Feature Articles: Bajaj Finance Fixed Deposit; Choose the specific tenor and get the best FD rate

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The current FD rates are the highest in the last few years, which indicates opportunity. For the retail investor, now may be a good time to invest in fixed deposits as the RBI has increased the repo rate consistently and significantly. The interest rate offered on FDs by major issuers is worth noting, as you can book your fixed deposit now and enjoy the benefits for years to come. Bajaj Finance Fixed Deposit is a great example wherein you can get good interest rates on FDs for all investor profiles.

In addition, Bajaj Finance offers a special tenure wherein you can enjoy 7.75% p.a. interest on FDs, and grow your corpus continuously. This FD rate This period offer is available exclusively, and any investor can take advantage of it. Over time, this advantage can lead to bigger returns, allowing you to meet your financial goals with ease. Read on to know more about the special tenure and other features on offer.

Return on Special Tenure Option on Bajaj Finance Fixed Deposits
You can invest in Bajaj Finance Fixed Deposit with a flexible tenor which can be between 12-60 months. However, specific tenure options give you access to a particular FD rate. This benefit is available to all investors and can significantly increase your returns as the current FD rates start at 6.35% p.a. and go up to 7.40% p.a. For non-senior-citizen investors. However, by choosing a particular tenure on the cumulative fixed deposit, you can get up to 7.50% p.a. depending on the tenure you choose.

To provide more clarity, here is a table in which you can expect the return on investment of Rs. 3,00,000 in Bajaj Finance FDs in various specific tenor options:

Duration interest rate per annum interest income total earnings
15 months 6.55% Rs. 24,760 Rs. 3,24,760
18 months 6.65% Rs. 30,417 Rs. 3,30,417
22 months 6.80% Rs. 38,456 Rs. 3,38,456
30 months 7.05% Rs. 55,703 Rs. 3,55,703
33 months 7.15% Rs. 62,744 Rs. 3,62,744
44 months 7.50% Rs. 91,098 Rs. 3,91,098

Adding to this benefit, senior citizen investors also enjoy this benefit and can get up to 7.75% p.a. Here is an example of such a return that you can expect as a senior citizen investor for Rs. 3,00,000 and in a range of special tenure options:

Duration interest rate per annum interest income total earnings
15 months 6.80% Rs. 25,713 Rs. 3,25,713
18 months 6.90% Rs. 31,580 Rs. 3,31,580
22 months 7.05% Rs. 39,910 Rs. 3,39,910
30 months 7.30% Rs. 57,784 Rs. 3,57,784
33 months 7.40% Rs. 65,076 Rs. 3,65,076
44 months 7.75% Rs. 94,443 Rs. 3,94,443

Unexplained: Calculation of all results mentioned Bajaj Finance fixed deposit calculator done using .

Other Notable Features of Bajaj Finance Fixed Deposit

Multiple payment options to plan your finances
With Bajaj Finance Fixed Deposit, you can opt for either a cumulative FD or a non-cumulative FD. The former grants only access to returns on maturity, and your money grows exponentially through the power of compounding.

With the latter, your returns are paid to you in a timely manner. These intervals can be monthly, quarterly, half-yearly or yearly. If you are looking for a stable income source then non-cumulative FD is the option. Remember that the FD rate for non-cumulative fixed deposits is usually lower than the FD rate offered on cumulative fixed deposits.

Get Loan Against FD to meet your urgent needs
Bajaj Finance Fixed Deposit allows you to avail a loan against your FD at nominal interest rates. This saves you from premature withdrawals, which may incur a penalty. If you have a cumulative Bajaj Finance FD, you can get loans up to 60% of the FD value and up to 75% in case of non-cumulative fixed deposits.

Minimum initial investment to make the investment affordable
Most of the banks, NBFCs and other financial institutions have very high FD minimum amount, which often requires you to collect a huge amount to invest. With Bajaj Finance Fixed Deposit, you can make your investment up to Rs. 15,000 and start growing your wealth.

Considering all these factors, it is clear that Bajaj Finance Fixed Deposit is a wise choice. highest in [आईसीआरए] AAA (stable) and CRISIL is AAA/stable credit. This means your money is safe, and you can count on the issuer to ensure timely payments. Therefore, today online investment Do it and optimize your investment by choosing a specific tenor for maximum returns.

Credit: www.bhaskar.com /

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