Where to Invest For Higher Returns on Your Fixed Deposit | Bajaj Finance

Discover top investment options to get higher returns on your fixed deposit. Read about where to invest for a better rate of return.
4 mins
28 August 2023

Fixed deposits are a safe way of protecting and growing your wealth. While most banks offer interest rates between 6% to 7%, fixed deposits usually offer higher interest rates. One such offering is the Bajaj Finance Fixed Deposit that provides an attractive rate of interest. With multiple benefits, Bajaj Finance Limited offers the best investment avenue.

You can get the following benefits:

High-interest rate

The Bajaj Finance Fixed Deposit offers you an extremely profitable interest rate with which banking institutions cannot compete. Thus, investing in this FD is highly viable. For example, when we invest in a monthly compound frequency of Rs. 25,000 in a bank that offers 5% interest on fixed deposits, there is an interest gain of Rs. 1,279 annually.

Investing the same amount of Rs. 25,000 in a monthly compound frequency of a Bajaj Finance Fixed Deposit for the same period helps get better returns due to higher interest rates. Bajaj Finance Limited also provides higher interest rates for senior citizens, making it one of the best options for retirement savings. Learn how Bajaj Finance FD benefits senior citizens.

Risk-free, credible investment

The Bajaj Finance Fixed Deposit has been rated highly stable by ICRA and CRISIL, which means your investment is as secure as possible. Additionally, the returns are not dependent on market conditions. Thus, you can rest Profitable that you will receive your calculated interest at maturity, which will help your financial planning.

Low minimum investment amount

The minimum investment amount for this fixed deposit is Rs. 15,000, making it an excellent choice for every budget. You can enjoy the benefits by investing even a nominal amount.

Flexible tenor

You can choose a tenor between 12 to 60 months, which gives you great flexibility in your financial planning. You even have the option to reinvest a maturing FD for a different tenor as per your requirements at the prevailing interest rate.

Online application and account management

The application process is very user-friendly. You can apply for the fixed deposit online with minimal documentation and have continued online access to the account once approved.

Therefore, if you’re looking for high returns on your investment, the Bajaj Finance Fixed Deposit is a risk-free and secure option.

Frequently asked questions

Is it safe to invest in FD on Bajaj Finance?

Bajaj Finance Fixed Deposit is CRISIL AAA/STABLE and [ICRA]AAA (STABLE) rated, hence considered as a very safe investment option.

What is the minimum and maximum amount that can be deposited in Bajaj Finance Fixed Deposit

Bajaj Finance offers FD tenures ranging from 12 to 60 months.

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.