Why Invest in FD for Students? What is the Minimum Amount Required to Invest?

Fixed deposits have long been considered an ideal instrument across different age groups and for both existing as well as new investors. With FDs, the security available to investors is high and returns are guaranteed. This is what makes fixed deposits especially popular across all classes of people.

You can start a fixed deposit very early in life. Many people wait till they are working professionals before they start investing in FDs. These days, it is also possible to start a fixed deposit for students. FD for students or FD for children can go a long way in helping fund their higher education.

It is essential to assess the minimal amount you are required to invest before starting a fixed deposit. While the returns on an FD are guaranteed, they can differ based on the interest rates and the tenor of the deposit.

Since a fixed deposit for students can determine the financial capital they have later on in life, it is important to take these decisions after significant deliberation. Make sure to check these details with the bank or NBFC before you start a FD for students with the concerned institution.

Bajaj Finance FD is considered one of the best options for starting a FD for children as it allows depositors to start a fixed deposit with as little as ₹15,000.

Read on below to learn the different interest and maturity amount payable if you invest Rs. 25,000 on an FD for students.

With fixed deposits growing in popularity, many banks and NBFCs have made the process of starting a FD for students easier as well. Bajaj Finance FD has simplified the process to open an FD account extremely simple by moving the process online.

If you want to start a fixed deposit for students, look no further than Bajaj Finance FD. Read on below to learn how you can start a fixed deposit today.

1. Fill in your personal details as well as the beneficiary details on the form availed through the website. Also choose the amount you will be depositing for the FD, the tenor you wish to invest for and the plan type.

2. Upload the documents required, which include a proof of your identity and residence. It is best to keep these documents ready before you start the process to open an FD account.

3. Once these details have been submitted, deposit the principal amount to start your fixed deposit for students.

Now that you know how easy it is to open a FD for students, don’t wait too long before opting for the Bajaj Finance FD.

The reasons that Bajaj Finance FD has become such a popular tool with investors are many. While the benefits of fixed deposits are commonly acknowledged, Bajaj Finance FD enhances them significantly. Read on below to learn the features of fixed deposit, which make them an attractive tool of investment for all ages.

1. The flexible tenor offered by the Bajaj Finance FD ensures that there is a perfect type of FD for every kind of investor.

2. You can choose for yourself how frequently you want to receive payouts from your fixed deposit.

3. Bajaj Finance FD allows depositors to opt for auto-renewal of their fixed deposits, which ensures that you can keep your funds secure for a longer period of time.

Through benefits such as the ones mentioned above, opening an FD for students has become much simpler and extremely beneficial. Regardless of how old you are now, the Bajaj Finance FD will help pave your way and enable you to have funds to meet all your needs.