Reasons to invest a salary in a FD Bajaj Finance Online
Update: 06 Jul 2021 14:20 STI
Pune (Maharashtra) [India], July 6 (ANI / NewsView): Saving and investing should be top priorities for working professionals when it comes to budgeting for their income.
With the unprecedented market movements prevailing, savvy investors are constantly looking for safer investment avenues.
Low risk and assured returns should be the two most desirable characteristics given the current scenario. One investment tool that has stood the test of time is the fixed deposit. Term deposits offer the security of returns as well as stable growth in savings.
Reasons to choose Bajaj Finance Online FD
Term deposit plans are offered by post offices, various banks and non-bank financial companies. With so many options available, parking a portion of your income in a financial instrument can be a difficult task. Bajaj Finance is one such financier that not only offers its investors high FD interest rates, but also a series of other benefits.
Here’s why investing in a FD Bajaj Finance can be a smart move.
To earn substantial returns at maturity, you need to invest in a Bajaj Finance Online FD. Senior applicants can benefit from an additional fee of 0.25% on top of the basic fee, while non-seniors can also benefit from a supplement of 0.10% by applying online. With returns of up to 6.75%, you can expect to grow your savings and earn a generous amount at maturity.
Suppose a non-elderly citizen saves Rs. 1 lakh and invests it in FD Bajaj Finance for different tenors. The table below shows how the different durations affect interest earnings and yields to maturity.
Thus, we can look at attractive FD rates, applicable to different tenors. With the assurance of appreciable returns on its deposit, Bajaj Finance Online FD can be a preferred investment tool for individuals looking to easily grow their savings.
Flexible payment option
As part of a non-cumulative fixed deposit, interest payments may be received periodically. This can be done on a monthly, quarterly, semi-annual or annual basis, depending on individual needs. Periodic payment options are particularly useful for seniors who do not have an active source of income after retirement.
Loan against FD
With Bajaj Finance, you can withdraw your fixed deposit prematurely, in an emergency. Bajaj Finance offers an easy loan against FD, where the investor can qualify for a loan against their FD up to 75% of the amount invested. The process of facilitating a loan against FD is undertaken with minimal documentation, prompt processing, and at no additional cost.
Easy online process
One does not have to endure the exhaustion of waiting in long queues, as investments can be made in Bajaj Finance’s online FD plans from the comfort of one’s own home. An additional 0.10% FD interest rate can be achieved by using this end-to-end paperless investment procedure.
To confirm the returns that apply to the type of FD and tenor one has decided to go for, they can visit the Fixed Deposit Calculator page available on the Bajaj Finserv website.
Bajaj Finance Online FD is a haven for investing earnings. This can be verified by the high credit scores it has received from CRISIL (FAAA) and ICRA (MAAA), which are the major credit rating agencies in India.
Bajaj Finance Limited, the loan company of Bajaj Finserv Group, is one of the most diverse NBFCs in the Indian market, serving more than 44 million customers across the country. Based in Pune, the company’s product offering includes sustainable consumer loans, lifestyle finance, digital product finance, personal loans, loans against property, small business loans, home loans, credit cards, two and three wheel loans, commercial / SME loans Loans, securities lending and rural finance which includes gold loans and vehicle refinancing loans as well as fixed deposits. Bajaj Finance Limited is proud to hold the highest FAAA / Stable credit rating for any NBFC in the country today.
To learn more, please visit,www.bajajfinserv.in.
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