Reasons to Invest One’s Bonus in a Bajaj Finance Online FD

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The commencement of a new month is often accompanied with the joy of receiving one’s monthly salary. With the much-awaited appraisals and bonuses being credited widely, it can be tempting to splurge and treat oneself to some extravagance, but it would be a more prudent choice to invest a portion of one’s hard-earned income.

Bajaj Finance FD offers FD interest rates up to 7.25%

One should focus not only on saving money, but also towards growing one’s wealth. There are a multitude of investment instruments that facilitate growth, each bringing along their respective risks. Amidst the sea of uncertainties and volatile market movements, fixed deposit, has proved to be a safe harbour for investors.

A fixed deposit is an investment option which helps one earn interest on savings parked with a preferred financier. One can choose to get returns on a periodic basis, or at maturity.

Reasons to choose Bajaj Finance online FD

Fixed deposit plans are offered by post offices, various banks and non-banking financial companies. With many options available, parking one’s surplus earnings from bonuses received, in an easy and safe option could be a challenging task. Here’s why investing in a Bajaj Finance FD can be a smart move.

Simple and credible investment platform

One doesn’t have to suffer the exhaustion of waiting in long queues, as investments can be made in Bajaj Finance online FD plans from the comfort of one’s home. The Bajaj Finance online FD form and cKYC document verification process will make the overall experience better. An additional FD interest rate of 0.10% can be earned by utilizing this end-to-end paperless investment procedure.

Also, the flexible lock-in period allows one to set a tenor between 12 and 60 months, giving them the freedom of customizing their FD plans as per their requirements. For confirming the returns that apply to the FD type and tenor one has decided to go with, they can visit the fixed deposit calculator page available on Bajaj Finserv’s website.

Earn substantial returns at maturity

To withdraw generous returns at maturity, one should invest in a Bajaj Finance FD. This is because the fixed deposit rates offered by post office FDs and bank FDs are much lower as compared to the FD rates that are associated with Bajaj Finance FD plans. To verify the same, here’s an example.

Consider an amount of Rs. 15,00,000 is invested for a tenor of 5 years in a Bajaj Finance online FD that locks in the invested amount at interest rates of up to 7.10%*. The returns on each of the investment instruments have been provided in the table below:

FD plan

Investment Amount

Tenor

(years)

Rate of Interest

Interest

Returns

Growth in savings

Bank FD

Rs. 15,00,000

5

6%

Rs. 5,20,283

Rs. 20,20,283

34.58%

Post Office FD

Rs. 15,00,000

5

6.7%

Rs. 5,91,100

Rs. 20,91,100

39.4%

Bajaj Finance online FD

Rs. 15,00,000

5

7.10%

Rs. 6,13,677

Rs. 21,13,677

40.91%

Senior citizens can gain 0.25% additional rate benefit, regardless of the mode of investment they choose.

The same amount can also be invested for the same tenor in a non-cumulative fixed deposit plan by Bajaj Finance, according to one’s convenience and future requirements, to take care of one’s periodic expenses. The below table displays the periodic interest options and earnings that a non-cumulative Bajaj Finance online FD can provide:

Interest Payout Options

Interest Rate

Interest payout

Monthly

6.88%

Rs. 8600

Quarterly

6.92%

Rs. 25,950

Half Yearly

6.98%

Rs. 52,350

Yearly

7.10%

Rs. 1,06,500

For checking the returns with other values of chosen deposit amount, interest rate, and tenor, one can use the FD calculator that can be found on the official website of Bajaj Finserv.

Easy liquification and laddering deposits

It is recommended to ladder deposits, instead of investing all the savings in one fixed deposit, if easy liquification is what one aims for. This not only enables them to balance the effect of fluctuating interest rates on their deposits, but also helps them to collect returns of multiple FDs and deposit it into a high-paying fixed deposit in the future.

This multi-deposit feature helps one to invest in several fixed deposits at once. Also, the choice of selecting the FD tenor, amount, and type of FD would be at their disposal.

Bajaj Finance online FD is a haven for investing earnings. This can be verified from the high credit ratings it has received from CRISIL (FAAA) and ICRA (MAAA) which are the leading credit rating agencies in India.

7.10%* – This rate is applicable for non senior citizens applying online.

About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 44 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

To know more, please visit: www.bajajfinserv.in.

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Handicraft Furniture setting a new trend in the interior and home décor industry

Handicraft Furniture setting a new trend in the interior and home décor industry

Furniture is one of the most prominent and significant aspects of any space. It adds a distinct depth and feel to the décor and enhances its beauty to the next level. Conventionally furniture was considered only as a side element while designing an interior. However, today the trend has changed; the limelight is on the furniture and furnishing elements. Young interior designers and architects are giving utmost importance to furniture and are heavily investing their time and efforts to get the best furniture for modern urban spaces.

Antique Handicraft Furniture

Saharanpur – the furniture city of India is renowned for its explicit patterns, wide motifs, and creativity. The city is home to some of the most skilled and proficient artisans and craftsmen. These creative enthusiasts are known for their attention to detail, intricate carving, and eye for perfection. The finishing and look of the furniture created in this city are beyond comparison. Craftatoz is one of the reputed furniture manufacturing companies in India. Established in the year 1989 in Saharanpur, the company has more than 300 trained and skilled workmen. The antique and eternal furniture created by Craftatoz sets the perfect symphony of texture and gives your space a stunning and grandeur appearance.

Furniture artefacts are one of the worthwhile investments. It not only augments the overall appearance of your room but also meticulously sets the whole ambience. The novelty and ethnic feel of antique furniture make it highly popular amongst the masses. The designers and interior decorators are hunting unique and exquisite antique furniture that connects one with the Indian roots. Craftatoz is one of its kind of handicraft furniture manufacturing company striving to preserve the Indian handicraft industry and introducing artistic handicraft furniture that is spectacular and awe-inspiring.

Preserving the art of Handicraft

Handicraft furniture online is a part of Indian heritage and culture from the Britishers time. Handicraft furniture speaks volumes about our rich history and love for art. Handicraft furniture is an integral part of our interiors and gives your premise an elegant touch. However, over the period of time with the introduction of modernization and machine-made furniture, the significance of handicraft furniture has been also affected to a great extent.  Furniture giants like Craftatoz are exerting themselves to promote the artisan’s talent and preserve the art of handicraft. They are bringing handicraft furniture to modern homes and preserving our legacy. Handicraft furniture is a seamless combination of modern art, style, and antiquity. They are unmatched and a true epitome of sophistication.

Handicraft furniture suits your décor and adds more splendor to it

The latest global trend in home furniture and decoration is Handicraft Furniture. Décor with the layer of Indian handicraft products and furniture creates an interesting décor and creates an impeccable melody of texture, color, fabric, styles, etc. Antique handicraft furniture in the form of mirrors, center table, jharokhas, Chandeliers, key holders, table lamps, corner tables, and much more. Handicraft Furniture is true alchemy of style and poise. They are an ideal fit for any modern urban or conventionally designed abodes. The handicraft wooden furniture celebrates luxury and creates a lavish feel.

The matchless collection of handicraft furniture

Handicraft furniture is never outdated. They are timeless and always in fashion. Other furniture styles may come and go but the love for Indian handicraft and artistic furniture is increasing at an enormous rate. A true lover of Indian culture and exclusive products is sure to get impressed by the sumptuous range of handicraft furniture offered by Craft atoz. The handicraft furniture can truly revamp your furniture and add a gleam to your interiors. Handicraft furniture is available in size, style, and pattern. The availability of premium grade handicraft furniture collection has led to an immense increase in the demand and utility of the same. Interior designers and décor experts are incorporating handicraft furniture to create a comprehensive mood of the space and give it a cutting-edge.

Taking furniture industry to newer heights

Like every industry, the furniture industry has also witnessed several ups and downs. The trends in the furniture industry are ever-evolving. There are continuous introductions and upgrades in this sector. However, the heart of the furniture segment is still ‘Handicraft Furniture’ the simplicity, quirkiness, antique touch, regal patterns and immersive feel of handicraft furniture still continue to mesmerize everyone with its grandeur and sheer opulence.

Handicraft furniture is at the pedestal and gaining substantial attention worldwide. They are widely acknowledged as one of the most reputed, credible, and authentic Indian art forms. The handicraft furniture reflects the legacy of the country and opens new avenues for Indian craftsmen and artefacts. Craftatoz with an aim to provide these artists global exposure and widespread Indian culture to every corner of the world brings a well-thought, finely detailed range of handicraft furniture that creates the cult and sets new milestones in the world of online furniture.