Kengeri, a vibrant suburb in Bangalore, offers a plethora of investment opportunities. For many residents seeking stability and predictability, fixed deposit (FD) remain a popular choice
Understanding fixed deposits
A fixed deposit is a financial instrument offered by banks and non-banking financial companies (NBFCs). It allows you to invest a lump sum amount for a predetermined period (tenure) at a fixed interest rate. This guarantees a predictable return on your investment, making FD suitable for risk-averse individuals or those with specific financial goals in mind.
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.
- 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.
- 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.
- 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.