5 reasons to invest in the stable Bajaj Finance FD3 min read . Updated: 10 Dec 2019, 02:35 PM IST
- Keep your worries at bay because wealth generation has never been so easy
With a plethora of investment options available to you today, identifying one that balances out your portfolio and matches your risk appetite can be tricky. Thankfully, age-old favourites like the fixed deposit offer a stable environment and serve as a viable option for wealth generation.
For example, with a Bajaj Finance Fixed Deposit you not only get access to market-leading FD interest rates, but also benefit from guaranteed returns as the deposit carries top stability ratings. In fact, Bajaj Finance is the only NBFC to have 0 unclaimed deposits. Further, this FD programme witnessed a YoY growth of 60% and has a book size of Rs.17,633 crore.
So, to better understand the value in this safe offering, take a look at the 5 reasons why you should invest in a Bajaj Finance Fixed Deposit.
Get guaranteed returns with high credibility and stability ratings
A key reason to invest in this FD is the fact that you’re getting guaranteed returns. Bajaj Finance is the only NBFC to have been assigned the long-term issuer credit rating ‘BBB-’ with a stable outlook, and short-term issuer credit rating of ‘A-3’ by S&P Global. These, in combination, with ICRA’s MAAA and CRISIL’s FAAA ratings indicate that this FD is an extremely stable and safe avenue to invest in.
This is vital when investing large amounts of money over extended periods of time as any defaults can result in hefty losses. Thankfully with Bajaj Finance’s vouched-for track record, you can invest freely knowing you will earn the returns promised.
Take advantage of current FD interest rates to rake in earnings
After 5 successive repo rate cuts by the RBI, and another one expected in the first week of December 2019, securing fixed deposit rates now may be the best option for you. This is especially the case as certain economists predict a net 25-50bps cut by March 2020. So, investing with Bajaj Finance FD now, would allow you to couple safety with generous yields.
To help you understand your potential earnings when you invest in this FD, consider the following example.
To compute these values for yourself and invest effectively, use the online FD calculator. This minimises errors and gives you an accurate figure of what you can expect to earn.
Choose to auto-renew and gain high returns
When you start a Bajaj Finance FD account, you also benefit from the Auto Renewal feature. This way, when your investment matures, you can reinvest it entirely or partly without needing to fill any additional forms or intervene. This allows you to benefit from a rewarding and stable environment for longer without interruptions and even benefit from the FD renewal bonus upon reinvesting. Currently, the bonus rate is an additional 0.10% on the base rate.
Ladder your investments efficiently with the Multi Deposit facility
In addition to other value-added features, you can also opt for the Multi Deposit facility. This allows you to invest in several FDs using one cheque only. The upside of doing this is that you can invest in FDs that mature at different tenors and enjoy liquidity all through a given timeframe. This way you don’t have to compromise on liquidity to enjoy safety.
Get a loan against your FD for an amount up to Rs.4 lakh
In case of any emergencies that demand a hefty sum of cash, you can take a loan against your FD and get approved for a sanction of up to Rs.4 lakh. This way, you don’t need to prematurely withdraw your investment, saving you from paying a penalty and from interrupting your investment.
As you’ll notice, besides stability and interest gains, this FD also grants access to a range of value-added features. These can come in handy when you’re in a pinch and can even aid your wealth-creation efforts. Further, with the minimum deposit amount being just Rs. 25,000, you can start investing at the earliest without having to wait to gather a larger corpus. All you have to do to is online FD application and authorize an executive to contact you with further details.
Disclaimer: This is a company press release. No HT journalist was involved in the creation of this content.