Bajaj Finance Fixed Deposit: Fixed deposit is a method of investing in which you deposit money in a financial institution for a fixed period of time. In return, you get guaranteed income at an interest rate that remains constant throughout the investment tenure. On completion of the investment tenure, you get the deposited amount along with the interest accrued on it.
Bajaj Finance Fixed Deposit: In today’s time, it cannot be said when the economic situation will change. Therefore, it is very important to find safe and reliable ways to increase your savings.
Bajaj Finance Fixed Deposit: Fixed Deposits (FDs) are also one such instrument, which meets every test for people who want stability as well as growth in their investment. Among these, Bajaj Finance Fixed Deposit stands out, which has earned its name for its excellent combination of convenience, security and excellent returns.
What is Fixed Deposit (FD)?
Fixed deposit is a method of investment in which you deposit money in a financial institution for a fixed period of time.
In return, you get guaranteed income at an interest rate that remains constant throughout the investment tenure. Upon completion of the investment tenure, you get back the deposited amount along with the interest accrued on it.
Introducing Bajaj Finance Digital FD
Bajaj Finance has recently launched a new type of FD called ‘Digital FD’, for which a tenure of 42 months has been fixed. Some of the unique benefits of this FD are as follows:
Completely online process: The entire process from opening an FD to managing it can be done digitally through the Bajaj Finserv website or app.
Better interest rates: Digital FD offers one of the highest interest rates up to 8.85% per annum .
Why choose Bajaj Finance Fixed Deposit?
- Safety & Security : Bajaj Finance FD has a top-notch AAA rating from agencies like CRISIL and ICRA. This means that your investment is completely safe.
- Attractive Returns : Earn higher returns with better interest rates from Bajaj Finance. Bajaj Finance offers interest rates up to 8.85% per annum for senior citizens and up to 8.60% per annum for customers below 60 years of age. This is usually much more than what you would normally get from a savings account.
- Convenience : Bajaj Finance gives you the option of fixed deposits for tenures ranging from 12 to 60 months as per your convenience. Whether you are looking to make short-term profits, or plan for long-term financial goals, Bajaj Finance offers different investment time frames that suit a variety of financial plans. Can be compatible.
- Flexible investment options : Now book, manage and track your fixed deposits from anywhere through the Bajaj Finserv website or app.
- Additional benefits for senior citizens: Senior citizens can avail additional rate of up to 0.25% (over the base rate) on normal FD. How fixed deposits help your financial planning
- Helpful in creating emergency fund : FDs are the safest means of depositing a part of savings which can be used in times of trouble. Choose a shorter tenure option for FD and understand the premature withdrawal charges to get the money when you need it.
- Saving for short-term goals : Accomplish goals like going on a holiday or down-payment faster by steadily growing your savings with FDs.
- Long-term financial planning : FDs play a very important role in retirement planning, which protects a portion of your savings and increases it with guarantee.
- Regular income options: Some financial institutions offer the option of getting periodic payments (monthly, quarterly, half yearly or annually) on their FD, which acts as a regular source of income and is especially suitable for retirees. Very useful for people.
Conclusion
Bajaj Finance Fixed Deposit offers investors a smart balance of security, great returns and convenient features. Their focus is on the safety of your deposits along with better interest rates and easy online options, making them the best option for investors looking to grow consistently.
Also Read-
SBI Fixed Deposit Scheme: SBI’s 2 fixed deposit schemes with bumper returns are going to be closed, invest immediately
Best Fixed Deposit Rate: From SBI to Kotak Mahindra Bank, see the best FD rates of 13 banks
Fixed Deposits: Where will you get more benefits by investing money in SBI or BoB? clear up confusion
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