Fixed Deposit in Coimbatore
Coimbatore is one of the fastest growing cities in India and a center of importance when it comes to textile. Coimbatore has also been ranked as one of the major emerging cities in India by India Today magazine in 2014.
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.
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Fixed deposit features and benefits in Coimbatore
Bajaj Finance Fixed Deposit in Coimbatore is not an ordinary FD scheme, as it has many features and benefits such as:
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Higher ROI for senior citizens
Senior citizens can gain 0.25% more interest rate profit as compared to standard citizens, on their FDs. For more details visit Bajaj Finance FD for Senior Citizen.
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Minimum investment amount
If you have Rs. 25,000, you can easily open an FD account with Bajaj Finance.
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FD calculator
FD Calculator enables you to know your exact ROI figure after maturity, once you put in the deposit amount and tenor on it.
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Online account access
Get 24X7 online FD account access through Bajaj Finance digital customer portal for easy tracking.
Eligibility criteria for Coimbatore residents
Coimbatore city residents can invest in a FD with Bajaj Finance. Here are other principal eligibility criteria. You must be either of the following:
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Resident Indian citizen
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Hindu Undivided Family (HUF)
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Companies along with group companies, partnership firms, and sole proprietorship
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Family trusts
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Societies, clubs, and associations
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.
FD Rates in Coimbatore
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 05 March 2020) |
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| Tenor in Months | Minimum deposit (in Rs.) | Cumulative | Non-Cumulative | |||
| Monthly | Quarterly | Half Yearly | Annual | |||
| 12 – 23 | 25,000 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 24 – 35 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% | |
| 36 - 47 | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% | |
| 48 - 60 | 7.80% | 7.53% | 7.58% | 7.65% | 7.80% | |
Rate benefits basis customer category (w.e.f 05 March 2020):
+ 0.25% for senior citizens
+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders
Renewal:
+0.10% over and above the rate of interest at which the deposit is booked
To book an FD with Bajaj Finance in coimbatore, visit the address mentioned below:
Bajaj Finance Limited
Bajaj Finserv Ltd. 1St Floor, 104, Excellence, Race Course Road, Next To Taj Vivanta, Coimbatore - 641 018.
