When it comes to investments the rate of return is an important factor to be considered. A good return rate can help you in generating lasting wealth from your savings. A fixed deposit (FD) is a stable instrument that offers guaranteed returns, but bank and Post Office FDs usually offer lower returns compared to company FDs. If you want to grow your savings, then choosing a fixed deposit that offers higher rates is preferred but choosing a trustworthy financier is essential. While choosing a financier, it is essential to look into safety and credibility. To simmer down your FD options and close in on one, you can look at the Bajaj Finance FD as it offers high FD rates. It has also been accredited with the highest safety ratings and even has higher FD rates for special tenures.
Here is a look at why Bajaj Finance FD is a great investment option and how you can avail of higher FD rates for special tenures:
Attractive FD rates
Get handsome returns with this FD as the interest rates go up to 8.20% p.a. on deposits. These are one of the highest FD rates offered in the market. You can also easily calculate your returns at maturity using the FD calculator on the official Bajaj Finance website. Here is how much a senior citizen will earn on Rs. 5 lakh for different tenures.
Special tenures
Recently Bajaj Finance launched special tenures that offer one of the best FD rates. You can take advantage of this offering to earn a premium yield by choosing to invest for 15, 18, 22, 30, 33, and 44 months at no additional cost. Here is how much a senior citizen can earn on Rs. 5 lakh for special tenures.
As you can see, investors can earn more at even shorter tenures if they fall under the specified special tenure category.
Loan against FD facility
In case of emergencies that warrant a free flow of cash, you need not liquidate your FD all you need to do is opt for the loan against the FD facility. This facility enables you to get a loan against your deposit amount up to 75% of the FD amount.
End-to-end digital process
You can book this FD with minimal documentation from anywhere at any time in just 10 minutes. This is an entirely online paperless process. Managing this FD estimating returns, renewing your FD, and applying for loans against FD becomes easier as it can be managed entirely online.
Bajaj Finance Fixed Deposit has been accredited with the highest credit ratings of rated CRISIL AAA/STABLE and [ICRA]AAA(Stable), making it a haven for risk-averse investors. You can invest your money here without worrying about faulty payments and capital loss. Grow your savings with Bajaj Finance FD and choose special tenures to earn more.
