Personal Finance   Sponsored Post
5 Reasons To Invest Your Bonus In A Bajaj Finance Fixed Deposit
It is that time of the year, when you receive your appraised salary along with bonuses, which could be a compelling reason to go on a spending splurge. While a retail therapy may sound too good to be true, it is always advisable to put your salary to good use. One of the best ways to utilise your bonus and salary is to save up for a short-term goal. 
 
Stacking your savings in a saving account however, is not the answer. Instead, you can consider a safer investment option like a Bajaj Finance Fixed Deposit – which ensures guaranteed returns. If you’re wondering why you should invest in a Bajaj Finance Fixed Deposit, here’s what you need to know. 
 
1. Get one of the highest interest rates
 
The past year is testimony to why you should invest in stable instruments. In terms of yields, FDs gave some of the best 1-year returns at 6.5%, while some equity funds ate into the invested capital, offering negative returns. Bajaj Finance FD, on the other hand, offers interest rates as high as 8.60% for new investors, 8.85% for existing customers and 8.95% for senior citizens. This is applicable when you take at least a 3-year FD with interest payouts at maturity. 
 
With these lucrative interest rates, you can surely make your savings grow up to 50% more, by investing for up to 5 years.
 
To understand how this works, see how a bonus of Rs. 25,000 could grow up to 50% more, with a Bajaj Finance Fixed Deposit.
 
 
2. Guaranteed returns with complete safety
 
If you’re worried about the safety of your investment, fret not. Your returns are guaranteed, with no effect of market fluctuations. Bajaj Finance Fixed Deposit has the highest credibility ratings of FAAA by CRISIL, and MAAA by ICRA. You can hence, be sure of the safety of your investment. 
 
3. Forecast your earnings and monitor them with online tools
 
You can determine the amount of earnings at maturity with the Bajaj Finance FD calculator basis the tenor and investment amount. With this information, you can decide whether you wish to ladder your FDs to ensure liquidity from time to time while still enjoying high returns, or take home a lump sum amount. In addition to this, you can track your investment seamlessly, through an online account. 
 
4. Customise your investment through payouts 
 
Bajaj Finance lets you align your investment to your financial goals by offering you two variants – you can either invest for wealth creation by opting to receive the interest on maturity, or choose frequent payouts. If you opt for the latter, you can fix the frequency of payouts to a monthly, quarterly, bi-annual or annual basis.
 
5. Invest instantly, without any hassle
 
Upon receiving a bonus, you don’t have to worry about completing tedious procedures to start your investment. While you can visit your nearest Bajaj Finance branch, you also have the option to start investing online, from the comfort of your home or as you commute to work. 
 
With the promise of returns amounting to 50% of the invested sum and a minimum deposit amount of just Rs. 25,000, there’s no reason to hesitate before investing in a Bajaj Finance FD. 
 
 
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    COMMENTS

    evschakravarthy

    11 months ago

    Does money life recomend Bajaj finance FD? Can we invest based on this article?

    REPLY

    sridhar.chandru.subramanian

    In Reply to evschakravarthy 7 months ago

    Do your quick research. Check CRISIL rating ( Bajaj has a good rating). Check for % of interest directly from their website. Value given here are on the higher side. Bajaj reduces ROI a couple of months ago. You can also check Mahindra Finance, PNB housing.

    raj lee

    1 year ago

    what about TDS

    REPLY

    sridhar.chandru.subramanian

    In Reply to raj lee 7 months ago

    Sumitting 15G will take care.

    bharat Rajyaguru

    1 year ago

    I am 7 year countinyu EPFO and this time I am deseboll 60/parson any help EPFO???

    bharat Rajyaguru

    1 year ago

    Plz help

    Ramkaran Dhiman

    1 year ago

    Kya digital signature k bin pf withdrew kiya ja sakata h

    Raj A

    1 year ago

    We cannot believe these rating agencies anymore... they just go wrong everytime when the company is not performing well ...also these rating agencies miserably failed and given false ratings to companies which failed

    Madhu K R V

    1 year ago

    Guaranteed, I don't believe because the credibility of CRISIL & ICRA is doubtful. Sometime back these companies gave same rating to DHFL and see the fate of investors who trusted these rating companies. We can't question them and the you who say its Guaranteed.

    Personal Finance   Sponsored Post
    5 Truths that will make your Financial Planning easy!
    Credit card bills to pay.
    Outstanding personal loans. 
    Late bill payments. 
    Insufficient money coming in to cover up the required spending. 
     
    When it comes to money, life is not simple. You may be worried about debts, insufficient retirement kitty, and other financial woes that may arise due to poor financial planning. You would lead a more enjoyable life when you are not stressing about bills and have sufficient money in the bank. The good news is that it is possible. You only need some structure that will make your financial planning easy. Get your money stuff on track with these five truths. 
     
    1. Financial illiteracy is costing you a lot 
    India is home to 17.5% of the world’s population but nearly 76% of its adult population does not understand even the basic financial concepts. - LiveMint
     
    When will you be financially stable to buy your dream house?
      
    You can quickly answer this question if you are acquainted with the ‘RULE of 72.’ Watch this insightful video to know more about this rule.  
     
    A little financial knowledge can be disastrous. You may be taking care of several financial avenues, including investment portfolio, retirement corpus, insurance plans and many more, but are you sufficiently informed about money to make wise and precise decisions. Financial literacy serves as an up-to-date foundation and helps you understand money – how it works. Being financially sound regarding money enables you to take care of its management, investment and expenditure to successfully fulfill the monetary milestones of your life. 
     
    2. Saving 10% won’t get you through retirement
    Life expectancy in India has increased by 11 years since 1990.World Economic Forum
     
    Your retirement plan is more than just contributing toward your employee provident fund (EPF) and public provident fund (PPF). Have you ever calculated your retirement corpus? If no, you must watch this video to be informed of the importance of retirement plan. If yes, did you consider life expectancy as a deciding factor? Increased life expectancy means a long life after retirement. It gives you several additional years to lead an enjoyable retired life only if you have saved sufficiently for those years. You need to maintain the same lifestyle as you currently have. Rising inflation rate and increasing expenses demand a large corpus for your retirement. Between 1990 and 2017, India’s HDI value rose from 0.427 to 0.640, an increase of nearly 50%. It means that by 2050, India’s average life expectancy will be 74.2 years. It means you need to save enough for all those additional years. Thereby, be an early bird and invest in the right avenues to build a decent retirement corpus. 
     
    3. You are losing a lot due to the cost of delayed investment
    Are you losing money due to the cost of delayed investment? Maybe! Successfully investment doesn’t mean taking high risks and expect 20% returns, or make bets or wait for a jackpot. You can safely let your money grow through compounding. The concept of compounding is simple, yet powerful. Benjamin Franklin once wrote somewhere about compounding: '''tis the stone that will turn all your lead into gold. Remember that money is of a prolific, generating nature. Money can beget money, and its offspring can beget more.''
     
    What is Cost of Delayed Investment? According to Wikipedia - The accrued interest on the investment for the duration of the delay can have a significant effect on the net returns. The cost grows with the period of the investment; the longer the investment is delayed, the higher the cost is. Watch this short video to know more about Cost of Delayed Investment.
     
    Thereby, follow three golden rules diligently – 1. Start early 2. Have patience 3. Start with as much as you can and let the magic of compounding work on your investment. For example, if a person starts with a monthly investment amount of Rs 2,000 per month at the age of 35 for the next 25 years, the maturity amount will be 26.8 Lakhs, but if starts the same investment at the age of 25 for next 35 years, the amount will be 76.6 Lakhs. 
     
    4. Cost of inflation is swaying your returns
    Lack of financial literacy comes as the biggest hindrance to building wealth and a secure financial portfolio. Inflation is one such factor which is often overlooked by investors. Cost of inflation will evidently impact your returns too. As mentioned in the video link above - you would wish to maintain the same lifestyle after retirement as you are currently living. But, the food costs, petrol prices, airfares and the price of every other commodity will escalate due to inflation which will eventually drive up the cost of living. Your investment should be sufficient to fetch enough returns to enable you meet this cost. The key is to put money in different investment avenues including ones that have historically succeeded in keeping up with the pace of inflation. 
     
    5. Common financial pitfalls may distort your financial plan
    Life is too short to make financial mistakes. So, rather than trial and error approach, it makes more sense to learn from the mistakes of other people. Always consider your financial goals in mind before you start investing. Never start with vague goals. Be clear, specific and detailed with your goals. For example, if you want to save for your child’s education, it is better to invest money in a child plan rather than FDs or ELSS. A child plan will give you a peace of mind that someone is present to take care of your child’s education even in your absence. Similarly, funneling your money to too many financial products can result in dilution of returns rather than diversification. Keep reviewing your performing and nonperforming investments and change them when required. 
     
    The journey to a regret-free financial life starts by making calculated decisions. A foolproof financial plan not only depends on investing in the right avenues, but also ensuring that you can drive out maximum gains out of your hard earned money.  
     
    Financial planning is like navigation. If you know where you are and where you want to go, navigation isn’t such a great problem. It’s when you don’t know the two points that it’s difficult. – Venita VanCaspel
     
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    Personal Finance   Sponsored Post
    6 Steps to Start a Real Estate Business in India: A Beginner’s Guide
    The real estate market in India is one of the most promising sectors for starting a business today. From a size of USD 120 billion in 2017, it is expected to grow to USD 1 trillion by 2030. Yes, this sector is flourishing at a jet speed, thereby attracting people from all backgrounds to start their own venture here. 
     
    It’s amazing to see that the real estate business in India wasn’t this rosy all the while; in fact, this sector has witnessed its share of instability before it came about to becoming one of the best evolved businesses in the country. With enhanced transparency and enforcement of improvements such as RERA, REITs, and Title Insurances, the industry is now in better care and zone. 
     
    So, if you are planning to enter this market and carve a niche for yourself, it would be a good idea to do your homework before you take the actual plunge. Address of Choice has compiled this list of 7 essential steps that can help you get on to achieving your goals. 
     
    Indian real estate industry: An overview
    The Indian real estate industry comprises of several professionals who operate either from their own setups or are associated with renowned industry players. From builders to material suppliers and from architects and engineers to brokers and real estate agents – they are all a part of this booming industry and contributing in their own little ways to its success. Whether you are interested in exploring the Pune real estate market or want to cater to customers looking to buy residential property in bangalore, or it’s for your potential realty customers in Noida, Gurgaon, Ahmedabad and Mumbai, you’ve got to go through the same drill as your counterparts.
     
    Where to begin your journey?
     
    Step #1: Research and evaluate
    Like in any other profession, to be able to enjoy a satisfactory stint in the real estate business, you need to research on the subject. You could begin by seeking the inputs of industry veterans. Unless you come across as a competitor, they would be glad to share their overview and journey with you. Nothing’s better than hearing it from the horse’s mouth and people who have been in the industry can show you both – the bright side and challenges of starting a venture in the real estate industry.
     
    Step #2: Pick and choose a specialty
    As shared above, there are options aplenty in the real estate business. You could either get into commercial brokerage, residential brokerage, or land investments. Depending on your preference and the available options (domain knowledge, budget, etc.) you could go ahead with either. To begin, it would be ideal to focus on one area and as you grow along the way, you could dabble in the rest.
     
    Step #3: Obtain the required licenses and registration
    Although this was easily passed off earlier, with legal refinements and several real estate industry laws now in place, licenses and registration is now very important. Besides keeping your paper work clean, these make you come across as a serious professional and add to your customers’ confidence as well. From registering your firm (as a Private Limited or Limited Liability Partnership) to obtaining service tax registration, real estate agent license, and GST registration – all are crucial and mandatory. You will rarely find a real estate agent these days who lacks wouldn’t have any of these. So, prepare yourself to get these before you embark on the journey.
     
    Step #4: Chalk out a business plan
    Now that you have the required registration and licenses in place, don’t miss to create a detailed business plan. Put all of your know-how into building this plan and ensure that the challenges, which you have identified, are duly addressed and you have mentioned a scope for improvement. Your business structure, budget, funds, and team hiring strategy should all be mentioned in this blueprint. Certainly you can improvise on each area; but a business plan will provide a direction to begin with and hold your hand as you tread the path.
     
    Step #5: Put together a brilliant team
    This step is very important as you’d not be able to do everything as a real estate business owner. Actually, there’s no need for it as well. You can manage everything from the peak but you should have members to do the work for you. Don’t go lavish while hiring people but make sure that you hire the best. Be it the sales people or the business managers or the people to market your brand – build a team of professionals who do justice to the role you have chosen for them. You can keep a mix of experienced and semi-experienced team members but remember to train the latter while on-boarding them so you are all on the same page.
     
    Step #6: Go online
    Besides your offline presence, your online image too is important. Gone are the days when customers relied on the neighborhood grocery shop owner while they were looking for properties. Today, customers look up the different websites much before they actually visit a real site. This helps them save time and effort and also helps them to gauge the different properties from several perspectives. Therefore, put up a nice, comprehensive, and easy-to-navigate-through website and communicate your messages effectively. You can also use the website to display discounts and special offers! (Nobody hates a discount.)
     
    So your business is now pretty-much set. All you have to do now is convert the queries into real deals and get your real estate business to flourish. However, remember to keep your customers happy as they are the ones who will recommend you to their friends and thereby help grow your business.
     
    Step #7: Revisit step #1 and follow the steps to expand
    Once you have become a ‘pro’ at your job, it’s now time to expand. You could choose a different specialty this time or expand in your own line of business. In either case, go back to the first step and walk this path again.
     
    Happy venturing!
     
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    COMMENTS

    kadamswapnilg

    2 weeks ago

    Mr vasudevan seems like ground level real estate broker..your Advice is pretty good and closed to reality...

    Mahi pena

    11 months ago

    Look we have a self claimed expert Baba in comments.The real estate tycoon Vasudevan.Let me tell you this post is no joke and no dreams but it will always remain a dream for illiterate people like you.You said this field is not for straight forward people and people who act Upon law.And then you gave some so called pro tips of yours of alligning to a in power political party and sharing the profit with bank and politicals.You are not wrong that's the reality today but let me tell you this present scenario is going to change very very soon.The land estate system which is in majority being handled by unorganized sector like you guys won't remain so anymore.The tips you gave can be summarised as ."How to survive as an illiterate and unorganized manner in a corrupt land registration state."
    Steps like the author mentioned like going online are of immense value today.You people apply some corrupt hacks to survive in an unorganized manner and consider yourselves very smart.This is the reason of backwardness of this field.But now this field is to cross $1trillion by 2030.So everything will have to be and will be straightforward and by the rule of law.And people like you will be out of business either by choice or conditions.

    Vasudevan

    1 year ago

    This article is written by a person who never did and real estate business or investment . I will put few suggestions . Indian real estate industry is not a place for straight forward and principle oriented people to engage, either the government or the system (beurocrats) want or wish to make this a industry work with transperency and values. at this point of time of you want to be in this business follow the below suggestions.
    1. Attach to a political party who is in power
    2. Once you do step 1 , go to a public sector bank /NBFC./ co operative banks and enter a deal , you put 30 percentage of loan to the senior management
    3.30% of investment you keep for bearocrats , politicians
    4. 20 percent you spend on advertisement
    5. 20 percent use to build the product and sell with required profit,
    6. 20 pecent keep for initial years interest payment , after that stop payment .
    7. if you make profit save in some offshore banks . keep passport ready to move out at any time
    8.if you make money or dont make money , never pay after 3 years , banks will write off it as NPA.
    9. Once this is well executed , you are a business tycoon , get some padma awards and go to step one and continue .

    REPLY

    nischalk401

    In Reply to Vasudevan 5 months ago

    Dear MR. Vasudevan I would like to work with you.

    Vasudevan

    1 year ago

    the sugestions look like a dream and joke , put a brilliant team. talk easy difficult on ground

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