Business Standard

10 benefits of Investing in Bajaj Finance Fixed Deposit


Fixed deposit (FD) is one of the most popular investment avenues that guarantee assured returns on investment. As compared to other investment options, the interest rates applicable on fixed deposits are reasonable too.
This is why most people choose to invest their hard-earned money in fixed deposits over other investment options.
Bajaj Finance Ltd the lending arm of Bajaj Finserv offers Fixed deposit with the highest interest of up to 9.10 per cent with flexible tenors ranging from 12 to 60 months. Bajaj Finance Fixed Deposit is one option that offers higher than market average returns on your investment with additional interest for senior citizens, along with other benefits.
10 benefits of Bajaj Finance Fixed Deposits
Safe investment option: The prime reason of investing in Bajaj Finance Fixed Deposit is that it is one of the safest investment as the returned are assured and not based on the market fluctuation.
High stability and credibility: Bajaj Finance Fixed Deposit is also accredited with the highest safety rating of ICRA's MAAA (stable) rating and Crisil's FAAA/AA rating.
Minimum Deposit: The minimum deposit required to invest in a Bajaj Finance Fixed Deposit is Rs. 25,000, which makes it easier to invest.
Interest rate up to 9.10 per cent: Bajaj Finance Fixed Deposit offers an interest rate of 8.75 per cent, which can go up to 9.10 per cent
Flexible Tenor: Bajaj Finance offers you an advantage of choosing from the flexible tenor of 12 to 60 months. You can go with the tenor that best meets your financial requirements.
Flexible Interest Rate Payouts: Bajaj Finance Fixed Deposit offers cumulative deposits and non-cumulative deposits with yearly payouts option. An investor can choose to get the full interest earned at maturity by choosing a cumulative FD or choose to get regular payouts at intervals of every month, quarter, half-year or year by choosing a non-cumulative FD.
Higher interest rate to senior citizen: Senior citizens get an interest rate that is 0.35 per cent and above the existing interest rate. Renewal Benefits: Bajaj Finance Fixed deposit offers renewal benefits in the form of an additional 0.25 per cent of interest.
Online application process: To start investing, individual can fill in the online application on the company's website. Once the form is submitted, Bajaj Finance representative will get in touch for all the documentation. An investor needs to submit the application form, a photograph and KYC documents. Auto Renewal option: Bajaj Finance Fixed Deposit offers auto-renewal wherein we will automatically renew your deposits for the same period of time and the same interest rate on maturity.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Mar 28 2019 | 9:55 PM IST

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