This Father’s Day, give your father the gift of financial freedom

With uncertainties in our current economic scenario, choosing the right investment plan can be challenging. To protect your investment from increasing market volatilities, choose a sound financial plan that is not affected by these unprecedented movements, like a fixed deposit.

With Father’s Day around the corner, why not ditch the traditional gifts, and surprise him with something highly-rewarding? Helping him invest in the right financial tool and ensuring that he enjoys the returns on his investments, could possibly be the best gift you could give your father.

With uncertainties in our current economic scenario, choosing the right investment plan can be challenging. To protect your investment from increasing market volatilities, choose a sound financial plan that is not affected by these unprecedented movements, like a fixed deposit.

A fixed deposit can make for a thoughtful gift, as it could help your father reap benefits for years. A fixed deposit has long been the go-to investment option for risk averse investors. A fixed deposit offers the dual advantage of safety of returns and growth in savings. However, interest rates on fixed deposits are generally low, which can result in lower yield. But, if you’re looking for a fixed deposit offering attractive returns with high safety of deposit, Bajaj Finance online FD can be a great choice.

Here are a few reasons why you should consider investing in a Bajaj Finance Fixed Deposit for your father.

Safety of Deposit

Fixed deposit is a secure financial instrument that offers guaranteed returns on your capital. They are unaffected by market volatilities and economic uncertainties, unlike other market-linked financial tools. Bajaj Finance is accredited with the highest safety ratings of FAAA/Stable by CRISIL and MAAA/Stable by ICRA. Higher safety ratings are an indication of timely payments and no defaults. With this, you can be rest assured that your money is safe.

 Attractive returns

Bajaj Finance Fixed Deposit offers one of the highest FD rates along with the option to get periodic payouts. The FD interest rates calculator, on the Bajaj Finserv website, is designed to provide you with accurate information about FD interest rates and returns applicable to the specific combinations of tenor, amount, and FD type.

Let us assume you invest Rs. 2,00,000 in Bajaj Finance FD. Here’s what your father will receive at the end of 5 years.

The interest payout and maturity amount will vary according to the chosen tenor. A longer tenor guarantees higher returns.

 Periodic payout option

The retirement phase may curtail your father’s regular source of income. Thus, instead of investing in a cumulative fixed deposit, you can opt for a non-cumulative plan for your father. With this FD, you get the flexibility of earning monthly, quarterly, half-yearly, or annual interest payouts. This provision is particularly beneficial to senior citizens and those looking for a monthly income from their savings. The interest rate will be lower compared to cumulative FDs, but your father will have the assurance of fixed, timely payments.

Let us assume you have invested an amount of Rs. 10,00,000 for a period of 5 years in a non-cumulative FD plan. The periodic payments your father can receive have been highlighted below.

These payouts can be utilized to fund some of his recurring expenses. To further improve your returns, you can consider auto renewing your deposits and obtain an additional 0.10% rate benefit on current FD rates.

Premature withdrawal

A sudden need for funds can crop up at any time. While most people prefer to wait for their FD to mature to avail of the maximum benefit, an unexpected event might give rise to sudden requirement of funds. If your father encounters a financial emergency, or suddenly requires funds to start his passion project post-retirement, Bajaj Finance online FD gives him the option of premature withdrawal before the FD matures. This can prove to be invaluable in a situation that warrants immediate funds.

Easy investment process

With Bajaj Finance online FD, you can invest in just a few minutes using a hassle-free, paperless end-to-end online process. There is no need to wait in long queues or submit lengthy documents at the FD branch physically, you can simply invest from the comfort of your home.

This Father’s Day, choose a smart gift and secure your father’s financial future. Invest in a Bajaj Finance online FD today, and reap the benefits of early planning and adequate savings for your father’s golden years.

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