NSC, post office time deposits, PPF, and other Post Office Savings Schemes are regarded to be a secure way to invest your profits. You may simply start earning from them because they are controlled by post offices in every town and city in India.

Bajaj Finance FD is a corporate fixed deposit that provides guaranteed returns and an unrivaled interest rate of up to 7.05 percent in the fixed deposit industry as compared to post office interest rates.

Better Investment plan

Let’s compare them based on the attributes stated below to see which is the better investment choice for you:

Safety

Postal Savings Schemes are secure since they are supported by the Indian government. ICRA and CRISIL have given Bajaj Finance FD the highest credit ratings for protecting investor cash. This indicates that neither of these assets carries any risk.

The deposit book of over Rs. 25K crores, which comprises 2.5 lakh consumers who have invested in Bajaj Finance FDs, speaks volumes about the company’s reputation and reliability in India.

Process of Investing

Both of these products provide a set interest rate and simple investing choices, but the Bajaj Finance FD takes things a step further by allowing you to invest completely online. You can begin the procedure by completing the online FD form, and you can finish the documents through the KYC online verification method.

Payments can also be done using UPI or net banking, which are both handy online payout methods. In addition to these advantages, investing online earns you a 0.10 percent higher FD interest rate.

As a saving process, one can have a pf account and can manage all the savings through provident funds online.

 

Returns

Both post office savings plans and Bajaj Finance FDs provide a high rate of return. Let’s look at an example to see how their returns compare. Consider investing Rs. 10,00,000 in both a post office time deposit and a Bajaj Finance FD.

Bajaj Finance’s collateral-free loan against fixed deposit allows you to continue growing your savings without interruption. Senior people benefit from a 0.25 percent higher FD rate, which helps them to receive bigger returns upon maturity. The multi-deposit facility, which allows you to invest in many FD plans at the same time, makes it a superior investment option for everyone these days.

Post Office Savings Schemes are great for risk-averse individuals looking to increase their money quickly. Investing in a Bajaj Finance FD is also secure because credit rating organizations like ICRA and CRISIL have given it good credit ratings. Furthermore, Bajaj Finance FD offers one of the greatest FD interest rates in the industry, with rates as high as 7.25 percent compared to the post office interest rate. Additionally, features such as the online investing procedure, several interest payment possibilities, multi-deposit features, and others make it a viable alternative for earning enough returns in today’s world. 

How to calculate your Returns?

The return on your investment, also known as ROI, shows you how much money you’ve made. It assists you in selecting the finest investment from several investment possibilities. You can assess the investment depending on your financial objectives and risk appetite. You might also estimate the cost of your investment and check for any hidden fees that can eat into your profits. In most cases, the return on investment is stated as a percentage. In basic words, the return on investment (ROI) is a financial ratio that allows you to compare the benefits of an investment against the expenses.

What is a return on investment (ROI) calculator and how does it work?

A return on investment calculator is a straightforward online tool for calculating the return on investment. It may also be used to determine the projected return on investment.

Using the following inputs, the calculator determines the return on investment in terms of value and percentage.

• The sum of money invested
• The amount of money that has been returned to you
• The investment’s duration

For the supplied inputs, the calculator produces the following results:

• An investment’s total profit
• Compound Annual Growth Rate of Return on Investment (CAGR)
• The absolute return is the return on investment, whereas the annualized return is the CAGR. The return on an investment over a certain time period is known as an absolute return.

The following formula may be used to compute it:

(Ending value of the investment – Investment cost)/ Investment cost Absolute return = (Ending value of the investment – Investment cost)/ Investment cost

Fixed deposits are a safe and secure way to invest that allows you to increase your money without having to worry about market swings. With the RBI’s repo rate at 4%, bank and post office deposits can only earn you up to 5.50 percent interest at the moment. You work hard to make money, and you want your money to work just as hard for you. Fixed Deposits from Bajaj Finance are a safe and secure option to accomplish just that.

High FD rates of up to 7.05 percent are available from Bajaj Finance, allowing you to increase your money to fulfill your financial goals. In reality, when compared to bank or post office interest rates, provident fund online, Bajaj Finance’s FD interest rates are significantly higher. You may also take advantage of a variety of beneficial bonuses when you invest in these FDs.