Fixed Deposits (FDs) have been a trusted investment option, known for stability and fixed returns. They offer a secure investment opportunity with guaranteed returns. This makes FDs an attractive investment option. With rising inflation, it is essential to choose the right FD provider to get the maximum returns on your investment. Bajaj Finance is one such financial institution that is providing one of the highest interest rates of up to 8.85% p.a. on fixed deposits.
Bajaj Finance is well-known for its commitment to meeting investors' needs by adapting its products accordingly. The company is dedicated to enhancing the accessibility of Fixed Deposits (FDs) for individuals nationwide. To achieve this goal, they have introduced a new type of FD known as the "Digital FD”.
Understanding Bajaj Finance Digital FD
Bajaj Finance has launched a new FD type called "Digital FD" for the tenure of 42 months.
You can book this Digital FD exclusively through the Bajaj Finserv app and website. This makes it very convenient for individuals to invest in FDs from the comfort of their homes or offices, making the process smoother.
One significant advantage of investing in the Digital FD is that it provides one of the highest interest rates in the market. For senior citizens, Bajaj Finance is offering interest rates of up to 8.85% p.a., while for customers under the age of 60 years, the interest rates go up to 8.60% p.a. These interest rates are highly competitive and are one of the highest in the market. The high-interest rates offered by Bajaj Finance ensures that investors get the maximum benefit on their investment while safeguarding their funds.
Key Features of Bajaj Finance FD
Highest security ratings
Bajaj Finance FDs are AAA rated by financial agencies like CRISIL and ICRA which is the highest security rating in the country. This means that they are one of the safest investment options in the country.
Flexible tenures
Recognising the diverse financial needs of investors, Bajaj Finance offers FD with flexible tenures of 12 to 60 months. Whether someone is looking for short-term gains or planning for long-term objectives, Bajaj Finance provides tenures that cater to different financial goals.
Online accessibility
Embracing the digital age, Bajaj Finance ensures that investors can open and manage their FD accounts easily through Bajaj Finserv website or app. This online process eliminates the need for paperwork and branch visits, providing a hassle-free experience.
Competitive interest rates
Bajaj Finance stands out by offering one of the highest interest rates in the market. Senior citizens can get an impressive rate of up to 8.85% p.a., while individuals below the age of 60 years can get up to 8.60% p.a. This ensures that investors not only safeguard their capital but also beat inflation.
Loan against FD
Bajaj Finance enhances the utility of FDs by allowing investors to avail loans against their fixed deposits. This feature provides liquidity without the need for premature withdrawal, allowing investors to meet financial needs while their FD continue to earn interest.
Multiple interest payment options
Bajaj Finance offers investors the option to choose between cumulative and non-cumulative FD. In cumulative FD, the interest earned is reinvested along with the principal amount, and the maturity amount is paid at the end of the tenure, thus helping in higher returns.
In non-cumulative FD, the interest earned is paid out at regular intervals such as monthly, quarterly, half-yearly, or yearly, based on the investor's preference.
Conclusion
Bajaj Finance's commitment to innovation and safety in the fixed deposit space is evident through their diverse offerings. The introduction of the new "Bajaj Finance Digital FD" coupled with competitive interest rates, flexible tenures, and online accessibility makes their FDs appealing and convenient option for investors. Visit the Bajaj Finserv website or app to book a Digital FD today!