When you make your savings work for you by investing, it not only speaks to your financial acumen, but also allows you to achieve goals and combat inflation effectively. While there are multiple options like mutual funds, bonds and stocks that you can choose from, most of these are subject to market risk and do not guarantee returns.

Therefore, when you have a specific target in mind, such as raising a monthly income of Rs. 20,000, it's best to pick an instrument that offers guaranteed returns, such as a Bajaj Finance Fixed Deposit.

How to generate a monthly income by investing in an FD?
The answer is simple, invest in fixed deposit with monthly interest payouts. Typically, with fixed deposits you can either have the interest paid at maturity, or periodically over the course of the tenor. When the goal is to generate a steady monthly income, opt for periodic payouts and choose ‘monthly’ as your frequency.

To earn a monthly income of at least Rs. 20,000, it’s recommended that you invest Rs. 30 lakh for a tenor of 36 months. The table below indicates how your investment can help you earn a monthly income of Rs. 20,000 and more, over the next 3 years.



Why invest in a Bajaj Finance FD?
You can determine the interest income and more, by using the FD calculator, before you start investing.

Apart from helping you earn a monthly income of Rs. 20,000, investing in a Bajaj Finance FD offers the following benefits.

No effect of market volatilities
Investing in a Bajaj Finance FD protects your money from intermittent market fluctuations. No matter how the market performs, you will get the returns promised to you at the time of booking your FD. Bajaj Finance is the only Indian NBFC to get an international ‘-BBB’ rating by S&P and it also has the highest stability ratings of MAAA by ICRA and FAAA by CRISIL. Therefore, you can be sure of receiving timely returns.

Competitive yield of up to 8.70%
When you choose to invest with Bajaj Finance, you can secure industry-leading FD interest rates to multiply your wealth steadily over time. With this FD you can get up to 8.35% as a regular investor and up to 8.70% as a senior citizen when you invest for a minimum of 36 months, and opt to receive interest at maturity.

To understand the returns you can earn, take a look at the following table.



Access to a loan against FDMinimal investment amount
To invest in a Bajaj Finance FD, you do not need to wait until you have a sizable investment corpus. You can easily start investing with just Rs.25,000. Moreover, you can make use of the multi-deposit facility to create several FDs through a single cheque. This provision is also beneficial in the event that you need immediate access to cash, as you can dip into one deposit and not disturb the others. Additionally, you can opt for auto-renewal at the time of booking your FD. This allows you to invest for a longer term without submitting any extra paperwork.

To help you address short-term emergency needs without breaking your FD, Bajaj Finance offers a loan of up to Rs.4 lakh against your investment.

Now that you know how profitable investing in an FD is and how you can earn Rs.20,000 on a monthly basis through one, invest in a Bajaj Finance Fixed Deposit right away. All you have to do is fill a Bajaj Finance online FD application form and await a call from an authorised representative.

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