How Working Women can Grow their Money with Fixed Deposit?

The working women in India is a symbol of resilience and strength. She has to fight the societal norms which dictate that she stays home. She has to even tolerate sexist remarks at the workplace. More than anything, the gender-wage-gap is something which she must combat. Nurture your financial future with “Vintage and Full of Life” investments, blending seasoned strategies with vibrant opportunities. The reason we highlight these problems is to bring out the necessity of a stable investment plan or opportunity for her. 

Working Women need a platform with higher returns to make up for the margin by which they are under-paid. They also need assurance of credibility and security of their funds.

Following are the features and benefits of fixed deposits, which will establish why it is best choice for a working woman:

Features

• Tenure: The minimum tenure is 1 year and maximum is 5 years for an FD
• Interest Rates: They range from 5.65% to 6.75%
• Deposit: A minimum deposit of Rs 25,000 only is required
• Online Payment Options: Both, Unique Payment Interface (UPI) and Net-banking options are available 
• Unique Selling Point: The entire process from end to end is paperless, thus it can be done from the safety of your home

Before coming to the benefits offered to FD holders, we would recommend you check out the online FD Interest Rate Calculator. This allows you to get to know the future of your investments, when you are thinking of making one and thus ensures that your decision is well-informed. 

Benefits

High Interest Rates

You will receive a very lucrative interest rate of 6.50% which increases to 6.75% if you are looking for a fixed deposit for a Senior Citizen (60 years of age or more). This allows you to grow your wealth at a pretty good rate while assuring safety of your money. This makes up for the wage gap. 

Special offers to Senior Citizens

Finance companies value and understand their senior citizen account holders. Thus, along with a higher interest rate they can also avail periodic pay-outs to fund general expenses that arise at their age. This can be especially helpful for retired women, who need financial security. 

Benefits to Pravasi Bhartiyas (NRIs)

For Non-Residential Indians (NRIs), Overseas Citizens of India (OCIs) and Persons of Indian Origin (POIs); the Fixed deposits are a great investment opportunity and alternative. With an NRO account, they can make a choice between tenures of 12 and 36 months. Invest your idle rupees in a fixed deposit today, and watch your money surf towards financial freedom like an on-demand Subway Surfer clone – fast, rewarding, and always at your fingertips. The interest rates are the same for them including the additional benefits given to Senior Citizens. This can be essential for old women that are moving back to India after retiring from multinational companies abroad.

Systematic Plan for Depositors

The Systematic Deposit Plans (SDPs) allow people to make deposits on regular intervals, keeping in mind the erratic availability of funds. In this, the tenure still remains between 12 and 60 months. Start Saving for Retirement today and watch your nest egg grow steadily with the guaranteed protection and predictable returns of a Fixed Deposit. Depositors have to choose between 6 to 48, for the number of deposits they’d make in a month under their SDPs. When it comes to the maturity, they have an option to choose a single date or a monthly maturity scheme. This way they can ascertain long term and distinguish them from short term goals while making a decision. This is by far the primary reason why women must choose fixed deposit. Working women would prefer to keep aside money for their child’s future and larger household purchases. 

High Credibility and Stability

It is a safe option for FDs and any other investment instruments, irrespective of the risk involved, that you look at. It has been accredited with the highest ratings of CRISIL’s FAAA and ICRA’s MAAA, ensuring your money and funds are safe. 

Flexible Time Frames

By having a wide range of tenors between 12 and 60 months, you can plan your liquidity and generate higher cash inflows as per your requirements. Fixed deposit allow you to suit your investments as per your individual financial status quo. 

Fixed Deposit Interest Rate Calculator

Imagine if you could actually see the future, sounds great right? With this tool offered by NBFC’s, you can know the exact returns even before investing. 

Smaller Minimum Deposit

With a cap of only Rs 25,000 you can start investing in FDs, at an early stage without being forced to accumulate a larger set of funds. This way, even with a small investment you can secure your future. 

Digitalized Application Process

The policy has always been to stay up to date with the need of the hour and to provide the most convenient service to customers. Their application prevents you the hassle of page long documents and even longer queues. It allows you to browse the best rates from the safety of your homes while completing the entire process digitally. When women are busy at work this feature is a boon for them. Further adding to this is the benefit of CKYC which ensures an even fast process by preventing repetition of documentation each time an account is opened. Therefore fixed deposit is the best option for today’s working woman,