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. Higher FD rates on special tenures
Specialised rates are provided for specific periods of 18 months, offering chances for enhanced profits.
3. 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.
4. 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.
5. 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.
