Invest in a Bajaj Finance FD from the Comfort of Your Home
Mumbai : A fixed deposit (FD) scheme is a low-risk investment instrument commonly offered by banks, Non-Banking Financial Companies (NBFCs), and post offices. The investment is an agreement between the depositor and the financial company, wherein the receiving entities agree to pay interest at a fixed rate higher than the rate for savings accounts, for a specified period.
Investing in FD is a lot more convenient with the online investment option available at Bajaj Finance Limited. Bajaj Finance online FD enables you to make your deposits from home, through a process that is entirely online. The online process saves your time and the hassle of a lengthy physical submission process. Bajaj Finance online FD also provides more lucrative interest rates when compared to the offline deposit rates. Any Indian national above 18 years of age is eligible to place a Bajaj Finance Fixed Deposit.
Here are the advantages and salient features of Bajaj Finance online FD, which make it a must-have in your investment portfolio.
• Attractive interest rate of up to 6.85% on FD:
For individuals below 60 years of age, Bajaj Finance Fixed Deposit provides assured returns up to 6.60%, while those investing online are eligible to get an additional 0.10%. Furthermore, Bajaj Finance Limited provides a 0.25% additional rate benefit for senior citizens – which offers returns up to 6.85%. For those looking to fund their recurring expenses, periodic payout options are also available.
• Fixed Deposit Calculator:
The capital invested in a fixed deposit scheme earns interest as per prevailing FD interest rates. Accumulation of interest over time helps you grow your savings. Bajaj Finance FD Calculator computes the interest on your investment in advance, so that you can determine deposits that best suit your investment plans.
• Highest Safety on Investment:
Bajaj Finance Fixed Deposit has the MAAA rating from ICRA and FAAA rating from CRISIL. These highest stability ratings ensure the credibility of Bajaj Finance Fixed Deposit. The company has over 2,35,000 unique FD customers with a deposit book of more than Rs. 22,000 crores, so your money is never at risk.
• Deposits starting Rs. 25,000:
Bajaj Finance Fixed Deposit only requires a minimum deposit amount of Rs. 25,000 that makes the investments easier. The minimum deposit amount enables investors to deposit without the need for a lump-sum. Even the smallest deposit can help you gradually increase your savings and earn better returns with your investments.
• Flexible Tenure:
When investing in a Bajaj Finance Fixed Deposit, you can choose a tenure from 12 to 60 months. It helps you select a duration that suits your investment plans. These investments can help you ladder your investments, so you can meet your financial needs easily.
Facility to select auto-renewal of your Bajaj Finance FD saves you the hassle of submitting a renewal form at maturity.
• Loans against FDs:
Bajaj Finance Limited provides you options to avail a loan against your FDs. It helps you avoid the loss of interest due to premature withdrawals. You can avail up to 75% of your capital investment as a loan.
• Systematic Deposit Plan:
Bajaj Finance Limited has introduced Systematic Deposit Plan (SDP) that enables customers to invest in small monthly deposits. Each deposit under SDP can have a maturity period from a minimum of 12 months to a maximum of 60 months and remains a separate FD. It is possible to invest in 6 to 48 deposits per month. The interest for each investment is as per the prevailing rate on the date of deposit.
Bajaj Finance Fixed Deposit ensures steady growth of capital and fixed returns despite market fluctuations and volatilities. One can easily make better savings at low risk by investing in Bajaj Finance Fixed Deposit!