Pune (Maharashtra) [India], December 3 (ANI / NewsView): Bajaj Finance increased the interest rate offered on term deposits, and we can now earn up to 7.05%.
The FD interest rate has been increased by 30 basis points for all categories of investors and tenors, resulting in faster growth in its investment. The interest rate hike is applicable on all deposits made from December 1, 2021. Take a look at all the features offered by a fixed deposit investment from Bajaj Finance.
Increasing FD Rates: In recent years, term deposits have been viewed as a relatively slow investment instrument. However, this is not the case with fixed deposits from Bajaj Finance. With an FD rate of up to 7.05%, Bajaj Finance promises a higher return than most other banks. Customers under 60 can earn 6.40% for a term of 24-35 months and 6.80% if they choose a term of 36-60 months. For a similar tenor, the elderly can earn up to 6.65% and 7.05%, respectively. Study the table below to find out how much Rs. 5 lakh investment can earn on various tenors.
Invest safely: While other forms of investing promise better returns, they come with a serious caveat to market fluctuations. A fixed deposit, however, is a considerably safe mode of investment. In addition, Bajaj Finance also displays a high security rating with FAAA and MAAA certifications by CRISIL and ICRA, respectively.
100% online process: Bajaj Finance Online FD offers an end-to-end online application process. The 5-step process takes less than 10 minutes and can be done on a laptop, cellphone, or tablet. While existing customers only need to verify their contact details, new customers can save a lot of time with the online KYC process. Subsequently, payments can also be made via net banking or UPI.
Periodic payments: Bajaj Finance allows you to opt for regular payments of accrued interest. Investors can choose from four payment options: monthly, quarterly, semi-annually or annually. Seniors who need funds periodically benefit from this feature.
Periodic Savings: Bajaj Finance also offers a Systematic Deposit Plan (SDP) for those who prefer to save small amounts periodically to achieve larger financial goals. Bajaj Finance also offers a Systematic Deposit Plan (SDP). Unlike a regular fixed deposit where one has to invest a lump sum, a SDP gives the freedom to make stable monthly savings. Clients can invest a minimum amount of Rs. 5,000 each month for 6 to 48 months.
Bajaj Finance Limited, the loan company of the Bajaj Finserv Group, is one of the most diverse NBFCs in the Indian market, serving more than 44 million customers across the country.
Based in Pune, the company’s product offering includes sustainable consumer loans, lifestyle finance, digital product finance, personal loans, home equity loans, small business loans, home loans, credit cards, two and three wheel loans, commercial / SME loans Loans, securities loans and rural finance which includes gold loans and vehicle refinancing loans as well as fixed deposits. Bajaj Finance Limited is proud to hold the highest FAAA / Stable credit rating for any NBFC in the country today.
For more information, please visit www.bajajfinserv.in
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