When it comes to budgeting their earnings, working professionals should prioritise saving and investing. With the frequent occurrences of unprecedented market movements, prudent investors are constantly on the lookout for more secure investment opportunities. Low risk and guaranteed returns should be the two most desired characteristics in the current environment. The fixed deposit is one investment vehicle that has stood the test of time. Fixed deposits provide both return security and a steady growth of one’s savings.
Reasons to invest in a Bajaj Finance online fixed deposit
Post offices, various banks, and non-bank financial companies all offer fixed deposit plans. With so many options available, it may be difficult to invest a portion of one’s earnings in a financial instrument. Bajaj Finance is one such financier that offers its investors not only competitive fixed-income rates, but also a slew of other benefits. Here are some reasons why investing in a Bajaj Finance fixed deposit could be a wise move.
Flexible payout option
To earn a handsome return on investment at maturity, one should invest in a Bajaj Finance online fixed deposit. Senior citizens applying online can receive an additional 0.25 percent rate benefit over and above the base rate, while non-senior citizens can also receive an additional 0.10 percent. With returns of up to 6.75 percent, investors can expect their savings to grow and yield a sizable sum upon maturity.
Assume a non-senior citizen saves Rs. 1 lakh and invests it in a Bajaj Finance fixed-term deposit with varying maturities. The table below illustrates how different tenors affect interest gains and maturity returns.
Thus, one can examine attractive FD rates across a range of tenors. With the assurance of syable returns on deposits, Bajaj Finance online FDs can be a preferred investment vehicle for individuals looking to easily grow their savings.
Loan against FD
Interest can be received on a non-cumulative fixed deposit on a periodic basis. This can be done monthly, quarterly, half-yearly, or annually, depending on the client’s needs. Periodic payout options are particularly advantageous for senior citizens who have no active source of income following retirement.
Loan secured by a fixed-income security
With Bajaj Finance, one can take an early withdrawal from a fixed deposit in case of an emergency. Bajaj Finance offers an easy loan against fixed deposit, allowing investors to borrow up to 75% of their invested amount. Facilitating a loan against a fixed deposit requires minimal documentation, quick processing, and no additional fees.
Simple online procedure
One does not have to endure the exhaustion of standing in long queues, as Bajaj Finance online FD plans can be invested from the comfort of one’s home. By utilising this end-to-end paperless investment procedure, an additional 0.10 percent FD interest rate can be earned.
To verify the returns applicable to the FD type and tenor chosen, investors can visit the fixed deposit calculator page on Bajaj Finserv’s website.
Bajaj Finance’s online fixed deposit is an excellent vehicle for investing earnings. This is demonstrated by the high credit ratings it has received from India’s leading credit rating agencies, CRISIL (FAAA) and ICRA (MAAA).
Bajaj Finance Limited, the lending arm of the Bajaj Finserv group, is one of the most diversified non-bank financial companies (NBFCs) in India, serving over 44 million customers nationwide. The company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities, and Rural Finance, which includes Gold Loans and Vehicle Refinancing Loans, as well as Fixed Rate Loans. Bajaj Finance Limited takes pride in having the highest credit rating of FAAA/Stable of any non-bank financial company in the country.
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