Make a smart investment choice this Gudi Padwa with Bajaj Finance fixed deposit

As the new fiscal year approaches, it’s the perfect time to review your investments and set new annual financial goals. Every investment portfolio should incorporate a secure, risk-mitigating investment alternative in addition to high-yielding market-linked tools. With the plethora of investment options available in the market, choosing one can be a daunting task. You should consider your risk appetite, financial goals, liquidity needs, security of the investment instrument, etc.

A fixed deposit is a smart investment option that is unaffected by market volatility, helping you grow your savings with minimal risk. Bajaj Finance Fixed Deposit is a solid investment instrument that offers safe and generous returns on deposits.

With Bajaj Finance Fixed Deposit, you can enjoy the dual benefits of high FD rates and deposit security.

Here are five reasons why you should consider investing in a Bajaj Finance Online FD:

1. Lucrative FD Interest Rates

Choosing an FD with high interest rates is a primary criterion for investing. In India, RBI regulations affect FD interest rates. However, the same is not true for Bajaj Finance Limited as it is an NBFC. Thus, Bajaj Finance Limited offers a profitable interest rate of up to 7.05% per annum with flexible term and payment options.

For an estimate of the potential gains, here is an overview of these examples.

1. Citizens under the age of 60 investing in a Bajaj Finance Online FD

2. Elderly person investing in an online FD Bajaj Finance

2. Loan versus FD facility

Unfortunate emergencies that warrant a free flow of cash can arise suddenly. To finance them, you must have a contingency amount. However, even if you have invested in the surplus, you should be able to use your money when you need it most. Bajaj Finance FD offers loan against FD facility where you can easily avail loan up to 75% of your FD value.

2. Flexible term and payment options

With Bajaj Finance Fixed Deposit, you have the freedom to choose the investment term and payment frequency, making it a flexible investment option. By selecting the non-cumulative fixed deposit, you can obtain payments on a monthly, quarterly, semi-annual or annual basis, depending on your choice.

3. The easy online application process

Through a simple online application process, you can book an FD with Bajaj Finance Fixed Deposit from the comfort of your home. Simply provide your KYC details and book an FD without worrying about long queues, cumbersome documentation and physical visits to branches.

4. Deposit Security

Bajaj Finance FD has been accredited with the highest security ratings of (FAAA) and (MAAA) by CRISIL and ICRA, respectively, India’s leading credit rating agencies. Therefore, one can easily invest in a Bajaj Finance online fixed deposit without worrying about returns, defaults or untimely interest payments.

About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of Bajaj Finserv Group, is one of the most diversified NBFCs in the Indian market, serving over 44 million customers across the country. Based in Pune, the Company’s product offering includes consumer sustainable loans, lifestyle finance, digital product finance, personal loans, home loans, small business loans, home loans , credit cards, two- and three-wheeler loans, business/SME loans. Loans, securities lending and rural finance which includes gold loans and vehicle refinance loans as well as term deposits. Bajaj Finance Limited is proud to hold the highest FAAA/Stable credit rating for any NBFC in the country today.

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Posted: Saturday, April 02, 2022, 10:16 a.m. IST