How to Pick the Right NBFC for A Fixed Deposit
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How to Pick the Right NBFC for A Fixed Deposit

  • Highlights

  • Compare lenders and choose one with the best interest

  • Choose MAAA (stable) or FAAA (stable) rated FD

  • Check premature withdrawal terms before investing

  • Consider benefits like online account access



The NBFC you choose can have a significant impact on your fixed deposit investment experience and the amount of returns you earn. While there are numerous FD providers in the market offering various perks, it is important to thoroughly research all your options before you make your decision. Here are the factors you should pay attention to when evaluating fixed deposit providers.

Check rate of returns offered

This is primary factor you should look into when searching for a lender, since it impacts the overall profitability of your FD investment. So, make it a point to compare various lenders and their rates and choose one that offers you the highest rate of interest. Take the opportunity to multiply your FD earnings by investing in a Bajaj Finance Fixed Deposit.


Bajaj Finance offers one of the highest rates of interest, with higher interest for senior citizens. The minimum deposit amount is Rs.25,000, which gives you the freedom to invest as per your choice and requirement. You can also select any tenor between 12 and 60 months for added convenience.


Verify safety credentials

The safety credentials of a FD provider are important, as they indicate how good the institution is at giving you the amount that is due to you in a timely manner. The higher the rating, the more assured you can be about getting guaranteed returns on time.

It also eliminates the risks of losing money in an FD by assuring you that the lender is authentic and legitimate. Always go for a lender with a MAAA(stable) rating by ICRA or a FAAA/stable rating by CRISIL such as the Bajaj Finance Fixed Deposit.

Review terms regarding premature withdrawals

It’s important to check the terms of premature withdrawal before investing. This is because in the future, you mightneed to liquidate your FD in case of an emergency. In such cases, it is important to have a FD provider who offers flexible terms on premature withdrawals.

Additional Read : Short-Term Or Long-Term FD: Which FD is Best For You?

If not, you could end up paying expensive penalties for breaking the FD before its term is over. So, always make sure you pick a financial institution with flexible premature withdrawal terms that don’t add to your financial burden when faced with an emergent situation.


Why should you choose Bajaj Finance Fixed Deposits?

Look for other conveniences

There are various other benefits that an NBFC can offer you, which will make your investment experience more enjoyable. These include features like online application and online account management, which are offered by the Bajaj Finance Fixed Deposit. By eliminating the need to travel to the branch and perform lengthy paper work, the application process is made simple, quick and convenient. Also, features such as online access ensure that you can sign in to a customer portal and track your FD whenever you wish to.

Additional Read : How to Choose The Best FD Plan in 2018

Making a checklist of all these features will help you to select the best NBFC for fixed deposits, both in terms of the interest rate offered and the quality of service and conveniences.

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