Updated: 09 Aug 2021 13:19 STI
Pune (Maharashtra) [India], August 9 (ANI / NewsView): Fixed deposits are preferred investment avenues, due to their high yield assurance and deposit security.
They remain insensitive to market volatilities, which offer the investor guaranteed returns.
While a fixed deposit specializes in security, Bajaj Finance offers a fixed deposit system that can help investors build their corpus easily, given the high interest rates they offer. Bajaj Finance Fixed Deposit offers online investment options for investors, who can invest through an end-to-end paperless process. Today, building wealth through Bajaj Finance FD is easier than ever, because you can invest online, from the comfort of your home or workplace.
Read on to learn how to get the best FD interest rates with Bajaj Finance Online FD:
Main features of the online FD function
You can start investing easily by completing the Bajaj Finance Online FD form. Below are the outstanding benefits of the online FD function offered by Bajaj Finance Fixed Deposit.
Instant booking: Existing customers don’t have to worry about going to a Bajaj Finance branch. With the online installation, one can reserve his FD immediately and without hassle.
Completely Online and Paperless Process: Investing through the online mode is convenient as you don’t have to worry about the physical paperwork. They can carry out the entire process, from the comfort of their own homes, via the Internet.
Invest anytime, anywhere: Since you can invest from a device with an Internet connection, you have the freedom to invest in an FD from your office or from the comfort of your home.
No need to submit documents: Being an existing customer, you do not need to submit any additional documents when investing in a FD.
In addition to making it easy for investors to start investing, Bajaj Finance Online FD also offers anti-inflation and risk-free returns.
Attractive and assured returns
Bajaj Finance Online FD offers some of the most lucrative FD interest rates on the market. Seniors can benefit from an additional tariff advantage of 0.25% on top of the basic tariffs. An additional benefit of 0.10% can be accumulated if the investor decides to invest online. A 0.10% rate advantage can prove to be valuable, especially if the money is parked for a longer period of time.
The tabular representation below compares the maturity amounts that the investor will accumulate for a DF of Rs. 40,000,000 and 50,000,000 for different tenors invested via online and offline media.
So one can look attractive FD interest rate, with the assurance of guaranteed returns on their deposit. This makes Bajaj Finance’s online FD a preferred investment tool for individuals looking to easily grow their savings.
Loan against FD
Although term deposit plans have traditionally been long-term investments, an emergency could arise before DFs expire. Such an emergency justifies an immediate need for liquidity which can be achieved by withdrawing the FD prematurely.
Bajaj Finance offers a simple online loan against FD option that allows investors to get a loan against their fixed deposit up to 75% of the FD amount.
The security of a Bajaj Finance FD has been accredited by the FAAA rating of CRISIL and the MAAA rating of ICRA, both indicative of the highest security standards for its capital.
With the highest security standards, guaranteed returns, attractive interest rates, loan availability against FD and online investment option, Bajaj Finance Online FD presents itself as an investment choice. ideal for anyone looking to find a good financial tool to park their savings.
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