Fixed deposits are a safe way of protecting and growing your wealth. While most banks offer interest rates between 6% to 7%, fixed deposits usually offer higher interest rates. One such offering is the Bajaj Finance Fixed Deposit that provides an attractive rate of interest. With multiple benefits, Bajaj Finance Limited offers the best investment avenue. You can get the following benefits:
The Bajaj Finance Fixed Deposit offers you an extremely profitable interest rate with which banking institutions cannot compete. Thus, investing in this FD is highly viable. For example, when we invest in a monthly compound frequency of Rs. 25,000 in a bank that offers 5% interest on fixed deposits, there is an interest gain of Rs. 1,279 annually.
Investing the same amount of Rs. 25,000 in a monthly compound frequency of a Bajaj Finance Fixed Deposit for the same period helps get better returns due to higher interest rates. Bajaj Finance Limited also provides higher interest rates for senior citizens, making it one of the best options for retirement savings. Learn how Bajaj Finance FD benefits senior citizens.
Additional Read: How to earn more from your fixed deposit?
Risk-free, credible investment
The Bajaj Finance Fixed Deposit has been rated highly stable by ICRA and CRISIL, which means your investment is as secure as possible. Additionally, the returns are not dependent on market conditions. Thus, you can rest assured that you will receive your calculated interest at maturity, which will help your financial planning.
Low minimum investment amount
The minimum investment amount for this fixed deposit is Rs. 15,000, making it an excellent choice for every budget. You can enjoy the benefits by investing even a nominal amount.
You can choose a tenor between 12 to 60 months, which gives you great flexibility in your financial planning. You even have the option to reinvest a maturing FD for a different tenor as per your requirements for a higher rate of interest, usually up to 0.25% p.a.
Additional Read: Short-term or long-term FD: Which FD is best for you?
Online application and account management
The application process is very user-friendly. You can apply for the fixed deposit online with minimal documentation and have continued online access to the account once approved.
Therefore, if you’re looking for high returns on your investment, the Bajaj Finance Fixed Deposit is a risk-free and secure option.
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