Invest In Your Father's Financial Health In Old Age With Bajaj Finance Fixed Deposit

by Aman Khanna Finance

Financial security is important not just in youth but also in old age. It is best to make your father aware of the financial scenarios since you are part of the younger generation who is more abreast with various new investment options available these days. Hence, you should help your father understand secure investment options to help him grow his retirement fund into a sizeable amount.

The fixed deposit has always proved to be a lucrative and safe investment option, especially for senior citizens. How about gifting your father a fixed deposit this Father's Day that will guarantee him a profit, good ROI along with ensuring the safety of his capital?

Why Bajaj Finance Fixed Deposit?

Choosing a fixed deposit as an investment option is not the end of it. You must wisely choose where to invest. If you are looking for where to invest, then Bajaj Finance is one of the best FD lenders. Bajaj Finance Fixed Deposit is not just safe and secure but also provides an extra dose of profit as well, to senior citizens.

Bajaj Finance has special FD schemes for senior citizens. Here are some additional reasons for you to choose Bajaj Finance Fixed Deposit as an investment option for your father’s financial well-being on old age.

  • Return on Investment- The return on investment (ROI) is the deciding factor which determines how much actual interest your father will earn. The higher the ROI, the higher will be your interest earnings. Choosing Bajaj Finance FD is a very smart decision because it offers a very high ROI of 54% for senior citizens. It is higher than many other banks and financial institutions.

Currently, it offers an interest rate of 8.6% and goes high for senior citizens, it gives an extra interest of 0.35%. This is why it is best-suited investment option for the senior citizens.

  • Tenor can be set to meet the financial goal(s)- Bajaj Finance FD offers you flexibility in choosing tenor. You can set the amount and the tenor of your FD as per your discretion. There is no compulsory scale. This is one reason which makes it so popular among other investment options for senior citizens. The tenor ranges from 12 months to 60 months. Depending upon your father’s need for travel, leisure, medical expenses, and daily expenses you can set the tenor.

If you’re willing to invest Rs. 7 lakhs for your father in Bajaj Finance FD, then choosing the maximum tenor limits will give the best results. You will receive the highest FD rate of interest of 8.95 % if you fix tenor at 60 months.


Interest rates

Principal Amount


Interest Earnings


New customer


₹7 lakhs

5 years



Existing customer


₹7 lakhs

5 years



Senior citizens


₹7 lakhs

5 years




  • Cumulative and non-cumulative interest payouts- With Bajaj Finance FD, you get both the options- cumulative as well as non-cumulative. If you want the interest amount on your FD to be released to you at the time of maturity (along with the principal amount), then choose the cumulative option. And if you want it to be released at different time periods, say monthly, quarterly, half-yearly or yearly then choose the non-cumulative option.


  • Credibility- Bajaj Finance FD is highly credible as it is certified with ICRA’s MAAA/stable rating and CRISIL’s FAAA/stable rating. This means your father's investment is immune to market volatilities, political, and other economic uncertainties.

Tax Benefits - Apart from the aforementioned benefits, one more perk of choosing Bajaj Finance FD is tax exemption. You’re not subject to income tax payment on the interest earned up to Rs 5,000 in a year.

About Aman Khanna Innovator   Finance

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Joined APSense since, March 16th, 2017, From Delhi, India.

Created on Jun 14th 2019 09:16. Viewed 114 times.


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