Invest now in a Bajaj Finance FD to lock in FD rates of up to 8.20% p.a.
3 min read 24 Apr 2023, 05:15 PM ISTRead on to know more about why investing now in a Bajaj Finance FD can help investors grow their wealth
PremiumInvesting one’s hard-earned money in a sound financial that offers sizeable returns is a smart way forward towards securing a healthy financial future. Apart from choosing the right tool based on risk appetite and financial goals investing at the right time is also crucial. Since a plethora of investment instruments is market-linked, timing plays a vital role in determining returns. One might think the timing is not of key importance when it comes to fixed-income instruments like a fixed deposit. However, even though the FD rates on these tools are predetermined and fixed throughout the tenure choosing to invest when the repo rates are hiked can benefit the investor. In this case, the investor can enjoy higher FD rates.
When it comes to highFD interest rates, Bajaj Finance is one NBFC that surfaces. Bajaj Finance FD gives one the dual advantage of the utmost safety of funds as well as impressive FD rates, which are one of the highest in the current FD market.
Read on to know more about why investing now in a Bajaj Finance FD can help investors grow their wealth.
Attractive FD rates
FD interest rates are directly proportional to the returns the investor makes at maturity. Higher FD rates result in handsome returns, which can help in generating long-term wealth. Bajaj Finance FD offers one of the best FD rates in the market. Investors can get up to 8.20% p.a. on their investments. Senior citizen investors get included rate benefits of up to 0.25% p.a. on their deposits. To estimate the yield at maturity, investors can use the online Bajaj Financeonline FD calculator. This can also help in determining the initial deposit amount to get the desired result at maturity.
Here is a tabular representation presenting the ongoing FD rates and the returns one can make on Rs. 5 lakh during various tenures with Bajaj Finance FD.
As one can see, longer tenures yield higher returns. Hence it is advised, basis one’s liquidity requirements and financial goals, choosing a longer tenure can be more beneficial when it comes to investing in an FD.
Periodic payout option
If any investor has specific liquidity requirements that are recurring in nature, they can always opt for the non-cumulative FD. This enables one to get payouts at chosen periods like monthly, quarterly, half-yearly and annually. This feature is extremely useful for senior citizens with a retirement fund looking to finance their regular needs. Bajaj Finance FD offers periodic payout options.
Loan against FD facility
This is another feature that comes in handy, especially when in need of urgent funds that come unannounced. Most individuals would liquidate their investments or eat into their savings to fulfil these requirements. However, with Bajaj Finance all one needs to do is apply for a loan against their FD. This facility gives one up to 75% of their FD amount credited to the bank account for use, which can be repaid later at ease.
Online application and management
Since almost everything is moved digitally, there is no need to wait in long queues to submit lengthy documentation anymore. With Bajaj Finance, investors can choose to invest from anywhere at any time within just a few minutes through their phones. Investors can also manage their accounts online in a hassle-free manner.
Apart from these benefits, Bajaj Finance FD has been rated as one of the safest investment instruments by ICRA and CRISIL. They have been accredited with CRISIL AAA/STABLE and [ICRA]AAA(Stable). This makes the Bajaj Finance FD a perfect tool to invest in for assured returns. So, why wait around? Invest now in a Bajaj Finance FD to lock in high FD rates.
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