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5 Reasons To Secure Your Savings In A Bajaj Finance Fixed Deposit

  • Highlights

  • Multiply your salary at zero risk by investing in an FD

  • Invest in Bajaj Finance FDs to earn interest up to 8.95%

  • Earn interest that’s over 50% of the invested sum

  • Enjoy additional interest when you renew your FD

Regularly investing a part of your salary can help you meet various goals and secure your future too. When you wish to multiply your earnings over time without taking on risk, a fixed deposit serves as the perfect option. Here, the trick to earning high returns is to pick a reputed issuer that offers a substantial interest rate, such as Bajaj Finance.

Here are 5 reasons why the Bajaj Finance Fixed Deposit is truly the best investment scheme, for you to grow your savings, upon receiving your salary.

High interest rate

What makes Bajaj Finance Fixed Deposit one of the best issuers is that it offers high FD interest rates of up to 8.95%. In fact, you can earn returns over 50% of your investment amount depending on your customer type, tenor, and payout frequency. You can use the FD calculator to view returns within seconds, or take a look at a few examples below. They highlight returns for different interest rates that correspond to different customer types and also indicate the net ROI in each case.

New customer fixed deposit with an interest rate of 8.60%

Deposit amount (Rs.) Tenor (Yrs.) Interest (Rs.) Maturity amount (Rs.) Return on investment (%)
3,00,000 5 1,53,180 4,53,180 51.06

Senior citizen fixed deposit with an interest rate of 8.95%

Deposit amount (Rs.) Tenor (Yrs.) Interest (Rs.) Maturity amount (Rs.) Return on investment (%)
3,00,000 5 1,60,529 4,60,529 53.50

What’s more, when you reinvest your maturity proceeds, you can increase your returns further as the interest rate increases by 0.10%.

High credibility ratings from CRISIL and ICRA

Though company fixed deposits come with some risk, Bajaj Finance FDs ensure that you have nothing to worry about. They carry the highest credibility ratings of FAAA by CRISIL and MAAA by ICRA. These ratings indicate that your investment is safe and that you will receive the maturity returns on time and in full. You neither have to worry about default, nor principal loss.

Low minimum deposit amount

As a salaried individual you may not be able to save a lump sum on a monthly basis, but this shouldn’t stop you from earning handsome returns. Therefore, Bajaj Finance allows you to start an FD with a minimum amount of Rs. 25,000 only.

Flexible tenor options

Since your FD investment is locked for the entire tenor, Bajaj Finance allows you to choose a tenor from 12 to 60 months. This also allows you to ladder your FDs based on your liquidity requirements. Once again, remember to use the FD calculator to plan your investments as it helps you view your maturity proceeds in advance.

Multiple payout options

Bajaj Finance offers two types of fixed deposits: one where interest is payable at maturity and another where you can enjoy payouts throughout the tenor. In case of the former, the deposit benefits from the power of compounding and yields marginally higher returns. On the other hand, the second type of FD offers frequent payouts on a monthly, quarterly, half-yearly, or annual basis, as per your choice. This variant is suitable for when you need finance at regular intervals to meet varied expenses.

Steer your finances towards growth by investing your salary in a Bajaj Finance Fixed Deposit and build a handsome net worth over time. Start by filling an easy online application form from the comfort of your home.

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