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Bajaj Finance Fixed Deposit: Choose the special tenure and get a better FD rate

Bajaj Finance offers a special tenure, wherein you can enjoy FD rates going up to 7.75% p.a. and grow your wealth steadily.Premium
Bajaj Finance offers a special tenure, wherein you can enjoy FD rates going up to 7.75% p.a. and grow your wealth steadily.

This FD rate is exclusively available for this tenure offering, and any investor can avail of this benefit. Over time, this perk can lead to sizable returns, allowing you to meet your financial goals easily. Read on to know more about the special tenure and other features on offer

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The current FD rates are at the highest in the past few years, which point toward opportunity. For the retail investor, now may be a good time to invest in a fixed deposit as the RBI has increased the repo rate consecutively and considerably. The FD rate offered by leading issuers is worth noting, as you can book your fixed deposit now and enjoy the benefits for years to come. One great example is the Bajaj Finance Fixed Deposit, wherein you get generous FD rates for all investor profiles.

What is more, Bajaj Finance offers a special tenure, wherein you can enjoy FD rates going up to 7.75% p.a. and grow your wealth steadily. This FD rate is exclusively available for this tenure offering, and any investor can avail of this benefit. Over time, this perk can lead to sizable returns, allowing you to meet your financial goals easily.

Read on to know more about the special tenure and other features on offer.

Returns on the special tenure option on the Bajaj Finance Fixed Deposit

You can invest in the Bajaj Finance Fixed Deposit at a flexible tenure that can range between 12-60 months. However, specific tenure options do give you access to an exclusive FD rate. This benefit is available to all investors and can significantly increase your returns as the current FD rates start at 6.35% p.a. and go up to 7.40% p.a. for non-senior-citizen investors. However, by choosing a special tenure on a cumulative fixed deposit, you can get up to 7.50% p.a., depending on your chosen tenure.

To offer more clarity, here is a table with the returns you can expect on an investment of Rs. 3,00,000 in a Bajaj Finance FD across the different special tenure options:

Table with returns you can expect on an investment of Rs. 3,00,000 in a Bajaj Finance FD across different special tenure options.
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Table with returns you can expect on an investment of Rs. 3,00,000 in a Bajaj Finance FD across different special tenure options.

Adding to this benefit, senior citizen investors also enjoy this perk and can get up to 7.75% p.a. Here is an example of the returns you can expect as a senior citizen investor with an investment of Rs. 3,00,000 and across a range of special tenure options:

Example of returns one can expect as a senior citizen investor with an investment of Rs. 3,00,000 across a range of special tenure options.
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Example of returns one can expect as a senior citizen investor with an investment of Rs. 3,00,000 across a range of special tenure options.

Disclaimer: All results mentioned have been computed using the Bajaj Finance Fixed Deposit Calculator.

Other notable features of the Bajaj Finance Fixed Deposit

  • Multiple pay out options to plan your finances

With a Bajaj Finance Fixed Deposit, you can opt for either a cumulative FD or a non-cumulative FD. The former grants access to returns only at maturity, and the corpus grows steadily through the power of compounding. 

With the latter, your returns are paid to you in periodic intervals. These intervals can be monthly, quarterly, half-yearly, or yearly. Non-cumulative FD is the option to go for if you are looking for a steady income source. Remember that the FD rate for non-cumulative fixed deposits is generally lower than the FD rate offered on a cumulative fixed deposit. 

  • Avail a loan against FD to meet urgent needs

The Bajaj Finance Fixed Deposit allows you to avail a loan against your FD at nominal interest rates. It saves you from prematurely withdrawing, which can also come with a penalty. If you have a cumulative Bajaj Finance FD, you can get a loan for up to 60% of the FD value and 75% in case of a non-cumulative fixed deposit. 

  • Minimal starting investment to make investment affordable

Most banks, NBFCs, and other financial institutions have a high minimum FD amount, often requiring you to gather a large sum to invest. With the Bajaj Finance Fixed Deposit, you can start your investment with as much as Rs. 15,000 and begin growing your wealth.

Considering all these factors, it is clear that the Bajaj Finance Fixed Deposit is a wise choice. It has the highest [ICRA]AAA(Stable) and CRISIL AAA/STABLE credit. It means that your money is safe, and you can rely on the issuer to ensure timely payouts. So, invest online today and optimise your investment by picking a special tenure for maximum returns.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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