Bajaj Finance offers the twin benefits of high FD rates and safety of deposits
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FD Interest: Fixed Deposit is a good financial investment tool, which remains unaffected by the ups and downs of the market, but can help you earn profitable returns over a long period of time. Fixed deposits offered by banks and post offices generally offer lower returns, but company FDs offer higher FD rates than their counterparts. Bajaj Finance Fixed Deposit is one such safe instrument that offers deposit protection along with adequate returns on deposits. Read on to know more about Bajaj Finance FD and how long you should invest in this instrument to get good returns.
Earn more with higher FD rates
Bajaj Finance FD offers one of the highest FD rates up to 8.10% p.a. This is a fixed rate till the maturity of the FD. Even if there is a sudden fall in the market, the interest rate does not change in between. It helps individuals to align their investments with their goals and achieve them easily. You can estimate your returns even before investing using the FD calculator.
For better understanding, here is a look at investments made by individuals over a tenure of 12-60 months.
1. Citizens below 60 years of age
2. Senior Citizen
As you can see, senior citizens get the benefit of an additional rate of up to 0.25% per annum. on their investment. Also, you can see how big the returns are over the long term. If you are looking to achieve long term financial goals, such as down payment of a house, it is advisable to invest for a period of more than 3 years. FD can also be used to meet short to medium term goals. If you want to save for foreign travel or student loan repayment, etc., investing for a short period is a good option, as it provides easy liquidity.
Highest security and reliability
Safety of deposits and timely returns are the key parameters when looking for a good investment avenue. Bajaj Finance FD is rated CRISIL AAA/STABLE and [ICRA]Got AAA(Stable) rating. With such a credit rating, you can be sure that your money is in good hands.
make small monthly deposits
Bajaj Finance offers an industry first monthly savings option, Systematic Deposit Plan (SDP). Instead of making a lumpsum deposit, investors can make small monthly contributions starting as low as Rs. 5000. These monthly deposits can be used as independent fixed deposits. SDP works like SIP, free from market risk and capital loss. There are two types of Systematic Deposit Plan, Single Maturity Scheme and Monthly Maturity Scheme. With Single Maturity Plan, you can earn a generous corpus on maturity and with Monthly Maturity Plan, you can get regular payouts.
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