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How the Bajaj Finance Fixed Deposit Rate compares to others

By Finserv MARKETS - Oct 15,2019
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How the Bajaj Finance Fixed Deposit Rate compares to others

Introduction

When a person invests in fixed deposits, he expects to get returns as per the interest rate over a given tenure. Most of you are more familiar with opening a fixed deposit account with a bank than a non-banking financial institution. Well, the interesting part is that interest rates for company FD schemes are always higher than the ones you get in banks. With interest rates up to 8.7%, along with high investment capital security, Bajaj Finance Fixed Deposits available on Finserv MARKETS have become one of the most popular avenues of investment in the market.

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Bajaj Finance fixed deposit rates explained

You must choose your fixed deposit parameters like payout frequency and tenure very carefully in order to get the best FD rates. With the Bajaj Finance FD rates available on Finserv MARKETS, you can avail interest rates starting from 8% for a new customer, which rises up to 8.60% if the customer invests for a 3-5 year tenure. You must be aware that while you can earn consistently via regular interest payouts, the interest rate falls if your frequency of payout increases.

Bajaj Finance offers high interest benefits on FDs to certain existing customers as well as senior citizens, which include 0.25% and 0.35% hikes on interest rates for both customer profiles.

If you want to develop good investment habits, then the Bajaj Finance fixed deposits available on Finserv MARKETS are the best option. When it comes to renewal, it must be mentioned here that an interest rate boost of 0.10% is given at the time of your FD renewal. This increase in interest rate comes in handy with higher payout option in case of any financial setback.

What are the benefits of opening a Bajaj Finance fixed deposit account?

Bajaj Finance gives you a range of FD options on Finserv MARKETS, using which you can save your surplus money for a fixed period of time. You must make a deposit while opening your fixed deposit account. You must remember that you will not be allowed to deposit another amount or withdraw before completion of the tenure of the deposit. Let’s check out some more benefits of the Bajaj Finance Fixed Deposit options available on Finserv MARKETS.

1) Bajaj Finance is one of the largest non-banking financial institutions in the country.

2) Bajaj Finance Fixed Deposits have been rated FAAA on the safety rating scale and MAAA by Infection Control Risk Assessment on the credit-quality rating scale.

3) With your fixed deposits, you have guaranteed returns and high stability.

4) You have the flexibility to choose the tenure you prefer.

5) Happens to be one of the most preferred options amongst senior citizens, as it gives higher interest rates to them.

Bajaj Finance FD interest rates on Finserv MARKETS

By investing in Bajaj Finance FD for a flexible tenor from 12 to 36 months, get guaranteed returns up to 8.95%. In case of senior citizens, one can avail an interest rate of 0.35% higher than the regular ones.

Check the latest FD interest rates below:
Tenor in Months Minimum deposit (in Rs.) Cumulative Non-Cumulative
Monthly Quarterly Half Yearly Annual
12 – 23 25,000 8.00% 7.72% 7.77% 7.85% 8.00%
24 – 35 8.15% 7.88% 7.93% 8.00% 8.15%
36 – 60 8.60% 8.28% 8.34% 8.42% 8.60%
Special tenors scheme
15 1,00,000 8.05% 7.77% 7.82% 7.89% 8.05%

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Conclusion

The financial market binds millions of people together worldwide to trade a varied range of financial instruments. To this end, there are multiple investment options available on Finserv MARKETS that can allow you to expand your wealth. Fixed Deposit interest rates on Finserv MARKETS range between 8% and 8.7%. Investing in FDs online via Finserv MARKETS is a fast and efficient process with high transparency and minimum documentation. You can also invest in multiple deposits by depositing a single cheque and opt for different tenures and frequencies for interest payment for each of the deposits. In emergencies, you can withdraw prematurely from a particular deposit, without even having the need to touch the other deposits.

Finserv MARKETS , from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522