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Senior citizen planning to invest in safe financial instrument can earn higher return for smaller amount through Bajaj Finance Ltd's Fixed deposit. Bajaj Finance Ltd, India's leading non-bank, is offering an attractive interest rate 8.10 percent on fixed deposits to senior citizens.
In order to protect senior citizens from decline in interest rates, recently government had announced a fixed eight percent returns on 10 year bank deposits of up to Rs. 7.5 lakh. Following the same principal, Bajaj Finance Ltd is offering a higher rate of interest for senior citizens for an amount as low as Rs. 25000.
The Indian Fixed Deposits market is estimated to be Rs. Rs.110,00,000 crore of which the corporates FDs is approximately 50 percent. Bajaj Finance Ltd's FD CARG witnessed a growth of 137 percent in last three years.
FD asset under management stood at Rs. 5521 crore as on August 31 2017.
Customer can access a wide network of Bajaj Finance with a presence in 200+ cities to invest in this Fixed Deposit. Bajaj Finance's FD, awarded with rating from CRISIL, ICRA, CARE and India Ratings, are available in various tenors from 12 to 60 months according to the customer needs.
Key features of Bajaj Finance Ltd's FD
1. Stable Returns
A fixed deposit guarantees a fixed, pre-decided rate of interest on your investment, which is credited to your account at the end of the tenure.
2. Check your returns
While it's important to have safe investments but one should also know the returns that will be receive at the end of the tenure. Bajaj Finance Ltd., through its Fixed Deposit Calculator, assists the applicant to calculate the returns that will received at the end of the tenure.
3. No Approvals
Unlike high-risk investments that have to go through one or multiple rounds of approvals, fixed deposit don't need anybody to sign off.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)