Living in Goregaon, a vibrant neighbourhood in Mumbai, you understand the importance of financial planning. Building a secure future requires careful consideration of investment options. Fixed deposits (FDs) emerge as a compelling choice, offering a safe haven for your savings and a predictable way to grow your money.
Benefits of fixed deposits
- Financial planning: The fixed interest rate feature makes FDs a valuable option for financial planning. You can easily calculate the total returns you will receive at maturity, facilitating budgeting and future planning.
- Emergency fund: Consider investing a portion of your savings in a short-term FD to create an easily accessible emergency fund. This provides peace of mind and ensures you have readily available funds to handle unexpected expenses.
- Retirement planning: FD, with their guaranteed returns, can form a solid foundation for your retirement corpus. Regularly investing in FD over a long period can help you accumulate a significant amount to support your post-retirement lifestyle.
- Peace of mind: FD offer predictability and security, allowing you to invest with confidence and avoid the volatility of the stock market. This peace of mind can be invaluable, especially for individuals with a conservative risk tolerance.
Features and benefits of Bajaj Finance fixed deposit
1. 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.
2. 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.
3. 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.
4. Flexible tenure options
Bajaj Finance understands that investment needs vary. They offer FD with a variety of tenures, ranging from 12 to 60 months. You can choose a tenure that aligns with your financial goals.
5. Loan against fixed deposit
Bajaj Finance offers loan against fixed deposit (LAFD). You can borrow up to 60% of the deposit amount for non-cumulative FD and up to 75% for cumulative FD. This allows you to access funds without prematurely withdrawing your fixed deposit.
