What are the Benefits of a Bajaj Finance FD?


A fixed deposit investment provides you with not only a guaranteed return on maturity, but also the flexibility to select daily interest payouts over the term of your choice. As a result, parking your money in a high-interest FD scheme based on your preference for regular or accumulated earnings is more profitable because you get guaranteed returns. Starting a Bajaj Finance FD would help you get the most out of your money in this regard. Furthermore, as a current Bajaj Finserv customer, you will earn higher interest and get additional benefits on your FD investment.

You can now get instant funding without the hassles of forms, lines, information, approval procedures, and so on. Take a look at the Bajaj Finance fixed deposit benefits available to you as a Bajaj Finserv customer:

  • Obtain a higher rate of return on your savings.

Bajaj Finance Fixed Deposits have been given the MAAA (stable) rating by ICRA and the FAAA (stable) rating by CRISIL, allowing you to park your money in protection. In addition, this investment instrument offers a high rate of interest of up to 7.25$. If you are a current Bajaj Finserv customer, you will earn up to 0.25 percent more interest on your FD investment.

As an example, if you select a non-cumulative FD with a tenor of one to two years, the monthly, quarterly, half-yearly, and yearly interest rates would be 6.15 percent, 6.6 percent, and 7 percent, respectively, as a new customer. Choosing a cumulative FD for the same tenor would also earn a new customer a 7% annual interest rate. However, if you are a current Bajaj Finserv customer, you will receive an additional 0.25 percent interest on each of these options, regardless of the tenor and compounding frequency you choose.

  • Senior citizens are entitled to higher interest rates.

According to RBI guidelines, if you are sixty years or older, you are a senior citizen, and the FD interest rates available to you are higher. You can also receive 0.25 percent extra interest on your Bajaj FD. This interest rate for senior citizens is one of the highest on the market, making Bajaj Finserv fixed deposit one of the most lucrative in this group. Additionally, if you are a current Bajaj Finserv customer, you will earn an extra 0.25 percent interest on your FDs.

  • Profit from renewal incentives as well as guaranteed returns.

When you renew your current Bajaj FD, you will receive an extra 0.25 percent interest on your existing interest plan. When you combine this with your 0.25 percent current Bajaj Finserv customer profit, the return on your investment is higher than the general market rate of fixed deposits. Instead of leaving your money in a savings account where it will earn around 6% interest per year, park it in a Bajaj Finserv FD and get guaranteed high returns on your investment.

Wrapping Up

Now that you know how you can increase your wealth with Bajaj Finserv Fixed Deposit, get started on your investment journey right away! You can open an FD with as little as Rs.25,000 and earn higher returns over the tenor of your choice.

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