Coimbatore is one of the fastest growing cities in India and a centre of importance when it comes to the textile industry.
The city is the 2nd largest software producer in Tamil Nadu, after the capital city of Chennai. It houses more than 25,000 industries major being automotive components with major car makers such as Maruti Udyog and Tata Motors.
Home to many engineering and medical colleges as well, Coimbatore residents also look for many investment opportunities to improve their savings.
Investment Options In Coimbatore
People of Coimbatore can easily put in their money in many investment schemes such as:
Real estate – Real estate is a lucrative investment opportunity if you have the patience to wait for the right time to use it for higher ROI.
Mutual funds – Mutual funds also offer a higher interest rate but since these are affected by market fluctuations, the returns are not guaranteed.
Stocks – Stocks are good when it comes to getting higher returns, but these are never fixed.
Fixed deposits – Fixed deposits offer a higher interest rate along with a fixed ROI, flexible tenor and facilities such as loan against FD.
|Interest Rate||Ranging from 5.65% to 6.75%|
|Minimum Tenor||1 Year|
|Maximum Tenor||5 Years|
|Deposit Amount||Min- Rs. 25,000|
|Application Process||Easy online paperless process|
|Online Payment Options||Netbanking and UPI|
With the senior citizen fixed deposit, you get an additional 0.25% interest rate on the base rate offered.
Use the online FD calculator to accurately estimate your earnings for any tenor and deposit amount.
Access the 24-7 online customer account and track your Bajaj Finance FD at any time.
Investments starting at just Rs. 25,000, making it an ideal investment option for young investors.
Coimbatore city residents can invest in a FD with Bajaj Finance. Here are other principal eligibility criteria. You must be either of the following:
Grow Your Savings By Investing In Bajaj Finance FDs.
Bajaj Finance FDs are also available in Madurai, Chennai, Erode, Trichy, Nagercoil, Salem, Cuddalore and more cities.
An FD in Coimbatore also lets you make the most of rates and payments, suiting your needs and financial status.
Annual rate of interest valid for deposits up to Rs. 5 crore (w.e.f. 12 May 2021)
|Tenor in Months||Minimum deposit (in Rs.)||Cumulative||Non-Cumulative|
|12 – 23||25,000||5.65%||5.51%||5.53%||5.57%||5.65%|
|24 – 35||6.10%||5.94%||5.97%||6.01%||6.10%|
|36 - 60||6.50%||6.31%||6.35%||6.40%||6.50%|
+ 0.25% for senior citizens
+ 0.10% for investing online
Note: Senior citizens investing in a Bajaj Finance online FD will only receive one benefit (rate benefit of 0.25%), regardless of the mode of investment
+0.10% over and above the applicable rate of interest/card rate at the time of renewal of deposit. In case of online renewal, only one benefit (renewal benefit of 0.10%) will be extended.
Bajaj Finance Limited
Bajaj Finserv Ltd. 1st floor, 104, Excellence, Racecourse Road, next to Taj Vivanta, Coimbatore - 641 018.