Pune, Maharashtra, India (NewsVoir) The fixed deposit has been a trusted, go-to investment for the risk-averse investor, and the recent hike to the FD rates only make it more attractive. It is one of the few instruments that offers the benefit of a fixed income, and it is unaffected by market volatility. Considering this benefit, it may be wise to invest in a fixed deposit in the current market. Best of all, there is no dearth of choice as you can find many issuers that offer lucrative terms. One particularly notable instrument is the Bajaj Finance Fixed Deposit, as it has high FD rates and offers investors special tenor options for even greater returns. To know more about this fixed deposit and how you can leverage the special tenor provision favourably, read on. Opt for a lengthy tenor and optimise your investment based on your goals To make the most of your fixed deposit investment, you need to consider 3 things – the amount you invest, the tenor, and the pay-out option you select. A great way to ensure maximum returns is by investing a substantial amount in a cumulative FD for a long tenor. While issuers offer a non-cumulative pay-out option, the FD rates with this option are generally lower than those offered on a cumulative FD. So, choosing the cumulative FD is the best way to make the most interest compounding. The simple logic here is that the longer you keep your money invested, the more you earn on it. To give you a better idea, here’s a table with the estimated returns for customers below 60 years of age investing Rs. 3,00,000 in fixed deposit for various tenor options.
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