Those who foresee funding a financial goal in the future can start saving and investing in financial instruments that assure capital safety. The fixed deposit(FD) is one such tool. These tools not only keep your capital safe but also enable growth. The only apprehension is that these fixed-income instruments have lower interest rates. However, Bajaj Finance is one such financier that provides one of the highest one year FD rates. Fixed deposits offered by Bajaj Finance are good investment options in the long run and great for short-term investments.
If you have a short-term financial goal that requires a sizeable chunk of money, keeping your corpus in a savings account will not help much. Instead, you can invest in an FD for one year. It will keep the money safe and help you grow your savings at the best FD rates for one year, i.e., a higher rate than savings accounts. If you are looking to pay an apartment or car down payment in a year or plan to travel abroad in a year. You will need a significant chunk of money and investing in a Bajaj Finance Fixed Deposit will help you achieve it seamlessly. Bajaj Finance offers one of the highest one-year fixed deposit interest rates for one year.
Bajaj Finance FD offers fixed deposit interest rates up to 8.60% p.a. for non-senior citizens. Senior citizens can earn up to 8.85% p.a. They get an additional rate benefit of up to 0.25% p.a. on their deposits. The interest rates applicable to deposits made up to Rs. 5 crore are below.