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Update: January 19, 2022 12:37 STI
Pune (Maharashtra) [India], January 19 (ANI/NewsView): Fixed deposit is one of the most popular investment tools available on the market, as it is unaffected by fluctuations in market trends.
Moreover, it is a reliable option to park his hard-earned money in order to get higher returns on his deposit.
Banks, post offices and non-banking financial institutions (NBFCs) offer fixed deposits in India. Each of these enablers has its own set of benefits and features. However, investing in fixed income instruments generally generates lower returns than market-linked instruments.
When one wants to invest their money in a safe investment tool such as an FD for long-term capital appreciation, Bajaj Finance is a financier that offers the dual benefits of high FD rates and deposit security.
Here’s why Bajaj Finance Online Fixed Deposit is an ideal investment option:
Earn more with high FD interest rates
The return on investment, i.e. the applicable interest rates, serves as the main criterion for determining where to invest. FD interest rates in India are based on RBI regulations. The change in the repo rate by the RBI affects the interest rates of commercial banks, but Bajaj Finance, being an NBFC, is not directly affected by the change. Bajaj Finance’s fixed deposit interest rates remain relatively immune to changes caused by key rate cuts.
Bajaj Finance offers one of the highest FD interest rates in India. Below is a table showing the interest earnings for different terms for a citizen under 60 investing in a Bajaj Finance FD.
Seniors benefit from an additional interest rate of up to 0.25% on top of the base rate on their deposits.
Flexible payment options and loan against FD
FDs from post offices and banks generally do not offer the flexibility to obtain interest payments as investors choose. With Bajaj Finance, investors can opt for periodic interest payments based on their liquidity needs by depositing savings into the non-cumulative FD plan. This plan gives investors the option to choose between monthly, quarterly, semi-annual or annual interest payments.
Bajaj Finance also allows investors to apply for an unsecured loan against their FDs. This facility is invaluable in case of emergencies like cash needs for medical bills. Investors can profit up to 75% of the FD value.
Easy online investment process
An end-to-end online process adopted by Bajaj Finance online FD allows investors to benefit from a completely contactless investment procedure. One can quickly fill the FD form online from the comfort of his home.
Bajaj Finance FD has been accredited with the highest security ratings (FAAA) and (MAAA) by CRISIL and ICRA – India’s leading credit rating agencies. Investors looking to grow their savings can easily invest in a Bajaj Finance online FD without worrying about returns, defaults or unexpected interest payments.
Bajaj Finance Limited, the lending company of Bajaj Finserv Group, is one of the most diversified NBFCs in the Indian market, serving over 44 million customers across the country. Based in Pune, the Company’s product offering includes consumer sustainable loans, lifestyle finance, digital product finance, personal loans, home loans, small business loans, home loans , credit cards, two- and three-wheeler loans, business/SME loans. Loans, securities lending and rural finance which includes gold loans and vehicle refinance loans as well as term deposits. Bajaj Finance Limited is proud to hold the highest FAAA/Stable credit rating for any NBFC in the country today.
To learn more, please visit: www.bajajfinserv.in.
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