6 reasons why you would love the Samsung Galaxy S7 Edge

6 Reasons why you would love the Samsung Galaxy S7 Edge

The Samsung Galaxy S7 and S7 Edge have been crowd-pleasers ever since they were launched in early 2016. However, it didn’t come as a surprise that the price tag for these amazing smartphones matched their revolutionary features. But now, Samsung and Bajaj Finserv are running some amazing cashback offers on the smartphone, adding affordability to its list of distinguishing features.

The S7 Edge was highly anticipated among all circles, primarily because its predecessor, the S6, won a ton of awards. With 5.1” Quad HD Super AMOLED display, 16MP rear camera and 5MP front camera, fast charging, and a lightning fast 64-bit, Octa-core processor, the S6 was unbelievably powerful and deserved all the accolades showered upon it. Therefore, when Samsung came up with the proposition of a smartphone that would be a step better than the S6 in all respects, expectations were sky-high. Thankfully, the S7 Edge not only matched up to its hype, but also shattered new records. Read on to know more.

High on features, low on cost

Here are a few reasons that make the Samsung Galaxy S7 Edge stand out:

  1. Artful design

Most smartphones serve just one of two purposes—either they’re beautiful to look at or extremely user-friendly to carry and handle. But not so with the S7 Edge—this smartphone offers the slimmest, smoothest experience without sacrificing on screen size. The 5.5” Quad HD dual edge Super AMOLED display with water and dust resistance offers everything you could hope for, and more.

  1. Feature-packed camera

The S7 Edge is equipped with a dual pixel 12 MP rear camera and a CMOS 5 MP front camera to capture your wildest adventures with crystal-clear perfection. And that’s just the beginning—the bright f/1.7 lens and large 1.4µm pixels provide the ideal low light photography, the super-accurate autofocus captures movement with ease, and the motion panorama and photo have the power to transform you into a professional photographer with a single tap.

  1. Potent hardware

Truly a smartphone like no other, the S7 Edge is as beautiful on the inside as it is on the outside. A new custom CPU that’s 30% faster than the S6, a powerful GPU that’s 64% quicker, and 4GB of RAM raised from 3GB for the S6 combine to offer unmatched performance. Factor in the greater memory expansion options, dual SIM availability, plus a much longer battery life, and you can’t go wrong with choosing this device.

  1. Serious gaming power

The graphics requirements for games is always something you have to compromise on when buying a beautiful and elegant smartphone. With the S7 Edge, that is no longer the case. This device offers a slew of gaming tools to ensure you always come out a winner.

  1. Fun accessories

Your smartphone is a part of your identity, and with the S7 Edge, you can experiment all you like to give it a customized look that makes you stand apart. With add-ons like the LED view cover, S view cover, and the Flip wallet, nothing is beyond your reach.

  1. Affordability helped by great financing

The one thing that could have discouraged you from owning this incredible device was its high price tag. However, Samsung and Bajaj Finserv bring you unbelievable cashback offers that make purchasing the S7 Edge a breeze.

So what are you waiting for? Buy the Samsung S7 Edge using the Bajaj Finserv EMI Card, which allows you to avail attractive benefits such as no-cost EMI, no documentation, and no processing fee. What’s more, get a cashback of Rs.10,000 on the S7 Edge 32GB (Coral Blue), and Rs.5,000 cashback on all other S7 smartphones!

Click here to find your dream smartphone today!

Best Investment Options for Senior Citizens

Srinivas has been a banker all his life. Soon, he is going to retire from his professional career. He has no plans of working during his retirement. So he wants his money to work for him. As a banker, he has explored the best investment options for senior citizens. This is what he found:

Fixed Deposits

Retired people have two major financial needs. One is steady income. Another is safety of capital. Fixed deposits (FDs) score high on both aspects. That is why FDs are the most popular choice among senior citizens. Suppose you invest in an FD. Then you can withdraw the interest on a monthly, quarterly, or yearly basis. Also, senior citizens get a higher FD interest rates. This gives an extra boost to your savings. Remember that it Look for corporate FDs with non-banking finance companies (NBFCs) and other institutions. They tend to offer higher returns to investors.

Current return: Varies between companies from 5.5% to 7.5%

Lock-in period: 7 days to 10 years

Senior Citizen’s Savings Scheme (SCSS)

The SCSS is another popular investment option among retirees. This scheme is available for senior citizens as well as early retirees. You can get this product from any post office or bank in the country. It has a five-year term. But you can extend it by another three years after the scheme matures. It is popular among investors for various reasons. The upper limit is Rs.15 lakh. But investors can open several SCSS accounts if they want to invest more. Investments in this scheme are eligible for tax benefits under Section 80C of the Income Tax Act.

Current return: 8.4% per year

Lock-in period: 5 years (extendable by 3 years)

Post Office Monthly Income Scheme

This is an investment scheme offered by the post office. It is a great option to earn consistent returns. It is ideal for senior citizens. as You will not need not go to the post office every month to collect your money. Instead, the interest you earn can be directly transferred to a savings account. The best way to use this scheme is to transfer the interest amount to a recurring deposit account.

Current return: 7.6% per year, payable monthly

Lock-in period: 5 years

Mutual Funds

Other investment options have their limits. For example, income from interest and dividends can be exposed to may not cope up with inflation rates. To combat this threat, you can invest a part of your money in equity-based mutual funds.

You might think that investing in mutual funds is unsafe for senior citizens. After all, nobody wants to lose their hard-earned money during retirement. So, consider diversifying your portfolio across large-cap funds or balanced funds. This will help you earn good returns with the least exposure to risk. The basic aim of investing in mutual funds at this stage is to earn steady rather than volatile returns. But make sure you avoid risky ventures in mid-cap investments or sectoral funds.

Current return: 10% to 15% average return

Lock-in period: No lock-in period for open-ended schemes. Equity-linked savings schemes (ELSS) have a lock-in period of 3 years.

Pension Plans

It is important for senior citizens to have pension plans in their portfolio. These plans offer a regular source of income at the time of retirement. There are many pension plan schemes in the market. They include schemes offered by the government as well as by private companies.

Current return: 8% (Varishta Pension Bima Yojana by LIC)

Lock-in period: 10 years

Summary

Senior citizens should not ‘put all their eggs in one basket’. You need to be careful about your investments when you retire. Suppose you put all your money in a single investment option. You may get low interest rates. The investment might not adjust for inflation. Or you could lose your capital. Instead, invest in a variety of options. Then you can get the best returns according to your financial needs.

Calculate FD Maturity Amount

Invest in FD @8.05% High Interest Rate

5 reasons to open a company Fixed deposit

5 Reasons to open a company Fixed deposit

Purab Chib recently moved to a metro city from a small town in Jammu. He was struggling for a better lifestyle and to that end, he wanted to start afresh. He had invested all his life savings in a fixed deposits (FDs). He closed all his FDs when he came to the metro. Thus, he wanted to open FDs when he moved to the metro. He asked his colleagues to suggest a good bank for opening the FDs. One of his colleagues advised him to open a company FD instead of Bank FD.

Purab was unaware that certain companies also offer FDs. On doing further research, he realized that various Financial Institutions (FIs) and Non-Banking Financial Companies (NBFCs) offered FD options.

Let’s take a peek at 5 reasons why you must opt for a company FD:

Interest

Company FDs offer higher returns than banks. The interest rate offered by FIs/NBFCs is usually a percent or two higher than banks. Many FIs and NBFCs offer additional interest to their employees, existing loan customers and senior citizens. You can also be entitled to special interest rates if you make heavy deposits in company FD accounts. Usually, deposits of more than Rs.5 crore are eligible for such special rates. Finally, several FIs/NBFCs allow you to choose your interest scheme. You can choose to receive a cumulative interest. Alternatively, you can also opt for periodic interest payments (Non-cumulative).

Security

Banks are perceived to be comparatively safer in terms of repayments. However, this does not make FIs/NBFCs undesirable. You must check the institution’s credibility before investing in their FDs. There are several FIs/NBFCs that offer high security to your investment. The FIs and NBFCs are accredited ratings by Investment Information and Credit Rating Agency (ICRA) and Credit Rating Information Services of India Limited (CRISIL). Such ratings can help you feel safer and more stable when investing with a higher rated FIs/NBFCs.

Taxation

The interest income that you earn on FDs is fully taxable. Banks and FIs/NBFCs deduct tax at source (TDS) only if your interest income exceeds Rs. 10,000 and Rs.5,000 per annum, respectively. If you do not have a taxable income, you must inform the bank/FI/NBFC. You need to submit certain forms to ensure that they do not deduct TDS on your interest income. The tenor of your FD also helps you save tax. You can avoid paying tax on the principal amount up to Rs.1.5 lakh if you open an FD for 5 years.

Flexible tenor

Flexibility is one of the reasons why you must opt for a company FD. FIs/NBFS offer flexibility in terms of interest schemes, document requirements and so on. They also have flexible tenor. Most of them offer a tenor that ranges from 12 to 60 months. Also, you can open more than one FD. Thus, you can have different FDs of different tenor as per your needs and goals.

Online services

To open a company FD account, you can apply on their websites in just a few clicks. They then send their officials to collect your documents. You can also get interest-related and other information online. Most FIs/NBFCs have an online customer portal to assist you. For any queries, you can log in there. You can even use their online FD calculators to determine your maturity amount.

Other facilities

Many FIs/NBFCs offer several other services and facilities. You can use their online FD calculators to determine your maturity amount. You can check how a change in the tenor or deposit amount changes the interest receivable. In the case of emergency, you can borrow up to 90% of your company FD amount. This can be done with nominal or nil processing fees. You can also withdraw before the end of the tenor. However, you will have to pay a penalty for the same.

The bottom line

You can get better returns on your savings by investing in company FDs. You are also entitled to several offers and benefits when you open a company FD.

Know More FD Interest Rate

Invest in FD @8.05% High Interest Rate

Flexi Loan Features and Benefits

Flexi Loan features and benefits

Why let a lack of funds stop you from living your dreams? Bajaj Finserv Flexi Loan gives you the power to manage your expenses in a smart, efficient way, so you can go ahead and live your life to the full!

Tips to manage your Home Loan in a smart way

Tips to manage your Home Loan in a smart way

Paying off your home loan requires a lot of planning and foresight. Planning well for your EMIs can make all the difference to your finances. Here are a few smart tips to help you manage your home loan payments, so that you can enjoy your dream home stress-free.

Benefits of applying a Home Loan Online

Benefits of applying a Home Loan online

Want to get a home loan so you can buy your dream house? Apply for a Bajaj Finserv Home Loan online – it’s easy, hassle-free, and saves you the headache of waiting for days to get your loan approval status!

Tips to Improve Home Loan Eligibility

Tips to Improve Home Loan eligibility

Worried about getting approval for your home loan? These handy tips to increase your home loan eligibility can make all the difference, and help you buy your dream house hassle-free

Fixed or Floating Interest Rate!Which is Ideal for your Home Loan

Fixed or Floating Interest Rate!Which is Ideal for your Home Loan

Home loans require a lot of long-term financial planning, and the type of interest rate can make all the difference to your EMIs. Watch this video to find out whether a fixed interest home loan is right for your needs, or should you opt for floating interest instead

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