeking stability of returns and safe earnings – without being affected by market fluctuations – fixed deposits are the most preferred investment option. When investing in fixed deposits, you invest a lump sum amount for a specified time period. Over this time, the interest accumulates, and you can either choose to gain your interest at maturity or go for periodic pay-outs instead.

While both banks and companies offer fixed deposits, you may get higher interest rates when investing in company FDs, which offer higher returns. However, it is important to invest in a company with high safety ratings, as there may be risks involving loss of capital or delays. To avoid such situations, look for a reliable financier like Bajaj Finance Fixed Deposit, which has the highest safety ratings by leading credit rating agencies like CRISIL and ICRA.

You can benefit from a lucrative interest rate of 8.75%, which can go up to 9.10% for senior citizens. With Bajaj Finance FDs, you can choose your tenor, and opt for periodic pay-outs, depending on your convenience. Start investing with just Rs. 25,000 and watch your money multiply, as you get to enjoy guaranteed returns that are unaffected by any external factors.

Recurring Deposit (RD)

A recurring deposit scheme is similar to that of a fixed deposit, with a few key differences. For starters, a recurring deposit mandates the need for you to spend a specific amount of money on a monthly basis, as opposed to an initial lump sum amount.

The second difference is that recurring deposits provide you with comparatively lower returns, as compared to fixed deposits. This is because – unlike the case of a fixed deposit where the interest is accrued on the entire amount over time – recurring deposits have interest calculated for each subsequent instalment. Ultimately, the level of income you generate would be lower than if you opted for a fixed deposit.

Mutual Funds (MF)

Most people tend to recommend mutual funds as a viable source of investment, but how many of us know what this term entails? The simplest explanation we can provide is as follows – mutual funds are a collective investment in a company, managed by multiple investors (including yourself) who pool in their money to purchase stocks and securities. The overarching objective of this fund is to earn the highest possible returns through what is perceived to be a smart investment.

However, as growth-oriented investments, mutual funds are always subject to market risks, which may directly impact your investment amount.

While it’s possible for you to attain decent returns on your investment, the chances of your investment going down the market due to unfavourable financial conditions are always there.

What we’re trying to say is that investing in mutual funds requires a high risk appetite, and you need to be completely assured of your risk-return ratio before selecting this financial avenue.

Systematic Investment Plan (SIP)

A systematic investment plan is another form of mutual funds, albeit with monthly investments as opposed to a lump sum amount. This system is similar to that of a recurring deposit, serving as a replacement for a one-time investment in a typical mutual fund scheme.

Due to this situation, SIPs share the same drawbacks as both recurring deposits and mutual funds – along with being unstable in terms of returns, the overall income that you accrue will also be lower, as compared to if you choose to go for the usual system of mutual funds.

Stocks

Companies that go public enable people to invest in their shares to obtain a profit. On paper, this might seem like a good deal, but an essential factor to keep in mind is the amount of risk involved in this form of investment.

Remember when we talked about the risk factor involved in mutual funds? Well, company stocks have a higher level of risk, meaning that your investment in this foray can take a turn for the worse if you’re unable to analyse the stock market properly.

Every individual wants to select a viable investment avenue that will help them make the most of their current income or savings. The five sources of investment that we’ve discussed above will help you expedite your decision-making process and figure out the best course of action that can be taken to maximise your return on investment.

Mumbai: Falling bank deposit rates should not make you lose heart. Fixed deposits of top-rated companies could be an attractive investment option, especially for those desiring safety and reasonable returns. With the Reserve Bank of India announcing the closure of government bonds that paid 7.75 per cent interest and the country’s largest lender State Bank of India slashing deposit rates, financial planners are advising investors to consider fixed deposits of companies such as HDFC, Bajaj Finance, ICICI Home Finance and Mahindra Finance.Investors in a corporate deposit can earn as much as 200-240 basis points higher than deposit with a nationalised bank like SBI. While an SBI deposit pays a maximum of 5.4 per cent, a deposit in Mahindra Finance pays 7.8 per cent for 40 months. Bajaj Finance offers 7.6 per cent for a five-year deposit. Investors can opt to receive interest payment on a monthly, quarterly or annual basis, and many retirees often use such products to meet their monthly expenses.76082206“Uncertainty in stock markets, negative environment around debt mutual funds and no fresh issuance of NCDs is turning investors towards corporate fixed deposits,” said Anup Bhaiya, CEO, Money Honey Financial, a Mumbai-based distributor.Investors prefer these companies because of their stable track record, strong parentage and top-notch ratings. While there is a preference for safety over higher returns, investors deem the current rates offered by banks to be unviable. The government bonds offered post-tax returns of 4.4 per cent annually for a person in the highest tax bracket. Though returns were not considered high, individuals preferred them for their safety. The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.“Investors are looking to lock money at higher rates in these corporate deposits as they believe rates will go down further,” said Rupesh Bhansali, head (distribution), GEPL Capital.Many senior citizens prefer corporate deposits over debt mutual funds as these are simple to understand, with defined rate of interest. The scrapping of six schemes by Franklin Templeton that has led to redemptions being stopped indefinitely has contributed to the aversion to debt funds. Returns after tax deductions in these fixed deposits work well for those whose income are not subject to tax or for people in the marginal tax bracket.Financial planners point out that investments in company FDs should be done after planning for emergency funds. “Build your contingency fund first through bank deposits and after that is done, opt for such deposits. Since they are illiquid, investment must be made with a view of holding till maturity,” says Vinayak Kulkarni, a Mumbai-based financial adviser. from Economic Times https://ift.tt/2Xb7RiW

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Fixed Deposit Calculator: Everything you should know

If earning high returns while assuming low risk is your investment objective, then FD is one of the best options for you. Once you invest in a fixed deposit, your interest rate is locked in for the entire tenor and thus, remains unchanged. Therefore, shopping around for the highest interest rates will help maximise your returns. Bajaj Finance is one such issuer who offers Fixed Deposits with interest rates of up to 8.75% for regular investors and up to 9.10% for senior citizens. Unlike most investment options, you can calculate your maturity proceeds in advance for an FD. This is possible by using the FD Interest Rate Calculator, which is a simple virtual tool offered by most issuers. With an FD calculator, you can determine the right investment amount for the desired tenor to arrive at your preferred maturity amount.

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How do you Calculate FD Interest on a Calculator?

With the development of the online procedure to apply for an FD, the process of opening a Fixed Deposit has become much simpler. Instead of standing in never-ending queues and documentation, you can now open a fixed deposit account within a few days and a few clicks. Moreover, you can now compute the FD interest rates and the returns using the online FD interest calculator.

You might need to provide a few details such as the customer type, amount to be deposited, tenor, type of FD, and the frequency of the interest payouts to know the accurate returns. If you opt for a non-cumulative FD, the interest earned is paid to you on a monthly/ quarterly/ half-yearly/ yearly basis as per your preference. On the other hand, if you opt for a cumulative FD, the fixed deposit interest rates are calculated on a quarterly or yearly basis and added to the invested amount and returned to you after the maturity period. Financial experts suggest investing in cumulative FD for earning high returns as compared to non-cumulative FD.

How to Use an Online FD Calculator?

Although there are manual methods to calculate the FD interest rates, with an Online FD interest calculator, the calculation part is carried out online when all you do is provide a few basic details. One of the prominent financial companies in India, Bajaj Finance is known for its quick application and processing. Along with many lucrative investment options, the company offers attractive FD interest rates up to 9.10% which is the highest amongst other secure investment options.

You can deposit a sum as low as Rs. 25000, choose tenor from 12 months to 60 months, select the type of FD and hence the frequency of the interest payout, and calculate the FD returns using the online FD interest calculator. You can quickly find the online FD calculator from the website. Below mentioned are a few steps you need to carry out in order to calculate your FD returns efficiently:

Step 1

Since Bajaj Finance offers a special tenor FD for 15 months, you need to choose whether you want to opt for a 15-month FD or you want to calculate the returns for a regular FD with tenor from 12 months to 60 months.

Step 2

Next, you need to select the type of customer from the customer category of new customer, existing customer, and senior citizens. This step is essential as the company offers high interest rates to its senior citizen customers as well as existing customers.

Step 3

The 3rd step is to choose the type of FD from cumulative and non-cumulative FD.

Step 4

Based on your choice of the type of FD, you may get the flexibility to select the frequency of the interest payout. If you have chosen a non-cumulative FD, you will have the flexibility to choose the frequency of interest payout while if you opt for cumulative FD, the interest payout will be along with the maturity amount or on an annual basis. If you do not wish to collect the interest rates after one year, you can reinvest them along with the maturity amount to for higher gains.

Step 5

You need to choose the amount you wish to deposit in your FD account; the minimum of which is Rs. 25000. As per your provided information, the interest rate will be displayed on the online calculator.

Step 6

Next, if you have not opted for special tenor FD of 15 months, you need to choose the tenor of your FD as per your convenience from 12 months to 60 months.

After the completion of these steps, the interest rates on Fixed Deposit, as well as the maturity amount you will earn from your investment, shall be displayed on the screen. Based on the results, you can manage your finances and invest your money as per your financial health and your financial goals. With FAAA and MAAA highest credit rating from CRISIL and ICRA, the company reflects credibility and the security of the invested money. In case of any queries regarding your investment in FD, the company has offered its 24/7 contact number as well as email ID for assistance and support.

यह एनबीएफसी दे रहा है स्पेशल एफडी पर 7.45 फीसदी तक का ब्याज, चेक करें डिटेल

यह एनबीएफसी दे रहा है स्पेशल एफडी पर 7.45 फीसदी तक का ब्याज, चेक करें डिटेल

New Delhi. Fixed Deposit (FD) is one of the easiest and safest saving schemes to increase income. These are risk free and have guaranteed returns. Senior citizens are the biggest beneficiaries of FDs. Banks, NBFCs (Non-Banking Financial Institutions) and other financial institutions offer FDs with attractive interest rates. NBFC Bajaj Finance Special FD Scheme offers special interest. It gives…

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How do you Calculate FD Interest on a Calculator?

With the development of the online procedure to apply for an FD, the process of opening a Fixed Deposit has become much simpler. Instead of standing in never-ending queues and documentation, you can now open a fixed deposit account within a few days and a few clicks. Moreover, you can now compute the FD interest rates and the returns using the online FD interest calculator.

You might need to provide a few details such as the customer type, amount to be deposited, tenor, type of FD, and the frequency of the interest payouts to know the accurate returns. If you opt for a non-cumulative FD, the interest earned is paid to you on a monthly/ quarterly/ half-yearly/ yearly basis as per your preference. On the other hand, if you opt for a cumulative FD, the fixed deposit interest rates are calculated on a quarterly or yearly basis and added to the invested amount and returned to you after the maturity period. Financial experts suggest investing in cumulative FD for earning high returns as compared to non-cumulative FD.

How to Use an Online FD Calculator?

Although there are manual methods to calculate the FD interest rates, with an Online FD interest calculator, the calculation part is carried out online when all you do is provide a few basic details. One of the prominent financial companies in India, Bajaj Finance is known for its quick application and processing. Along with many lucrative investment options, the company offers attractive FD interest rates up to 9.10% which is the highest amongst other secure investment options.

You can deposit a sum as low as Rs. 25000, choose tenor from 12 months to 60 months, select the type of FD and hence the frequency of the interest payout, and calculate the FD returns using the online FD interest calculator. You can quickly find the online FD calculator from the website. Below mentioned are a few steps you need to carry out in order to calculate your FD returns efficiently:

Step 1

Since Bajaj Finance offers a special tenor FD for 15 months, you need to choose whether you want to opt for a 15-month FD or you want to calculate the returns for a regular FD with tenor from 12 months to 60 months.

Step 2

Next, you need to select the type of customer from the customer category of new customer, existing customer, and senior citizens. This step is essential as the company offers high interest rates to its senior citizen customers as well as existing customers.

Step 3

The 3rd step is to choose the type of FD from cumulative and non-cumulative FD.

Step 4

Based on your choice of the type of FD, you may get the flexibility to select the frequency of the interest payout. If you have chosen a non-cumulative FD, you will have the flexibility to choose the frequency of interest payout while if you opt for cumulative FD, the interest payout will be along with the maturity amount or on an annual basis. If you do not wish to collect the interest rates after one year, you can reinvest them along with the maturity amount to for higher gains.

Step 5

You need to choose the amount you wish to deposit in your FD account; the minimum of which is Rs. 25000. As per your provided information, the interest rate will be displayed on the online calculator.

Step 6

Next, if you have not opted for special tenor FD of 15 months, you need to choose the tenor of your FD as per your convenience from 12 months to 60 months.

After the completion of these steps, the interest rates on Fixed Deposit, as well as the maturity amount you will earn from your investment, shall be displayed on the screen. Based on the results, you can manage your finances and invest your money as per your financial health and your financial goals. With FAAA and MAAA highest credit rating from CRISIL and ICRA, the company reflects credibility and the security of the invested money. In case of any queries regarding your investment in FD, the company has offered its 24/7 contact number as well as email ID for assistance and support.

Bajaj Finance FD Rates hiked by upto to 40 bps from January 20: Now earn returns up to 8.10%, check Bajaj Finance FD latest calculator

According to the announcement, the interest rate for Bajaj Finance FDs with a maturity of 44 months will be 8.10 per cent p.a. for senior citizens, and 7.85 per cent p.a. for customers below 60 years of age.The new rates will be applicable to all new deposits and renewals with Bajaj Finance for a tenure of 12 to 60 months. source…

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Blogs 2 Read

How do you Calculate FD Interest on a Calculator?

With the development of the online procedure to apply for an FD, the process of opening a Fixed Deposit has become much simpler. Instead of standing in never-ending queues and documentation, you can now open a fixed deposit account within a few days and a few clicks. Moreover, you can now compute the FD interest rates and the returns using the online FD interest calculator.

You might need to provide a few details such as the customer type, amount to be deposited, tenor, type of FD, and the frequency of the interest payouts to know the accurate returns. If you opt for a non-cumulative FD, the interest earned is paid to you on a monthly/ quarterly/ half-yearly/ yearly basis as per your preference. On the other hand, if you opt for a cumulative FD, the fixed deposit interest rates are calculated on a quarterly or yearly basis and added to the invested amount and returned to you after the maturity period. Financial experts suggest investing in cumulative FD for earning high returns as compared to non-cumulative FD.

How to Use an Online FD Calculator?

Although there are manual methods to calculate the FD interest rates, with an Online FD interest calculator, the calculation part is carried out online when all you do is provide a few basic details. One of the prominent financial companies in India, Bajaj Finance is known for its quick application and processing. Along with many lucrative investment options, the company offers attractive FD interest rates up to 9.10% which is the highest amongst other secure investment options.

You can deposit a sum as low as Rs. 25000, choose tenor from 12 months to 60 months, select the type of FD and hence the frequency of the interest payout, and calculate the FD returns using the online FD interest calculator. You can quickly find the online FD calculator from the website. Below mentioned are a few steps you need to carry out in order to calculate your FD returns efficiently:

Step 1

Since Bajaj Finance offers a special tenor FD for 15 months, you need to choose whether you want to opt for a 15-month FD or you want to calculate the returns for a regular FD with tenor from 12 months to 60 months.

Step 2

Next, you need to select the type of customer from the customer category of new customer, existing customer, and senior citizens. This step is essential as the company offers high interest rates to its senior citizen customers as well as existing customers.

Step 3

The 3rd step is to choose the type of FD from cumulative and non-cumulative FD.

Step 4

Based on your choice of the type of FD, you may get the flexibility to select the frequency of the interest payout. If you have chosen a non-cumulative FD, you will have the flexibility to choose the frequency of interest payout while if you opt for cumulative FD, the interest payout will be along with the maturity amount or on an annual basis. If you do not wish to collect the interest rates after one year, you can reinvest them along with the maturity amount to for higher gains.

Step 5

You need to choose the amount you wish to deposit in your FD account; the minimum of which is Rs. 25000. As per your provided information, the interest rate will be displayed on the online calculator.

Step 6

Next, if you have not opted for special tenor FD of 15 months, you need to choose the tenor of your FD as per your convenience from 12 months to 60 months.

After the completion of these steps, the interest rates on Fixed Deposit, as well as the maturity amount you will earn from your investment, shall be displayed on the screen. Based on the results, you can manage your finances and invest your money as per your financial health and your financial goals. With FAAA and MAAA highest credit rating from CRISIL and ICRA, the company reflects credibility and the security of the invested money. In case of any queries regarding your investment in FD, the company has offered its 24/7 contact number as well as email ID for assistance and support.

Benefits For Senior Citizens In Investing In Bajaj Finance Fixed Deposit | Hugecount

Fixed deposits remain one of the most credible investment options for Indian investors. The high-interest rates, assured returns, flexible tenor, tax benefits, and a wide range of choices have made it a popular investment instrument for investors across all classes- including senior citizens.

Unlike young investors, senior citizens cannot afford to lose their capital.  FDs are considered to be one of the safest investment options for senior citizens as the safety of the principal amount is guaranteed, and the returns on FD do not get affected by changing market conditions.

To avail higher returns from fixed deposits, senior citizens should explore FD schemes offered by non-banking financial companies like Bajaj Finance. Senior Citizen Fixed Deposit from Bajaj Finance remains one of the most popular choices among senior citizens as it offers a host of benefits like:

Online access

Senior citizens can access their fixed deposit accounts from the comfort of their homes using Experia- your online fixed deposit account. It is the online customer service portal of Bajaj Finance that facilitates online account opening, online transactions, and tracking and management of multiple FDs.

FD calculator

Comparing different fixed deposit schemes and calculating the returns can be done easily with the help of Online FD calculator from Bajaj Finance. Hence, senior citizens do not need an investment advisor to help them select and manage their FD investments. By entering simple details like the principal amount, rate of interest, and interest payout frequency, total earnings can be calculated using the fixed deposit calculator.

Flexibility

You can select the deposit amount and tenor as per your convenience. You can start investing with as low as INR 25,000, and the upper limit is INR 5 crores. The tenor can be set between 12 months to 60 months as per your preference. Short tenors will help you safeguard your investments against inflation while long tenors can help you build a substantial corpus. It’s best to stagger your deposits across different tenors.

High-interest rates

Bajaj Finance offers some of the best interest rates in the Indian market with up to 8.75% for regular customers. However, senior citizens can enjoy a higher interest rate up to 9.10% which makes it 0.35 higher than the regular interest rate. This privilege is only provided to the senior citizens to help them earn more on their savings.

Stability

Fixed deposits are low-risk investments since they are not affected by market risks and fluctuations. Bajaj Finance FD has been accredited with high safety ratings by ICRA and CRISIL. Therefore, senior citizens do not have to worry about their investments while investing in Bajaj Finance Fixed Deposits.

Liquidity

With Senior Citizen Fixed Deposit scheme from Bajaj Finance, you can easily go for a premature withdrawal whenever there is an urgent requirement for cash. You can also avail a loan against FD at a very nominal rate of interest.

Range of options

With Bajaj Finance, you can choose the interest payment frequency as per your needs. You can use your FD investments as a source of generating stable income by choosing non-cumulative FDs that offer monthly, quarterly, and half-yearly payouts. Such periodic earnings can be used for meeting regular expenses post-retirement.

Senior citizens who are targeting long term investments can apply for cumulative fixed deposits that generate sizeable returns at the end of FD tenor. The interest for these deposits is calculated on a compounded basis which provides higher maturity amount. However, it should be noted that for greater returns you have to lock-in the deposit for a longer duration.

The FD interest rates offered by Bajaj Finance are perfect for generating high returns. Also, your invested amount remains immune to changing market conditions when you invest in Bajaj Finance FD. It is an ideal option to offset the risks that other market-dependent investments bring to your portfolio. Therefore, senior citizens who are looking for a stable and fixed source of income can invest in a Bajaj Finance FD to minimize their investment risks and to maximize the returns from their savings.

Source: https://hugecount.com/business/benefits-for-senior-citizens-in-investing-in-bajaj-finance-fixed-deposit/

Post Complaint on IndianMoney If NBFC Cheats You – Indian money

Post Complaint on IndianMoney, NBFC Cheats You, and NBFC fixed deposits, Citizens complain against NBFCs, Complaints against NBFC, Complaint with NBFC Ombudsman, and Cheated by banks

Many citizens have been cheated when investing in NBFC FDs. People invest in NBFC fixed deposits as they offer higher interest rate than Bank FDs. SBI has hiked FD interest rate to 6.8% for fixed deposits between 1-2 years. Many bank FDs offer interest around 6.5%. Senior citizens enjoy even higher rates.

You may be tempted to invest in NBFC FDs as they offer a higher interest than bank FDs. Bajaj Finance FDs offer interest rate of 8.75% to 9.1%. Senior citizens are offered even higher rates. LIC HF fixed deposit rates are 8.15-8.3% for 1-5 years. Senior citizen FD rates are 8.4-8.55%. Fixed deposits of Fincare Small Finance Bank offer around 8%, ESAF Small Finance Bank around 8.75%, AU Small Finance Bank around 7% and Ujjivan Small Finance Bank around 8%.

For those who don’t know, NBFCs are engaged in the business of loans, stocks, bonds, debentures, securities, leasing, insurance, hire-purchase and chit business. Some of the reputed NBFCs are HDFC, Reliance Capital, LIC Housing Finance, Rural Electrification Corporation (REC), Mahindra and Mahindra Finance, PNB Housing Finance, TATA Capital among others.

IndianMoney tells you to register a complaint against NBFCs if you have been cheated. You can register the complaint with NBFC Ombudsman. IndianMoney reviews are India’s leading financial education company which looks to curb the misleading sales practices rampant in the financial services sector. Want to know more on fixed deposit? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

Post Complaint on IndianMoney If NBFC Cheats You

For years people who were cheated by NBFCs had no one to complain. Citizens who were cheated in NBFC FDs or credit cards couldn’t register complaints in case of deficiency of services or deposit defaults. RBI has stepped in and launched the NBFC Ombudsman Scheme for redressal of complaints against NBFCs.

SEE ALSO: Post Complaint On IndianMoney If You Are Cheated In Home Insurance

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