Pune (Maharashtra) [India], June 4 (ANI / NewsView): On June 4, 2021, RBI Governor Shaktikanta Das announced that repo and reverse repo rates would remain at 4% and 3.35%, respectively.
The announcement was made after the Reserve Bank of India’s Monetary Policy Committee (MPC), scheduled from June 2, 2021 to June 4, 2021.
This is the sixth time in a row that the RBI has maintained the status quo on pension interest rates. Pension rates have not changed to curb inflation and are approaching the MPC’s 4% target. In addition, these measures help inject liquidity into the market given the current fragile economic situation.
While this helps make lending easier, all financial institutions are under downward pressure to lower deposit rates. Current scenarios around the world highlight the importance of saving, especially in emergency situations.
It is important for investors to fix their savings at the generally high FD rates, as recent announcements could lower deposit rates further. Some may consider investing in market related products, but they are exposed to risks depending on market movements.
To diversify and balance your investment portfolio, it is best to choose a solid financial plan that is independent of market movements. In the latest MPC announcements during these times, the reasons why you may choose to invest in Bajaj Finance Online FD are as follows: rate. That’s 6.60% for non-seniors who invest online. These interest rates are relatively higher than those offered by FD post offices and banks. Higher interest rates allow investors to earn better yields to maturity and stimulate growth.
Take the example of an investor investing in Rs. 30,000,000 people selected different time periods on Bajaj Finance’s online FD and compared their returns.
Therefore, you can also see some interesting things. By investing in non-cumulative DFs, you also have the opportunity to get regular payouts of the same amount and time period. They have the option of receiving monthly, quarterly, semi-annual, annual or maturity payments.
Below is a recurring payment table for the same amount and a 5 year contract as described above. This provision is particularly useful for seniors who plan to use these funds to cover their monthly expenses.
Premature withdrawals Bajaj Finance allows you to withdraw your savings deposit prematurely in an emergency. Bajaj Finance offers easy to use loans to FDs. Investors can take out a loan of up to 75% of their investment in FD. The financing facilitation process for FD is poorly documented, expedited and at no additional cost.
Convenient online process It is now possible to invest in FDs without having to submit physical copies of multiple documents or long queues. With Bajaj Finance Online FD, you get the benefits of a contactless and paperless online process. If you invest online, you will get an additional 0.10% interest rate advantage.
Security and Reliability Consider investing in Bajaj Finance online term deposits and consider protecting your investment against volatile market movements.
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