Investment rate – Bajaj Finance FD offers higher interest rates up to 7.75% p.a., which is higher than any other fixed-income option given the current state of the economy.Let us see how you can benefit even further with a Bajaj Finance FD. You can ensure maximum returns on FDs guaranteed by well-financed and liquid companies like Bajaj Finance.
In that case, you can consider an alternative option of investing in high-yielding companies that offer similar guarantees with zero to low risk on FD.Įven though post office FD may offer a higher interest rate than bank FD, it cannot match the interest rate provided on company FDs. Suppose you are thinking of redirecting the interest earned from the post office FD. Post office fixed deposit vs Bajaj Finance Fixed Deposit The upper limit for deductions under the said section of the IT Act, 1961 is maxed at Rs. While documenting Income Tax Return (ITR), one can add their investments of fixed deposit in Post Office to claim deduction u/s 80C of the Income Tax Act, 1961. One significant benefit of investing in Post Office FD is that (TDS*) isn't deducted on the interest earned. Post Office FD: TDS Implication/ Taxation Here’s a table on the features and benefits offered by Bajaj Finance. *If the account is closed between 6 to 12 months from the date of opening, then Post Office Savings A/c rates will be applicable. Here’s a table on features of post office fixed deposit These post office FDs are backed by the sovereign guarantee of the government of India. Post office FD is a preferred investment option for a safe investment avenue. – 6.7% p.a., offering investors stable growth.
The post office FD interest rates range from 5.5% p.a. Post office fixed deposits are backed by the sovereign guarantee of the Government of India. A post office fixed deposit, also known as a post office term deposit, is a fixed deposit issued by the Indian Postal Services. Fixed deposit is one of the safest investment avenues offered by banks, Non-Banking Financial Companies (NBFCs) and post offices.
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