ROI up to 6.75%* on FD


Should you renew your bank FD on maturity?

  • Highlights

  • Choose company FDs over bank FDs for guaranteed returns

  • With non-cumulative FDs, these come with regular interest payouts

  • Company FDs also allow you to beat inflation with flexible tenors

  • You can manage your account online for added convenience

An fixed deposit is a risk-free investment that helps your money grow over time. However, given the changing interest rates, you may wonder whether you should renew or liquidate your bank FD. The current scenario for bank FDs is the same as it was a few years ago. FDs in 2016 only offered a rate of interest in the range of 6-7%,while today it is around 7% or slightly more.

Given these rates, it is a better option for you to invest in a company FD that gives a high return up to 7.35% p.a. Apart from that, here are the numerous other benefits that a company FD offers.

Bajaj Finserv Fixed Deposit

Get fixed returns despite market fluctuations

FDs provide you with stable and guaranteed returns irrespective of market conditions. They aren’t linked to the market, and so, are able to offer you fixed returns. When you opt for a Fixed Deposit from Bajaj Finance,you have the assurance of credibility too. The fixed deposit has asafety rating of MAAA(stable) by ICRA and FAAA/stable by CRISIL. This means that there is close to zero risk associated with your investment

It’s a high-yielding FD that maximises your wealth. You can avail of other benefits like a flexible tenor, minimum investment amount of Rs.25,000 and easy online application and investment management.

Receive regular payouts with non-cumulative company FDs

If you’re retired or don’t have a fixed source of income, switching to a non-cumulative company FD maybe the best option. This is because you can opt for regular payouts thanks to the high interest rates,which mimic a salary. You can choose to receive interest on a monthly, yearly or quarterly basis, depending on your expenses and other needs for finance.

Why should you choose Bajaj Finance Fixed Deposits?

Choose an appropriate tenor based on your goals

While investing in company fixed deposits, you have the chanceto select the tenor of your choice.You can either select a short tenor and receive returns that beat inflation, or you can choose a longer tenor. The latter will helpyou earn the highest amountat maturity, and is ideal for wealth creation purposes.

Apply and manage your account online

You can apply for most companyfixed deposits online by following a simple procedure. Once the FD’s term begins, you can also manage it online. By logging on to a customer portal with your user ID and password, you can access account details like maturity date, interest statements and more. This does away with the hassle of visiting the branch every time you want to seek information. You can access the information at your convenience, while you’re on the go or from the comfort of your home.

Thus, by choosing company FDs over bank FDs, you canenjoy multiple benefits. Apart from maximising your returns, it provides you excellent customer support that makes for a pleasant investment experience.

DISCLAIMER: The mentioned fixed deposit interest rates are indicative only, and may be subject to change periodically. Please check the interest rates on our website.

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