Why should you invest in Bajaj Finance FD in 2020?Updated: Dec 29, 2019 09:08 IST
A fixed deposit is a tried-and-tested instrument that you can use to grow your funds in a risk-free manner. The fact that it offers assured returns without the need of constant monitoring makes FD the preferred choice for many. Although investing in an FD is easy, doing so with the right issuer ensures that you get the most out of your investment. Amongst the list of reputed financial institutions is Bajaj Finance Fixed Deposit, which stands out as one of the safest in the market, owing to the safety ratings it carries.
Bajaj Finance is the only NBFC in India to hold a long-term issuer credit rating of ‘BBB-’ and short-term issuer credit rating of ‘A-3’ by S&P Global Ratings. Moreover, the deposit carries FAAA and MAAA stability ratings from CRISIL and ICRA respectively. Ratings such as these ensure that you as an investor do not have to worry about which turn the market takes in 2020.
Apart from safety, Bajaj Finance offers a range of features that promise to make your portfolio shine in the New Year. Read on to know what makes the Bajaj Finance FD a preferred option for 2020.
Earn more, with lowest risk
Apart from enjoying guaranteed returns at maturity, you also benefit from proceeds obtained at market-leading FD interest rates. Your yields here, peak for FDs taken for 36 months or more and with payouts at maturity only. New customers get a rate of up to 8.10%. Existing and senior citizen customers benefit from a 0.10% and 0.25% hike respectively and earn at rates ranging up to 8.20% and 8.35%. Courtesy of stability and generous yields, the FD witnessed a YoY growth of 60%.
Below is a table indicating your earnings through this FD.
Forecast your gains and align them to your goals
To meet your short- and medium-term goals, all you need to do is pick a tenor that suits them best. Here you get a flexible tenor, that ranges up to 60 months, and can use the FD calculator to tailor your FD to your goals. When doing so, remember that longer tenors attract higher rates of interest and increase the effect of compounding as well.
Below is a table indicating yields for different tenors.
Investor type: New customer
Enjoy options for timely liquidity
While you earn more when you choose to receive the interest earnings at maturity, you can opt for frequent interest payouts if you require periodic earnings. Further, Bajaj Finance offers a convenient Multi-Deposit facility using which you can invest in multiple FDs with a single cheque. You can choose different tenors for each of the FDs and so, enjoy liquidity all through the investment window. Additionally, if you are faced with an urgent monetary requirement then you can withdraw any one of the FDs without disrupting the others. On similar lines, you can also opt for a loan against FD of up to Rs.4 lakh and sidestep the issue of premature withdrawals altogether.
Benefit from convenient investment options
Bajaj Finance allows you to opt for FD Auto-Renewal. With it, your FD automatically gets renewed upon maturity, at which time you stand to benefit from renewal bonuses as well. Further, to open an FD, all you need to do is carry out an easy online application process. Moreover, in select locations, you have the option of making an investment using your debit card too.
All of these benefits serve as substantial reasons to invest in Bajaj Finance FD in the New Year 2020. To start investing in a Bajaj Finance Online FD today, simply fill out basic details into the form and wait for an authorised representative to get in touch with you. Once done, you are on your path to building a financially secure future!
Disclaimer: This is a company press release. No HT journalist was involved in the creation of this content.