You are aware of the latest stock tips and new mutual funds in the market but if you have overlooked the importance of fixed income instruments then you are surely missing out on an important element of your portfolio. Fixed income instruments such as fixed deposits can help bring stability and assurance of returns in a large and small portfolio alike. While market-related instruments are regarded as the haven for long-term investing, consider investing in fixed deposits with long tenors and high interest rates. Company fixed deposits are a step towards that direction.
Consider the fixed deposits from leading NBFCs like Bajaj Finance which offer 1-2% higher than bank FDs easily. A Bajaj Finance FD can earn you up to 8.35% if you are a senior citizen and give you returns on investment of up to 47.61% for a five-year tenor.
The Best SDP for Higher Returns
Being the industry leader having serviced 31 million customers, Bajaj Finance has now introduced innovation in the vanilla fixed deposit with a Systematic Deposit Plan (SDP) which has made the high yielding FD accessible to all income groups. If you are looking for the best SDP returns and wish to know how to select the best Systematic Deposit Plan for higher returns, then keep reading.
- Laddering within SDP – An SDP is a new way of investing in fixed deposits. You can choose a deposit amount starting from Rs. 5000 per month and the number of deposits from 6 to 48. Each payment is deposited at the prevailing interest rate and is like a new FD. Thus, you are creating a future stream of consecutive income through these deposits, much like a ladder. This is the most beneficial part of the SDP.
- High Interest Rates – Once you choose the Bajaj Finance SDP, you are assured of 8.10% SDP returns as a new customer for a 5-year SDP. You can earn up to 8.35% SDP returns if you are a senior citizen and 8.20% if you are a returning customer or a Bajaj group employee.
- Flexibility– If you are a new jobber, chances are you are still learning the ropes of spending, saving, and planning your finances. Do not fret as you need to make a deposit every month during the tenor. You can choose the number of deposits from 6 to 48 and stay invested till maturity, i.e. until 12- 60 months. Also, with a small amount of Rs. 5,000 you can start off the SDP.
- Stability – The stability and credibility of Bajaj Finance FD have been assured by leading credit rating agencies like ICRA, CRISL and S&P Global.
- Online Calculator– You can easily use the free online SDP calculator to know your SDP returns before you invest. This will help you plan for future goals easily and know the exact amount you need to invest to reach there.
Bajaj Finance SDP can be invested in easily using a cancelled cheque, NACH mandate and KYC documents. You can also avail loan against each deposit under SDP, and pre-mature withdrawal facilities when you invest the Bajaj Finance Systematic Deposit Plan.
