You can take a step in this direction by gifting her an investment option that will yield high returns over time, giving her access to a stream of funds
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Raksha Bandhan celebrates the unique bond of love between brothers and sisters. With this festival around the corner, you might be on the lookout for the perfect gift. Instead of regular gift options, such as apparel, cosmetics, accessories, purses, or chocolates, consider choosing a gift that provides your sister with financial freedom. You can take a step in this direction by gifting her an investment option that will yield high returns over time, giving her access to a stream of funds. Consider investing a fixed deposit in your sister’s name to help ensure her future independence.
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Reasons to invest in a fixed deposit
Fixed deposits are one of the safest investment instruments as they offer guaranteed returns over a fixed tenor. To help your sister earn stable returns, consider investing in a Bajaj Finance Fixed Deposit. You don’t need a sizeable lump sum to invest in a Bajaj Finance FD. You can easily invest with just Rs. 25,000.
Suppose you save and invest Rs. 1 lakh in a Bajaj Finance FD for different tenors. The below table shows how different tenors affect interest gains and returns at maturity.
Thus, you can look at attractive FD rates applicable to different tenors. The interest rates vary for investor type and tenor chosen. You can use the Bajaj Finance online FD Calculator to plan your investment better.
High FD interest rates are just one of the many reasons why Bajaj Finance FD will prove to be an excellent gift for your sister. Here are others:
- No effect of market fluctuations
Equity investments are prone to large swings if the market sentiments worsen and might affect the investors parked funds and receivable returns. If you want to risk proof your investment, consider investing in tools that aren’t market-linked. With Bajaj Finance FD, you need not worry about market volatilities. With these assured returns, you can plan for your sister’s future goals, such as higher education, her wedding, or an international holiday.
- Loan against FD
With Bajaj Finance, you can withdraw prematurely from your fixed deposit during emergencies. Moreover, Bajaj Finance offers an easy loan against FD, where investors can avail of a loan against their FD up to 75% of the invested amount. Facilitating a loan against FD is undertaken with minimal documentation, quick processing and no additional charges.
- Maximum returns with laddering
Bajaj Finance looks to provide strategies for you to maximize the returns from your FDs. Creating multiple fixed deposits in succession allows you to mitigate risks and take advantage of various interest rate buckets by having multiples maturities.
- Online investment process
- With Bajaj Finance online FD, you can invest in just a few minutes using a hassle-free, paperless online process. There is no need to wait in long queues. With Bajaj Finance online FD, you can invest from the comfort of your home. Online investors also benefit from an additional 0.10% rate benefit over and above the offered base rates.
Bajaj Finance online FD is a credible investment platform. 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 rest assured that your principal amount and steady returns are in safe hands.
This Raksha Bandhan, look out for your sister by putting her financial needs first. Invest in an FD and help her strengthen her finances.
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