The fixed deposit has been a trusted, go-to investment for the risk-averse investor, and the recent hike to the FD rates only make it more attractive. It is one of the few instruments that offers the benefit of a fixed income, and it is unaffected by market volatility. Considering this benefit, it may be wise to invest in a fixed deposit in the current market. Best of all, there is no dearth of choice as you can find many issuers that offer lucrative terms. One particularly notable instrument is the Bajaj Finance Fixed Deposit, as it has high FD rates and offers investors special tenor options for even greater returns. To know more about this fixed deposit and how you can leverage the special tenor provision favourably, read on.Opt for a lengthy tenor and optimise your investment based on your goalsTo make the most of your fixed deposit investment, you need to consider 3 things – the amount you invest, the tenor, and the pay-out option you select. A great way to ensure maximum returns is by investing a substantial amount in a cumulative FD for a long tenor. While issuers offer a non-cumulative pay-out option, the FD rates with this option are generally lower than those offered on a cumulative FD. So, choosing the cumulative FD is the best way to make the most interest compounding. The simple logic here is that the longer you keep your money invested, the more you earn on it. To give you a better idea, here’s a table with the estimated returns for customers below 60 years of age investing Rs. 3,00,000 in fixed deposit for various tenor options.Tenor (in months)FD rates in p.a.Interest earningsTotal earnings166.55%Rs. 26,482Rs. 3,26,482267.25%Rs. 49,126Rs. 3,49,126367.50%Rs. 72,689Rs. 3,72,689Disclaimer: These results are calculated using the Bajaj Finance FD CalculatorWith the Bajaj Finance Fixed Deposit, you can also opt for a special tenor. These have a higher interest rate, and earn better returns. The special tenor of the Bajaj Finance Fixed Deposit with their FD rates are as follows:Tenor (in months)FD rates (customers below 60 years of age)FD rates (senior citizen)156.70% p.a.6.95%186.80% p.a.7.05%227.05% p.a.7.30%307.35% p.a.7.60%337.35% p.a.7.60%447.60% p.a.7.85%Ladder your investments and opt for a special tenor to maximise returns Laddering your investments is a great way to utilise this feature. As a practice, it optimises investments and helps you get invested at various timelines to make the most of favourable FD rates. With the special tenor, this allows you to truly maximise earnings in a given window of time.Once the tenor is decided and you have the investment corpus finalised, divide that amount and invest in smaller FDs spread throughout the tenor. At this stage, try to align your maturity dates with a tenor option that offers you the best rate. To help you understand this, consider an investment of Rs.5 lakh in 2 FDs as a customer below 60 years of age. Here, FD 1 would have a tenor 20 months, and FD 2 would have a tenor of 40 months. The interest rates applicable would be 6.65% and 7.50% respectively.However, if you were to choose to ladder your investments with a special tenor, your earnings are much higher. Meaning, you would have to invest FD 1 for a tenor of 22 months and FD 2 for a tenor of 44 months, and the interest rates applicable would be 7.05% and 7.60% respectively. This difference has a huge impact on your earnings, and here is a table to compare. Earnings without a special tenorInvestment amountTenor (in months)Total earningsRs. 2,50,00020Rs. 2,77,883Rs. 2,50,00040Rs. 3,18,152Earnings with a special tenorInvestment amountTenor (in months)Total earningsRs. 2,50,00022Rs. 2,83,258Rs. 2,50,00044Rs.3,27,028Disclaimer: These results are calculated using the Bajaj Finance FD CalculatorBesides these features and perks, you get access to the Bajaj Finance FD calculator. This calculator is easy and convenient to use, giving you an estimate of your returns in just a few clicks. With an estimate at hand, you can smartly plan your investment to ensure that your required goals are met without any hassle. To get started right away, invest online and be sure to opt for a special tenor to maximise your returns and grow your wealth securely.