Bajaj Finance Hikes Fixed Deposit FD Rates

Bajaj Finance, a trusted name in the finance sector in India, has recently made its Fixed Deposit (FD) more attractive than ever for investors by increasing interest rates. If you are also looking for a safe way to get predictable returns on your savings, then Bajaj Finance FD is worth considering.

What are fixed deposits?
Fixed deposits provide you with a safe and extremely easy way to earn interest on your savings. In this, you invest some amount at a time in a financial institution for a pre-determined time frame, and this time frame can range from a few days to several years. In return, the institution promises that a fixed interest rate will be paid to you from the beginning to the end of the fixed deposit.

Bajaj Finance recently increased FD rates
Bajaj Finance has increased the interest rates for FDs of 15 to 60 months by 0.60% per annum. In this way, their FDs have become even better than others among investors seeking higher returns.

Key Features of Bajaj Finance FD
1. High Interest Rates: Bajaj Finance FD interest rates are one of the highest FD interest rates in India. Senior citizens (people above 60 years of age) earn up to 8.85% per annum, while customers below 60 years of age earn up to 8.60% per annum.

2. Digital Facility: Forget about filling lengthy forms or waiting in queues. The online application process is very easy and can be completed in a few minutes sitting at home. Bajaj Finserv App The facility of booking Bajaj Finance FD is available through the website and you can also manage it.

3. Flexible Timeframe: Bajaj Finance understands that everyone's financial goals are different. For this reason, you are offered FD for a tenure ranging from 12 months to 60 months. Such convenience is beneficial in many ways, including:

a. Helpful in achieving short term goals: If you're saving for a down payment, a vacation, or an emergency, you can quickly reach your goal by taking advantage of better interest rates in a shorter time frame.

b. Make long term plans: To build a retirement fund or meet your children's education expenses in future, invest today for the long term with attractive interest rates.

4. Pay-out Options: Bajaj Finance FD lets you choose when and how you will receive the interest amount on your FD. You can choose any of these options:

a. Facility to receive amount on monthly/quarterly/half yearly basis: Have a regular income stream beyond your salary, which is best suited to meet recurring expenses, and is best for retired people.

b. Facility to receive amount on annual basis: Get a huge sum at the end of every year, which will prove extremely useful for re-investing or making big purchases.

c. Facility to get amount on maturity: On completion of your FD, receive the principal amount and the interest amount together, which will maximize your total returns.

5. Security and Reputation: Bajaj Finance is a financial institution with over 5 lakh happy customers and deposits of over Rs 50,000 crore. The institute has been given (ICRA)AAA(Stable) and CRISIL AAA/STABLE rating which means that your investment is completely safe.

6. Special benefits for senior citizens: Bajaj Finance prioritizes retirees, and has made FDs especially beneficial for senior citizens by offering additional interest (up to 0.40% per annum).

How to book Bajaj Finance Fixed Deposit online

The process of investing in Bajaj Finance Fixed Deposit is very simple. For this follow the easy steps given below:

1. Go to Bajaj Finserv website or app.

2. Go to 'Investments' section and click on 'Fixed Deposit'.

3. To open the online application form, click on 'Open FD' at the top of this page.

4. Enter your 10 digit mobile number and verify the OTP sent on your phone.

5. Provide all the information like investment amount, investment time frame and pay-out frequency. Then fill your PAN and date of birth.

6. Complete your KYC: If you are an existing customer, verify the information we have, or make the necessary changes. Complete your KYC using the new customer Aadhar card.

7. Then an announcement will be displayed on the screen, read it carefully and agree to the terms and conditions. Fill in your bank details and proceed for payment

8. Complete your investment process with the help of Net Banking/UPI or NEFT/RTGS

conclusion
Whether you're saving for a specific goal, building an emergency fund, or just want to grow your savings while keeping it safe, Bajaj Finance FD Provides the safest and most beneficial solution to all these needs. Today, due to its better interest rates, convenient features and keeping its promise of customer happiness, it has become the first choice of investors across India.

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