Boost your Savings Invest with Bajaj Finance Fixed Deposit in India

Savings are important for all. You need savings to make large purchases, fulfill financial obligations, fund emergencies, meet financial goals, and leave a financial legacy. You can accumulate wealth only by growing your savings. Thus, you need to invest your savings. You can choose an investment avenue depending on your risk-return profile.

If you are risk-averse and yearn for stable returns, then Fixed Deposits (FDs) are the best investment options for you. FDs offer assured returns at a pre-determined interest rate for a certain investment duration.

However, with repo rates at a record low, bank FD interest rates have fallen. So, you should go for FDs issued by NBFCs, as they usually carry a higher interest rate. Bajaj Finance FD is one such FD that offers lucrative returns even during a low-interest regime.

Benefits of investing in Bajaj Finance FD

  1. Attractive returns 

Bajaj Finance offers high returns on FD investment. Currently, Bajaj Finance FD rate is 7% p.a. for investors aged below 60. You can get an additional 0.10% return by investing online. 

If you are a senior citizen, then Bajaj Finance FD is a better choice than a traditional senior citizen savings account.  Senior citizens will get lucrative returns up to 7.25% p.a. on FD investments. Savings accounts usually offer much lower interest rates.

You can check out the Bajaj Finance FD rate table here.

  1. Flexible investment tenor

Are you expecting interest rates to rise in the near term? Or do you wish to lock your funds for a long time at current interest rates? Whatever may be the case, Bajaj Finance FD is suitable for both short-term and long-term FD investors. Bajaj Finance allows you to open an FD for any duration between 12-60 months. 

  1. High Credit ratings

As an investor, your prime concern is the safety of your principal. With Bajaj Finance, you no longer have to worry about safety and credibility issues. Bajaj Finance has been consistently awarded high credit ratings by ICRA and CRISIL. Moreover, it is the only NBFC in India to enjoy a ‘BBB’ credit rating from S&P Global.

  1. Convenient application process

Bajaj Finance allows you to open an FD online. You just need to complete a simple form and upload soft copies of your PAN, identity proof, address proof, and bank account details. Eureka! Within 48 hours your application is verified and an FD is booked. Thus, the FD application process is quick, hassle-free, and paperless.

At some select locations, you can invest in Bajaj Finance FD with just a debit card in your pocket. Moreover, the minimum deposit requirement is just Rs 25,000, thereby making this FD affordable for all social classes.

  1. Other valuable features

Bajaj Finance offers a special deposit scheme for small investors. This is known as the Systematic Deposit Plan (SDP). You just need Rs 5000 per month to open an SDP. Each monthly deposit will have varying maturity dates and interest rates. SDP is ideal for interest rate risk management as prevailing market interest rates are applied to each monthly deposit. You can also build a lump sum corpus with SDP.

Bajaj Finance permits premature withdrawals too. However, to prevent interest losses, you can opt for the Loan-Against-Deposit (LAD) facility instead. You can borrow funds up to 75% of your FD value to meet your immediate liquidity needs.

If you wish to hold multiple FDs with varying maturity deposits and interest payout options, go for the Bajaj Finance multi-deposit scheme. This scheme enables you to open multiple deposits with a single form and cheque.

Thus, with such a wide range of benefits, Bajaj Finance FD is an ideal investment option to boost your savings in India.