Updated on Jul 10, 2020 22:25:01

 

Planning to Invest in an FD? Here Are 5 Factors That Make Bajaj Finance Fixed Deposit Unbeatable

5 Dariyanews

5 Dariyanews

5 Dariya News

29 Dec 2019

Pune, Maharashtra

Making your savings work for you is a golden, tested rule of wealth creation. Further, low-risk instruments such as the Bajaj Finance Fixed Deposit have an invaluable role to play in multiplying your finances reliably. As one of the safest and most credible fixed deposit issuers in the country, Bajaj Finance promises you assured and generous yields, alongside a range of portfolio-enhancing investment features. To know more, take a look at 5 factors that make a Bajaj Finance FD unbeatable.

You earn a competitive rate of interest

Even after several RBI repo rate cuts, Bajaj Finance offers interest at a rate of up to 8.35%, depending on the type of investor you are. A good rate coupled with market-insulated returns means that you can easily multiply your finances and reach your wealth-creation goals. Further, you need just Rs.25,000 to open a deposit and so, you can get started right away. To understand how your money grows here, consider the following tables.

·         Regular customer opting for payouts at maturity, earning an interest rate of 8.10%

Initial deposit

Tenor

Interest earned

Maturity proceeds

Rs.20,00,000

48 months

Rs.7,31,070

Rs.27,31,070

 

·         Existing customer opting for payouts at maturity, earning an interest rate of 8.20%

Initial deposit

Tenor

Interest earned

Maturity proceeds

Rs.20,00,000

48 months

Rs.7,41,189

Rs.27,41,189

·         Senior citizen opting for payouts at maturity, earning an interest rate of 8.35%

Initial deposit

Tenor

Interest earned

Maturity proceeds

Rs.20,00,000

48 months

Rs.7,56,422

Rs.27,56,422


Your returns are backed by high stability ratings

In a faltering economy, investment and capital safety is a prime concern. However, with Bajaj Finance FDs, you don’t have any reason to worry as the FD has CRISIL’s FAAA and ICRA’s MAAA ratings, which are the highest in their respective categories. Bajaj Finance also boasts of S&P Global’s BBB rating. These are indicative of timely payouts at maturity, without principal loss.

You can earmark investments effectively with a flexible tenor

Bajaj Finance allows you to invest your finances for a tenor ranging from 12 to 60 months. This flexibility facilitates FD laddering and effective financial planning. In fact, you can align your investment to your short- and medium-term goals perfectly by forecasting your proceeds with an FD calculator. Simply enter values into the online tool to know your earnings on maturity.

You have multiple interest payout options at your disposal

When you partner with Bajaj Finance you can opt for a sizeable, lump sum payout at the end of the tenor or regular payouts all through the investment tenor. Payouts at maturity offer superior yields, courtesy of better rates and the effect of compound interest. However, frequent payouts allow for more liquidity, helping you tackle expenses that arise every month, quarter, six months or year with ease.

You benefit from the Multi-Deposit and Auto-Renewal features

Apart from competitive interest rates and guaranteed returns, Bajaj Finance offers you financially flexibility by allowing you to invest in multiple FDs through a single cheque. Further, since each FD can have a different tenor and payout option, you can build in periodic liquidity into your investment strategy. Additionally, in a dire situation, you can withdraw prematurely from one FD while continuing to earn handsome returns from the rest. Optionally, you can get a loan of up to Rs.4 lakh against your FD.On the other hand, the Auto-Renewal facility, which you can opt for when opening your deposit, allows you to stay invested for an extended tenor without needing to fill renewal forms at maturity. This helps you plan for long-term goals and benefit from renewal bonuses on offer too.Now that you know what makes the Bajaj Finance FD and unmatched investment, get started without any delay. Fill out an online application formand authorise an executive to get in touch with you with information on how to investment.

About Bajaj Finance Limited

Bajaj Finance Limited, the lending arm of the Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 36 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Loans for Professionals, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international ‘BBB’ with stable outlook for long-term, by S&P Global Rating.

 

Tags: Commercial

 

 

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