Bajaj Finance, a leading financial institution in India, has consistently demonstrated its commitment to providing innovative financial solutions to cater to the diverse needs of its customers. This commitment is evident in its flexible fixed deposit (FD) options, which are designed to help individuals and families achieve their financial goals with ease and security.
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Whether you are saving for a short-term purchase or planning for a long-term financial milestone, Bajaj Finance Fixed Deposit offer a range of features and benefits to meet your unique requirements.
Meeting the needs of every saver: The flexibility of Bajaj Finance FD
One of the most appealing aspects of Bajaj Finance FDs is the flexibility they offer. Here is how these FDs cater to a wide range of financial needs:
Tenure options: Bajaj Finance understands that different financial goals come with different timelines. Whether you are looking for a short-term investment or a long-term savings plan, Bajaj Finance has you covered with tenure options ranging from 12 to 60 months. This allows you to choose a tenure that aligns perfectly with your investment horizon and financial goals.
Interest payout options: Bajaj Finance also provides flexibility in terms of interest payouts. You can choose between cumulative and non-cumulative FD. Cumulative FD reinvests the interest earned, helping your investment grow faster through compounding. Non-cumulative FD, on the other hand, offers periodic interest payouts (monthly, quarterly, half-yearly, annually), which can be a source of regular income.
Special tenures with higher interest rates: Bajaj Finance offers special tenures like 18, 22, 33, 42, and 44 months, which come with higher interest rates compared to regular tenures. This allows you to maximise your returns by choosing a tenure that suits your financial goals and risk appetite.
Online account management: Bajaj Finance understands the importance of convenience in today’s digital age. You can easily track your FD investments, view statements, and manage your portfolio anytime, anywhere through the Bajaj Finserv app or website.
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Multi-deposit facility: Bajaj Finance also allows you to open multiple FDs with different tenures and amounts. This provides you with the flexibility to create a diversified investment portfolio that meets your specific needs and risk profile.
Update: Bajaj Finance has recently increased its FD rates by up to 0.60% p.a. on tenures ranging from 15 to 60 months.
Why choose Bajaj Finance Fixed Deposit
Competitive interest rates: Bajaj Finance offers one of the highest interest rates on their FD, up to 8.85% p.a.
Highest safety ratings: Their FD holds top-tier AAA ratings for financial agencies like CRISIL and ICRA secure, highlighting the safety and security of your investments.
Trusted by a large customer base: Over 5 lakh depositors, with more than Rs. 50,000 crore deposited in Bajaj Finance FD, speaks volumes about the trust that investors place in this institution.
Bajaj Finance FD Calculator: Your financial planning tool
To make informed investment decisions, Bajaj Finance offers a user-friendly FD calculator that helps you estimate your potential returns. By simply entering the deposit amount, tenure, interest amount frequency and customer category (regular or senior citizen), you can quickly calculate the maturity amount and interest earned. This helps you to choose the right FD plan that aligns with your financial aspirations.
Conclusion
Bajaj Finance’s focus on flexibility and customer-centricity aligns with the broader goal of financial inclusion in India. By offering a diverse range of FD options, Bajaj Finance is making it easier for individuals from all walks of life to access secure and profitable investment avenues. The company’s emphasis on digital solutions further enhances accessibility, allowing individuals in even remote areas to benefit from their services.
