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Uncertainty is the root cause for all stress. Individuals face uncertainty when it comes to planning their children's future, health, financial emergencies, etc. Having a contingency plan in such situations alleviates some of the stress. Having a substantial secure amount at your disposal greatly helps during such unforeseen situations.Apart from uncertainties, increase in expenses and inflating prices have shed light on the need to have an emergency fund in place. There are multiple investment tools available to create an emergency fund. However, while choosing a plan one must prioritise safety and surety of returns. Hence, it is recommended to choose a financial tool that ranks lower on the risk parameter, when one is looking to create an emergency fund.is a low risk investment avenue where one can get guaranteed returns, as the amount one receives at maturity won't be dependent on the dynamic market movements.Investing in a Bajaj Finance online FD is a smart choice for creating an emergency fund. Here's why:Bajaj Finance offers some of the highest up to 6.50%. For non-senior citizens, the applicable interest rate is 6.50%, and an extra 0.10% is offered to those who choose to invest online. Senior citizens can avail an additional rate benefit of 0.25%, irrespective of the mode of investment.To understand how one can create an emergency fund with Bajaj Finance FD, consider investing Rs. 20,00,000 as principal amount. Given below is a tabular representation of returns at maturity.Thus, one is ensured of stable returns and substantial gains at maturity. This maturity amount can be used as a source of income to fund expenses till a normal cash flow is restored.This feature is especially useful in times of uncertainties, when one requires additional funds to meet certain requirements. Generally withdrawing the amount before the maturity period can lead to a fall in the interest rate. However, Bajaj Finance offers an alternative, where one can avail of a loan against their FD to meet the urgent financial requirements. 75% of the fixed deposit amount can be availed as a loan. No interest will get deducted on resorting to this alternative.With Bajaj Finance online FD, one can invest in just a few minutes using a hassle-free, paperless online process. With this online FD process, one can opt for contactless deposits and simple document retrieval from the convenience their own home. There is no need to wait in long queues, and as a senior citizen or non-senior citizen investing online, one can also receive a 0.25% and 0.10% additional rate benefit respectively. Investors can also calculate their returns before they choose to invest, by using the FD interest rate calculator available on the Bajaj Finserv website.Bajaj Finance is accredited with the highest safety ratings of FAAA/Stable by CRISIL and MAAA/Stable by ICRA. Higher safety ratings are an indication of timely payments and no defaults. With this, one can be rest assured that your principal amount and steady returns are in safe hands.Equipped with this information, investors can now consider investing in a to be prepared for unforeseen emergencies.This story is provided by NewsVoir.will not be responsible in any way for the content of this article. (ANI/NewsVoir)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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