Fixed deposits (FDs) are a popular way to save money in India. They give a guaranteed return and are considered a safe investment option. Bajaj Finance, a leading financial company, offers FDs with features that make it a smart choice for savers.

Why should you choose Bajaj Finance FD?

• High-Interest Rates: Bajaj Finance FD offers one of the highest interest rates, up to 8.60% per annum. Regular customers and senior citizens (above 60 years of age) are offered interest rates up to 8.85%.
• Online Convenience: You do not need to visit any branch. You can book, manage, and renew your Bajaj Finance FD completely online through the Bajaj Finserv website or app.
• Trust and Security: Bajaj Finance FD has an AAA credit rating, meaning your money is safe. More than 5 lakh customers save and trust them.

Favorable period: Which suits your goals?

Bajaj Finance FD offers a wide range of tenures from 12 months to 60 months – this flexibility allows you to choose what best suits your financial situation.

• Short-term goals: If you're saving for something specific over the next few years, like a vacation or a new device, this short-term FD can give you your money when you need it.
• Long-term planning: If you are planning to build a retirement fund or save for your child's education, long-term FDs offer higher interest rates and give you maximum returns over time.

Payment Options: Income or Growth

Bajaj Finance FD allows you to choose how you receive your interest payments:

• Regular Income: You can get interest payments monthly, quarterly, half-yearly, or annually. This is helpful if you need extra income to cover expenses, and is especially suitable for senior citizens.
• Maximum growth: With the cumulative option, your interest is reinvested in your FD. This combination helps your money grow faster over time.

Bajaj Finance offers convenient facilities with high-interest rates, online services, and a reputation for safety. Recently Bajaj Finance has increased their FD rates by Rs 0.60 per annum. This is an increase on his tenure of 25-35 months.

This is an attractive option, whether you are a young professional starting to save, or a senior citizen looking for a secure income.

How to start saving

Investing in Bajaj Finance Fixed Deposit is a simple process. Follow these simple steps:

• Visit the Bajaj Finserv website or app
• Navigate to the 'Rokaan' section and click on ‘Fixed Deposit’
• Click on 'Open FD' at the top of the page to open the online application form.
• Enter your 10-digit mobile number and verify the OTP sent to your phone
• Enter the investment amount, and choose the investment tenure and payment frequency. Enter your PAN and date of birth
• Complete your KYC: If you are an existing customer, confirm the details we have with you or edit to make any changes. For new customers, complete your KYC using Aadhar Card
• An announcement will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and make a payment.
• You can complete your investment using Net Banking/UPI or NEFT/RTGS.

conclusion

Bajaj Finance Fixed Deposit offers a reliable and customizable way to grow your savings. Their commitment to high returns, customer convenience, and security makes them an essential choice for investors seeking a balance of ease of investment and strong returns.