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When you invest in a fixed deposit, you invest a specific amount for a fixed tenor in exchange for interest. Here, the return on your FD is not governed by market fluctuations and is assured as per the rate indicated by the financial institution at the time of making the investment.
Thus, FDs are ideal investments for senior citizens or conservative investors as they offer security. In most cases, lenders offer at least 0.35% higher interest for senior citizens as well. So, if you wish to invest in FDs offered by reputable issuers like Bajaj Finance, then apart from a high interest earning you will also get to enjoy an array of benefits. Bajaj Finance Fixed Deposits have a CRISIL rating of FAAA that makes them extremely safe and credible. In fact, Bajaj Finance is among the very few companies in the nation that offers an incredibly interest rate on your investment. As a regular investor, when you invest in a Bajaj Finance FD, you can enjoy interest of up to 8.75%. The same FD held by a senior citizen will fetch returns of up to 9.10%. Moreover, you can also earn additional interest when you renew your FD.
Even though investing in FDs is risk-free, you should familiarise yourself with the nitty-gritties pertaining to this investment in order to make an informed decision. So, clear any doubts you may have by taking a look at this list of FAQs.
Who can invest in FDs?
Anyone except NRIs, Persons of Indian Origin, foreign citizens, charitable trusts, and entities falling under the ambit of Section 11(5) of the Income Tax Act can invest in a Bajaj Finance FD.
What are the documents required for FD?
Opening an FD account with issuers like Bajaj Finance is easy and you will only have to submit a few documents to complete the process. This list includes:
- A passport sized photograph
- Copies of KYC documents like PAN card, passport, driving license, voter’s ID, NREGA job card, or a letter issued by National Population register that bears your name and address
- A duly filled application form
Can you add a nominee to your FD?
Yes, you can add a nominee to your FD at the time of investing. You can also change your nominee by submitting a form to your issuer.
What is the additional interest you can earn on renewing an FD?
This depends from one issuer to another. With Bajaj Finance, you can earn 0.25% extra interest on your fixed deposit of up to Rs.5 crore on renewal.
What are the interest payout options that you can choose from?
You can choose to gain periodic payouts to fund your regular expenses, or you can choose to get your interest at maturity. In case you opt for periodic payouts, you can also choose monthly, quarterly, half-yearly or annual payouts, as per your needs.
How Do You Receive Your Maturity Amount?
When you invest in Bajaj Finance Fixed Deposits, the maturity amount gets credited to your bank account, which can be transferred via NEFT or RTGS.
Does The FD Interest Attract TDS?
Yes, at present FD interest income from bank and post office deposits beyond Rs. 10,000 a year attract a TDS deduction. This is about to change when the Interim Budget is implemented. In accordance with this Budget, the TDS-free limit for a bank or post office FD is set to rise to Rs. 40,000 per year.
How Can You Calculate Your Maturity Amount?
Bajaj Finance Fixed Deposit Calculator can help you compute your maturity amount easily, even before you invest. All you need to do is, fill in a few basic details, and your maturity amount will be displayed.
Can You Access Your FD Account Details Online?
Yes. You can manage your fixed deposit online. For instance, if you have Bajaj Finance FDs, you simply log into the customer portal, Experia, to view details of your investment anytime, and from anywhere.
Can You Make a Premature Withdrawal?
Yes. You can make a premature withdrawal from your fixed deposit investment. However, in this case you may have to settle for a lower interest and/or pay a penalty, depending on the issuer’s terms.
Can You Avail a Loan Against FD?
Yes. You can avail a loan against a fixed deposit at a nominal interest rate especially when you invest with Bajaj Finance. Here, the interest rate for your loan will be 2% over and above the interest rate you’re earning through the FD.
Can You Claim Tax Benefits On Repayment Of a Loan Against FD?
No. In general parlance, you cannot claim tax benefits on repayment of this loan. However, if you use the funds to buy a house then you can claim tax exemptions applicable for home loan repayment. Likewise, if you use the funds to pay for your child’s education, you are eligible to claim tax exemptions that an education loan qualifies for. To put it simply, usage of the loan determines if you can claim tax benefits.
Now that you know the ins and outs of investing in FDs, you can invest without any hesitation and grow your money. You should also consider laddering your FDs to enjoy liquidity from time to time so that you can meet your short- and long-term goals with equal ease.
Fashion's biggest extravaganza, The Met Gala 2021, made a comeback with a vengeance after a skip in 2020 due to the pandemic. The theme for this year's gala was 'In America: A Lexicon of Fashion', and as usual in attendance were a long list of celebrities including actors, musicians and sportpersons. Many fashion houses and celebrities chose to dazzle with the dark side of fashion as capes, leather, face masks and all kinds of drama unfolded at the event, as black ruling the red carpet with its darker vibe.
Met Gala regulars like Jennifer Lopez, Rihanna, Sharon Stone, Emily Blunt, Irina Shayk, Gigi Hadid and the Kardashian-Jenner siblings were spotted alongside debutantes like 18-year-old British tennis star Emma Raducanu who recently won the US Open, Rose Leslie from 'The Game of Thrones', gymnast Nia Dennis and Justin and Hailey Beiber who walked the Me carpet together for the first time.
The event is hosted by Vogue's Dame Anna Wintour and is held annually at The Metropolitan Museum of Modern Art in New York City. Here's a look at some of the stars who chose to walk on the darker side:
The event is hosted by Vogue's Dame Anna Wintour and is held annually at The Metropolitan Museum of Modern Art in New York City. | IANS
Keywords: Jennifer Lopez, Rihanna, Sharon Stone, Emily Blunt, Irina Shayk, Gigi Hadid, the Kardashian-Jenner, Emma Raducanu, Met Gala
Many young and middle-aged people today are dying of sudden heart attacks. Studies show that cardiovascular diseases (CVD) strike Indians a decade earlier compared to their Western counterparts. Why is this happening? How can we prevent it? Are we just focused on post-heart attack action? Or should we be focused more on prevention?
Luke Coutinho, Holistic Lifestyle Coach -- Integrative and Lifestyle Medicine shares an input that could prevent heart attacks at a young age:
Cholesterol is not the culprit, inflammation is: Many people believe that high levels of cholesterol and triglycerides are the sole culprits behind their heart attacks. The main reasons behind most heart attacks are inflammation and oxidative damage in the heart, blood vessels, endothelial lining, arteries, and more. While maintaining healthy cholesterol levels is important, we cannot blame heart attacks on cholesterol levels alone. What then can you do to keep inflammation in check and your heart strong? Adopt simple lifestyle changes.
Many people believe that high levels of cholesterol and triglycerides are the sole culprits behind their heart attacks. | Flickr
Switch from ordinary substandard cooking oils to cold-pressed oils: Refined oils are highly inflammatory and a threat to your heart. Using refined oils just to save some money isn't a wise idea. Choose the right quality and quantity of oil to boost your heart health. It might cost you a few extra bucks, but remember, your health is not a cost but an investment.
Refined oils are highly inflammatory and a threat to your heart. Using refined oils just to save some money isn't a wise idea. | Photo by Ashwini Chaudhary on Unsplash
Switch from a sedentary lifestyle to an active one: Even if you don't engage in a full-fledged workout, just stay active. Walking and yoga are the most effective exercises. Choose fun workouts that you enjoy -- dancing, aerobics, Zumba, swimming, whatever it is, but keep that body moving. People who live a sedentary lifestyle are at high risk of heart attacks. Having said that, over-working out with little orno rest or recovery period is equally harmful. So, figure out the adequate level of activity your body needs and stick to it.
Even if you don't engage in a full-fledged workout, just stay active. Walking and yoga are the most effective exercises. | Photo by Peter Conlan on Unsplash
Don't take matters to your heart: Before renting out your heart space and mind space to a person, event or experience, ask yourself if it is worth it. While stress is inevitable, what sets a happy person apart from a stressed person is their capacity to diffuse and navigate stress and see things in a positive light. You can continue attending stress management classes and workshops, and while all of them can help you feel better for some time, the real change happens when you start changing your perspective towards life and how you relate to stress.Learn to accept and let go. Build your self-worth, create a beautiful inner world, reflect inwards, and allow these teachings to slip into your daily living.
Before renting out your heart space and mind space to a person, event or experience, ask yourself if it is worth it. |cPhoto by Tim Gouw on Unsplash
Fix your sleep routine: There is nothing cool about pulling an all-nighter to work or socialize more. Your body only cares about survival. Remember, your sleep is your heart's free drug. The chronic deprivation of it can increase your risk of a heart attack. Your heart is a muscle that needs recovery. Lack of sleep increases your insulin resistance and makes you more prone to type-2 diabetes and a gamut of metabolic conditions. So, adopt a fixed sleeping schedule and sleep deep.
There is nothing cool about pulling an all-nighter to work or socialize more. | Photo by Tetiana SHYSHKINA on Unsplash
We cannot wait for more misfortunate incidents to realize the importance of lifestyle and start prioritizing it. We must wake up and work towards prevention. Many of us may go through heart disease later in life, no matter how well we exercise or eat clean. So, identify risk factors and work towards tackling them. Even if one of your risk factors is genetic predisposition and there is nothing you can do about it, you can still alter your lifestyle. Our intelligent human body was designed to fix and heal itself. The least we can do is invest in it and help it do its job effectively. Lifestyle can help you bridge this gap.
(Article originally written by: N. Lothungbeni Humtsoe) (IANS/ MBI)
Keywords: lifestyle, heart, oil, stress, sleep, human, body, health, heart attack
When it comes to burgers, its not just the patty that makes it all worthwhile... one can't forget the cheese or the crunchy lettuce either. In India, McDonald's ensures their burgers use the freshest produce, which means that don't use any ordinary lettuce. The iceberg variety was first introduced in India by McDonald's, as early as the 90s, at a time when not many people were familiar with lettuce and used cabbage instead. Lettuce is a key ingredient known for its crunch, its odourless and is ideal for salads, sandwiches and burgers.
The fast food giant collaborated with local Indian suppliers and pioneered the local production of iceberg lettuce in the country. Their lettuce undergoes 30 quality and food safety checks. After harvesting, the lettuce is pre-cooled to a temperate of below 40C at the farm gate to maintain its freshness. It is then transported in refrigerated vehicles to the world-class processing plant where it is shredded to a measured length and width and then washed and cleaned thoroughly before being vacuum-packed.
The fast food giant collaborated with local Indian suppliers and pioneered the local production of iceberg lettuce in the country | Photo by amirali mirhashemian on Unsplash
Today, the lettuce that goes into your favourite burger is produced at a pristine height of 10,000 feet under the rain shadow areas of the Himalayas in the Manali and Lahaul districts. Over the last 15 years, the farm base that produces lettuce for McDonald's menu items has grown from 5 acres to more than 100 acres. The process for growing lettuce is very rigorous and thoroughly monitored starting with the selection of seed variety, nursery production, fertigation, integrated pest management and post-harvest technology. Over the years, the company has continued to engage with local suppliers in good agricultural practices, meeting the Gold Standards of food safety and hygiene. It has transferred global best practices in irrigation, pest control, seed selection benefitting nearly 250 small and marginal farmers across the country. These practices ensure the right conditions for the iceberg lettuce to grow.
With over 60 years of experience in developing the best quality standards for the industry to follow, it continues to build and strengthen the foundation of good food practices and knowledge transfer, while serving great-tasting menu items at a value to its customers. "At McDonald's, we are committed to offering great tasting food using high quality ingredients to our customers. To offer the best to our esteemed customers, we take extra care in ensuring that the highest levels of hygiene and food safety are maintained at every step of how our food is produced, where its ingredients are sourced from and how it is processed . We are committed to responsible sourcing and supporting farmers community growing lettuce for us." said Rajeev Ranjan, COO, McDonald's India , North and East.
(Article originally published on IANSlife) (IANS/ MBI)
Keywords: burger, india, lettuce, McDonalds, locals, North, East