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.
|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|
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.
Here are the steps to invest in a Bajaj Finance FD
[You can start your online application and resume it at a later instance]
Upon successful payment, your deposit will be booked. You will receive an acknowledgement via email and SMS within 15 minutes.
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%|
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
+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.