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26 Aug, 2025 12:21

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Diwali is a festival of lights, joy, and prosperity. It is a time when people exchange gifts and invest in new ventures. Fixed deposits are a popular investment option for those who want to earn a fixed rate of interest on their savings. They are low-risk investments that offer guaranteed returns, making them an ideal choice for conservative investors. This Diwali, consider investing in a fixed deposit to secure your financial future.

However, before investing in a fixed deposit, there are several things that you should know. In this article, we will discuss seven things that you should consider before investing in a fixed deposit.

1. Interest Rates: The interest rate offered by the Bank or financial institution is one of the most important factors to consider when investing in a fixed deposit. It is important to compare the interest rates offered by different banks before opening an FD account. Bajaj Finance offers attractive FD rates up to 8.60% p.a. for senior citizens and up to 8.35% p.a. for customers below 60 years of age.
2. Tenure: The tenure of the fixed deposit is another important factor to consider. Generally, the longer the tenure, the higher the interest rate. Bajaj Finance excels in that as well, it offers flexible tenures ranging from 12 to 60 months.
3. Minimum Deposit: The minimum deposit amount required to open an FD account varies from one FD provider to another. Bajaj Finance, for instance, allows investing with as little as Rs. 15,000, ensuring that financial security is accessible to all.
4. Interest Payout: Fixed deposits can be of two types –

• Cumulative
• Non-Cumulative

In cumulative fixed deposits, the interest is paid out at the end of the tenure. In non-cumulative fixed deposits, the interest is paid out at regular intervals. Bajaj Finance offers flexible payout options, like monthly, quarterly, half-yearly and yearly!

5. FD Return Calculator: An FD return calculator is a useful tool that can help you calculate the interest earned on your fixed deposit. Bajaj Finance offers an online FD calculator that can help you calculate the interest gains and FD maturity amount without much hassle.

6. Safety and Credibility: It is important to invest in a fixed deposit that is safe and credible. Bajaj Finance Fixed Deposit has the highest safety and credibility ratings, assuring the security of your invested amount.

7. Tax Implications: The interest earned on fixed deposits is taxable. It is important to understand the tax implications before investing in a fixed deposit.

In conclusion, fixed deposits are a great investment option for those who want to earn a fixed rate of interest on their savings. However, before investing in a fixed deposit, it is important to consider several factors such as interest rates, tenure, minimum deposit, interest payout, tax implications, and safety and credibility. Bajaj Finance offers attractive FD rates, flexible tenures, and a high level of safety and credibility. Use the FD return calculator to calculate your returns and invest in a fixed deposit that suits your needs.

Moneycontrol Journalists are not involved in creation of this article.