Pune : With a new decade just around the corner, now is the best time to invest for your future. Instead of splurging on material items, this festive season, why not consider buying for yourself a gift that keeps on giving? The Bajaj Finance Fixed Deposit, for instance, is an excellent choice. This vehicle offers market-leading interest rates, despite the recent RBI repo rate cuts, and allows you to intelligently invest your money for maximum returns.
So, while you shop for presents for your friends and family, don’t neglect this handy investment to secure your future. Read on to know more about the benefits of choosing this particular investment.
Enjoy generous interest rates, irrespective of customer type
In order to earn inflation-beating returns from your investments, opting for an option with a high interest rate is key. Bajaj Finance offers this with its FD, as you can get up to 8.10% as a regular investor and up to 8.35% as a senior citizen on FDs booked for a tenor of at least 36 months, with interest payable at maturity. These generous rates are especially beneficial over longer tenors, where the power of compounding helps you multiply your wealth rapidly.
To understand your potential earnings through investments made today for a tenor of 60 months, consider the following example.
Customer type: New Customer
| Investment amount (in Rs.) | Tenor (in yrs.) | Interest rate | Interest earned (in Rs.) | Maturity amount (in Rs.) | Returns |
| 10,00,000 | 5 | 8.10% | 4,76,143 | 14,76,143 | 47.61% |
| 25,00,000 | 5 | 8.10% | 11,90,358 | 36,90,358 | 47.61% |
Customer type: Senior Citizen
| Investment amount (in Rs.) | Tenor (in Yrs.) | Interest rate | Interest earned (in Rs.) | Maturity Amount (in Rs.) | Returns |
| 10,00,000 | 5 | 8.35% | 4,93,291 | 14,93,291 | 49.32% |
| 25,00,000 | 5 | 8.35% | 12,33,229 | 37,33,229 | 49.32% |
Depending on the particulars of the investment, you too can forecast your returns by using an FD calculator.
Use the flexible tenor and payout options to meet your goals
Enjoying flexibility through your investment is key, and so Bajaj Finance’s FD allows you to tailor your FD to your goals. With intelligent planning, you can meet almost any expense comfortably as you can invest over a flexible tenor ranging from 12 to 60 months, and can even opt for payouts every month, quarter, half-year, or year, should you require regular financial help.
Benefit from high investment stability and credibility ratings
Bajaj Finance is the only Indian NBFC to have the ‘BBB’ rating from the international rating agency S&P Global and its deposit has both ICRA’s MAAA and CRISIL’s FAAA ratings, the highest in their respective categories. These indicate that this offering is safe and will offer timely returns.
Invest in multiple FDs conveniently via the Multi-Deposit feature
With the Multi-Deposit feature, using a single cheque you can invest in several FDs, each having varying tenors or amounts. This makes laddering your investments easy and facilitates adequate periodic liquidity. Moreover, you can make premature withdrawals from one deposit, without disturbing the rest, should you need to.
Reinvest without hassles with the Auto-Renewal facility
Reinvesting in a Bajaj Finance FD is straightforward and convenient. All you have to do is opt for Auto-Renewal when you book an FD and define the terms of reinvestment. This negates the need for intervention upon maturity and allows you to enjoy FD renewal bonuses too.
All of the aforementioned features proof of why investing in a Bajaj Finance FD is the best gift you can give yourself this festive season. In fact, to get started, all you need is an initial deposit amount of Rs.25,000. Then, Open FD Online by filling a short form. Thereafter, a Bajaj Finance executive will contact you with further details, helping you make the most of what the festive season has to offer.
