Make your money work efficiently with a Bajaj Finance FD
To provide ease of investment, Bajaj Finance allows you to invest online and start an FD from the comfort of your home or workplace.Updated: Aug 29, 2019 15:40 IST
Investors seeking stable growth of their capital can invest in fixed deposit, to get guaranteed returns. However, the quantum of returns that you earn from an FD depends on its interest rate and the issuer. Thus, it is important to look for credible issuers who offer high interest rates. With Bajaj Finance, you can earn some of the highest Fixed Deposit interest rates in the country that accelerate your returns.
Opening a Fixed Deposit with Bajaj Finance is also simple. To provide ease of investment, Bajaj Finance allows you to invest online and start an FD from the comfort of your home or workplace. So, you can book an FD immediately and absolutely hassle-free with end-to-end transaction being online and completely paperless. What’s more, existing customers do not need to submit any documents either, which makes building your wealth via an FD easy and fast!
Apart from this provision of starting an FD investment online, here are the other standout benefits the Bajaj Finance FD offers.
Grow your principal by 51%
Based on your profile as an investor and the tenure you choose, Bajaj Finance offers different interest rates of up to 8.95%. These high FD interest rates yield returns of over 51% of your principal. Take a look at a few examples to understand your earning potential.
High stability ratings to safeguard your investment
Bajaj Finance Fixed Deposits carry the highest credit ratings of FAAA and MAAA by CRISIL and ICRA, respectively. This rating indicates the safety of your investment, which means you will get timely payouts at the promised interest rate. Further, Bajaj Finance is the only NBFC in India to enjoy an international rating of ‘-BBB’ by S&P Global. These high ratings indicate that FDs are a safe investment option, regardless of market volatilities or economic policy changes.
Flexible tenure to ladder your fixed deposits
Since the funds in your fixed deposit are locked in throughout the tenure, it is important to plan your investment beforehand. The best way to do this is to ladder your FDs over varying tenors and align them with your goals. This way, you will have the liquidity required to meet various goals from time to time. For this purpose, Bajaj Finance offers flexible tenures ranging from 12 to 60 months. To plan your finances better, ladder your FDs using the FD calculator.
What’s more, now you can invest in multiple FDs using a single cheque via the multi-deposit facility offered by Bajaj Finance. You can opt for different parameters like investment, tenure, and interest payout frequency for each fixed deposit that you wish to open. This way, you can avoid the hassles of writing different cheques. What’s more, in case of an emergency, you can liquidate a single fixed deposit instead of breaking all your investments!
Online loan against FD to avail instant emergency funds
Emergencies come unannounced and can disrupt your finances. At such times, it is natural to think of breaking your fixed deposit to meet your requirements. However, doing this will take away your potential FD earnings. To help you safeguard your returns, Bajaj Finance offers an online loan against FD of up to INR 4 lakh. This way, you can access funds without breaking your investments, while still earning returns on the same.
Auto renewal option to reinvest seamlessly
Bajaj Finance also offers an auto renewal option that you can choose at the time of investing in your FD. Once you select this option, your FD will be automatically renewed on maturity. The best part about this is that you don’t have to endure the hassle of submitting a new application each time you wish to renew your FD. Moreover, you can enjoy an additional interest rate of 0.10% on FD renewal, which adds to your returns!
Now, Bajaj Finance is also offering NRI Fixed Deposits, wherein NRIs can invest to grow their savings. You can consider investing in a Bajaj Finance FD to make your savings grow, with a simple online process. Book your FD today, and grow your corpus easily.
Disclaimer: This content is distributed by Bajaj Finserv. No HT Group journalist is involved in the creation of this content.