Fixed deposits are an excellent investment option, especially if you’re looking for safety balanced with returns. They are easy to operate, don’t require constant monitoring and assure guaranteed returns. You can choose a term of your choice and use returns from the fixed deposit to live a comfortable life.

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Bajaj Finserv’s Fixed Deposits tailored for senior citizens are often chosen over other investment options since they offer the following benefits:

Helps build a retirement fund

Everyone has a retirement plan that involves spending time with friends and family and taking up activities you’re passionate about. But, to realise your retirement dream, it is imperative that you are financially prepared. After all, you don’t want to struggle for financial security without a constant income.

5 reasons why FDs are better than savings accounts-1

Bajaj Finance’s Fixed Deposit helps you do just this. If you plan a little in advance, you can park your savings in a fixed deposit that offers handsome returns. As a result, over a period of time, you can build a retirement corpus. This will allow you to meet day-to-day expenses, as well as other costs, such as relocating to a smaller city, or routine medical expenses.

Offers greater returns

Opting for a senior citizen fixed deposit not only makes for a secure investment, it also offers you a higher rate of interest. While regular fixed deposits offer around 7.8% interest on the deposit, Bajaj Finance’s Senior Citizen FD offers 8.10% as interest. This special provision ensures that you get more returns for the amount invested.

Keeps your earnings safe

After having worked your entire life to provide for an enjoyable retirement, you don’t want to risk your life’s earnings. Fixed deposits cater to this need and ensure that your earnings are safe. They’re perfect for investors with a low risk appetite, as they are not linked to the market and its fluctuations. While your investment portfolio can still have elements with a moderate degree of risk, it is wiser to invest more in fixed deposits to keep risk low.

 

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Immune to market risks

Unlike stocks or mutual funds that are linked to market forces, fixed deposits are completely unaffected by its performance. So, as you grow older and your capacity to absorb a loss reduces, Bajaj Finance’s Fixed Deposits become safe and sound option for you to invest in.

Gives periodic earnings

As you inch closer to your retirement years, it is a wise financial move to shift your attention to non-cumulative modes of investment. This will ensure that you get periodic payments from your investment. A fixed deposit is an investment tool that gives you this benefit. You can opt for monthly, quarterly, semi-annual or annual payments. For pensioners, choosing a monthly option is excellent as it mimics the salary that you are used to receiving.

Offers absolute security

Bajaj Finance’s Fixed Deposits are a 100% safe and secure. Regardless of your risk appetite, you always want your investment corpus to be in good hands. Fortunately, Bajaj Finance’s Fixed Deposits have ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating. So, your money is free from risk and your investment is completely secure.

Greater security, assured returns and a higher rate of interest make Bajaj Finance’s Fixed Deposits an excellent choice for senior citizens who are looking to make an investment. Whether short term or long term, Bajaj Finance gives you the choice to tailor the FD to suit your needs. You can start one with as little as Rs.25,000 and reap its many benefits.

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