The third week of June is celebrated as Father’s Day in India. It is the day when fathers are appreciated by their children for all the hard work that they put in raising them and giving them a good upbringing. Children usually shower their father with expensive and heart-touching gifts as a token of their gratitude. Investment-savvy children, however, gift their father a retirement plan that will take care of their financial needs in their retirement years. Fixed deposit for senior citizens are among the choice investment options for senior citizens taken by their children.
The reason fixed deposits are popular is because they are among the safest investment avenues. They also provide stability, good returns and great flexibility. Fixed deposits (FD) from NBFCs are among the most attractive in the market. This is because the FD interest rates offered are the most competitive in the market. Not only that, you can also use the online FD calculator that helps you in planning your investment and their returns in advance.
Fixed Deposits are the best gift that you can gift your father this Father’s Day. Here are some of the reasons why they are an ideal choice.
The first step is also the simplest and the most convenient. All you need to do is go to the Bajaj Finserv website and fill the FD application form. That is all you have to do, and a representative will get in touch with you soon. The online procedure saves a lot of hassle and eliminates the need for lengthy paperwork. Additionally, you don’t have to stand in queues to get your fixed deposit account opened as well.
You know exactly what returns you are going to get and at what intervals, even before you fill the application form for a Bajaj Finance Fixed Deposit account. This has been made possible due to the FD calculator. This tool lets you gauge the returns possible by modifying the principal and tenor of the FD. Apart from this, the calculator also lets you see which option will give you better returns: a cumulative interest FD or non-cumulative interest FD.
Low deposit amount
You don’t need huge savings to gift your father with the best retirement plan. Bajaj Finance Fixed Deposits can be opened with a minimum deposit as low as Rs.25,000. This low entry point ensures that you can start investing early and not have to worry about accumulating a large corpus.
Great returns on investment
FDs from Bajaj Finance come with the most attractive interest rates that give you much better returns that the competition. We have interest rates on our FDs starting from 8.40% that go up all the way to 8.75%. This allows you to grow your father’s retirement corpus faster, and with the stable reputation that FDs have, they become the best investment avenue for growth of your savings.
Higher rate for the elderly
What makes Bajaj Finance FDs the ideal choice as a Father’s Day gift is the fact that senior citizens are eligible for an even higher interest rate, over and above the already lucrative standard rate. The elderly can get 0.35% more interest on their investment, thus helping them get more value for their money.
Fixed deposits have zero exposure to equity markets and are the investment vehicle of choice for many Indians. They are considered among the safest forms of investment and guarantee fixed returns, no matter what the market condition. With fixed deposits, the principal amount as well as the interest is guaranteed, and the gains assured. FDs from Bajaj Finance are highly rated on safety and stability with a MAAA rating from ICRA and a FAAA rating from CRISIL.
Bajaj Finance FDs are extremely flexible in nature and high on convenience. Not only do they have a low minimum deposit amount, but also come with flexible tenors. You can choose from a period between 12-60 months depending on your holding capacity or investment goals. There is also a special 15-month special tenor FD that offers 0.25% more than the ROI of a standard 12-month FD.
Management of account online
Bajaj FDs are offered with online account management; this means that you can check details pertaining to your account any time you want. This way, you are always aware of what is going on with your investments, and are able to keep track of the same.
With such a wide range of benefits, FDs from Bajaj Finance are the number one choice for a Father’s Day gift. Additionally, Bajaj Finserv also brings pre-approved offers for personal loan, home loan, EMI finance on different products, and other financial services. If you are in need of financial assistance, all you have to do is share a few basic details and we will get back to you.
Bajaj Finserv brings you pre-approved offers for personal loans, home loan, business loans and a host of other financial products. Not only does this simplify the process of availing financing, but also helps you save on time.