Investing your surplus money is an efficient means to growing your wealth. After you’ve parked it in a lucrative avenue, you can sit back and watch it grow because of the higher rate of interest investments offer as compared to savings accounts.
This is especially true for a fixed deposit as it offers a fixed interest rate, and guarantees returns at maturity. Now, all you have to do is to identify an FD that is safe, provides generous returns, and has a straightforward investment procedure.
Read along to know how you can invest in a high-yielding fixed deposit without any long, tedious procedures and in the shortest possible time.
Invest in an FD easily online
In an effort to simplify investing, issuers have made provisions that allow you to invest in an FD online. This feature saves a lot of time and is beneficial for senior citizens too as it reduces the effort required to start an investment. Investing using online facilities also reduces application errors because unless you fill in the mandatory fields in an online form, it doesn’t send the form for submission. This way, you will never miss out entering important information.
Bajaj Finance, one of the most reputed FD issuers, offers the convenience of online booking, allowing you to start a Fixed Deposit immediately in a hassle-free manner. To complement the instant gratification that online application provides, existing customers also needn’t submit any paperwork, which makes the entire end-to-end transaction online and completely stress-free. This way, you can start your investment from home or workplace without having to visit a branch.
Pick an issuer that requires minimal documentation
To truly enjoy the perks of a hassle-free investment, apart from online application try choosing an issuer who allow you to apply using minimal documentation. Bajaj Finance, for instance allows you to invest in the Bajaj Finance FD with basic documents. Moreover, you can invest in multiple FDs using just one cheque thanks to the multi-deposit facility.
This speeds up the process of application. So, depending on your need for investment choose the tenors for each FD and split your deposit sum into multiple FDs at once using minimal documents and just one cheque. What’s more, existing Bajaj Finance customers can book an FD online without having to submit any documents, further adding to your convenience of starting an investment immediately.
Invest using your debit card
Bajaj Finance also allows you invest in your FD using a debit card. However, ensure to check for the availability of this feature in your city. This further accelerate the process of investment, making it quick and easy for you at every step of the way.
When you opt for the Bajaj Finance Fixed Deposit, you not only benefit from a speedy application but profit from a high interest rate as well. To help you understand the offering better, here are a few features of this fixed deposit.
Enhanced interest rate for greater returns
Bajaj Finance offers one of the most competitive interest rates on FDs in India. As a regular investor you can get 8.35% interest for a tenor of at least 36 months with interest payable at maturity. As a senior citizen investor, you get an incredible 8.70% interest earning on a tenor of 36 months or more, with interest payable at maturity. To help you see the gains you can expect from this FD, consider the following illustrated examples.
As a regular investor here’s what you can expect to earn on varying principal amounts.
When you renew your FD, you also benefit from an increase of 0.10% on your interest rate. Existing customers can get 0.10% higher interest rates, which contribute towards a higher income from your fixed deposit.
As a senior citizen, here’s what you can expect to earn on varying principal amounts.
The Bajaj Finance Fixed Deposit has the highest credit ratings, awarded by ICRA and CRISIL. These indicate that this investment is not only safe, but that the issuer is also prompt and consistent with interest payouts. Furthermore, this is the only NBFC FD in India with the ‘BBB’ rating from the international bureau S&P Global, implying that your investment is in good hands.
Affordable minimum deposit amount
It is easy to invest in the Bajaj Finance FD because of the fact that is has an affordable minimum deposit amount. At just Rs.25,000, you can start investing whenever you want, without needing to save up for a large corpus. You can also split your money into smaller FDs of different tenors to take advantage of laddering.
All these features work toward giving you a wholesome investing experience. When you invest in this FD, you can also opt for a flexible tenor between 12 and 60 months. This allows you to plan ahead and meet financial goals comfortably and without compromise. So, it’s time to stop procrastinating and book your FD online with Bajaj Finance today!