In today's uncertain economic environment, finding safe and reliable investment options is crucial. Fixed deposits offer a secure way to grow your savings. The Bajaj Finserv app provides a convenient and user-friendly platform to manage your fixed deposit investments.
How to invest in FDs using the Bajaj Finserv app
- Download the app: Search for "Bajaj Finserv" on App store or Play store and download the official app.
- Open an FD account: Select investment and tap Open FD
- Verify your Identity: You will need to complete Know Your Customer (KYC) verification, which involves submitting basic identification documents.
- Choose your investment details: Decide how much money you want to invest, the investment period, and how frequently you wish to receive interest payments.
- Complete your payment: Use net banking or other supported payment option to deposit money into your FD account.
How to download the Bajaj Finserv app through the Play Store?
Android users can follow the steps given below to download the Bajaj Finserv app on Play Store and book and FD:
Step 1: Open the Play Store and tap the search bar at the top.
Step 2: Type ‘Bajaj Finserv’ and find the official app in the search results.
Step 3: Tap the ‘Install’ button to begin downloading and installing the app automatically.
Step 4: Once installed, tap "Open" or locate the app's icon on your home screen.
How to download the Bajaj Finserv app on the App Store?
Users with iOS devices, can follow the steps below to download the Bajaj Finserv app from APP Store and open FD:
Step 1: Open the App Store and tap the ‘Search’ tab at the bottom right.
Step 2: Type ‘Bajaj Finserv’ in the search bar. Locate the official Bajaj Finserv app.
Step 3: Tap ‘Get’ next to the app's name, then tap ‘Install.’ You may need to enter your Apple ID password.
Step 4: Once installed, tap ‘Open’ or find the app's icon on your home screen.
Features of Bajaj Finserv FD investment app
The Bajaj Finserv FD investment app offers easy account management, high interest rates, flexible tenures, secure transactions, and quick application processing. Refer to the points below for more details:
1. FD booking
Book your fixed deposit in minutes with a fully online process. The app provides clear guidance for selecting your deposit amount, investment tenure, interest payout preferences, and other essential details.
2. In-app KYC completion
Fulfill the mandatory Know Your Customer (KYC) requirements directly within the app. Submit your documentation digitally for smooth verification.
3. Secure payment gateway
Transfer funds for your FD investment securely through variety of payment options like net banking and UPI.
4. Investment monitoring
The app offers a comprehensive dashboard showcasing your active FD, their respective interest rates, maturity dates, and accumulated interest.
5. Integrated FD calculator
Use the built-in FD calculator to calculate potential returns based on your desired investment amount, tenure, and applicable interest rate.
Advantages of booking FD online
1. Anytime, anywhere
Book FD from the comfort of your home, 24/7, without visiting a branch.
2. Fast and easy
Online applications are quick, with minimal paperwork and faster processing.
3. Better interest rates
Some financial institutions may offer slightly higher interest rates on FDs booked online, providing better returns on your investment. Bajaj Finance recently launched "Digital FD" for a 42-month tenure, which can be booked exclusively through the Bajaj Finserv app or website. Bajaj Finance Digital FD offers one of the highest interest rates of up to 8.85% p.a.
4. End-to-end control
Open, manage, calculate returns, and renew your FD through a single online platform for complete control over your investment.
Conclusion
The Bajaj Finserv app helps users to take control of their financial future with a secure and convenient platform. Whether you are a seasoned investor or just starting your investment journey, the app simplifies the process of investing in fixed deposit.
