This Rakshabandhan, invest in a Fixed Deposit for your sibling
The unprecedented events of the year 2020 have majorly changed the ways of life for us, and this change is also reflected in the way we celebrate festivals. From jostling in crowded stalls and markets, people have now become sceptical about stepping out of their homes, even as the festival of Raksha bandhan is just around the corner.
It is natural to miss your siblings during these festivities, especially as it is a great time to shower your siblings with gifts, to express your love towards them.
While you can keep the spirit of any festival alive by spending time with them or engaging in a video call that enables in bridging the distance with love and warmth.
As there is a change in the way we celebrate this festival this year, why not make your Rakshabandhan gift all the more special? Make a smart choice by gifting your sibling a Fixed Deposit this year.
Whether you’re looking to provide your sister with financial freedom, or to strengthen your brother’s finances, investing for your sibling can be a very thoughtful Rakhi gift.
Here’s why you should invest in a Bajaj Finance FD for your sibling, this Rakshabandhan.
Emergency reserve – The uncertainties in the present times have brought the need to have an emergency fund to the forefront. The investment you make today with a Bajaj Finance FD can work as an emergency reserve for your sibling, when times get tough.
Not only can this FD enable you to make withdrawals, but also help you avail a Loan against FD to fund urgent needs.
Guaranteed returns on investment – Bajaj Finance is offering one of the highest FD interest rates of up to 7.10% for individuals below 60 years of age. Investing online can enable non-senior citizens to earn 0.10% additional rate benefit, and senior citizens can gain from 0.25% additional rate benefit, regardless of their mode of investment.
Even during a low interest rate regime, Bajaj Finance is offering attractive returns on deposits, which will help your sibling grow their savings easily.
Additionally, for those who are worried about the safety of deposit, Bajaj Finance is one of the safest investment avenues that enables easy growth of savings with guaranteed returns. With the highest safety ratings of FAAA by CRISIL and MAAA by ICRA, you can be assured of highest safety of deposit, so your sibling stands to benefit at the end of tenure.
Flexible investment – Bajaj Finance enables you to customise your investment, so you can invest as per your sibling’s needs. With flexible tenures ranging from 12 to 60 months, you can choose to opt for periodic payouts to help your sibling on a regular basis, or choose the option to get returns at maturity to support their long-term goals.
You can also invest in a Bajaj Finance online FD from the comfort of your home. It is a completely paperless process, which takes less than few minutes.
For those looking to invest a lump sum, all you need is Rs. 25,000 to start your investment with Bajaj Finance FD. However, if you’re looking to grow savings on a monthly basis, consider availing the benefit of Systematic Deposit Plan – an industry-first monthly savings option. With small contributions of Rs. 5000 per month, you can save a steady set of savings for your sibling.
Under Systematic Deposit Plan, you can either choose the Single Maturity Scheme variant, where you get your returns on the same day; or you can choose Monthly Maturity Scheme variant that enables you to get monthly returns.
Bajaj Finance FD Interest Calculator makes it easy for you to plan your investments, as you can check your maturity amount, maturity date and payout amount before you invest. Using this tool, you can easily plan how you wish to move with the investment and make your savings grow.
Choosing to invest in a Bajaj Finance FD is hence, one of the smartest gift options for you to strengthen your sibling’s financial health during these uncertain times. Make this Rakshabandhan special for your sibling with this thoughtful gift that helps them secure their future.