Bajaj Finance, a popular financial institution, is now offering fixed deposit (FD) rates of up to 8.60% p.a. The instrument is preferred by around 12% of investors due to its simplicity, familiarity, and protection against inflation, according to a survey by Kuvera. Bajaj Finance has the highest credit rating of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, ensuring the safety of deposits.
Investors have the flexibility to choose their preferred frequency of receiving the interest payout, with monthly payouts available for those looking for an extra source of income. Bajaj Finance offers one of the best FD rates for special tenures of 15, 18, 22, 30, 33, and 44 months, and senior citizens receive an even higher interest rate of 0.25% p.a. Investors in urgent need of funds can also go for a loan against their FDs.
In addition to opting for a long-term investment, choosing special FD tenures, and selecting the right investor profile to access higher interest rates, investors can go for the cumulative payout option to receive interest at the end of the maturity period. Opening an FD with Bajaj Finance is simple, and investors can deposit as low as Rs. 15,000.
FD is a popular investment option for people with a low-risk appetite as it offers stable returns on investment without being affected by market fluctuations. Investors can choose tenures between 12 and 60 months based on the FD rates associated with them to increase their returns. Bajaj Finance’s dedicated customer portal, My Account, allows investors to manage their FD accounts and download important documents.
