Investing your money wisely is crucial as we progress in life and secure our future. In India, fixed deposit (FD) schemes are a popular option among investors, as they provide a safe means to increase their deposits with guaranteed returns. Bajaj Finance, a trusted NBFC in India, has introduced a new type of FD called “Digital Fixed Deposit” with a 42-month tenure.
The Digital FD is a great new-age investment option that focuses on providing investors with digital convenience and flexibility. This FD can be booked and managed online only through the Bajaj Finserv website and app, making it an easy option for investors living in any part of the country.
Bajaj Finance FD Rates 2024
The Digital FD offers interest rates up to 8.85% per annum for senior citizens and up to 8.60% per annum for customers below 60 years of age, which is one of the highest interest rates in the market.
This high-interest rate helps investors earn better returns on their investments while beating inflation. Therefore, Bajaj Finance’s Digital Fixed Deposit is a smart choice for discerning investors who want to invest their money wisely.
Bajaj Finance Digital FD Schemes 2024
Bajaj Finance offers various types of fixed deposits (FDs). Below, you can find more information on the different types of FDs.
In a cumulative fixed deposit (FD), the interest earned on the deposit is added to the principal at regular intervals. This leads to a higher amount of interest being generated over time. At the time of maturity, investors receive the principal amount along with the cumulative interest earned. Cumulative FDs are generally considered to be the best option for long-term investors who want to grow their savings over a long period of time.
In a non-cumulative fixed deposit, investors can choose to receive interest at regular intervals, such as monthly, quarterly, half-yearly, or annually. This type of FD is best suited for those looking for regular income.
Why should one invest in Bajaj Finance Fixed Deposit?
Bajaj Finance Fixed Deposit has been rated AAA by leading financial agencies such as CRISIL and ICRA. This is the highest security rating awarded to financial institutions in the country and assures investors of a high level of safety and security. It is not surprising that over 5 lakh customers have trusted Bajaj Finance, depositing more than Rs 50,000 crore.
How to Make Bajaj Finance Fixed Deposit
- Visit the Bajaj Finance website or app.
- Go to the Investment section and click on Fixed Deposit.
- Click on ‘Open FD’ at the top of this page.
- Enter your 10 digit mobile number and verify the OTP sent to your phone.
- Provide all the information like investment amount, investment horizon and pay-out frequency. Then fill your PAN and date of birth.
- Complete your KYC: If you’re an existing customer, verify the information we have, or make any necessary changes. Complete your KYC using the new customer Aadhar card.
- An announcement will appear on the screen. Please read it carefully, agree to the terms and conditions, provide your bank details, and proceed with the payment.
- Complete your investment process with the help of Net Banking/UPI or NEFT/RTGS for transactions.
Bajaj Finance Fixed Deposit is a smart investment option for all investors who are seeking a secure and profitable investment avenue. With impressive interest rates, a simple application process, and the highest security rating, Bajaj Finance FDs are the most reliable option for investors. It’s crucial to choose the right investment option to maximise your returns and minimise risk.
Bajaj Finance Digital Fixed Deposit is the perfect solution for investors looking to grow their deposits. Remember, your future can be financially stable by making informed decisions today and choosing the right investment option.
To explore Bajaj Finance’s various fixed deposit schemes with varying interest rates, kindly visit their nearest branch or official website.