Bajaj Finance: Where Trust Meets High-Interest Earnings in Digital FD Investments.
Fixed Deposit (FD) is a type of investment instrument offered by banks and financial institutions that allows people to invest their money for a fixed period and earn a fixed interest rate. An FD is considered to be a low-risk investment option that provides investors with a guaranteed return, and it is one of the most popular investment options in India.
The benefits of investing in FD are many, and here are some of the most prominent ones:
Guaranteed Returns:
The primary benefit of investing in FD is the guaranteed return it offers. The interest rate on FDs is fixed for the entire tenure, and the investor can calculate their expected returns beforehand.
This makes it easier for investors to plan their finances and achieve their financial goals.
Low risk:
FDs are considered to be a low-risk investment option as the capital invested is not exposed to market risks. Unlike stock investments, which are highly volatile and can yield unpredictable returns, FD investment returns are stable and predictable.
Easy to implement:
One of the main benefits of FDs is the ease of implementation. Investing in FDs requires minimal documentation and can be done in a matter of minutes. One can invest in FDs online or by visiting a bank branch.
Flexible Tenure:
FDs offer flexible tenure options, ranging from a few days to several years. This allows investors to choose an investment period that best fits their financial goals. Investors can choose to reinvest the interest earned or withdraw it at maturity.
Tax Savings:
Investing in FDs can also offer tax savings for individuals. FDs with a five-year tenure or more are eligible for tax deductions under Section 80C of the Income Tax Act. The interest earned on an FD is also taxable as per the individual’s tax slab.
Loan Facility:
Many banks and financial institutions offer loans against FD, which makes it easier for investors to get credit at a lower interest rate. This makes FDs an ideal investment option for people who need to borrow money at low interest rates.
Investing in a Fixed Deposit (FD) is a popular form of investment in India and for a good reason. It offers a safe and secure option for individuals to invest their savings and earn interest on it. As a result, banks and non-banking financial institutions (NBFCs) compete to offer the best FD account interest rate for customers. One such institution that has gained popularity in recent times is Bajaj Finance Limited, a subsidiary of the Bajaj Finserv group. Their high-interest-earning FDs have made them a go-to option for individuals looking to invest.
Bajaj Finance offers customers a hassle-free way of investing in FDs through their online portal or Bajaj Finserv app. They have a range of options to choose from, catering to different needs. Their FD durations range from 12 to 60 months, with interest rates up to 8.85%. p.a.
One of the major reasons Bajaj Finance has gained trust among customers is its safety and reliability. Bajaj Finance is a AAA-rated company, that ensures customer investments are safe and secure. In addition to this, the company has a strong financial track record, with a net worth of ₹21,700 crore as of March 2021. This displays the stability and resilience of the company and instils trust in its customers.
Bajaj Finance’s digital FD option further enhances the ease of investments. With their online portal or the Bajaj Finserv app, investments can be made from the comfort of one’s home. Customers can choose the tenure and deposit amount as per their preference and start earning interest immediately. This provides a hassle-free investment option without any documentation, making it an attractive option for individuals who have time constraints or are not comfortable visiting a bank branch.
Bajaj Finance offers a range of FD options to cater to customers’ specific needs. For instance, they have the “Systematic Deposit Plan (SDP),” which allows individuals to invest small amounts at regular intervals and earn high interest rates. This option provides customers with the flexibility to invest according to their convenience.
Bajaj Finance’s FD also has the option of taking a loan against the FD at an attractive interest rate. This feature is especially useful in times of financial emergency, where one may require immediate funds. With Bajaj Finance’s FD, customers can avail 75% of the deposit amount as a loan at an interest rate of 2% above the FD rate.
Another unique feature of Bajaj Finance’s FD is the Auto-Renewal option. This feature allows customers to renew their FD automatically on maturity, ensuring that they do not lose out on high-interest earnings due to their oversight. This feature has been introduced to provide ease of operation and a hassle-free experience to the customers.
In addition to the above features, Bajaj Finance’s FD has an easy and transparent process for premature withdrawal. Customers can withdraw their deposit before maturity with the payment of a nominal penalty fee. This adds an extra layer of assurance to customers, knowing that their money is easily accessible in times of emergency.
Bajaj Finance is a customer-centric company, focusing on customer satisfaction and ease of operations. Their customer service team ensures that every customer’s queries are addressed promptly and effectively, making it a trusted option among its customers.
In conclusion, Bajaj Finance offers a reliable, secure, and hassle-free option for individuals looking to invest their savings in FD. Their digital platform and ease of operation make it an attractive option. Additionally, their high interest rates and unique features set them apart from other players in the market. One can easily invest in their FD with an initial deposit as low as ₹25,000 by using their Bajaj Finserv app or online portal. So, if you are looking for a dependable investment option, Bajaj Finance’s FD is worth considering.
Would you like to invest in Bajaj Finance FD? Download the Bajaj Finserv app today and start investing without any worries and hassle-free.