HomeBankInvest in High-Return Fixed Deposits with Bajaj Finance

Invest in High-Return Fixed Deposits with Bajaj Finance

Reader's Pick

According to a survey conducted by SEBI, about 95% of Indian families prefer parking their savings in Fixed Deposits (FD) over mutual funds. This is mainly because investing in this scheme does not involve market risks and ensures guaranteed returns. Furthermore, selecting Bajaj Finance as an investment partner ensures higher returns. Here are some reasons why individuals prefer FD as their investment instrument of choice.

Why should investors open fixed deposits with Bajaj Finance

Some of the reasons why investors must park their funds in FDs with Bajaj Finance are as follows:

  • Extensive returns: Investing money in FDs with Bajaj Finance can provide returns of up to 8.20% p.a. for about 44 months. Furthermore, investors have the flexibility of dividing their investments into different FD accounts with variable tenures like 15, 18, 22, 30, 33, 39, and 44 months. This helps them to get access to higher FD rates and compounded returns on their investment.

  • Flexibility in interest payout: Several investors prefer customised returns from their deposits along with higher returns. They have the flexibility of receiving a lump sum payout at the end of the tenure. Alternatively, they can also opt for monthly, quarterly, half-yearly, or annual payouts as per their convenience to serve as an additional source of income.

  • - Advertisement -

    Complete online processing: Considering the busy schedule of people today, the entire process of investing in FD with Bajaj Finance has become completely online and can be done with just a few clicks. This end-to-end paperless process saves time otherwise spent on visiting the offline branches.

To top these benefits, Bajaj Finance offers a dedicated customer support portal named ‘My Account’ to help investors manage their FDs online. They can log in any time with their credentials to monitor the returns and make additional investments. Furthermore, they can also download crucial documents from this portal, if required.

Can investors meet emergency funding requirements with a Bajaj Finance FD

Bajaj Finance offers the flexibility of applying for a loan against fixed deposits to meet emergency financing needs. One can apply for a credit of up to 75% of the invested amount in cumulative FDs. However, in case of non-cumulative FDs, individuals can apply for loans of up to 60% of their invested amount.

- Advertisement -

What to do before investing in an FD

Bajaj Finance offers an online FD calculator that individuals must use to efficiently plan their investments. One can input the investment amount, pick a preferred tenure, and select the payout mode from the available options. This way, investors can compare the interest rates and maturity amounts for different investment amounts even before investing.

Is it complicated to open a Bajaj Finance FD online

To invest in a Bajaj Finance Fixed Deposit scheme online, there are some basic steps to follow. These are quite easy and saves valuable time.

  • Navigate to the ‘Fixed Deposit’ page on the official website and fill up an online application form.

  • Carefully enter the KYC and bank details before completing the payment using NEFT/RTGS or Net Banking/UPI, to begin the investment journey.

- Advertisement -

Who are eligible to invest in fixed deposits with Bajaj Finance

Citizens of India, partnership firms, Hindu Undivided Families (HUFs), sole proprietorships, family trusts, clubs, societies, and associations are eligible for opening a fixed deposit account with Bajaj Finance.

Furthermore, while investing in a fixed deposit scheme, individuals must have their PAN card and KYC documents like voter’s ID card, driving licence, passport, and Aadhaar card to complete the process.

Can investors renew their FD scheme with Bajaj Finance

Investors can renew their investments even before 24 hours of maturity to get the latest FD interest rates. For this, they will need to log in to their portal and visit the Fixed Deposit renewal page. They can make the appropriate selections and choose the tenure and payout frequency to complete the renewal process.

Bajaj Finance has also received CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings that ensure complete security of the FD investments made by customers. As such, investing in a fixed deposit scheme with Bajaj Finance deems to be one of the best options in the market. It helps investors unlock dual benefits of safeguarding their savings from market volatility and earning attractive returns with flexible payouts option in just a few clicks.

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

Turno snaps $13.8 Mn from B Capital & Quona Capital

Turno, an India-based commercial electric vehicle (EV) distributor, and financi...

India’s export-import ecosystem needs robust logistics support: Nisschal Jaain, CEO of Shypmax

India’s burgeoning export-import ecosystem requires robust logistics support.

How Software Technologies are Driving Business Growth in India

The pandemic alerted businesses to the need to digitize operations and streamli...