Bajaj Finance NRI Fixed Deposit investment to boost your wealth
New Delhi : When it comes to growing your wealth, the best financial decision you can make is to invest a portion of your income regularly. This applies to you if you’re an NRIs as well, as you can enjoy exclusive benefits depending on the investment option you choose. Typically, you should look to park your surplus cash in multiple instruments, based on their yield. If you’re a risk-averse investor, you’ve got reason for cheer as you can opt for a fixed deposit for NRIs and enjoy generous returns without compromising on investment security.
Start by scouting for an issuer that offers substantial returns while adding value to your investment experience. Among the best in the market is the Bajaj Finance NRI Fixed Deposit as it allows you to earn guaranteed returns and has other impressive features too. Here, you can obtain interest of up to 8.95% as a senior investor and up to 8.60% as regular investor when you take an FD of at least 36 months, with interest payable at maturity.
To understand how you can use this offering to your benefit, read on.
Plan and contribute to your retirement fund
Having a happy, stress-free retirement is dependent on your financial stability and preparedness. To achieve this, it is best to set aside a small percentage of your monthly income throughout your career and invest it in a long-term fixed deposit. This way, it will grow steadily over the years. Thanks to power of compounding interest, you will earn inflation-adjusted returns and have a sizable fund when you retire.
To understand the concept better, assume that you invest Rs. 5 lakh for 2 terms of 3 years each. As a new investor, you get 8.60% interest, and you profit from a 0.10% interest rate boost on renewal. This brings your earnings to 8.70% during the second term.
| Investment amount (in Rs.) | Tenor (in years) | Interest rate (in %) | Interest payout (in Rs.) | Maturity amount (in Rs.) |
| 5,00,000 | 3 | 8.60 | 1,40,412 | 6,40,412 |
| 6,40,412 | 3 | 8.60 + 0.10 = 8.70 | 1,82,111 | 8,22,523 |
Considering the above example, investing in an FD for just 6 years allows you to grow your initial deposit significantly!
Fund your holiday to India
Making a trip back home is an exciting, yet an expensive endeavour. To tackle travel costs without compromising on the quality of your annual or semi-annual trips to India, you can invest in an NRI FD pre-emptively. As a new Bajaj Finance regular or senior investor, here are the returns you can earn when you invest varying amounts for a tenor of 3 years each.
Regular investor
| Investment amount (in Rs.) | Tenor (in years) | Interest rate (in %) | Interest payout (in Rs.) | Maturity amount (in Rs.) |
| 1,00,000 | 3 | 8.60 | 28,082 | 1,28,082 |
| 2,00,000 | 3 | 8.60 | 56,165 | 2,56,165 |
| 3,00,000 | 3 | 8.60 | 1,40,412 | 6,40,412 |
Senior investor
| Investment amount (in Rs.) | Tenor (in years) | Interest rate (in %) | Interest payout (in Rs.) | Maturity amount (in Rs.) |
| 1,00,000 | 3 | 8.95 | 29,325 | 1,29,325 |
| 2,00,000 | 3 | 8.95 | 58,650 | 2,58,650 |
| 5,00,000 | 3 | 8.95 | 1,46,624 | 6,46,624 |
As you’ll notice, the maturity proceeds alone can fund a comfortable stay for your entire family, making this approach the most efficient way to plan a holiday.
Facilitate a big-ticket purchase comfortably
Whether you’re looking to buy a car in India or make the down payment for an apartment, investing your money in this high-yielding FD is a smart decision. This is because you can reinvest maturity proceeds and enjoy enhanced returns courtesy of better FD interest rates. With a little planning, you can use accelerated returns to your advantage to make big-ticket purchases without compromising on other fronts.
Besides these scenarios, you can also use the FD to simply grow your wealth or build a rainy-day fund. Additionally, investing in a Bajaj Finance NRI FD also gives you access to a range of unique features that offer incredible financial flexibility. Take a look at what they are.
Auto-renewal feature facilitates easy reinvestment
The auto-renewal feature is one you can opt for at the time of investment. This allows you to automatically reinvest your maturity proceeds without submitting a fresh application or additional paperwork. As an NRI investor, this greatly reduces the effort on your part as you don’t have to complete tedious processes when you’re overseas.
Multi-deposit feature facilitates laddering of FDs
The multi-deposit facility is a handy feature that allows you to ladder investments easily, as you can invest in several FDs of varying tenors, amounts and payout frequencies through a single cheque. Moreover, if have to prematurely withdraw an FD, you can do so from a single deposit and allow others to flourish undisturbed. This way you can maximise your gains and enjoy liquidity too.
High ratings indicate safe corpus and timely returns
Bajaj Finance caters to over 1.4 lakh fixed deposit customers and a contributing factor for this patronage is the instrument’s security rating. It has both ICRA (MAAA) and CRISIL (FAAA) stability ratings and is the only Indian NBFC that has been awarded an international rating of ‘-BBB’ by S&P Global. These ratings indicate that your money is in good hands and that you can safely invest in the deposit programme while you’re overseas.
Best of all, the minimum deposit amount is a nominal Rs.25,000, so you can start your investment journey today. All you have to do is fill up the online application form and await a call from a representative to book an FD.
