Make Rs.2.5 lakh in just 5 years by investing in a Bajaj Finance FD

Make Rs.2.5 lakh in just 5 years by investing in a Bajaj Finance FD

When your goal is to earn Rs.2.5 lakh in 5 years by investing, you must save regularly, take smart investment decisions and most importantly, be methodical and patient. Depending on how much you save on average, you will be able to accumulate the said amount in roughly 5 years.

It’s important to remember that you should multiply your funds by investing in the right options based on your goals, return expectations, risk appetite, and timeframe. As a thumb rule, the sooner you start investing, the higher are the returns that you can earn.

While there are many investment options like equities, mutual funds, gold, and others that can help you make Rs.2.5 lakh in 5 years, they all come with an element of risk. When you invest in such options, your returns are at the mercy of market fluctuations. Therefore, the better alternative is to invest your hard-earned money in options that carry minimal risk and offer good returns. One such popular investment options is a fixed deposit.

How does a Bajaj Finance Fixed Deposit help in making Rs.2.5 lakh in 5 years?

A fixed deposit is known for its safety as it generates steady returns over the tenor. Further, you can earn a high interest by choosing the right FD, such as Bajaj Finance Fixed Deposit. Rated FAAA by CRISIL and MAAA by ICRA, this FD offers guaranteed returns on maturity and some of the highest interest on fixed deposits too.

As a regular investor, you can earn up to Rs.8.60% when you invest in an FD for 3 or more years, with interest payable at maturity. In fact, Bajaj Finance offers various lucrative interest rates depending on your investor profile and the tenor you choose. Most importantly, you can use the FD Return Calculator to know the interest on fixed deposit that you qualify for well in advance. In other words, you can use the calculator to ascertain the deposit amount that will fetch you Rs.2.5 lakh in 5 years.

As a new customer, you are entitled to 8.60% interest on your investment. Based on this, take a look at how much you should invest to achieve your goal.

Deposit amount (in Rs.) Tenor (in yrs.) Returns (in Rs.) Return (in %) Maturity amount (in Rs.)
1,70,000 5 86,802 51.06 2,56,802

As a senior citizen, you are entitled to 8.95% interest on your investment. Based on this, take a look at how much you should invest to achieve your goal.

Deposit amount (in Rs.) Tenor (in yrs.) Returns (in Rs.) Return (in %) Maturity amount (in Rs.)
1,70,000 5 90,967 53.51 2,60,967

As you can see, by investing Rs.1.7 lakh in a Bajaj Finance Fixed Deposit, you can earn the expected maturity amount of Rs.2.5 lakh in 5 years. If you don’t have the initial lump sum deposit of Rs.1.7 lakh, you can accumulate it by investing in one of the following two options.

Recurring deposit (RD)

A recurring deposit is another low-risk investment option. When you start an RD, you agree to deposit a fixed amount in your investment account, on a periodic basis, throughout the tenor. Such deposits earn a fixed RD interest and on maturity, you receive a sum that includes both the principal and interest.

Here too, you can use an RD calculator to ascertain the deposit amount and tenor that you have to choose in order to earn Rs.1.7 lakh. For instance, investing Rs.7,000 per month in a 2-year RD that offers 7% interest will give you Rs.1.8 lakh on maturity.

Systematic Investment Plan (SIP)

Alternatively, if you can take on moderate risk, investing in mutual funds via an SIP will allow you to accumulate the amount successfully. However, remember that depending on the underlying asset of the mutual fund scheme, the SIP may carry low, moderate or high risk.

Invest in an SIP only after assessing your risk and return expectations and choose one with care. For instance, by investing Rs.6,500 every month for 2 years in an SIP that generates 12% returns will give you around Rs.1.7 lakh on maturity.

Once you accumulate Rs.1.7 lakh, you can go ahead and Start an FD with Bajaj Finance and achieve your target of earning Rs.2.5 lakh safely in no time at all. To get started, all you have to do is fill a short online form.

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