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Start your financial year by investing intelligently with Bajaj Finance Fixed Deposit

Bajaj Finance FD offers one of the highest FD rates, up to 6.80% p.a. for citizens aged below 60 and up to 7.05% p.a. for senior citizens.

March 28, 2022 / 02:17 PM IST

With the new financial year around the corner, now is the right time to reflect on your investments and re-assess them basis the yearly financial goals. Besides high earning market-linked tools, every investment portfolio must include a risk-mitigating secure investment option.

A fixed deposit is a wise investment option that isn't affected by market volatilities, helping you grow your savings with minimum risk. Bajaj Finance Fixed Deposit is a sound instrument that offers safe and generous returns on deposits.

This article will help you understand why investing in a Bajaj Finance FD can be a smart move in the new financial year.

 Earn more with high FD rates

To understand better, here's a look at short-term investments made by individuals over a tenor of 12 months.

  1. Citizen aged below 60 years
Initial depositTenorInterest rate applicable Maturity amount
Rs. 5,00,00012 months5.65% p.a.Rs. 5,28,250
Rs. 10,00,00012 months5.65% p.a.Rs. 10,56,500

  1. Senior Citizen
Initial depositTenorInterest rate applicable Maturity amount
Rs. 5,00,00012 months5.90% p.a.Rs. 5,29,500
Rs. 10,00,00012 months5.90% p.a.Rs. 10,59,000

As the tables suggest, senior citizens get an additional rate benefit of up to 0.25% p.a. on their investments.

Bajaj Finance Limited, the lending company of the Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market, catering to more than 44 million customers across the country. Headquartered in Pune, the company's product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

Moneycontrol journalists were not involved in the creation of the article