Bajaj Finance Fixed Deposits: Earn Up To 8.75% Interest; Here’s How

by Aman Khanna Finance

A fixed deposit is considered to be one of the best financial instruments. It not only provides a high rate of interest on your investment but helps you grow your savings in the long run. Needless to say, it is one of the safest investment options that ensure high returns while offering stability and safety of the principal amount deposited.  

You’ll find Bajaj Finance Fixed Deposit schemes to be a good way to invest with high-interest rates in the market of up to 8.75% and higher for senior citizens. Bajaj Finance Fixed Deposits come with a list of features such as assured returns at flexible tenors, credibility, and facility to evaluate returns in advance with Fixed Deposit interest calculator.

Besides, Bajaj Finance Fixed Deposits also offer many other benefits which include the following:-

Lucrative Interest Rates - By investing in Bajaj Finance Fixed Deposit Scheme, you can earn an interest rate of 8.75%, which can go higher depending upon the tenor you choose. It is hard to find such lucrative interest rates in the market with other added advantages. By investing life savings in Bajaj Finance FD, senior citizens are eligible to get an additional rate of interest which is higher than the regular Fixed Deposit interest rate.

Flexible Tenors - With the option of flexible tenor, offered by Bajaj Finance, you can choose an investment period for as short as 12 months to as long as 60 months. Bajaj Finance also has a 15-month special tenure FD which offers 0.25% more than the ROI of a 12-month FD.

Assured Returns - With Bajaj Finance FDs, you get assured returns on the maturity without any influence of market fluctuations on the principal amount. Depending on the tenor of your investment, you gain interest rates as high as 8.75%.

Feasible Deposit Sum - You can invest with a minimum amount of INR 25,000 in Bajaj Finance Fixed Deposit and get returns with an interest rate of 8.75%. This means you don’t need to accumulate a huge sum for investments. Start investing with just INR 25,000 and expect to accumulate larger corpus over a period of time.

Ladder your investments - Laddering assures that your investment is spread across various period or maturities at regular tenors. If you ladder your money in different FDs rather than spending the lump sum amount in single FD for a long term, you can liquidate your amount at regular intervals and also safeguard your investment against inflation.

For instance, let’s suppose you have INR 5 lakh available for investment in FD. You can break this amount into 5 equal parts of INR 1 lakh each rather than investing the whole amount in one FD. You can choose to invest Rs 1 lakh for the next 4 years followed by another Rs 1 lakh for another 3 years, and so on in multiple schemes.  At the beginning of 5th year, the 1st-year deposit would have matured and can be reinvested at the current prevailing rate of interest, which could be higher than the previous rate.

Get an extra 0.25% on renewals - On renewal of your Bajaj Finance FD, you get 0.25% increased interest rate over and above the rates you were getting on your first Bajaj Finance FD. Existing Bajaj Finserv loan or Bajaj Finance FD customers can enjoy FD interest rates as high as 9% on cumulative and non-cumulative fixed deposits.

Periodic interest payouts- You can get interest payouts monthly, quarterly, or yearly with non-cumulative FDs. However, you can always choose to build large corpus with cumulative FDs.

Tax saving FDs - Under Section 80C of the Income Tax Act, tax deduction can be claimed up to Rs 1.5 lakhs in tax-saving fixed deposits (FD). The deposit is locked-in for a period of 5 years in such FDs.

And here are some additional features of Bajaj finance Fixed Deposits which make it the top choice of investors:

  • Save time with online application process - Easy online application process for opening FD account with Bajaj Finance saves time and effort. The lengthy documentation process is cut short here as you don’t have to wait in queues for opening a simple fixed deposit account.

  • Doorstep document pick-up - Considering the needs of senior citizens’, Bajaj Finance offers doorstep document pick-up. A representative will take care of your application processing and delivery services at your doorstep.

  • Safety – With Bajaj Finance FD, your investments do not get affected by market fluctuations, and you get assured gains on your investment. It is rated ICRA’s MAAA (stable) and CRISIL’s FAAA/stable.

  • Loan against FD - Bajaj Finance provides loan on FD at a nominal interest rate. You can even partially withdraw your FD in times of need without touching the actual principal amount.

  • 200+ branches across India - It is easy and accessible to open Bajaj Finance Fixed Deposit with its branches in over 200 cities across India.

Online access to your Bajaj Finance FD account makes it easy to keep track of your investment, maturity, interest rates etc. Bajaj Finance FDs are the most lucrative, accessible, easy and simple investment avenue. With such competitive interest rates, Bajaj Finance FDs are an ideal way to accumulate large corpus by the end of each tenor.

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About Aman Khanna Innovator   Finance

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

Created on Jan 29th 2019 07:10. Viewed 451 times.


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