6 Reasons to Choose Company Fixed Deposits Rather than Bank Fd
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6 Reasons to Choose Company Fixed Deposits Rather than Bank Fd

  • Highlights

  • Get higher returns with flexible tenor

  • Choose your interest payment mode

  • Avail tax benefits and easy access to loans

  • Enjoy high credibility and stability

If falling interest rates are stopping you from investing in bank fixed deposits, it is time you considered a company fixed deposit. With a higher rate of interest, a company fixed deposit is a more rewarding option. Bajaj Finance Fixed Deposit is one such option that offers higher than market average returns on your investment with additional interest for senior citizens, along with other benefits.
Read on to find out why this fixed deposit it the ultimate solution.

Higher returns

Bajaj Finance Fixed Deposit is renowned for its high interest rate. Senior citizens benefit from a higher rate of interest, which helps you multiply your savings.

Additional Read : How to earn more from your fixed deposit?

Flexible tenor

Bajaj Finance offers you the advantage of choosing a flexible tenor from 12 to 60 months.

You can go with the tenor that best meets your financial requirements. You also have the flexibility to renew a maturing FD and re-invest it at a higher interest.

Choice to receive periodical interest pay outs

These fixed deposits offer you a choice between cumulative and non-cumulative interest payouts. In a non-cumulative scheme, you receive interest on a monthly, quarterly or half-yearly basis making this a good option if you are retired or need period earnings.
In a cumulative scheme, your interest gets compounded every year and you receive higher returns at maturity. You can choose a plan that best suits your financial goals.



Tax benefits

While the income earned from fixed deposits is taxable under the head ‘Income from Other Sources’, any interest income that does not exceed Rs. 10,000 is exempt. The amount invested in a tax-saving fixed deposit is exempted under Section 80C of the Income Tax Act with a maximum exemption of up to Rs.1.5 lakh per year. Tax-saving fixed deposit schemes usually have a lock-in period of 5 years.

Why should you choose Bajaj Finance Fixed Deposits?

High stability and credibility

Bajaj Finance has a stable rating of ICRA’s MAAA (stable) and CRISIL’s FAAA/stable. This helps you remain confident in the fact that your investments are secure and you will enjoy assured returns.

Access to loan against fixed deposit

When you sign up for a Bajaj Finance FD, you can easily get a loan against FD it to meet urgent financial needs. You can get a high-value loan that helps you cater to emergencies easily.

Thus, if you’re looking for an investment that is risk-free and offers high returns, the Bajaj Finance FD is your best choice. Not dependent on market conditions, you will get assured returns and be able to protect your investment too.

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