Flexible Tenures & Payout Options: How Bajaj Finance FD Cater to Your Needs

Fixed deposits (FDs) are a popular way to save money in India. They offer guaranteed returns and are considered a safe investment option. Bajaj Finance, a leading financial company, offers FDs with features that make them a smart choice for many savers.

Why choose Bajaj Finance FD?

• High interest rates: Bajaj Finance FD offers one of the highest interest rates, up to 8.60% p.a. for regular customers and senior citizens (over 60 years of age) earn even more – up to 8.85% p.a.
• Online convenience: You do not need to visit a branch. You can book, manage, and renew your Bajaj Finance FD completely online through Bajaj Finserv website or app.
• Trust and security: Bajaj Finance FD holds AAA credit ratings, meaning your money is safe. Over 5 lakh customers trust them with their savings.

Flexible tenures: Matching your goals

Bajaj Finance FDs offer a wide range of tenures, from 12 months to 60 months – this flexibility lets you choose what works best for your financial situation.

• Short-term goals: If you are saving for something specific in the next few years, like a vacation or new appliance, a shorter tenure ensures you get your money when you need it.
• Long-term planning: If you are planning to build a retirement fund or save for a child's education. Longer tenures often ensure higher interest rates, maximising your returns over time.

Payout options: Income or growth

Bajaj Finance FD let you choose how you receive your interest payments:

• Regular income: You can get interest payouts monthly, quarterly, half-yearly, or yearly. This is helpful if you need the extra income to cover expenses, especially for senior citizens.
• Maximum growth: With the cumulative option, your interest is reinvested into your FD. This results in the compounding, helping your money grow faster over time.

Bajaj Finance stands out by combining these flexible features with high interest rates, online services, and a strong reputation for safety. Recently Bajaj Finance has increased their FD rates for up to 0.60 p.a. on their 25-35 months tenure.

This makes them an attractive option whether you are a young professional starting to save, or a senior citizen looking for secure income.

How to get started

Investing in Bajaj Finance Fixed Deposit is a simple process. Follow these simple steps:

1.  Visit the Bajaj Finserv website or app

2.  Navigate to the ‘Investments’ section and click on ‘Fixed Deposit’

3.  Click on ‘Open FD’ at the top of the page to open the online application form

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

5.  Fill in the investment amount, choose the investment tenure and the payout frequency. Enter your PAN and date of birth

6.  Complete your KYC: If you are an existing customer, confirm the details available with us, or edit to make any changes. For new customers, complete your KYC using Aadhaar Card

7.  A declaration will be displayed. Please read it carefully and agree to the terms and conditions. Enter your bank details and proceed to pay

8.  Complete your investment using Net Banking/ UPI or NEFT/ RTGS

Conclusion

Bajaj Finance Fixed Deposit provide a reliable and customisable way to grow your savings. Their commitment to high returns, customer convenience, and security makes them a compelling choice for investors seeking a balance of flexibility and strong returns on their investments.

Moneycontrol Journalists are not involved in creation of this article.