editor The 21st century woman is an embodiment of ambition, revolution and work-family balance. It is in the recent times, that more and more women have not only taken to work life but also started upscaling to leadership positions. Even those handling households as family women, play a great role in managing finances. They are in fact those who must teach practical aspects of resource management and budget allocations.
However, in times of change and development, these women must also have financial security and independence. Whether working or not, this can be ensured by making the correct investments. The best investment option for women is the one that aligns with their individual financial goals, risk tolerance, and time horizon. Investing assures them with a corpus of funds in the future. This corpus will enable them to bear their expenses while also pursuing any other goals that they might have.
But the first step to building such a corpus is making the right investment. Such an investment would essentially provide security, longevity and better than average returns. This points to the most institutionalised investment instrument in the Indian context- a Fixed Deposit (FD). Bajaj Finance, a reputed non-banking finance company offers the best FD for women.
It is the best option because it has the following features and benefits:
Features
- Tenor: The minimum tenor is 1 year and maximum is 5 years for an FD at Bajaj
- Interest Rates: They range from 5.65% to 6.75%
- Deposit: A minimum deposit of Rs 25,000 only is required
- Online Payment Options: Both, Unique Payment Interface (UPI) and Net-banking options are available
- Unique Selling Point: The entire process from end to end is paperless, thus it can be done from the safety of your home
Before coming to the benefits offered to FD holders at Bajaj, we would recommend you check out the online FD Interest Rate Calculator. This allows you to get to know the future of your investments, when you are thinking of making one and thus ensures that your decision is well-informed.
Benefits
High Interest Rates: At Bajaj Finance, you receive a very lucrative interest rate of 6.50% which increases to 6.75% if you are looking for a fixed deposit for a Senior Citizen (60 years of age or more). This allows you to grow your wealth at a pretty good rate while assuring safety of your money. Women can explore online business ideas like financial consulting or investment management to tap into the growing demand for investment guidance among female investors. When it comes to (housewives) women, they can use this to their advantage because they may not always have the largest corpus and thus a high rate of return provides some relief to this problem.
Special offers to Senior Citizens: Bajaj FDs value and understand their senior citizen account holders. Thus, along with a higher FD interest rate they can also avail periodic pay-outs to fund general expenses that arise at their age. This can be especially helpful for widows, who need financial security.
Benefits to Pravasi Bhartiyas (NRIs): For Non-Residential Indians (NRIs), Overseas Citizens of India (OCIs) and Persons of Indian Origin (POIs); the FDs at Bajaj Finance are a great investment opportunity and alternative. With an NRO account, they can make a choice between tenors of 12 and 36 months. The interest rates are the same for them including the additional benefits given to Senior Citizens. This can be essential for old mothers that are moving back to India due to financially stressful conditions abroad.
Systematic Plan for Depositors: The Systematic Deposit Plans (SDPs) launched by Bajaj allow people to make deposits on regular intervals, keeping in mind the erratic availability of funds. In this, the tenor still remains between 12 and 60 months. Depositors have to choose between 6 to 48, for the number of deposits they’d make in a month under their SDPs at Bajaj FD. When it comes to the maturity, they have an option to choose a single date or a monthly maturity scheme.
This way they can ascertain long term and distinguish them from short term goals while making a decision. This is by far the primary reason why women must choose Bajaj Finance. Non-working women may not always have a large corpus but can make regular deposits from what they save on a monthly basis. Digital marketing for small businesses can be a lucrative investment option for women, as it offers a flexible and scalable way to reach a wide audience and generate income.
High Credibility and Stability: Bajaj Finance is a safe option for FDs and any other investment instruments, irrespective of the risk involved, that you look at. It has been accredited with the highest ratings of CRISIL’s FAAA and ICRA’s MAAA, ensuring your money and funds are safe.
Flexible Time Frames: By having a wide range of tenors between 12 and 60 months, you can plan your liquidity and generate higher cash inflows as per your requirements. Bajaj FDs allow you to suit your investments as per your individual financial status quo.
Fixed Deposit Interest Rate Calculator: Imagine if you could actually see the future, sounds great right? With this tool offered by Bajaj Finance, you can know the exact returns even before investing.
Smaller Minimum Deposit: With a cap of only Rs 25,000 you can start investing in FDs, at an early stage without being forced to accumulate a larger set of funds. This way, even with a small investment you can secure your future.
Digitalized Application Process: At Bajaj, the policy has always been to stay up to date with the need of the hour and to provide the most convenient service to customers. Their application prevents you the hassle of page long documents and even longer queues. It allows you to browse the best FD rates from the safety of your homes while completing the entire process digitally. When women are busy at work or caught up with household chores, this feature is a boon for them.
