How to secure your future with high special FD rates from Bajaj Finance
Pune, Maharashtra, India (NewsSee)
In response to the recent 50 basis point rise in the repo rate, issuers are now offering higher FD rates. This presents a great opportunity for investors like you to secure your future. After all, FD rates have a direct correlation to the income you accumulate over the life of the investment. High FD rates mean you get a bigger payout when it comes due, and you can easily predict your increased earnings using an FD calculator.
Good returns aren’t the only way fixed deposits help you ensure your financial well-being. Since an FD is a low risk instrument, it diversifies your portfolio. This helps to adjust the risk levels of your overall investments and ensures stable income.
Today, a multitude of options are available to you and allow you to begin to grow your wealth. Among these is Bajaj Finance fixed deposit with FD rates of up to 7.75% per annum. To learn more about how you can secure your future with a Bajaj Finance fixed deposit, read on.
Flexible investment term to capitalize on high FD rates
While rising FD rates will impact your earnings, so will the duration of your investment. A long duration of your fixed deposit means you invest longer to take advantage of the power of compounding returns. Here, your interest payment is added to your total corpus, allowing you to earn more. Additionally, issuers like Bajaj Finance offer higher FD rates on longer terms.
You can invest in a Bajaj Finance fixed deposit from 1 to 5 years. The FD rates you receive depend on the maturity schedule you choose and vary accordingly. This means you earn more when you book an FD for 22 months instead of 12 months, and so on. By choosing the longest tenure that matches your goals – whether it’s vacation, educational need, or purchasing an asset – you can enjoy high FD rates and increase your assets easily.
Plus, you get even higher FD rates as a senior. Bajaj Finance offers seniors a rate advantage of 0.25% pa To predict your returns based on investment period and client profile, simply use the online FD calculator on the Bajaj Finance website or app.
Below are tables that outline your returns on an investment of Rs. 7 lakh for various tenures.
FD returns for a senior investor
Duration (in months)
FD rate (in pa)
2 20 368
FD returns for an investor under 60
Duration (in months)
FD rate (in pa)
Availability of emergency loan in case of deficit
Typically, you can think of making a premature withdrawal of your fixed deposit during an emergency cash crisis. While this may help you meet your needs, it may put your future at risk. Not only do you lose any winnings applicable to the amount withdrawn, but you also have to pay a penalty. Instead, you can avail a loan against your Bajaj Finance FD.
If it is a cumulative deposit, you can get up to 60% of the FD value as a loan. In the case of non-cumulative deposits, this figure can go up to 75% of the FD value. This way, you can meet your needs without paying a penalty or losing the returns of high FD rates.
Safety and security assured with the highest ratings from CRISIL and ICRA
Bajaj Finance fixed deposit has the highest security ratings, CRISIL AAA/STABLE and [ICRA]AAA(Stable). This feature is especially important in a volatile economy where market fluctuations can cause your capital to be lost. With Bajaj Finance Fixed Deposit, however, you can invest securely and receive your payment and initial investment on time.
Systematic deposit plan for consistent and convenient investments
Bajaj Finance Fixed Deposit also comes with an SDP plan in which you make monthly FD investments starting from just Rs. 5,000. significant savings. The process of opting for an SDP is as simple as investing in a regular fixed deposit. The applicable FD rates here are based on current market rates each month. With proper planning using the FD Calculator, you can earn the returns needed to enjoy financial stability in your future with SDPs.
With all these benefits of Bajaj Finance FD, you can secure tomorrow while keeping today in mind! Enjoy a simple, fast and easy online investment process and don’t forget to use the FD Calculator to plan your investment. Invest online today to grow your wealth with high FD rates.
(Disclaimer: The above press release is provided to you under an agreement with Newsvoir and PTI takes no editorial responsibility for it.). PTI PWR