How Parents Can Secure Their Child's Future With Bajaj Finance FD

Education is the most important thing when it comes to your child's bright future. But quality education does not come cheap. A substantial amount is required for training and coaching, even if your child wants to be a sports person or an actor in the future. Therefore, it is advisable for parents to start saving for the education and other dreams of their children as soon as they are born.

There are many investment instruments in the market that can be used to ensure a stable future for your kid. There are mutual funds that provide high returns, and then there are long term investments like PPF that ensures a large corpus at the end of the term. Also, there are traditional investment instruments like current deposits and fixed deposits that make sure that your investments are safe. Off late, the fixed deposits offered by the NBFCs like Bajaj Finance are in great demand due to the high-interest rates offered on them.

Let us see some of the features of Bajaj Finance Fixed Deposit plans that make them a reliable investment option for the future of your children:

Safety 

There are numerous fixed deposit schemes in the market that are offered, especially for children. However, the fact remains that not many of them are different than the regular fixed deposit schemes offered by banks and NBFCs. While banks are considered to be safer for your invested capital, fixed deposits by Bajaj Finance are also safe from the changing market conditions. 

FDs offered by Bajaj Finance can prove to be one of the best-fixed deposit plans for children since they are rated for stability and safety by third-party credit rating agencies like CRISIL and ICRA. Therefore, by investing in these FDs you can rest assured about your child’s financial security.

High-interest rates

The interest rates offered by fixed deposits are much higher than those offered by savings deposit schemes. Therefore, you can go for fixed deposits that guarantee surplus returns at the end of the tenor. 

Bajaj Finance Fixed Deposits offer interest rates up to 8.95%, which is one of the best interest rates offered on FDs in the Indian market today. Therefore, by opening multiple Bajaj Finance FDs, you can ladder your investments such that if you at least one FD maturing every year to meet the annual higher education expenses of your child.  

Loans 

Sometimes you might need to take a personal or educational loan to meet the costs of overseas education or an expensive pro-degree course for your child might force you to do that. The educational loan policies might be stringent, especially when the parents do not have any collateral to pledge. 

However, there is no need to worry as Bajaj Finance allows you to borrow loan for your child’s better future without any collateral if you have opened a fixed deposit account. These loans are offered at low interest rates, and therefore, you do not have to go for premature withdrawal of FD.  

Flexibility 

Meeting educational and other expenses of a child is not an easy thing as it contains lots of unpredictable and unplanned costs. However, you need not worry when you have a flexible investment plan like a Bajaj Finance FD.

These FD plans offered by Bajaj Finance come with a flexible tenor of 12 to 60 months so that you can choose the tenor according to your financial requirements. Not only that, you can pick FDs that offer periodic payouts as Bajaj Finance FD enables you to select monthly, quarterly, six-monthly or annual interest payouts that can fund your immediate expenses. 

All these reasons make Bajaj Finance FDs one of the best options for securing your child’s future. You can start investing with just Rs. 25,000 which enables you to start investing from an early age. Moreover, tools like Online FD Interest Rate Calculator help you to predict your earnings in advance, which naturally help you to plan better. Invest in safe Bajaj Finance FDs, select an appropriate tenor and investment amount as per your choice, and secure your child's future!