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Earn interest up to 7.95% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable)

Parents play the most crucial role in their children’s lives as they need to support and motivate the young ones at all times. Typically, this also involves providing financial planning for the child so that (s)he can achieve their future goals. Saving up funds provides peace of mind to parents as they can ensure financial security for the children. One of the most common ways a parent can ensure their ward’s future is by investing in a Child Fixed Deposit (FD).

 

With a Fixed Deposit for children, parents can ensure that their investment is safe and secure. An FD offers steady, assured returns on a lump sum investment in the form of interest and the principal amount can be withdrawn easily on maturity.

 

Fixed Deposits for children can be made even when they are just a year old. Besides, investing in a Bajaj Finance Fixed Deposit can yield high returns, which is more advantageous over time.

Why Invest in Bajaj Finance Fixed Deposit for Children?

When a Fixed Deposit is started in the name of a child, either parent can be named a guardian.

 

Bajaj Finance FD offers some appealing FD schemes for children. Listed below are the benefits of investing in child Fixed Deposit plans with Bajaj Finance FD on Finserv MARKETS.

 

  • Higher Rate of Interest on FDs

With a Bajaj Finance Fixed Deposit for a child, an investor can obtain high FD interest rates that range from 5.85% to 7.35%. This rate of interest is typically higher than what banks and most NBFCs offer. The higher rate of interest offered by Bajaj Finance FD inevitably leads to higher returns upon maturity of your FD.

 

  • Assured Returns

Fixed Deposits are considered one of the safest forms of investment and parents can guarantee that the investment for their child is in safe hands. With Bajaj Finance FD, you are guaranteed to receive the initial lump sum investment along with the returns upon maturity. On turning 18, all the responsibilities shift to the child, and he/she becomes solely responsible for the handling of the Fixed Deposit.

 

  • Flexible Tenor

Bajaj Finance FDs offer flexible tenors which range from 12 months to 5 years. This allows a parent to plan for their child’s future needs accordingly. You can also use an online FD calculator on Finserv MARKETS to compute your returns against the available interest rate over a specific period.

 

  • Online Investments

You can choose to invest in a Bajaj Finance FD online with just a few clicks on your computer. This process saves time and allows a parent the opportunity to decide the type of child FD scheme to invest in. Furthermore, investing online gives you an additional 0.10% rate of interest on your FD.

 

  • Low Minimum Deposit Amount

During times when inflation is high, saving can become problematic. However, with a Bajaj Finance FD, you can place a minimum deposit of ₹25,000 to begin your investment in a child Fixed Deposit plan. You can also opt for a systematic deposit plan to invest ₹5,000 each month.

 

With an FD for senior citizens you can get an additional 0.25% interest that is over and above the base FD interest rate for non-senior citizens. Below is a table listing the Bajaj Finance FD rates that can help plan your investment accordingly.

 

 Non-Senior Citizen FD Rates

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

12 – 23 months

₹15,000

6.80%

6.60%

6.63%

6.69%

6.80%

24 – 35 months

7.25%

7.02%

7.06%

7.12%

7.25%

36 - 60 months

7.50%

7.25%

7.30%

7.36%

7.50%

Special Tenure FD Rates for Non-Senior Citizens

Period

Minimum deposit

(in Rs.)

Cumulative At Maturity (% p.a.)

Non-Cumulative

Monthly 

(% p.a.)

Quarterly 

(% p.a.)

Half Yearly 

(% p.a.)

Annual 

(% p.a.)

15 months

₹15,000

6.95%

6.74%

6.78%

6.83%

6.95%

18 months

7.00%

6.79%

6.82%

6.88%

7.00%

22 months

7.10%

6.88%

6.92%

6.98%

7.10%%

30 months

7.30%

7.07%

7.11%

7.17%

7.30%%

33 months

7.30% 7.07% 7.11% 7.17% 7.30%%

44 months

7.70%

7.44%

7.49%

7.56%

7.70%

Should you Invest in an FD for Your Child’s Future?

With the cost of education, healthcare, and other essentials on the rise, it’s important to ensure financial security for your child. Thus, FDs are an ideal investment avenue for guaranteed, risk-free returns. Investing in a Bajaj Finance FD for your child is an ideal option as you can earn attractive FD interest rates that range from 5.85% up to 7.35%. You can also pick the tenor of your choice to plan your investment specifically. Apply for Bajaj Finance FD on Finserv MARKETS today!

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