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How can you Get 54% Return on 5 Lakh Investment in 5 Years?


With limited visibility on debt in 2019 and uncertainty in other asset classes, multiple formerly-considered smart investment options are proving to fall vulnerable. It holds true for high return yielding investment scopes like equity investments. Owing to such financial vulnerability, investments in the fixed deposits are proving to be more profitable than ever with its low to no risk.

As a support to the increased popularity of this investment, multiple financing companies now offer deposits that render higher returns on the corpus.

How can you Get 54- Return on 5 Lakh Investment in 5 Years

For those seeking to earn guaranteed returns on their savings minus market linked risks, fixed deposits may be the most suitable financial tool or option. In this respect, reputed financers like Bajaj Finance offer their fixed deposits that fetch maximum maturity amount.

Based on the customer type, such smart investment options can help individuals generate up to more than 1.5 times their invested corpus.

Explaining FD returns

In case an individual invests Rs. 5 Lakh for a tenor of 5 years or 60 months

The maturity amount can reach up to –

  • Rs. 7,58,783 with an interest payout of Rs. 2,58,783 at an interest rate of 8.7% (senior citizens.)
  • Rs. 7,50,098 with an interest payout of Rs. 2,50,098 at a rate of interest of 8.45% (existing customers.)
  • Rs. 7,46,646 with an interest payout of Rs. 2,46,646 at a rate of interest of 8.35% (new customers.)

Therefore, in case individuals are looking to invest a substantial amount of Rs. 5 Lakh as a corpus and render the most returns at low to no risks, fixed deposit is the preferred option.

Why should you prefer fixed deposits for investment?

Guaranteed returns are the primary highlight of this investment option. For those looking to strengthen their finances, Fixed Deposits such as the Bajaj Finance FD offers returns which are risk-free and guaranteed for borrowers.

These term deposits are claimed to offer an experience of hassle-free and profitable investing at its simplest. Additionally, they also come with multiple certifications as proof of its corpus-stability. Considering the benefits that individuals can draw from these deposits, the financial institutions offer ease to access such investment options via its –

Nominal eligibility criteria

The minimum investment option to open an FD account has been settled at Rs. 25,000. Applicants need to fulfil the following eligibility criteria to invest for higher returns on their fixed deposit where he/she must be –

  • An Indian citizen.
  • From a Hindu Undivided Family.
  • In possession of partnership firms, sole proprietorships, and enterprises that are inclusive of group companies as well.
  • From family trusts.
  • Associated with societies, clubs or associations.

Minimum documentation

Individuals applying for Bajaj Finance FD must keep these following documents handy –

Case 1: For existing clients

  • Latest photograph.
  • KYC documents.

Case 2: For partnership firms

  • PAN.
  • ID proofs.
  • KYC documents of the firm.
  • Registration certificate.
  • List of authorised signatories.

Case 3: For Statutory board/local authority

  • KYC.
  • PAN.
  • Self-certification on their letterhead.
  • List of authorised signatories.

Case 4: For Registered societies

  • True copies of the society rules and by-laws.
  • KYC documents.
  • Committee resolution for people authorised to act as authorised signatories.
  • PAN.
  • List of members of the managing committee.
  • A copy of the registration certificate.

Case 5: For Public or private limited company

  • ID proof of authorised signatories.
  • PAN.
  • Articles and memorandum of association.
  • Board resolution to open the FD account.
  • KYC.
  • Certificate of incorporation.

Case 6: For Hindu Undivided Family

  • Bank account statement in the name of HUF.
  • KYC documents.
  • Self-attested PAN card.
  • Deed of declaration.

Streamlined application procedure

Applicants can apply for the fixed deposits by following these simple steps –

Step 1: Fill in the online application form of this term deposit via NEFT/cheque.

Step 2: Gain access to your filled-out form by selecting the ‘Save as PDF’ option and submit them with the representative from the financer.

Step 3: Sign the printed application form and affix your photograph on it. Keep your KYC documents handy.

Make sure to submit the paperwork along with a CTS compliant cheque to the representative to book your FD.

Along with provisions to increase the ease of access to a term deposit, you can also calculate your maturity amount using an FD calculator. It helps you initiate a smart investment option to help you generate the risk-free, guaranteed and substantial returns.


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