As the returns offered by a fixed deposit plan are not influenced by market forces, it is one of the safest investment avenues. If you are an investor who is also keen on growing your investments at a faster rate, you might be tempted to take risks with market-linked instruments like stocks and equities. However, the steady income that you can earn by investing in FDs is important in today’s times as the market is going through frequent ups and downs. To enable you to earn attractive returns through fixed deposits while maintaining the stability of the invested capital, Bajaj Finance has introduced an online fixed deposit scheme.
Bajaj Finance FD comes with more than impressive FD rates of up to 6.85% and it has also the safety backing of high credit ratings that CRISIL and ICRA, the most popular and trusted credit rating organizations in India have provided. CRISIL’s FAAA/stable ratings and ICRA’s MAAA/stable ratings are the highest credit ratings that these agencies offer. This means that your savings are not influenced by market forces and are not prone to any default risks as well. Some of the noteworthy aspects of this FD scheme are explained further below:
Trust of investors
Due to the trust shown by more than 2.5 lakh investors across the country, the deposit book of Bajaj Finance FD has already crossed 25000 crores. As a result, you can think of investing in its FD plans with the confidence that your deposited money will be safe.
User-friendly tools & options
Bajaj Finance FD comes with several user-friendly tools and options that enable you to earn well and securely from fixed deposits. It offers an online FD form that helps you to invest as quickly as possible. Moreover, you can get the documents verified online by providing your CKYC id and the payment can be done by secure online payment methods like UPI or net banking. You may also pay through a debit card through certain locations.
An extra FD interest rate of 0.10% will be applicable if you prefer to invest in this FD online. The FD return calculator that is available on its official website is another user-friendly tool that enables you to predict the FD returns before investing. With the help of this online tool, you can check whether a particular FD type or tenor is suitable for you or not.
High returns
The high-interest rates of up to 6.75% ensure that your deposits grow at more than a decent speed. You can invest in the cumulative FD from Bajaj Finance if you want to earn sufficient returns.
As the interest is paid directly at maturity, the cumulative FDs add the FD interest generated from one interest calculation cycle to the principal of the next interest calculation cycle. As a result, the interest compounds and higher returns can be earned especially by choosing longer tenors. You can also exercise the auto-renewal option to continue growing your investments without wasting time that may be required for withdrawing and reinvesting the FD returns.
You might require some additional funds regularly to manage your regular expenses. The non-cumulative FD from Bajaj Finance lets you choose between monthly, yearly, bi-annual, and quarterly interest payouts. This option might also prove to be fruitful for senior citizens who do not earn a regular income. Also, Bajaj Finance FD offers a 0.25% additional FD rate to senior citizens. This additional FD rate helps them to earn sufficient returns.
Investing in fixed deposits is safe as its returns remain unaffected by the changing dynamics of the market. To earn high returns while maintaining the safety of your deposits, you can invest in the Bajaj Finance FD. It comes with an impressive interest rate of up to 6.75% and also safeguards your capital that can be verified by observing the high credit ratings that it has received from credit rating organizations like CRISIL and ICRA. The trust of over 2.5 lakh investors, user-friendly online investment options, and tools like the FD return calculator makes it a convenient investment option for everyone.
Read the new published guidelines for Write For Us Business category at Grass Desk official website.
