Articles

Minimum Risk on Bajaj Finance Fixed Deposit Schemes

by Aman Khanna Finance

Fixed deposits are considered as one of the safest investment schemes which can help the depositor to grow his/her money by offering stability and safety of the principal amount. The investors can avail a lucrative amount of interest rate upon the FD they choose for a given period of time. As per the investor’s financial need, one can choose tenure between 12 months to 60 months. By investing in FD, one can take control of their investments, while ensuring greater flexibility, high returns, and stability. Bajaj Finance FD offers one of the highest interest rates in India along with high safety ratings. Apart from the attractive FD interest rate of up to 8.95%, Bajaj Finance also offers various other benefits such as flexible tenor and online account management facility.

Features and benefits of Bajaj Finance FD  

Bajaj Finance offers many exciting features and benefits to its customers on the fixed deposit investment plan. One can choose different tenure or the frequency of interest pay-out according to their needs. All the features and benefits offered by Bajaj Finance are as follows:

  • Bajaj finance fixed deposit provides an exciting interest rate of 8.60%, which can increase to 8.95% with a reliable interest flow that helps to plan and manage one’s expenses easily.
  • It offers a higher interest rate which is 0.35% high than that of regular interest rate on FD. It helps the senior citizens as they can benefit greatly from investing their savings into an FD and enjoy a higher rate of interest.
  • In Bajaj Finance, the minimum amount required to invest in fixed deposit is Rs. 25,000, which make it easy and affordable to the investors. One can invest in the minimum amount required, therefore, it made it easy for low credit investors to deposit their money.
  • Bajaj Finance Fixed Deposit offers high stability and credibility as it is rated high on safety and stability with ICRA’s MAAA (stable) rating and CRISIL’s FAAA (stable) rating. It ensures investments to never face a risk.
  • It assures a fixed return along with the principal amount deposited. As there are no market fluctuations that influence the investment plan, one can get assured return on their investments.
  • Bajaj finance offers flexible tenure as per the investor’s need. One can choose tenure between 12 to 60 months. It also offers 15 months special tenure FD which offers 0.05% more than the return of interest of a 12months FD.
  • With Bajaj Finance, one can easily invest in FD with an easy online application process, which is easy and time-saving.
  • It offers investors online access to their fixed deposit account so that they can keep track of their investment easily.

Fixed Deposit Interest Rate

In fixed deposit investment, one invests a principal amount at a Fixed Interest Rate, which accumulates and grows over time. Higher FD rate can enable one to gain higher maturity amount, that is why investors need to choose lenders offering the highest interest rate. Bajaj Finance offers one of the highest interest rates in India along with other safety value.

 

Tenure in Months

Minimum deposit

Cumulative

12-23 Months

25,000

8.00%

24-35 Months

8.15%

36-60 Months

8.60%

Special Tenure Scheme

15 Months

1,00,000

8.05%

 

For the non-cumulative interest rate of fixed deposit, Bajaj Finances’ offers are as follows:

Tenure in Months

Minimum deposit

Non-Cumulative

Monthly

Quarterly

Half-Yearly

Annual

12-23 Months

25,000

7.72%

7.77%

7.85%

8.00%

24-35 Months

7.88%

7.93%

8.00%

8.15%

36-60 Months

8.28%

8.34%

8.42%

8.60%

Special Tenure Scheme

15 Months

1,00,000

7.77%

7.82%

7.89%

8.05%

There are extra benefits provided to investors from Bajaj Finance. Those are as follows:

  • There is extra 0.35% on the regular rate of interest provided to the senior citizens.
  • Extra 0.25% interest rate on the regular rate is provided to Bajaj group employees, Bajaj Finance Ltd customers, and Bajaj Life Insurance’s existing policyholders.
  • For renewal of the account, an extra 0.10% over and above the interest rate at which the deposit is booked.

A conventional fixed deposit scheme is a profit-driven option to preserve one’s life long savings. It offers a uniform interest flow that could be a lot more reliable than other Investment Plans. Therefore, Bajaj Finance offers the above-mentioned facilities which make it risk-free and more profitable avenue to invest one’s savings. All these summons up that in Bajaj Finance one can avail minimum risk on their investment.   


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About Aman Khanna Innovator   Finance

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

Created on May 30th 2019 06:11. Viewed 578 times.

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