4 min
17-May-2024
In the bustling landscape of Gandhinagar, fixed deposit (FD) remain a preferred choice for those seeking stable and secure returns on their investments. With interest rates on the rise in 2024, FD are becoming even more attractive for risk-averse investors and those looking to diversify their portfolios.
Factors to consider when choosing a fixed deposit
- Interest rates: Compare interest rates offered by different banks and NBFCs in Kengeri. Negotiate higher rates if you are investing a larger sum.
- Tenure: Choose a tenure that aligns with your financial goals. Avoid investing for unnecessarily long periods if you might need the funds sooner.
- Pre-closure penalties: Understand any penalties associated with premature withdrawal of your FD before maturity.
- FD features: Some FDs offer additional features like loan against deposit, which can be beneficial if you need access to liquidity during the tenure.
- Reputation of the bank/NBFC: Ensure you choose a reputable bank or NBFC with a strong financial track record.
Features and benefits of Bajaj Finance fixed deposit
- High interest rates up to 8.65% p.a.: Bajaj Finance offers competitive interest rates of up to 8.65% p.a., providing some of the most lucrative returns available. This ensures substantial growth of your investment, unaffected by market fluctuation.
- Top credit ratings: Bajaj Finance holds esteemed ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, reflecting its high security. These ratings assure that your deposits are secure, offering both peace of mind and robust financial returns.
- Increased FD rates for senior citizens: Individuals aged 60 and above benefit from an additional increase in interest rates up to 0.40% p.a., making these fixed deposits especially appealing for senior citizens.
- Flexible tenure options: Bajaj Finance understands that investment needs vary. They offer FD with a variety of tenures, ranging from 15 to 60 months. You can choose a tenure that aligns with your financial goals.
