Bajaj Finance Best Investment Plans

Fixed Deposit for Securing Your Child’s Future

Fixed Deposits For Securing Your Child’s Future

Back in the day the cost of education for children was manageable, school fee was nominal, and a degree could easily land you a job. However, times have changed now, and education costs are increasing every year. Building a secure future for your child today, requires much more than a college degree, which may encompass professional education, private schooling, after-school coaching and extra-curricular activities.

Educating your child is a lifetime investment that requires a smart investment plan involving high returns and low risk, so you can grow your savings easily. Hence, a fixed deposit is the most preferred investment avenue, to ensure a secured future for your little ones. When you invest in a fixed deposit, you can get guaranteed returns and build on your savings over a fixed period.
 

Features of Bajaj Finance Fixed Deposit

Interest Rate Ranging from 5.65% to 6.75%
Minimum Tenor 1 Year
Maximum Tenor 5 Years
Deposit Amount Minimum Rs. 25,000
Application Process Easy online paperless process
Online Payment Options Net Banking and UPI


 • High returns
Secure your child’s future, invest in a Bajaj Finance FD and grow your savings at interest rates up to 6.75%*.

 • Assured gains
Get guaranteed returns by investing in an FD that carries the highest stability ratings of CRISIL’s FAAA and ICRA’s MAAA.

 • Flexible tenor
Align your investment with your child’s future by investing over a tenor of 12 to 60 months.

 • Online investing
Invest online from the comfort of your home, to lock-in prevailing FD rates and get an additional 0.10% rate benefit*.

 • Loan facility
Get an easy loan against your FD to obtain funds for emergencies without having to liquidate your investments.

 • Low initial amount
Deposit Rs. 25,000 or more to grow your savings easily or start a Systematic Deposit Plan to invest Rs. 5,000 or more each month.
 

With rising education, healthcare, and living costs, raising a child requires a significant amount of money. Building a secure future for your child requires financial planning and when you invest in a fixed deposit, you can get guaranteed returns and build on your savings over a fixed period.

Bajaj Finance Fixed Deposit helps you grow your savings at a predefined and lucrative rate of interest. The amount you set aside, grows over time at an interest rate up to 6.75%* if you are a senior citizen and up to 6.60%* if you are a regular customer. You can receive your savings upon maturity, after a flexible term of 12 to 60 months, or renew your FD to further boost your savings. You may also receive an additional 0.10% interest on renewing your fixed deposit.

To plan for your child’s future, use the Bajaj Finance Fixed Deposit Calculator. It helps you forecast your maturity proceeds with ease. Be assured of guaranteed returns at the end of the tenor as this FD carries some of the highest stability ratings of CRISIL’s FAAA and ICRA’s MAAA. These are indicative of timely interest payouts and zero defaults.

You can invest online from the comfort of your home to avoid long queues and secure some of the highest FD rates today. Start investing now for your child’s future, so that your savings have ample time to grow through the power of compound interest.

How to invest in Bajaj Finance FD?

Here are the steps to invest in a Bajaj Finance FD

[You can start your online application and resume it at a later instance]

  • Click on ‘Invest Now’ to visit our easy online form
  • Enter your phone number, date of birth, and verify yourself with an OTP
  • Provide your basic details for the OKYC process if you are a new customer
  • Verify your details if you are an existing customer
  • Fill deposit amount, tenor, and interest payout type, along with bank details
  • Invest by making a payment via NetBanking or UPI.

Upon successful payment, your deposit will be booked. You will receive an acknowledgement via email and SMS within 15 minutes.

Fixed Deposits For Securing Your Child’s Future: Interest Rates in India 2021

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
Monthly Quarterly Half Yearly Annual
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%

Rate benefits basis customer category (12 May 2021):
+ 0.25% or senior citizens + 0.10% for customers opening FD through online mode
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

Renewal:
+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.

*Conditions Apply

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