Should You Invest Gratuity Funds in Bajaj Finance FD?

If you want maximum returns with low risk, a fixed deposit is an ideal investment option. An FD is unaffected by any market fluctuations, and thereby, is a simple investment tool with assured returns. Investing in a Bajaj Finance FD can help grow your savings as it offers attractive interest rates along with several other facilities.

Coming to its facilities, you can also invest your gratuity funds in Bajaj Finance FD and earn a good FD interest over it. But is it a good idea to invest gratuity funds in Bajaj Finance FD? Before we delve into that, let’s first understand what is gratuity fund and how it work.

A gratuity fund is a compulsory lump sum amount that employers give to their workers under the Gratuity Act, 1972. It is given to you as an employee for your dedicated years of service. You earn it as a benefit when you decide to shift or retire from the job. Any organisation that operates with at least 10 employees since the past financier year is liable to pay gratuity funds to those employees who have completed at least five years of continuous service in the same organisation.

The calculation of a gratuity fund and the final amount is dependent upon the last drawn salary and years of service in the organisation. As mentioned above, this gratuity fund is given when you as an employee retire or leave the job. Gratuity funds can also be given earlier in case of death or disability. Further, you also have the right to know the amount of gratuity fund you will be receiving.

In most cases, gratuity funds are your life savings as they are earned at the time of retirement or shifting a job. If you invest in a gratuity fund, it can get you additional earnings. However, you might be wary of investing them in high-risk investments.

Gratuity funds can earn you attractive interest income if invested in a Bajaj Finance FD. Interestingly, your amount will also be safe as a fixed deposit is one of the safest investment options. Moreover, Bajaj Finance FD has an FAAA/Stable rating from CRISIL and MAAA (Stable) rating from ICRA, indicating that you will not face any troubles while receiving your interest income.

The interest rates for Bajaj Finance FD are as high as 8.35% p.a. with an additional rate of 0.25% for senior citizens. This makes it one of the highest interest rates available in the market. The tenor of investment ranges from 12 to 60 months and you can choose to get the interest payout at maturity or in flexible periodic payout options of monthly, quarterly, half-yearly or annually. You do not have to worry about a larger corpus as a fixed deposit at Bajaj Finance can be started with an amount as low as ₹15,000. With an easy online application process, you can easily invest gratuity funds in Bajaj Finance FD and make the most out of it.