Home / Brand Stories / Bajaj Finance Fixed Deposit: Enjoy high FD rates and grow your wealth
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With the recent hikes to the repo rate, many banks, NBFCs, and financial institutions have responded by increasing their FD rates. It is good news for a retail investor looking for a safe and reliable investing avenue. Take this opportunity to book an FD from a leading issuer now and enjoy superior returns over your chosen tenor. Among the many fixed deposit options available, the Bajaj Finance Fixed Deposit is one to consider. Depending on your investor profile, these FD rates on offer go up to 7.75% per annum.

Besides high FD rates, the Bajaj Finance Fixed Deposit also has many features. These include high safety ratings, making it a great choice to earn handsomely and steadily over the next few years. Read how you can grow your wealth with a Bajaj Finance Fixed Deposit.

Pick a lengthy tenor to make the most of compounding interest

The returns on your fixed deposit are compounded, which means you earn returns on already accumulated earnings. However, you can truly make the most of this benefit when you opt for a longer tenor. The longer you invest, the more you earn on your principal and your payouts from FD rates. Moreover, FD rates are also affected by the tenor you select for your fixed deposit. Generally, a lengthier tenor results in higher FD rates and offers higher returns.

Here is a table to give you an idea about the variation in your returns on an Rs. 5,00,000 fixed deposit with changes in the tenor as a non-senior citizen investor.

Variation in returns on an Rs. 5,00,000 fixed deposit with changes in the tenor as a non-senior citizen investor.
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Variation in returns on an Rs. 5,00,000 fixed deposit with changes in the tenor as a non-senior citizen investor.

Disclaimer: Results calculated using the Bajaj Finance FD Calculator

Invest a large sum and enjoy complete safety all through

The Bajaj Finance Fixed Deposit has the highest safety ratings by CRISIL and ICRA. When you invest in a Bajaj Finance FD, you can keep your hard-earned money safe and secure while you earn better returns. The credibility of this investment instrument is even more critical if you plan to invest a more significant sum. Investing a higher amount in a fixed deposit helps you build a financially secure future by offering you higher earnings.

Ladder your investments easily based on your goals

Laddering your investment in a fixed deposit means making multiple investments for varying tenors. Each fixed deposit you create will have a different maturity amount and be available to you at other times. You can use these to meet varied goals with different timelines. For instance, you may plan to pay your child’s college fees in 5 years and buy a vehicle in 2 years. For this purpose, you can start 2 FDs that mature at the appropriate time. Use a fixed deposit calculator to get an estimate of your earnings. On this basis, you can plan when and how much you want to invest for each goal.

Invest as a senior citizen

Leading banks, NBFCs, and financial institutions offer higher FD rates for senior citizen

investors. The Bajaj Finance Fixed Deposit also has this feature, offering you additional FD rates of up to 0.25% p.a. This means that instead of 7.50% p.a., you can earn 7.75% p.a. as a senior citizen investor.

Here is a table for an investment of Rs. 3,00,000 that shows how the increase in the FD rates affects your returns based on your profile:

How the increase in the FD rates affects your returns based on your profile.
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How the increase in the FD rates affects your returns based on your profile.

Disclaimer: Results calculated using the Bajaj Finance FD Calculator

Opt for the Systematic Deposit Plan

The Bajaj Finance Fixed Deposit also comes with a Systematic Deposit Plan (SDP) feature. Instead of making a lump sum investment, it allows you to make periodic investments in FDs. Each FD you start will earn returns based on the current FD rates. It enables you to ensure that you begin growing your wealth without straining your finances. With the Bajaj Finance SDP, you can start investing at as little as Rs. 5,000 monthly.

Apart from the above, 100%, online provisions are another beneficial aspect of the Bajaj Finance Fixed Deposit. You can start your investment in just a few simple steps and save yourself from visiting the branch, standing in queues, and submitting many documents. Invest online and enjoy lucrative returns to grow your wealth comfortably.

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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