About Faridabad:
The Indian state of Haryana comprises the city of Faridabad. It is one of the biggest cities in Haryana and is situated in the National Capital Region (NCR) of India. Numerous sizable manufacturing firms are based in Faridabad, which is well-known for its industrial growth.
Faridabad's population is diversified and hails from various regions of India. The people of Faridabad are renowned for their tenacity and inventiveness. They are also renowned for their friendliness and hospitality. It is a sizable industrial city with excellent facilities and a reasonable cost of living.
Fixed deposit in Faridabad
Fixed deposit (FD) is a popular investment option for Indians. FDs offer a safe and secure way to grow your money, with guaranteed returns. Several banks, financial institutions, and non-banking financial corporations (NBFCs) are located in Faridabad, that offer FDs with attractive interest rates.
Fixed deposits are a good option for investors who want to grow their money safely and securely. With guaranteed returns and tax benefits, FDs can be a valuable part of your investment portfolio, here is why:
- Higher Returns: Earnings are one of the main factors in why people choose to invest their money in fixed deposits. You will find the interest rate on fixed deposits by Bajaj Finance on the Fixed Deposit page under investments. You can quickly find out your returns on a particular invested amount, after specifying your tenure and payout option by using the Bajaj Finance Fixed Deposit Calculator.
- Flexible Options: FD Accounts offer flexible tenures, ranging from a few days to several years. But you should pick a lengthy lock-in period if you want a fixed deposit with high interest. When you invest in a five- to ten-year fixed deposit, the interest rate will be high. With Bajaj Finance, you can also enjoy higher returns with special tenures of 15, 18, 22, 30, 33, and 44 months.
- Regular Income: Fixed-income investments produce an ongoing stream of revenue. While certain interest-bearing instruments, like PPF and FD, allow a regular payout option, others follow a regular timetable for interest accumulation. For a typical investor, the interest that has accumulated opens the door to greater growth due to interest compounding. With Bajaj Finance, you have the option to choose your payout. We offer monthly, quarterly, half-yearly, and yearly interest payouts suiting your needs and income requirement.
- Safety: The majority of these instruments are supported by a state guarantee, preventing investment losses. As a result, they are perfect for reducing an investment portfolio's total risk while generating returns that are often greater than average. The Bajaj Finance FD has one of the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE ratings to ensure that your deposits are secured with us and safely invested.
- Portfolio diversification: A portfolio may be more susceptible to market risks if it is exposed primarily to equity assets. A diverse portfolio that is primarily made up of stocks, debt instruments, real estate, cash, gold, etc. is required for astute portfolio management.
- Benefits for senior citizens: We have a higher interest rate applicable for senior citizens on our FD. There is an additional 0.25% p.a. interest rate over and above the regular interest rates. You can also convert the interest gained on these deposits into monthly income, ensuring that you have a consistent income stream after retirement. It gives you the chance to steadily expand your funds with no danger at all. The interest rates that apply to fixed deposits are not affected by changes in the market and remain fixed at the rate at which the FD was initially booked.
- Loan Against FD: We provide the option to obtain a loan against your FD. The deposit value and FD tenure are used to determine the loan amount. For cumulative deposit, a loan of up to 75% of your invested amount and 60% of your FD in case of non-cumulative FD.
Here are the FD rates of Bajaj Finance Fixed Deposit in Faridabad:
Interest Rate on Bajaj Finance FD for non-senior citizens of Faridabad:
|
Cumulative (interest +principal amount payment at maturity) |
Non-cumulative (interest payout at a defined frequency, principal paid at maturity) |
|||
Tenure in months |
At maturity |
Monthly |
Quarterly |
Half yearly |
Annual |
(p.a.) |
(p.a.) |
(p.a.) |
(p.a.) |
( p.a.) |
|
12 - 14 |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
15* |
7.45% |
7.21% |
7.25% |
7.32% |
7.45% |
>15-17 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
18* |
7.40% |
7.16% |
7.20% |
7.27% |
7.40% |
19-21 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
22* |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
23 |
7.50% |
7.25% |
7.30% |
7.36% |
7.50% |
24 |
7.55% |
7.30% |
7.35% |
7.41% |
7.55% |
25-29 |
7.35% |
7.11% |
7.16% |
7.22% |
7.35% |
30* |
7.45% |
7.21% |
7.25% |
7.32% |
7.45% |
31-32 |
7.35% |
7.11% |
7.16% |
7.22% |
7.35% |
33* |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
34 - 35 |
7.35% |
7.11% |
7.16% |
7.22% |
7.35% |
36 - 43 |
8.05% |
7.77% |
7.82% |
7.89% |
8.05% |
44*
|
8.35% |
8.05% |
8.10% |
8.18% |
8.35% |
45-60 |
8.05% |
7.77% |
7.82% |
7.89% |
8.05% |
Interest Rate on Bajaj Finance FD for senior citizens of Faridabad:
|
Cumulative (interest +principal amount payment at maturity) |
Non-cumulative (interest payout at a defined frequency, principal paid at maturity) |
|||
Tenure in months |
At maturity |
Monthly |
Quarterly |
Half-yearly |
Annual |
( p.a.) |
(p.a.) |
(p.a.) |
(p.a.) |
(p.a.) |
|
12 - 14 |
7.65% |
7.39% |
7.44% |
7.51% |
7.65% |
15* |
7.70% |
7.44% |
7.49% |
7.56% |
7.70% |
>15-17 |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
18* |
7.65% |
7.39% |
7.44% |
7.51% |
7.65% |
19-21 |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
22* |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
23 |
7.75% |
7.49% |
7.53% |
7.61% |
7.75% |
24 |
7.80% |
7.53% |
7.58% |
7.65% |
7.80% |
25 - 29 |
7.60% |
7.35% |
7.39% |
7.46% |
7.60% |
30* |
7.70% |
7.44% |
7.49% |
7.56% |
7.70% |
31-32 |
7.60% |
7.35% |
7.39% |
7.46% |
7.60% |
33* |
8.00% |
7.72% |
7.77% |
7.85% |
8.00% |
34-35 |
7.60% |
7.35% |
7.39% |
7.46% |
7.60% |
36 - 43 |
8.30% |
8.00% |
8.05% |
8.13% |
8.30% |
44* |
8.60% |
8.28% |
8.34% |
8.42% |
8.60% |
45-60 |
8.30% |
8.00% |
8.05% |
8.13% |
8.30% |
