Mumbai: Fixed deposit (FD) is one of the most popular investment avenues that guarantee assured returns on investment. As compared to other investment options, the interest rates applicable on fixed deposits are reasonable too. This is why most people choose to invest their hard-earned money in fixed deposits over other investment options.
Bajaj Finance Ltd the lending arm of Bajaj Finserv offers Fixed deposit with the highest interest of up to 9.10 percent with flexible tenors ranging from 12 to 60 months. Bajaj Finance Fixed Deposit is one option that offers higher than market average returns on your investment with additional interest for senior citizens, along with other benefits.
10 benefits of Bajaj Finance Fixed Deposits
Safe investment option
The prime reason for investing in Bajaj Finance Fixed Deposit is that it is one of the safest investment as the returned are assured and not based on the market fluctuation.
High stability and credibility
Bajaj Finance Fixed Deposit is also accredited with the highest safety rating of ICRA’s MAAA (stable) rating and Crisil’s FAAA/AA rating.
Minimum Deposit
The minimum deposit required to invest in a Bajaj Finance Fixed Deposit is Rs 25,000, which makes it easier to invest.
Interest rate up to 9.10 percent
Bajaj Finance Fixed Deposit offers an interest rate of 8.75 percent, which can go up to 9.10 percent
Flexible Tenor
Bajaj Finance offers you an advantage of choosing from the flexible tenor of 12 to 60 months. You can go with the tenor that best meets your financial requirements.
Flexible Interest Rate Payouts
Bajaj Finance Fixed Deposit offers cumulative deposits and non-cumulative deposits with yearly payouts option. The investor can choose to get the full interest earned at maturity by choosing a cumulative FD or choose to get regular payouts at intervals of every month, quarter, half-year or year by choosing a non-cumulative FD.
Higher interest rate to senior citizen
Senior citizens get an interest rate that is 0.35 percent over and above the existing interest rate.
Renewal Benefits.
Bajaj Finance Fixed deposit offers renewal benefits in the form of an additional 0.25 percent of interest.
Online application process
To start investing, individual can fill in the online application on the company’s website. Once the form is submitted, Bajaj Finance representative will get in touch for all the documentation. The investor needs to submit the application form, a photograph and KYC documents.
Auto Renewal option
Bajaj Finance Fixed Deposit offers auto-renewal wherein we will automatically renew your deposits for the same period of time and the same interest rate on maturity.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article.
[source_without_link]ANI[/source_without_link]