Gachibowli, a prominent IT hub in Hyderabad, offers a dynamic environment for both businesses and residents. When it comes to securing your finances, Fixed Deposits (FDs) remain a popular choice due to their stability, predictable returns, and ease of access.
Benefits of investing fixed deposit
- Guaranteed returns: Unlike market-linked investments that fluctuate based on market conditions, FDs offer a predetermined interest rate. This ensures predictable returns on your investment, fostering financial planning and goal setting.
- Flexible tenure: FD come with a wide range of tenures, typically ranging from 7 days to 10 years. This flexibility allows you to choose a tenure that aligns with your financial goals and liquidity needs. Whether you are saving for a short-term objective like a vacation or a long-term goal like a child's education, there is an FD tenure to suit your needs.
- Regular income: Some financial institutions offer interest payout options. You can choose to receive interest payments monthly, quarterly, half-yearly, annually, or at maturity, providing you with a steady stream of income. This can be beneficial for individuals seeking to supplement their monthly earnings or those with recurring expenses.
- Loan facility: Many banks and NBFCs in Gachibowli offer loans against FD (LADF). This allows you to access a portion of your invested amount without prematurely withdrawing the deposit. This can be a valuable option for unforeseen expenses or short-term financial needs.
Features and Benefits
1. Attractive returns up to 8.65% 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 0.40% p.a. for a more rewarding retirement income.
3. Highest safety ratings
Bajaj Finance FDs hold top tier [ICRA]AAA (Stable) and CRISIL AAA/STABLE ratings, guaranteeing a secure environment for your deposited funds.
4. Special tenures
Specialised rates are provided for specific periods of 18, 22, 33, 42 and 44 months, offering chances for enhanced profits.
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.
