Bhagalpur, known for its rich history and silk production, is a city of opportunity. As the city grows and its residents seek financial stability, fixed deposits (FDs) offer a reliable and accessible investment avenue. FDs provide guaranteed returns, making them ideal for achieving your financial goals, whether it's planning for your child's future, a comfortable retirement, or an important purchase.
Understanding fixed deposits in Bhagalpur
A fixed deposit is a safe investment where you deposit a lump sum with a financial institution for a set period at a fixed interest rate. At maturity, you receive the principal amount along with the accumulated interest.
Features and Benefits
1. Attractive returns up to 7.30% p.a.
Bajaj Finance FDs offer competitive returns that remain stable despite market fluctuations, making them a secure investment choice.
2. Increased FD rates for senior citizens
Citizens above 60 years of age, get an additional interest rate of up to 0.35% p.a. for a more rewarding retirement income.
3. Highest credit ratings
Bajaj Finance FDs hold top tier [ICRA]AAA (Stable) and CRISIL AAA/STABLE ratings, guaranteeing a secure environment for your deposited funds.
4. Loan against fixed deposit
Rather than withdrawing an FD prematurely, Bajaj Finance permits loans against it. Up to 60% of non-cumulative or 75% of cumulative FD values can be borrowed, allowing investors to maintain their deposits while accessing needed funds.
