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Earn higher FD rates without the hassle of opening a bank account

Customers who choose a secure investment option can deposit a certain amount and receive returns at a set FD interest rate.Premium
Customers who choose a secure investment option can deposit a certain amount and receive returns at a set FD interest rate.

Customers can open a bank account to open a fixed deposit with the bank. However, you can now start investing without opening a bank account. Bajaj Finance offers all customers a completely online process to open a fixed deposit and earn higher returns

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One of the most secure forms of saving is the fixed deposit. The recent repo rate hike is good news for all investors. The fixed deposit rates will likely increase to tame the growing inflation and guarantee a sound liquidity position. The MPC has decided to continue its emphasis on tightening monetary policy in the interim to stimulate growth while maintaining inflation within the target range.

Customers can open a bank account to open a fixed deposit with the bank. However, you can now start investing without opening a bank account. Bajaj Finance offers all customers a completely online process to open a fixed deposit and earn higher returns.

Fixed Deposit

Customers who choose a secure investment option can deposit a certain amount and receive returns at a set FD interest rate. Bajaj Finance Fixed Deposits are independent of market performance, eliminating the "fear element." It provides FD rates up to 7.75% p.a. The FD has several advantages:

  • Highest CRISIL AAA/STABLE and [ICRA]AAA(Stable) ratings
  • Flexible tenor from 12 to 60 months
  • Investments as low as Rs. 15,000
  • Multiple payout options for monthly, quarterly, half-yearly, and yearly income
  • Up to 0.25% higher returns for senior citizens
  • A loan against deposit option that allows for a maximum loan of 75% of the deposit.

To help you understand this better, consider the following tables.

For non-senior citizen investors:

For non-senior citizen investors.
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For non-senior citizen investors.

For senior citizen investors:

For senior citizen investors.
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For senior citizen investors.

Disclaimer: The results above were computed using the Bajaj Finance FD calculator.

How to invest online in a Bajaj Finance Fixed Deposit

To avail of the current FD rates on offer to invest now, follow this easy 5-step guide.

Step 1: Click on 'Invest Online' to visit our fixed deposit form.

Step 2: Enter your mobile number, date of birth and the Pincode of your current location. An OTP will be sent to your mobile number; verify the same to log in.

Step 3:If you are anexisting customer, your details saved with Bajaj Finance will be available for verification. Please confirm if the details are correct or edit to make any changes.

New customers must complete their KYC using their Aadhaar number or upload their KYC documents for their identity and address proof.

Step 4: Select your age, deposit amount, tenor, and payout option.

Step 5: Complete your investment using NetBanking or UPI.

Investing in a Bajaj Finance Fixed Deposit is easy. You can book an FD online or by visiting the Bajaj Finance Fixed Deposit branch.

Offline FD booking

For offline FD booking, download the form from the form centre, fill in your details, submit the same to your nearest branch and make the payment via cheque, RTGS, NEFT or net banking.

Make regular investments with a Systematic Deposit Plan

Although you must deposit at least Rs. 15,000 to open a normal Bajaj Finance FD; there is another option to gain from FDs. You can invest monthly with merely Rs. 5,000 if you choose the Systematic Deposit Plan, and your wealth will increase slowly. As each deposit goes toward forming a new FD at the current rates, this plan enables you to take advantage of the benefit of locking in FD rates at the time of investment.

As each deposit goes toward forming a new FD at the current rates, this plan enables you to take advantage of the benefit of locking in FD rates at the time of investment
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As each deposit goes toward forming a new FD at the current rates, this plan enables you to take advantage of the benefit of locking in FD rates at the time of investment

Special FD interest rates are also available for specific tenors.

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.

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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