Bajaj Finance FD offers guaranteed returns up to 8.05%
As the RBI reduced the repo rate to 4.4%, investors have been worrying about the returns they get from their deposits. Reduced repo rates could mean reduction in Fixed Deposit interest rates too, which is not a great news amidst increasing market volatilities. In times where market volatilities make it tough for you to project your gains, protecting your capital becomes paramount and allocating a greater portion of your finances to an FD brings in more stability to your portfolio.
In this situation, it makes sense to invest in a Fixed Deposit and lock in to the high interest rates before they come down. Bajaj Finance Fixed Deposit comes across as a great investment option during these times. With more than 2.22 lakh happy FD customers contributing towards a deposit book of Rs. 20,607 crores, Bajaj Finance is one of the most trusted FD issuers.
What’s more – you can grow your savings with interest rates up to 7.80% for new customers, and existing customers can benefit from an additional 0.10% higher interest rate. This means you can lock into an interest rate of up to 7.90% or up to 8.05% if you’re a senior citizen. As an existing customer, you can also choose to invest online to start earning in an instant, without having to leave the comfort of your home.
Read on to know how Bajaj Finance FD helps you get assured and attractive returns.
Highest credibility and stability ratings
Even as leading credit rating agencies continue to revise and downgrade ratings for several banks and financial companies, Bajaj Finance Fixed Deposit continues to carry the highest credibility ratings of FAAA by CRISIL and MAAA by ICRA. These are the highest in their respective categories, which indicates no delays or defaults on your deposits.
Additionally, Bajaj Finance Limited is the only company to have ‘0 unclaimed deposits’, which indicates that your money is in safe hands, and you can be assured of guaranteed returns on your investment. Further, when it comes to wealth generation, it is well worth investing in a long-tenor deposit and this FD allows you to do that safely as it offers a secure environment.
Lucrative rate of interest of up to 8.05%
Based on your customer type, you enjoy a competitive rate of interest on your FD investment by making a minimum deposit of Rs.25,000. As a new customer, you can get an interest rate of up to 7.80%, which further increases to 7.90% for existing customers. Additionally, senior citizens get to avail 0.25% higher interest rates, that go up to 8.05%.
Consider the table below to see how your wealth grows in a Bajaj Finance FD when you deposit an amount of Rs. 10 lakh for 5 years.
The above results were generated using FD calculator.
Regardless of the customer type, with a Bajaj Finance FD, you can grow your wealth by over 45% in 5 years.
Timely liquidity with flexible investment options
The offer of guaranteed returns is good; however, the offer is even better if you can perfectly align your maturity proceeds to your goals. Bajaj Finance lets you build your corpus as per your convenience, according to your needs for liquidity. You can choose to invest for 12 to 60 months, as per your investment goals and convenience.
Auto-renewal for richer yields
Via the Auto-Renewal feature, you can re-invest easily without the need of any manual effort. What’s more, you get access to FD renewal bonuses, which at present is an additional 0.10% on the base interest rate. So, as you look forward to guaranteed returns, with this facility, you can plan for enhanced earnings, courtesy of an interest rate boost and the power of compound interest.
Monthly deposits to build wealth easily
Through the Systematic Deposit Plan offered by Bajaj Finance, you can make monthly contributions starting with just Rs. 5,000 per month and earn interest on them. Here, each monthly deposit counts as a new FD, booked at the FD rate prevailing on the date of deposit, where you can choose tenors between 12 and 60 months. You can make 6 to 48 monthly deposits. By avoiding the initial lump sum payment, you can work towards a corpus reliably, without disturbing your budget and get monthly returns on your deposit.
As the salary day approaches, it may be a good time to invest in a Bajaj Finance FD to get guaranteed returns up to 8.05%, especially before FD interest rates come down due to the reduced repo rates.
Disclaimer: This content is distributed by Bajaj Finserv. No HT Group journalist is involved in the creation of this content.