• Submit Your Content
  • Editorial Policy
  • Advertise
  • Send Us Tip
  • About
  • Contact Us
  • Jobs
NewsPostOnline
Advertisement
  • Home
  • News
    • All
    • Business
    • Education
    • Finance
    • Marketing
    • Politics
    • Real Estate
    • Retail
    • Science
    • World
    Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

    Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

    How Does Technology Affects Business Today

    How Does Technology Affects Business Today

    Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

    Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

    The Opportunities for Entrepreneurs in On-Demand Businesses

    The Opportunities for Entrepreneurs in On-Demand Businesses

    The Latest Developments Witnessed in Real Estate Tokenization

    The Latest Developments Witnessed in Real Estate Tokenization

  • Tech
    • All
    • Apps
    • Automobiles
    • Electronics
    • Gadget
    • Mobile
    • Startup
    Best Practices for Test Management

    Best Practices for Test Management

    Ways to Streamline Your Industrial Business This Year

    Ways to Streamline Your Industrial Business This Year

    How to Choose the Best Online Collaboration Platform for Your Team

    How to Choose the Best Online Collaboration Platform for Your Team

    Why Test Case Management Is Super Important In The Agile World?

    Why Test Case Management Is Super Important In The Agile World?

    Microphone Techniques – Expert Tips For The Best Results

    Microphone Techniques – Expert Tips For The Best Results

  • Entertainment
    • All
    • Gaming
    • Music
    • Sports
    Nine Most Common Sports Injuries

    Nine Most Common Sports Injuries

    Top 5 Android Emulators to Play Games on Computer

    Top 5 Android Emulators to Play Games on Computer

    Importance of PA Systems For Your Events

    Importance of PA Systems For Your Events

    How Bollywood Stars Utilizing Self-Quarantine Time Amid Coronavirus Lockdown

    How Bollywood Stars Utilizing Self-Quarantine Time Amid Coronavirus Lockdown

    How Did the COVID-19 Pandemic Affect the World of Video Games?

    How Did the COVID-19 Pandemic Affect the World of Video Games?

  • Lifestyle
    • All
    • Architecture
    • Beauty
    • Fashion
    • Food
    • Health
    • Home
    • Travel
    What Can Clear Severe Acne?

    What Can Clear Severe Acne?

    Why You Should Buy a Commercial Smoker

    Why You Should Buy a Commercial Smoker

    Easy Tips on Choosing the Perfect Handbag for Your Outfit

    Easy Tips on Choosing the Perfect Handbag for Your Outfit

    Top 10 Events in 2021 That May Require You To Get Your Nails Done

    Top 10 Events in 2021 That May Require You To Get Your Nails Done

    4 Lifestyle Tips to Keep Healthy During Quarantine

    4 Lifestyle Tips to Keep Healthy During Quarantine

  • Review
    • All
    • Advice
    • Opinion
    How You Can Make Adapting to Change Better a Post Pandemic Plan

    How You Can Make Adapting to Change Better a Post Pandemic Plan

    5 Exciting Jobs in the Beauty Industry That Could Be Your Dream Career

    5 Exciting Jobs in the Beauty Industry That Could Be Your Dream Career

    Tips for New Parents to Reduce Cost of Childcare Expenses

    Tips for New Parents to Reduce Cost of Childcare Expenses

    5 Reasons Why Using an Online Paraphrasing Tool Is a Great Idea

    5 Reasons Why Using an Online Paraphrasing Tool Is a Great Idea

    Understanding Cybersecurity as a Career

    Understanding Cybersecurity as a Career

  • Future
    • All
    • Artificial Intelligence
    • Astrology
    • Augmented Reality
    • Bitcoin
    • Blockchain
    • Cryptocurrency
    • Energy
    • Environment
    What Is Solar Powered Bird Bath Fountain? – Complete Guide

    What Is Solar Powered Bird Bath Fountain? – Complete Guide

    What’s Next for Digital Currencies For 2020 and Beyond

    What’s Next for Digital Currencies For 2020 and Beyond

    Easy Changes You Should Make to Live a More Eco-Friendly Life

    Easy Changes You Should Make to Live a More Eco-Friendly Life

    A Role Played By Artificial Intelligence: Do not Underestimate its Power

    A Role Played By Artificial Intelligence: Do not Underestimate its Power

    The Environmental Impact of Plastic Bags

    The Environmental Impact of Plastic Bags

  • Insights
    • All
    • Companies
    • NPO Radar
    • Strategy
    How Link Building Strategies Impact Organic Rankings

    How Link Building Strategies Impact Organic Rankings

    Best User-Generated Content Strategy for Your Business

    Best User-Generated Content Strategy for Your Business

    Recession Strategy: 5 Alternative Sources of Income for Copywriters

    Recession Strategy: 5 Alternative Sources of Income for Copywriters

    architects

    Top 5 Architects for Apartments and Individual Homes in Hyderabad

    npo radar 2020

    NPO RADAR 2020: Top 250 B2B Technology Companies You Should Follow

  • Events
Advertise
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Education
    • Finance
    • Marketing
    • Politics
    • Real Estate
    • Retail
    • Science
    • World
    Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

    Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

    How Does Technology Affects Business Today

    How Does Technology Affects Business Today

    Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

    Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

    The Opportunities for Entrepreneurs in On-Demand Businesses

    The Opportunities for Entrepreneurs in On-Demand Businesses

    The Latest Developments Witnessed in Real Estate Tokenization

    The Latest Developments Witnessed in Real Estate Tokenization

  • Tech
    • All
    • Apps
    • Automobiles
    • Electronics
    • Gadget
    • Mobile
    • Startup
    Best Practices for Test Management

    Best Practices for Test Management

    Ways to Streamline Your Industrial Business This Year

    Ways to Streamline Your Industrial Business This Year

    How to Choose the Best Online Collaboration Platform for Your Team

    How to Choose the Best Online Collaboration Platform for Your Team

    Why Test Case Management Is Super Important In The Agile World?

    Why Test Case Management Is Super Important In The Agile World?

    Microphone Techniques – Expert Tips For The Best Results

    Microphone Techniques – Expert Tips For The Best Results

  • Entertainment
    • All
    • Gaming
    • Music
    • Sports
    Nine Most Common Sports Injuries

    Nine Most Common Sports Injuries

    Top 5 Android Emulators to Play Games on Computer

    Top 5 Android Emulators to Play Games on Computer

    Importance of PA Systems For Your Events

    Importance of PA Systems For Your Events

    How Bollywood Stars Utilizing Self-Quarantine Time Amid Coronavirus Lockdown

    How Bollywood Stars Utilizing Self-Quarantine Time Amid Coronavirus Lockdown

    How Did the COVID-19 Pandemic Affect the World of Video Games?

    How Did the COVID-19 Pandemic Affect the World of Video Games?

  • Lifestyle
    • All
    • Architecture
    • Beauty
    • Fashion
    • Food
    • Health
    • Home
    • Travel
    What Can Clear Severe Acne?

    What Can Clear Severe Acne?

    Why You Should Buy a Commercial Smoker

    Why You Should Buy a Commercial Smoker

    Easy Tips on Choosing the Perfect Handbag for Your Outfit

    Easy Tips on Choosing the Perfect Handbag for Your Outfit

    Top 10 Events in 2021 That May Require You To Get Your Nails Done

    Top 10 Events in 2021 That May Require You To Get Your Nails Done

    4 Lifestyle Tips to Keep Healthy During Quarantine

    4 Lifestyle Tips to Keep Healthy During Quarantine

  • Review
    • All
    • Advice
    • Opinion
    How You Can Make Adapting to Change Better a Post Pandemic Plan

    How You Can Make Adapting to Change Better a Post Pandemic Plan

    5 Exciting Jobs in the Beauty Industry That Could Be Your Dream Career

    5 Exciting Jobs in the Beauty Industry That Could Be Your Dream Career

    Tips for New Parents to Reduce Cost of Childcare Expenses

    Tips for New Parents to Reduce Cost of Childcare Expenses

    5 Reasons Why Using an Online Paraphrasing Tool Is a Great Idea

    5 Reasons Why Using an Online Paraphrasing Tool Is a Great Idea

    Understanding Cybersecurity as a Career

    Understanding Cybersecurity as a Career

  • Future
    • All
    • Artificial Intelligence
    • Astrology
    • Augmented Reality
    • Bitcoin
    • Blockchain
    • Cryptocurrency
    • Energy
    • Environment
    What Is Solar Powered Bird Bath Fountain? – Complete Guide

    What Is Solar Powered Bird Bath Fountain? – Complete Guide

    What’s Next for Digital Currencies For 2020 and Beyond

    What’s Next for Digital Currencies For 2020 and Beyond

    Easy Changes You Should Make to Live a More Eco-Friendly Life

    Easy Changes You Should Make to Live a More Eco-Friendly Life

    A Role Played By Artificial Intelligence: Do not Underestimate its Power

    A Role Played By Artificial Intelligence: Do not Underestimate its Power

    The Environmental Impact of Plastic Bags

    The Environmental Impact of Plastic Bags

  • Insights
    • All
    • Companies
    • NPO Radar
    • Strategy
    How Link Building Strategies Impact Organic Rankings

    How Link Building Strategies Impact Organic Rankings

    Best User-Generated Content Strategy for Your Business

    Best User-Generated Content Strategy for Your Business

    Recession Strategy: 5 Alternative Sources of Income for Copywriters

    Recession Strategy: 5 Alternative Sources of Income for Copywriters

    architects

    Top 5 Architects for Apartments and Individual Homes in Hyderabad

    npo radar 2020

    NPO RADAR 2020: Top 250 B2B Technology Companies You Should Follow

  • Events
No Result
View All Result
NewsPostOnline
No Result
View All Result

Know The Latest Fixed Deposit Interest Rates in India

Gaurav Khanna by Gaurav Khanna
August 1, 2020
in Finance
0
Home News Finance
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

The world is going through a phase of economic uncertainty. Due to this, you must make sure to invest in safer investment instrument. A fixed deposit is among the few investments that can guarantee the safety of your investments right now. To ensure that your deposited amount grows at a steady rate, you must invest in an FD that offers a lucrative interest rate.

ADVERTISEMENT

Bank FDs are considered to be safe instruments when it comes to risk-free investment options. However, the recent repo rate cut done by RBI has lowered the bank fixed deposit rates in India by some points.

Due to the reduced bank interest rates, the people who were dependent on the interest payouts of FDs will find it hard to cover their regular expenses. Therefore, they will naturally tend to explore better earning opportunities. 

For example, you want to invest Rs. 1,00,000 for a period of 5 years. On average, the highest interest that you would get after investing in a bank FD is 5.65% whereas corporate FDs like Bajaj Finance FDs offer interest rates up to 7.35%. Check the below table to look how this can have a considerable impact on your savings:

Fixed deposit schemeAmountTenor Rate of interestInterest earningsReturn On Investment
Bank FD Rs. 1,00,0005 yearsRs. 5.65%Rs. 32,38232%
Bajaj Finance FDRs. 1,00,0005 yearsRs. 7.35%Rs. 42,56442%

After investing Rs. 1,00,000 in a bank FD for 5 years you will earn interest of Rs. 32,382 at maturity whereas you can earn Rs. 42,564 on investing the same amount in a Bajaj Finance FD. This means that the growth of investment is around 42% here whereas you get approximately 32% growth after investing in a bank FD. 

You can predict the returns of an FD by using an FD calculator. An FD rate calculator can be found in the official portal of a bank or a finance company. These are some other ways that you can adopt to earn at a better interest rate in 2020:

Ladder your FDs

You can ladder your FDs by investing in fixed deposit plans of varying tenors and types. This ensures that you get more liquidity options in financial crunch situations. Also, by laddering FDs, you can invest in FDs that provide a better return on investment whenever you get an opportunity.

The multi-deposit facility provided by Bajaj Finance enables you to invest in FDs of different tenors and types with a single cheque. Also, the choice of selecting a flexible tenor between 12 and 60 months for each of these FDs allows you to ladder your investments smoothly. 

Earning through small monthly deposits 

Invest in an SDP (Systematic Deposit Plan) of Bajaj Finance if you want to grow your monthly savings at a high-interest rate. The monthly deposits start at just Rs. 5000 and any number of deposits between 6 and 48 can be made.

These deposits can be locked-in up to 60 months and each deposit is considered as a separate FD. SDP can also provide the benefits of current interest rates as prevailing on each of the deposit dates.

Moreover, credit rating organizations like ICRA and CRISIL have rated Bajaj Finance FD highly for its safety and stability. Therefore, you can multiply your savings both quickly and safely by investing in these fixed deposit plans.

The market is getting more volatile with every passing month and this has raised concerns in the minds of investors all over the world. Therefore, many of you might be thinking of investing in fixed deposit plans that ensure the safety of the invested amount. However, the bank FD rates have fallen and therefore, you will have to take smart steps to ensure that your deposits grow swiftly.

For example, you can ladder your deposits or invest in Systematic Deposit Plan to grow your monthly deposits. You also have the option of investing in company FDs such as those offered by Bajaj Finance. These FDs allow you to multiply your deposits at interest rates up to 7.35% and they are safe as well.

Tags: fixed depositindiainterest rates
ADVERTISEMENT
Previous Post

Buy Leading Air Coolers this Summer Without Budget Worries

Next Post

Things to Remember While Paying for Groceries and Essentials

Gaurav Khanna

Gaurav Khanna

Gaurav Khanna is an experienced financial advisor, digital marketer, and writer who is well known for his ability to predict market trends.

Related Posts

Creating the Right Investment Portfolio On a Shoestring Budget

Creating the Right Investment Portfolio On a Shoestring Budget

December 12, 2020
What Does the Average Loan Customer Look Like?

What Does the Average Loan Customer Look Like?

November 24, 2020
Tips for Investing Your Money WISELY in 2020

Tips for Investing Your Money WISELY in 2020

October 30, 2020
Functional Ways to Improve Your Financial Health

Functional Ways to Improve Your Financial Health

October 14, 2020
What are the Basics of a Mortgage Loan?

What are the Basics of a Mortgage Loan?

September 16, 2020
FD Calculator: Fixed Deposit Interest Rate Calculator Online

FD Calculator: Fixed Deposit Interest Rate Calculator Online

August 29, 2020
Next Post
Things to Remember While Paying for Groceries and Essentials

Things to Remember While Paying for Groceries and Essentials

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
How to fix HP Printer Spooler Error?

How to fix HP Printer Spooler Error?

February 7, 2020
Casual Games

Top 15 Casual Games | Best Casual Games Of The Year 2019

December 27, 2019
Top 7 Underrated Indian Web Series You Must Watch

Top 7 Underrated Indian Web Series You Must Watch

February 25, 2020
Is Yahoo Messenger Coming Back?

Is Yahoo Messenger Coming Back?

May 21, 2020
Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

0
Entrepreneur

What Skills Do You Need to be an Entrepreneur?

0
Business Office Apps

Best Business/Office Android Apps of 20th Century (Updated)

0
Google Pixel

Google Pixel 4 vs Pixel 3 vs Pixel 3a: Which Phone is Right for you?

0
Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

January 23, 2021
What Can Clear Severe Acne?

What Can Clear Severe Acne?

January 23, 2021
How Does Technology Affects Business Today

How Does Technology Affects Business Today

January 22, 2021
Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

January 21, 2021

Recent News

Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

January 23, 2021
What Can Clear Severe Acne?

What Can Clear Severe Acne?

January 23, 2021
How Does Technology Affects Business Today

How Does Technology Affects Business Today

January 22, 2021
Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

Uber for X Business Model: Why is it the Best Business Idea to Launch an On-Demand Business?

January 21, 2021
NewsPostOnline

NewsPostOnline is an independent online publication that is a voice to the world of technology and marketing. Every month we reach over 10 million passionate technology enthusiasts who rely on us for news, reviews, features & product recommendations, etc.

Trust Seal

Browse by Category

  • Advice
  • Apps
  • Architecture
  • Artificial Intelligence
  • Astrology
  • Augmented Reality
  • Automobiles
  • Beauty
  • Best Practice
  • Bitcoin
  • Blockchain
  • Business
  • Case Studies
  • Companies
  • Cryptocurrency
  • Education
  • Electronics
  • Energy
  • Entertainment
  • Environment
  • Fashion
  • Finance
  • Food
  • Future
  • Gadget
  • Gaming
  • Health
  • Home
  • How to
  • Lifestyle
  • Marketing
  • Mobile
  • Music
  • News
  • NPO Radar
  • Opinion
  • Playstation
  • Politics
  • Product Reviews
  • Real Estate
  • Retail
  • Review
  • Science
  • Sports
  • Startup
  • Strategy
  • Tech
  • Travel
  • Uncategorized
  • World

Recent News

Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

Learning Soft Skills Online: How You can Grab the Opportunity to Grow During this COVID-19 Lockdown

January 23, 2021
What Can Clear Severe Acne?

What Can Clear Severe Acne?

January 23, 2021

We are Listed

GoodFirms Badge   DMCA.com Protection Status
  • About
  • Advertise
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy
  • Submit Your Content
  • Contact Us

© 2021 NewsPostOnline. All Rights Reserved

No Result
View All Result
  • Submit Your Content
  • Editorial Policy
  • Advertise
  • Send Us Tip
  • About
  • Contact Us
  • Jobs

© 2021 NewsPostOnline. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our I Agree