For many investment options, market volatility affects the returns, but this is not the case with fixed deposits. FD interest rates are fixed, making it an excellent choice for investors to inject stability into their portfolios. These rates are crucial in deciding where to invest, and investors have several issuers to choose from. But when it comes down to maximising returns, company FDs are the ideal choice. It is because they offer higher interest rates as compared to banks. Moreover, FD rates in India have been rising in the last few months, and the Bajaj Finance Fixed Deposit is among the options with some of the best FD interest rates.
However, other than the FD interest rates, investors should also consider the features on offer. Modern issuers now leverage fintech to optimise accessibility and make investing easier. As such, scouting for such perks adds value to the experience. Bajaj Finance extends such benefits to investors, and here is a quick overview of the top features.
Generous FD interest rates
Investing in fixed deposits with high-interest rates helps generate wealth while combating inflation. Bajaj Finance offers interest rates up to 7.35% p.a. depending upon the investor profile and tenor. While the rate varies with tenor, investors need to invest for 44 months to get the highest rate on offer. It makes the FD an intelligent choice for a range of financial goals, whether short or long term.
Consider the following example for investors looking to understand better the potential earnings one can earn with this FD.
Here is the Fixed Deposit Annualized rate of interest for deposits up to Rs. 5 crore
Investors below 60 years of age:
Period
Cumulative
Non-Cumulative
At Maturity
(% p.a.)
Monthly
(% p.a.)
Quarterly
(% p.a.)
Half Yearly
(% p.a.)
Annual
(% p.a.)
15 months
6.00
5.84
5.87
5.91
6.00
18 months
6.10
5.94
5.97
6.01
6.10
22 months
6.25
6.08
6.11
6.16
6.25
30 months
6.50
6.31
6.35
6.40
6.50
33 months
6.65
6.46
6.49
6.54
6.65
44 months
7.10
6.88
6.92
6.98
7.10
Senior citizens:
Period
Cumulative
Non-Cumulative
At Maturity
(% p.a.)
Monthly
(% p.a.)
Quarterly
(% p.a.)
Half Yearly
(% p.a.)
Annual
(% p.a.)
15 months
6.25
6.08
6.11
6.16
6.25
18 months
6.35
6.17
6.20
6.25
6.35
22 months
6.50
6.31
6.35
6.40
6.50
30 months
6.75
6.55
6.59
6.64
6.75
33 months
6.90.
6.69
6.73
6.79
6.90
44 months
7.35
7.11
7.16
7.22
7.35
Flexible tenor options
A flexible tenor is crucial for investors looking to align their investments with their financial goals. Even if one is looking to enjoy the benefits of a liquid asset, having a flexible tenor helps. Bajaj Finance allows investors to choose a tenor between 12 and 60 months, offering competitive FD interest rates across all options. This way, investors never compromise on earnings when adjusting their investing timeline to match their objectives.
For non-senior citizens, the interest offered at a flexible tenor is:
Period (except table 2)
Cumulative
Non-Cumulative
At Maturity
(% p.a.)
Monthly
(% p.a.)
Quarterly
(% p.a.)
Half Yearly
(% p.a.)
Annual
(% p.a.)
12 – 23 months
5.75
5.60
5.63
5.67
5.75
24 – 35 months
6.40
6.22
6.25
6.30
6.40
36 – 60 months
6.90
6.69
6.73
6.79
6.90
For senior citizens, the interest offered at a flexible tenor is:
Period
Cumulative
Non-Cumulative
At Maturity
(% p.a.)
Monthly
(% p.a.)
Quarterly
(% p.a.)
Half Yearly
(% p.a.)
Annual
(% p.a.)
12 – 23 months
6.00
5.84
5.87
5.91
6.00
24 – 35 months
6.65
6.46
6.49
6.54
6.65
36 – 60 months
7.15
6.93
6.97
7.03
7.15
Easy online application and tracking
The digitalisation of financial services, including investing, has made it much easier to access these services. With Bajaj Finance, investors can now start their investment online and time-efficiently. Investors no longer need to go to a physical branch and can complete payments online via UPI or net banking.
Besides easy accessibility, Bajaj Finance also allows investors to track their investments online. Investors can log on and keep tabs on growth and earnings through the Experia customer portal. There’s no need to visit a branch to get this information physically. What’s more, the online portal has other features too. Investors can raise a request, check special offers, and manage their active relations with Bajaj Finance. All these services are easily accessible on the platform, and investors can download the app for a more intuitive experience.
Low minimum deposit amount
The minimum amount to book a Bajaj Finance is Rs. 25,000. It is beneficial as investors no longer have to amass a large sum before investing. Accumulating a hefty sum can sometimes be a barrier to investing, and a low minimum amount solves this problem. It is also ideal for young earners or first-time investors looking to get started.
Credible and safe investment option
The Bajaj Finance Fixed Deposit has high credibility and stability ratings, ‘MAAA’ and ‘FAAA’ issued by ICRA and CRISIL, respectively. These are the top rating agencies in India, and investors can trust these when assessing their stability. The ratings indicate that the FD is a secured option, and one can expect timely interest payouts and virtually zero risk of default.
Bajaj Finance is among the top issuers and has made it easy for investors to start their journey digitally. Tools such as the digital FD calculator are helpful provisions that investors can access to plan and invest seamlessly. The calculator automatically computes and displays accurate results by entering the correct values and choosing the right investor profile. It is crucial for effective planning and successful investing.
Bajaj Finance has some of the best FD rates in India for seasoned, senior, or first-time investors, and this instrument adds value to any portfolio mix. Investors can invest online in just a few clicks and start earning steadily and securely in a few minutes.
