When it comes to investing, safety and reliability are the best ways to grow your money. That’s why a fixed deposit (FD) is often a smart investment option for fixed-income investors looking to earn stable and guaranteed returns.
Bajaj Finance, a leading NBFC in India, offers high-interest rate FDs that are exceptionally safe and hold the highest safety ratings of AAA/Stable given by CRISIL and ICRA. With a solid reputation for being dependable and customer-focused, Bajaj Finance FDs ensure that your money not only stays safe but also grows steadily.
Let’s see how you can grow your money securely through Bajaj Finserv FDs and check out the latest fixed deposit interest rates.
What A Fixed Deposit (FD) is and How It Works
A fixed deposit is an investment vehicle where you park a lump sum with a bank or NBFC, such as Bajaj Finance, for a specified period. During this period, your money earns interest at a predetermined rate. The key benefit of an FD is that it provides a guaranteed return on your investment. This key feature makes it a safe and predictable way to grow your savings.
This is how a fixed deposit works:
- You choose an amount to invest.
- You select a tenure, which is the length of time you want to keep your money in the FD. This can range from a few days to several years.
- The bank or financial institution locks in your money for the chosen tenure and pays you interest at a fixed rate.
- At the end of the tenure, you receive your original investment plus the interest earned.
Now, when you invest in Bajaj Finance FDs, you get the added benefit of high safety ratings and flexible tenures. Bajaj Finance offers one of the highest fixed deposit interest rates in the market, which go up to 8.65% p.a. Plus, you can choose a tenure that suits your needs, ranging from 12 to 60 months.
Why Choose Bajaj Finance Fixed Deposits
Bajaj Finance FDs are a secure option for earning assured returns on your investment. Trusted by over 5 lakh customers and with over Rs. 50,000 crore in fixed deposits booked, Bajaj Finance manages over 1.4 million deposits. These FDs offer several advantages to investors; let’s check them out:
- High Returns
Bajaj Finance offers competitive fixed deposit interest rates of up to 8.65% per annum. This way, you can earn more on your savings than many other investment options. Moreover, senior citizens get an extra interest rate of up to 0.40% per annum.
- Safety and Security
Investing with Bajaj Finance is highly secure. Their FDs have the highest safety ratings of AAA/Stable from CRISIL and ICRA. This represents negligible default risk and ensures your money remains safe.
- Flexible Tenures
Bajaj Finance provides flexible tenure options ranging from 12 to 60 months. This allows you to choose the duration that best fits your financial goals. Additionally, special tenures of 18, 22, 33, 42, and 44 months offer higher returns.
- Flexible Payout Options
Bajaj Finance also offers flexible interest payout options to suit your needs. You can choose to receive your interest payments monthly, quarterly, half-yearly, annually, or at maturity. This flexibility allows you to manage your cash flow as per your unique needs. Also, such a timely receipt of interest ensures that you have access to your earnings when you need them most.
- Easy To Start Your Investment
With Bajaj Finance, you can book an FD of an amount as low as Rs. 15,000. Such a low investment amount makes it easy for anyone to grow their savings. Also, the process is entirely digital and can be completed through the Bajaj Finserv website or mobile application.
How To Invest In Bajaj Finance Fixed Deposits
To book an FD with Bajaj Finance, investors can follow these simple steps:
- Visit the Bajaj Finserv website and click ‘OPEN FD’ to access the online application form.
- Enter your 10-digit mobile number and verify the OTP (one-time password) sent to your phone for security.
- Enter the amount you wish to invest and select your tenure
- Choose your interest payout option to define how often you want to receive interest payouts.
- Next, provide your PAN card number and date of birth.
- Now, you will be prompted to complete your KYC:
- If you are already a customer, review and confirm your details
- However, if you are a new customer, you need to complete your KYC using Aadhaar for verification
- After completing KYC, a declaration will be displayed. Read it carefully and agree to the terms and conditions.
- Enter your bank details and proceed with the payment.
- Complete your investment by paying through UPI, net banking, or NEFT/RTGS.
Once your fixed deposit is confirmed, you will receive a Fixed Deposit Acknowledgement (FDA) on your registered email and as a link on your mobile number. An Electronic Fixed Deposit Receipt (e-FDR) will also be emailed to you within 3 working days, provided all documents are correct.
By investing in Bajaj Finance FDs, you can securely grow your money by earning guaranteed returns. With high fixed deposit interest rates of up to 8.65% p.a. and flexible tenure options ranging from 12 to 60 months, you can choose an FD that best suits your financial goals. Also, Bajaj Finance FDs come with the highest safety ratings of AAA/Stable from CRISIL and ICRA, which ensures negligible default risk.
Moreover, you can start investing with as little as Rs. 15,000 and initiate the process online. You can choose various payout options and even opt for cumulative FDs to maximise your returns through the power of compounding.
*Terms and conditions apply.
