4 min
15-May-2024
Kalna, a historic town steeped in cultural heritage, is also a place where residents prioritize financial security and steady growth for their hard-earned money. Fixed Deposits (FDs) have long been a trusted instrument for Kalna residents to achieve these goals. Investing in a Fixed Deposit offers a secure and effective way to manage your savings. Whether you're considering a short-term or a long-term investment, FDs can cater to various financial goals with guaranteed returns. For guidance on which duration might suit your needs, explore short-term or long-term FD.
Features and benefits of Bajaj Finance fixed deposit
- Competitive interest rates: Earn up to 8.65% p.a. on your investment, fostering robust growth even during market fluctuations. This competitive rate ensures your money works hard for you, helping you achieve your financial goals.
- Senior citizen benefit: Recognising the financial needs of senior citizens, Bajaj Finance offers an additional interest rate increase of up to 0.40% p.a. for individuals aged 60 and above. This benefit can significantly add to the overall return on their FD investment.
- High credit ratings: Bajaj Finance holds top safety ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE. These ratings indicate a low credit risk, which can be a reassuring factor for investors seeking a secure investment option for their funds.
- Loan against fixed deposit: Bajaj Finance offers a feature that allows you to utilize your FD as collateral for a loan. This provides flexibility by letting you access a portion of your invested amount (up to 60% for non-cumulative FD and 75% for cumulative FD) while the remaining principal continues to earn interest.
