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Monday, July, 4, 2022

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Grow your Savings with High FD Rates by Investing in a Bajaj Finance FD
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There are many ways to grow one’s wealth, and investing money is arguably the best approach. With a proper plan and a diversified portfolio, one can steadily generate wealth for years to come. However, this requires investors to choose instruments that can reliably earn returns. One such investment is the fixed deposit, a trusted tool for many investors. Even in an economic downturn, an FD can safely grow one’s wealth from the right issuer.
 

Grow your savings with high FD rates by investing in a Bajaj Finance FD

 

To identify the best FD in the market and maximise one’s interest earnings, look at some of the top-performing FDs.

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High FD interest rates

There are several good options to select from while investing in a fixed deposit. Leading financial institutions include banks, NBFCs, and India post. The post office FD is a viable option, as it offers a great rate. It has a range of features. It is easy to avail but isn’t accessible to NRI investors.

 

However, before finalising an FD, one should compare offers in the market. Investors should look for one with a high-interest rate for maximum earnings over a given investment window.
 

To get an idea of the potential earnings, take a look at these examples.

 
  1. Citizen aged below 60 investing in a Bajaj Finance online FD

Deposit amount

Tenor

Interest rate

Interest earnings (in Rs.)

Total (in Rs.)

Rs. 5 lakh

12

5.65%

28,250

5,28,250

Rs. 3 lakh

36

6.80%

65,456

3,65,456

Rs. 2 lakh

60

6.80%

77,898

2,77,898

 

2. Senior citizen investing in a Bajaj Finance online FD

Deposit amount

Tenor

Interest rate

Interest earnings (in Rs.)

Total (in Rs.)

Rs. 5 lakh

12

5.90%

29,500

5,29,500

Rs. 3 lakh

36

7.05%

68,028

3,68,028

Rs. 2 lakh

60

7.05%

81,166

2,81,166

 

Bajaj Finance Fixed Deposit stands out for having high FD interest rates along with the safety of the deposit, making it a worthwhile option to consider. What’s more, one gets access to other investment benefits when choosing this FD. Look at the following pointers for a better idea of the features on offer.

 

Easily accessible instrument for all investor types

A key benefit of this FD is that any investor can invest their money. This includes citizens aged below 60, senior citizens, and NRI investors. As such, one can comfortably park their funds and diversify their portfolio with this instrument, even if they do not reside in India.

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Flexible tenor options to suit a range of investing goals

One’s financial goals must align with their investment to leverage their finances in the best possible manner. This is where the flexible tenor of up to 60 months offered by Bajaj Finance comes into play. With proper planning, one can invest optimally to meet their financial obligations.

 

What’s more, digital tools like the FD calculator make forecasting their earnings quick and straightforward. This means that one can plan with certainty and invest accordingly, knowing that they will get returns at maturity. Meet almost any short-or long-term goals, whether funding a vacation, buying a new car, or expanding a business with this FD.

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Hassle-free loan against FD during emergencies

Besides providing an avenue to augment wealth, Bajaj Finance also benefits liquidity. If one needs urgent funds, they can access a loan against their FD within minutes. They can get up to 75% of the deposit value as a loan and address their need for urgent funds. Alternatively, investors can prematurely withdraw their FD. They can do this at any time after the 3-month lock-in period.

 

After careful consideration of the factors mentioned above, it is safe to say that Bajaj Finance online FD offers excellent value to investors while also guaranteeing their money’s safety. Consider investing in a Bajaj Finance online FD to reap the benefits of early planning and adequate savings.

 

About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of the Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market, catering to more than 44 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

 

To know more, please visit www.bajajfinserv.in.

Disclaimer: This Press Release has not been vetted or endorsed by The Eastern Herald's editorial staff.
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