Invest in fixed deposits to achieve your goals and fulfil your needs

To live comfortably post retirement andprovide a secure life for your family, you must set financial goals, both long-term and short-term. Short-term financial goals may include purchasing a new car or going on an international vacation, while long-term goals include funding your child’s higher education and building a retirement corpus. To accumulate wealth for your many goals, planning is important and so is the type of investment instrument you choose.

One way of achieving both, your short-and long-term goals, is by investing in a fixed deposit as it is not linked to the market and thereby offers guaranteed returns.For instance, the Bajaj Finance Fixed Deposit is ideal in terms of wealth generation for the risk averse, as it promises generous yields, and is backed by high stability and credibility ratings from ICRA, CRISIL and S&P Global. So, take a look at how you can achieve your financial goals with the help of a fixed deposit.

Achieve your goals on time with assured returns

As your returns are unaffected by market fluctuations and the interest rate is constant throughout the tenor,when you invest in an FD you can determine your yield with a degree of certainty. You can calculate exactly how much your investment will offerover a fixed period of time and thereby align your investment with your goals.

For instance, Bajaj Finance offers an interest rate of up to 8.35% for regular customers and 8.70% for senior citizens, so you can simply use an FD calculator to determine how much you should invest for how long, to ensure that you have adequate funds for your goals.

Investfor a flexible tenor, as per your goals

Depending on the nature of your goals, whether they’re short- or long-term, you can opt for a suitable investment tenor. For instance, with Bajaj Finance,you can stay invested for a tenor ranging from 12 to 60 months and thus address various types of goals via a single instrument. You can also opt for the auto-renewal facility when booking your FDso that you can re-invest at maturity without submitting forms and additional paperwork. By choosing this facility, you can accumulate wealth for long-term goals effortlessly.

However, as you plan your investment, remember that FD rates tend to peak when the tenor is 36 months or more. To illustrate how you can achieve your goals, take a look at the table below to see how Rs.10 lakh grows over different tenors when you invest in a Bajaj Finance FD.

Invest through the multi-deposit facility to grow your wealth smartly

Bajaj Finance offers a multi-deposit facility that allows you to invest in several FDs of varying tenors, amounts and durations with a single cheque. This means that you can ladder your FDs with ease, and ensure that you have sufficient liquidity for all your goals. What makes this facility ideal for when you’re investing for several goals is that you can create separate FDs for each goal, and eliminate the need to prematurely withdraw time and again. Further, if for some unforeseen reason you realise that you need to break an FD, you can do so without disturbing the others.

Avail an emergency loan when faced with uncertainties

You can’t predictyour financial requirementswith certainty when you’re faced with events like a medical emergency, so it’s important that you have a planthat you can fall back on. In the absence of an emergency fund,you don’t have to withdraw finances from an FD that you have created for a specific goal. Instead, you can opt for a loan against FD. You can use up to Rs.4 lakh to tackle urgent needs and continue to accumulate wealth for your goals.

All of these features are sure to help you achieve your financial goals, and with Bajaj Finance, you needn’t wait long to start investing either.You simply need a sum of just Rs.25,000 to do so.Furthermore, you can begin investing for short- and long-term goals by simply filling an online application form that authorises a Bajaj Finance representative to assist you with the investment procedure.