Bajaj Finance Fixed Deposits for Securing Women's Financial Future

Women don several hats throughout their lives, and whether they work or are unemployed, women generally face several financial challenges. Moreover, working women have to maintain a precarious work-life balance. In order to manage their family, they might have to take a career break for a few years, which leads to an inconsistent inflow of money.

Additionally, India ranks low among countries having women entrepreneurs, scoring a mere 41.7 points on the Mastercard Index of Women Entrepreneurs. This had led to India ranking 49th out of the 54 economies, across the world.

Why Fixed Deposits are Best Investment Options for Women?

According to an April 2017 World Bank report, female labour force participation in India fell from 34.8% to 27%, from 1990 to 2013. In 2016, it was further reduced to 23.7%. Unemployed women, are dependent on family for their personal finance. Lack of attitude, and financial awareness, makes them incapable of taking their own financial decisions.

FD (Fixed Deposit) can help here. They are a traditional savings option that offers fixed and assured returns, that women who work in SMEs or homemakers who have saved from the household expenses can also invest in.

Additionally, women who need periodic payouts for maintenance, transportation, child’s education, and advance courses can utilise the non-cumulative option, mentioned above. For yearly or long-term benefits such as weddings, vacations and others, a cumulative fixed deposit scheme is better suited.

Why Choose Fixed Deposits by Bajaj Finance?

Women business owners in India need to have a stream of income to buffer them from ups and downs of business. Hence, Bajaj Finance Fixed Deposits are the best investment options for Women.
These FDs with ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating are a great investment choice. What’s more, the interest rates of these fixed deposits for women are competitive- reaching up to 8.02%- with tenors ranging between 12 to 60 months.

Moreover, these FDs have a minimum cap Rs. 25,000, and come in two schemes- cumulative and non-cumulative. The Bajaj Finance FDs with a non-cumulative scheme, pays out the interest at different intervals. The money can be withdrawn monthly, quarterly, half-yearly, or annually, allowing women to receive a regular income and meet their requirements. In the Bajaj Finance cumulative fixed deposit scheme, the interest and principal are compounded annually, and paid-out at maturity.
Bajaj Finance Fixed Deposits for Securing Women's Financial Future Bajaj Finance Fixed Deposits for Securing Women's Financial Future Reviewed by Internal Eseo on March 08, 2018 Rating: 5

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