Unmissable Beneficial Investment Options

Unmissable Beneficial Investment Options

Risk-free investment is what most of the people are interested in. Nobody wants to risk his or her hard-earned money in an avenue which does not provide safety of returns. Such is the time that people do not just want to safeguard their funds but also increase it considerably. The minimal risk would never yield returns which are as high as those with high risk. However, there is a middle ground. In this area there are options wherein, the investment options are risk-free, and they offer a higher amount of returns.

These investment options help you to earn a considerable profit with security and tax savings. Each of these investment options has certain peculiar feature. Based on these options, you can choose which form of investment is the most favourable one for you.

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Here are a few risk-free investment options:

Fixed Deposits: Fixed Deposit is inarguably one of the safest investment avenues. They are preferred over any investment when it comes to safety. Fixed Deposits are a go-to-option because they offer higher returns with minimal risk. There are options available when it comes to investing in a fixed deposit. FD interest rates are higher as compared to a savings account. Furthermore, the fixed deposit offered by the Non-Banking Financial Company (NBFC) is as good as market linked risk prone investments. Leading NBFCs are offering interest rates of up to 8% on fixed deposit investment.

Post Office Deposit: An investment in Post Office Deposit can be made up to 5 years. The longer the tenure you opt for, the higher will be the rate of interest you earn. Though the interest earnings are not as high as NBFCs’ fixed deposit; it is a good way to accumulate money over the large period. The primary benefit under this investment avenue is that you receive tax benefits.

Recurring Deposits: Under this option, you need to make the regular monthly investment. It is a good option for investors with stable monthly income. Recurring deposit is the combination of fixed deposit and savings. An investment in recurring deposit can help you make a decent amount of money over a certain period.

Fixed Maturity Plans: A close ended scheme which has fixed term. A Fixed Maturity Plan is flexible as it offers tenure starting from 1 month to up to five years. Under Fixed Maturity Plan, the investment is invested in market securities. The profits earned from those investments help in making a considerable amount of money. However, when deciding to invest in this avenue, make sure that you only choose an AAA-rated FMP schemes.

Debt Mutual Funds: Under Debt Mutual Funds, the amount that you invest is allocated towards bonds and government securities. Mutual Funds do not have a fixed term. However, you can take your money out at whatever time you wish. You do not have to pay the penalty as compared to other forms of investment where you need to pay a certain penalty if you decide to withdraw prematurely.

Public Provident Fund: PPF is one of the most preferred investment schemes in the country. The most intriguing part about PPF is that it offers an interest rate of up to 9%. Even the investment cap offers flexibility as an investment can be made between the amounts of INR 500 to INR 1, 50,000 in a single year.

Thus, these were the few options wherein you can invest and make a considerable profit.

Calculate FD Maturity Amount

Invest in Fixed Deposit

How Doctors Can Ensure Their Financial Well-Being With Doctor Loans

How Doctors Can Ensure Their Financial Well-Being With Doctor Loans

Dr Seema Bisht was in the process of expanding her dermatology clinic, shifting to a better location near the city centre. She also needed to hire more staff and purchase additional equipment like derma pens, skin lasers, dermatoscopes and cryoprobes for her practice. Looking for the right financing option, she heard of a customized loan for doctors that could take care of all her financial concerns. Built for doctors like her, the loan took care of her five most important concerns:

  1. No wastage of time with easy online application and straightforward eligibility criteria
  2. No hidden charges with transparency in interest rate and other fees
  3. No need for her to travel with door-step service for document pickup
  4. No long wait for sanction of the loan with approval within 24 hours
  5. No need of collateral or guarantors to avail the personal and business loan

She Applied For A Business Loan For Doctors And Experienced Benefits Such As:

  • Loan amount of Rs.30 lakh that she could use to finance her clinic expansion needs
  • Nominal rate of interest which made her EMIs more affordable
  • Flexible repayment period from 12 to 60 months that gave her the freedom to choose a tenor that suited her income and current expenses
  • Minimal documents that didn’t require much effort to collect and submit
  • Line of credit facility that gave her the flexibility to avail what she needed from a credit line and pay only interest as EMIs
  • Part pre-payment option without any charges that made it easy for her to reduce her principal when she had excess funds
  • Pre-approved offers to other loans at attractive interest rates
  • Online access to loan account so she could check her repayment schedule and make EMI payments without needing to visit the branch

Today, Dr Bisht enjoys the feeling of helming a new and improved clinic. She realised that loans for doctors offer a total of 4 types of loans, which are Personal Loans, Business Loans, Home Loans and Loans Against Property. The next goal on Dr Bisht’s agenda is taking a home loan and purchasing the home of her choice for her family.

Like her, you too can gain immensely from the various benefits of doctor loans. These loans ensure your financing well-being in the following ways:

  1. Offer you competitive interest rates so that your loan becomes cost-effective
  2. Offer you finances to cater to all your needs; be it for a range of personal reasons via a personal loan, for working capital, attending medical seminars out of the country or other business needs for your practice via a business loan, for purchasing a home via a home loan or for buying your second home or expanding your hospital via a loan against property
  3. Offer high loan amounts up to Rs.30 lakh for personal and business loans and up to Rs.2 crore on home loans and loans against property
  4. Offer you a line of credit option on personal loans, business loans, and loans against property to help you manage your cash flows better with interest-only EMIs
  5. Offer your flexible tenors up to 60 months for personal and business loans, up to 180 months for loans against property and up to 240 months for home loans
  6. Offer quick processing for urgent financial needs within just 24 hours

With simple eligibility criteria and a range of value-added services, Bajaj Finserv’s Loans for Doctors is the best way to finance your goals.

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Switching from PPF to FD? Here’s Something You Should Know!

Switching from PPF to FD? Here’s Something You Should Know!

In order to lead a comfortable life, we spend a lot of time working hard to earn as much money as we can by the way of putting in long hours of work, working overtime, and so forth. In order to secure one’s present and future, they have to make money even if it becomes a mundane thing to do. Earning money is on one side but saving it and investing it in the correct market avenues is another. However, when you make investments, they can either break or make your retirement plans. The right kind of investment is necessary as one puts their hard-earned money into these investments. Considering India, there are two investment options – Fixed Deposits (FDs) and Public Provident Fund (PPF). Both of these have several benefits and features and are trying to attract customers and are the most popular investment options in India.

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Listed below are market investment will suit your needs:

Lock in Period/Maturity:

A lock-in-period or maturity is when the investment reaches its peak and can be used by the customer. A fixed deposit has lock-in-period from 7 days to 10 years, Whereas, the lock-in-period for a Public Provident Fund is a minimum of 15 years. Hence, an individual can invest in one of the two according to his investment needs.

Rate of Interest:

The Government fixes the rate of interest for PPFs and only they can change it. Individual banks or NBFCs set the interest rates for their fixed deposits, and a person will be able to get a higher rate of interest from a different bank. The interest rates offered by banks mostly range from 8.5-9%. Company fixed deposits have a higher rate of interest and are more profitable than any other financial institution.

Early Withdrawal:

Withdrawing money before maturity is a service offered by both fixed deposits and PPFs. However, in the case of PPF, withdrawal is only allowed after five years, whereas for fixed deposits, the bank charges you a certain amount of fee for breaking the fixed deposit or you can also take a loan from your FD account instead of breaking it.

Loan:

An emergency is something which can come at any point of time in your life. This means that you will have to take a loan in order to deal with the emergency. From the third year onwards, one can take a loan against their PPF. When you consider fixed deposits, most of the banks give 90% overdraft facility.  

Deduction in Tax:

Under Section 80C of the Income Tax Act, certain investments can be claimed by individuals. Such deductions are available for both Tax Saving Fixed Deposits and Public Provident Funds. INR 1,50,000 is the present maximum deduction available for both investments on a per annum basis.

Amount of Investment:

The highest amount of investment one can make in a public provident fund is 1,50,000. This discourages people who want to invest more than that. On the other hand, a fixed deposit does not have any such restriction on the amount of money which can be invested. People also invest crores in fixed deposits in accordance with lender’s policy.

In the end, both Fixed Deposits and PPFs are secure and a safe market investment. However, it all boils down to personal preference and which one is the right investment for you. Hence, you need to make sure that your decision to choose one of them is the right one and will give you the desired returns. 

Calculate FD Maturity Amount

Invest in Fixed Deposit

Are you nearing retirement? Here is where you should invest your corpus

Are you nearing retirement? Here is where you should invest your corpus

You spent a life trying to accumulate funds to satisfy your needs and demands; but when closer to your retirement age, you need to make sure that you keep yourself well-funded to be ready in times of emergency. While investing at such a ripe age, every penny is important and means a lot; and a loss of investment might not at all be welcome at this time. Thus, you need to look for options that offer you investment security and guaranteed returns.

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In terms of retirement planning, particularly on post retirement, it is important to estimate the necessary monthly cash flow required. The annual requirement may keep rising by 7 percent, so it is important that you invest in sources that would support you even during the time of inflation. It is essential that during the course, you maintain mixed asset classes that would provide a good range of returns. The mixed asset includes fixed income and equity. Fixed income options include senior citizens savings scheme, fixed deposit and debt based mutual funds. However, it is advisable to invest in the safest possible option.

When looking for a safe and convenient source of investment, Senior Citizen Fixed Deposit can be the best option. Since FDs are safe and guaranteed source of investment, they provide various benefits to the senior citizens as well.

Here are the benefits of an FD for the senior citizen:

  • Low investment amount: Investment in FDs at this age can be beneficial but at the same time investing in huge amounts might not be possible for many, as they might need some funds for an emergency. Thus, the best you can do is invest in an FD that has a small amount for starting an account. There are some Non-Banking Financial Companies (NBFCs) that offer to open an FD account for an amount as low as INR 25,000.
  • Better interest rates: The continuous need of funds for various expenditures might make you feel helpless. To make sure that you avoid situations like these, you invest with a lender that offers higher interest rates for your FD investments. There are some NBFCs that offer interest rates around 8.15 percent to make sure that you have a better inflow of funds.
  • Shorter Tenure: While investing in an FD, it is recommended that you do not withdraw your invested amount before the maturity date. In this walk of life there might be times when you might feel the need to withdraw your investment, but at the same time withdrawing investment from your FD account would make you face penalty and other charges. To make your investment wiser, it is important that you choose a lender that offers you shorter tenure with better returns.
  • Online access: It might not be easy to travel all the way to your lender’s office to get a record of your FD account. You might need something that would bring all the information about your investment to your doorstep. To which there are NBFCs that have online portals that can help you get information about your FD investments.

At this age, there might be many options that may cross your mind for investment, but it is important that you choose an investment that offers a better and hassles free returns.

Calculate FD Maturity Amount

Invest in Fixed Deposit

Choose the way to pay with EMI Network

Choose the way to pay with EMI Network

Over 1 million products ranging from the latest gizmos to the trendiest styles, gym memberships to holidays packages, and more, are available on No Cost EMI with Bajaj Finserv. Watch the video and see why the EMI Network is the preferred means of financing for over 7 million customers across India. 

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EMI Card Offers on Whirlpool | Bajaj Finserv | HD

EMI Card Offers on Whirlpool | Bajaj Finserv | HD

Buying products from Whirlpool is now easier for customers courtesy the Bajaj Finserv EMI Card. You can use your EMI Card to purchase products in multiple categories right from refrigerators and washing machines to kitchen chimneys and lots more. Gone are the days when you would have had to use a credit card or simply pay a lump sum amount from your account. You can simply purchase products from Whirlpool through the Bajaj Finserv EMI Finance network and the entire process is swift and really simple.
 

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EMI Card Offers on Samsung

EMI Card Offers on Samsung

Buying the latest products from Samsung is now easy thanks to the Bajaj Finserv EMI Network. How does this work? You can avail easy EMI finance solutions from in-store representatives at your nearest Samsung store. You can also swipe your Bajaj Finserv EMI card while paying for the product that you have chosen. The entire process incorporates instant approval of the loan and there are easy and convenient EMIs that you have to pay. The entire process involves minimal documentation/paperwork and you will certainly appreciate the fast and hassle free procedure involved.

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EMI Card Offers on Videocon | Bajaj Finserv | HD

EMI Card Offers on Videocon | Bajaj Finserv | HD

Want to buy a Videocon refrigerator or washing machine or even a television? You can now purchase all Videocon products through the Bajaj Finserv EMI Network. You can use your Bajaj Finserv EMI Card to purchase products in multiple categories from the Videocon brand. The entire process is fast and completely hassle free. You do not have to worry about high interest levied on purchases made through credit cards. You can simply get quick and hassle free EMI finance courtesy the Bajaj Finserv EMI network and buy your desired products.
Think it. Done with Bajaj Finserv.

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