Investors may be eager to trade risk for fixed returns due to world events that have increased market uncertainty and volatility. For example, Bajaj Finance fixed deposit eliminates the “fear factor” because its rewards are not tied to market performance. It offers FD rates up to 7.75% per annum. The FD offers several advantages, such as adjustable investment terms, CRISIL AAA/STABLE and (ICRA)AAA(Stable) rating, senior discounts, monthly investment options like SDP, and more.
Keep reading to learn more about the benefits of buying a Bajaj Finance FD.
Investment Security The Bajaj Finance FD offers investors a safe haven from volatile market conditions for their money. Regardless of the state of the market, investors benefit from a constant FD rate. Thus, investors can lock in at a favorable rate using the FD Calculator and accurately predict their future goals. The value at maturity will not change, so there is no reason to worry.
In addition, investors benefit from a high level of security regarding the prompt payment of principal deposits and interest payments. The highest rating offered to Bajaj Finance FD shows that the investment is safe and investors will receive their returns on time and as promised. FD returns are timely and as promised.
Higher interest rate up to 7.75% per annum
When investing for a term of 44 months, regular clients under the age of 60 can benefit from an FD rate of up to 7.50% per annum. Seniors, on the other hand, get an additional FD rate bonus of 0.25% each year, earning the interest. rate up to a maximum of 7.75% per annum
With a modest initial commitment of Rs. 15,000 or more, investors can easily project their returns using the FD calculator. Here are some brief examples of interest earned for different terms by clients under 60 and seniors.
Duration in months Under 60 Seniors Interest rate Interest earned Amount at maturity Interest rate Interest earned Amount at maturity 12 6.20% pa
Rs. 18,600 rupees. 3,18,600 6.45% pa
Rs. 19,350 rupees. 3.19.350 24 6.95% pa
Rs. 43,149 rupees. 3.43.149 7.20% pa
Rs. 44,755 rupees. 3 44,755 33 7.15% pa
Rs. 62,744 rupees. 3 62,744 7.40% per year
Rs. 65,076 rupees. 3 65,076 44 7.50% pa
Rs. 91,908 rupees. 3,91,908 7.75% per year
Rs. 94,443 rupees. 3 94,443 60 7.40% pa
Rs. 1,28,689 rupees. 4 28,689 7.65% per year
Rs. 1,33,702 rupees. 4,33,702 Easily plan your life goals Investors can choose from a customizable term of 12 to 60 months with Bajaj Finance. Those with short-term goals can invest their money in a secure setting and reap increased returns at the end of the term. To receive the best FD rate, investments with maturities of 36 months or longer are recommended for investors with medium to long term goals.
Investors can also use the ladder strategy with flexible investment terms to provide consistent cash flow.
Let’s take a look at the revised FD rates that Bajaj Finance offers to clients under 60.
Duration in months Cumulative Non-Cumulative At maturity Monthly Quarterly Half-yearly Annual (% pa) (% pa) (% pa) (% pa) (% pa) 12 – 23 6.20 6.03 6.06 6.11 6 .20 24 – 35 6.95 6.74 6.78 6.83 6.95 36 – 60 7.40 7.16 7.20 7.27 7.40 With the special duration, you can choose to open FD for 15, 18, 22, 30 or 44 months and get higher returns. The special duration of cumulative deposits is as follows: Cumulative Period Under 60 Seniors 15 months 6.40% pa
6.65% per year
18 months 6.50% pa
6.75% per year
22 months 6.65% per year
6.90% per year
30 months 7.05% per year
7.30% per year
33 months 7.15% per year
7.40% per year
44 months 7.50% pa
7.75% per year
Take advantage of a range of liquidity alternatives When investing in an FD, the wisest course is to withdraw the actual principal and interest at maturity. It guarantees the best possible profits. However, investors may need cash regularly. Seniors, for example, would appreciate quarterly income for daily or medical needs.
By offering the possibility of frequent installments every month, quarter, semester or year, Bajaj Finance encourages this. This is because investors can create a steady stream of income through their interest income.
Likewise, after the initial 3-month lock-up period, investors still have the option of withdrawing money early if they run out of cash. However, investors can also take out a loan against their FD to protect their investment and avoid losing interest.
With a Systematic Deposit Plan, you can earn while you save. With Bajaj Finance Systematic Deposit Plan (SDP), you can reserve a new FD with each contribution. Here, investors can start with a monthly investment of Rs. 5,000. Investors can build up a large corpus by making one deposit at a time over time.
One can select a: Single-maturity plan: In this case, the duration of each FD must be modified so that all FDs mature on a single predetermined date.
b. Plan a monthly maturity: after a defined and consistent duration, all FDs will mature. Accordingly, interest will begin to accrue after the maturity of the first FD.
The Bajaj Finance FD is an excellent choice for investors who wish to add stability to their portfolios due to these exceptional advantages. All product information is available on the My Account customer site. Plus, clients can invest online or at one of over 1,000 Bajaj Finance sites nationwide to start earning immediately at a competitive FD rate.
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)