Pune, Maharashtra, India (NewsVoir) To develop an investment habit and earn regular interest, you can start a fixed deposit. Needless to say, the initial step for investment is to find the right financial institution. To select the best issuer, consider certain facts like their credibility, history, fixed deposits interest rate, and financial ratings. Bajaj Finance with CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings stands out in all aspects and even offers high a fixed deposits interest rate of up to 7.95%. You can even calculate your earnings beforehand with Bajaj Finance using the FD interest calculator. This also helps you get the best FD rates based on your profile, maturity timeline and payout option. Apart from high-value payouts, Bajaj Finance offers a lot of flexibility and benefits to an investor looking for a hassle-free process for investment. Here’s what it entails. Step 1: Choose from varied options to get high returns Before investing in any FD, check the maturity amount using the FD interest calculator to know whether it will be a profitable investment. Your returns are affected by the type of FD you choose. When you opt for an FD that gives you access to interest earnings only on maturity, you will earn higher returns thanks to a higher fixed deposits interest rate. However, if you want to earn interest regularly as recurring payouts then, you will earn comparatively lower returns. With Bajaj Finance you can get high returns of up to 7.95% on your investment by accessing your earnings on maturity. Here’s a table to help you understand the growth potential of your investment as a normal and a senior citizen investor. Investor Type Investment amount Interest rate (p.a.) Tenor (in months) Interest earned Total earnings Senior citizen Rs. 2,00,000 7.75% 60 Rs. 90,480 Rs. 2,90,480 Normal Citizen Rs. 2,00,000 7.50% 60 Rs. 87,126 Rs. 2,87,126 Disclaimer: These results were calculated using the Bajaj Finance FD calculator. Step 2: Start an FD from the comfort of your home Once you have decided where to invest, here is how you can proceed further.
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