Fixed Deposits (FDs) are a very safe and easy way to grow your money. Bajaj Finance has introduced something new for investors looking to invest in FDs – the Bajaj Finance Digital Fixed Deposit. It brings the safety of traditional fixed deposits with the ease of digital access.
Read More:- Tax Saving Benefits Of NPS: Here Are 6 Tax Saving Benefits Available For Every NPS Contributor
This is a perfect investment option, especially for tech-savvy people to achieve their financial goals. Bajaj Finance provides reliability, convenience and a smart way to invest your money securely.
Understanding Bajaj Finance Digital FD
Here are key features of the Bajaj Finance Digital FD:
a) Online exclusive: This FD can only be booked online, through Bajaj Finserv mobile or app, ensuring a straightforward and speedy application process without the need for branch visits.
b) 42-Month tenure: The Digital FD offers a unique 42 month tenure. This duration aligns with the financial goals of many investors who are looking for mid-term investment option. This can help you provides a balance between long-terms and short-term investment strategies.
c) Competitive interest rates: Recognising the value of your hard-earned money, Bajaj Finance provides attractive interest rates. Senior citizens can enjoy rates of up to 8.85% p.a., while customers below 60 years of age can get up to 8.60% p.a. These competitive rates make Digital FD a good option for people looking to beat inflation and earn higher returns.
How To Invest In Bajaj Finance Fixed Deposit?
Go to the Bajaj Finserv website or app.
Go to investment section and click on fixed deposit.
Navigate to the top of this page and click on ‘Open FD’.
Read More:- How This Class 8 Pass Farmer Earns Rs 1.5 Crore Annually
Enter your 10-digit mobile number and verify the OTP sent to your mobile number.
Provide all the details like investment amount, investment tenure and payout frequency. Enter your PAN card details and date of birth.
Fulfill your KYC requirements: For existing customers, verify the existing details or make any changes. New customers can complete KYC using Aadhaar.
A declaration will be displayed on the screen, review it carefully and agree to the terms and conditions. Enter your bank details and proceed to make the payment.
Complete your investment using Net Banking/ UPI or NEFT/RTGS for the transaction.
FD Calculator: Tool For Informed Investment Planning
The FD calculator serves as an important tool for smartly planning your FD investments. It can help you easily determine potential returns by entering investment details.
Steps to use the Bajaj Finance FD calculator:
Visit the Bajaj Finserv website or app.
Locate the FD Calculator.
Enter your preferred investment amount, tenure, interest payout frequency, and customer type (senior citizen or customers below the age of 60).
Instantly view the projected returns.
Conclusion
Bajaj Finance’s new Digital FD is a game-changer. It offers competitive interest rates, flexibility, convenience, and safety to the customers, making it a popular investment option among the investors.
Read More:- Senior Citizen 5-Year FDs Of SBI, HDFC, ICICI, PNB vs SCSS: Where Should You Park Your Savings?
The ease of transaction and minimal documentation further add to its appeal, making it a go-to option for the tech-savvy customers. Bajaj Finance’s Digital FD is a perfect blend of traditional investing with modern technology.
