Business Wire India
For all risk-averse investors out there, seeking a safe avenue for investing their hard-earned money, fixed deposits rank right at the top of their investment portfolio. Fixed deposits, also known as term deposits, offers higher rate of returns as compared to other risk-free investment avenues, such as savings account or government bonds. They are completely safe from market risks and offer a stable rate of return assuring the investor of a fixed rate of interest at the end of the tenor or at regular intervals. Bajaj Finance Fixed Deposits enjoy immense popularity amongst all investors for their excellent benefits.

Bajaj Finance Ltd, the lending arm of Bajaj Finserv, offers fixed deposits at an interest rate of 8.40% and going up to 8.75%. Senior citizens are eligible for additional benefits on interest rates. Investors can start investing from Rs. 25,000/- onwards and choose tenor ranging from 12 months to 60 months. Bajaj Finance Fixed Deposits are rated high on safety and stability with ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating, assuring timely payments of interest and principal.

Benefits of investing in Fixed Deposits

FDs are one of the most popular investment products for investors across all age-groups in India, due to the five primary reasons mentioned below: –

• Stable and Assured Returns

Fixed deposits are free from market fluctuations and therefore offer a stable investment opportunity for investors. As fixed deposits provide a pre-defined rate of interest, investors are assured of a fixed income at regular intervals. Bajaj Finance provides one of the highest FD rates of returns in the market starting @8.40%.

• Easy Liquidity

Fixed deposits are highly liquid investments and can be withdrawn as per requirement, enabling the investors to use the money in case of emergency. However, investor incurs charges to withdraw the invested amount if the tenor is not completed. Bajaj Finance offers online account access to allow the investors to manage their fixed deposit accounts conveniently.

• Availability of Loans

Most financial institutions offer up to 90% loan against the total amount of fixed deposits to help the customers manage financial emergencies without any need to break their fixed deposits. Bajaj Finserv offers loans against fixed deposits at nominal interest rates.

• Minimum investment and higher flexibility

Fixed Deposits are highly flexible investment tools, and investors are free to choose the tenor starting from 7 days to up to 10 years, and investment can be started from as low as Rs. 10,000/-. Bajaj Finserv offers its customers the option to begin investing from Rs. 25,000/- and provides the opportunity to choose repayment tenor from 12 months to 60 months.

• High-Interest Rate

Fixed deposits offer one of the highest rates of returns as compared to other risk-free investment options, making them an ideal investment option for risk-averse investors. Bajaj Finserv provides one of the highest interest rates in the market, which goes up to 8.75%.

Still have any doubt in investing Bajaj Finance FD? Check Bajaj Finserv Customer Portal to read unbiased reviews directly from investors or contact Bajaj Finserv Customer Care.
Source: Businesswire