Business

Earning While You Sleep: The Benefits of Fixed Deposits for Passive Income

Sep 19, 2023

NewsVoir
Pune (Maharashtra) [India], September 19: Earning money while you sleep may sound like a dream. But with Fixed Deposits (FDs), this dream can become a reality. FDs offer a reliable and time-tested way to generate passive income, allowing your money to work for you even when you are not actively engaged in the hustle and bustle of daily life. Let us explore the benefits of 
, with a special focus on the features offered by Bajaj Finance FDs.
1. Dependable Returns
When it comes to passive income, predictability is key. With Fixed Deposits, you can expect stable and assured returns. Bajaj Finance FDs, for example, offer playout frequencies like monthly, quarterly, half-yearly, yearly or on maturity, while also offering competitive interest rates of up to 8.60% p.a., providing you with a dependable income stream. This consistency ensures that your financial goals remain on track, whether it is funding your child’s education, planning for retirement, or simply building a financial safety net.
2. Safety and Security
One of the primary concerns when generating passive income is the safety of your 
. Bajaj Finance FDs address this concern with their highest safety ratings, including CRISIL AAA/Stable and [ICRA]AAA (STABLE) ratings. This means your money is not just safe but also grows steadily, providing you with both security and returns.
3. Flexible Tenures
Bajaj Finance FDs offer a range of tenures (from 12 to 60 months), allowing you to tailor your investments to your specific financial goals. Whether you are looking for short-term income or a long-term investment, there is an FD tenure to match your needs. This flexibility ensures that you can create a portfolio of FDs that aligns perfectly with your income requirements.
4. Regular Payouts
Bajaj Finance FDs provide various payout options. Whether you prefer monthly, quarterly, half-yearly, annual or on maturity interest payouts, you can choose the frequency that suits your lifestyle and financial needs. This flexibility allows you to design your passive income strategy to match your cash flow requirements.
5. Senior Citizen Benefits
If you are a senior citizen, Bajaj Finance offers additional interest benefits of up to 0.25% p.a., making FDs an even more attractive option for generating passive income during retirement. These special rates can significantly boost your income, providing financial security in your golden years.
6. Special tools
Tools like the Bajaj Finance's FD calculator is very useful for enhancing your financial planning. It furnishes precise details regarding your investment returns, allowing you to plan your finances with greater efficiency. This calculator is thoughtfully designed allowing you to compute the interest accrued on your fixed deposit within mere seconds.
Fixed deposits are an excellent investment option for those looking to earn passive income. So, why not let your hard-earned money work tirelessly for you? Consider Bajaj Finance as your trusted partner in the journey to financial freedom.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)

More news

Celebrating the Third Convocation of Sri Sathya Sai University for Human Excellence

Bangalore (Karnataka) [India], July 23: On the auspicious morning of 21 July 2024, Sri Sathya Sai University for Human Excellence (SSSUHE) celebrated its 3rd Convocation at the Sri Sathya Sai Premamrutham Auditorium. The event was graced by Shri Hardeep Singh Puri, esteemed Minister of Petroleum and Natural Gas, Government of India, as the Chief Guest. This momentous occasion recognised the achievements of 7 honorary doctorates, 6 Doctors of Philosophy, and 154 graduating students. This year's theme, "ekam sat viprah bahudha vadanti" - Truth is one, but the wise call it by many names, highlights SSSUHE's commitment to embracing diverse perspectives in our pursuit of knowledge.

Jul 23, 2024