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 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 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. 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.
