Invest in Bajaj Finance Fixed Deposit for Guaranteed FD Returns up to 7.85%

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Press Trust of India PUNE
Last Updated : May 22 2020 | 9:49 AM IST

/ -- Recent insights from the RBI, AMFI, and Mint research show that as stocks have fallen into freefall, investors have put on their safety jackets. Comparing data of February-April 2019 with data of this year for the same period reveals that the inflow into term deposits have increased and so have the outflows from liquid/money market funds and other debt funds. With the present-day crisis casting a shroud over the economy, the offer of assured returns with online fixed deposit is extremely attractive.

Guaranteed returns with Fixed Deposit
However, the government has reduced repo rates, which have impacted savings accounts and FD rates in India. Additionally, even rates for small saving scheme rates have been cut for the April-June 2020 quarter. The table below shows the latest interest rates:
Savings Scheme
Previous Rate
Present Rate
Public Provident Fund
7.9%
7.1%
National Savings Scheme
7.9%
6.8%
Senior Citizen Savings Scheme
8.6%
7.4%
About Bajaj Finance Limited

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First Published: May 22 2020 | 9:49 AM IST

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