Summary:
You can get started by choosing a safe investment option, such as a fixed deposit. You can choose a cumulative interest rate if your goal is to build a cash reserve or a corpus for your future. This makes the Bajaj Finance Fixed Deposit a reliable investment option for senior citizens. In addition, a Fixed Deposit for Senior Citizens will fetch you an interest rate that is 0.35% higher. In this regard, you will find that choosing an FD from an NBFC (Non-Banking Financial Company) will offer you a better FD interest rate as compared to picking a bank FD..