Categories: Articles

Why Should You Add Bajaj Finance Digital Fixed Deposits to Your Portfolio

Investors are constantly on the lookout for investment avenues that provide stability, growth, and convenience all together. Amidst the many available options, Fixed Deposits (FDs) have consistently held their ground as a reliable choice, providing a secure option for financial growth. Bajaj Finance has introduced a game-changer – the Digital FD which is only available via the Bajaj Finserv website and app, it is a futuristic variant that marries traditional reliability with the ease of digital convenience.

Here are some features of the Bajaj Finance Digital Fixed Deposit:

  • Digital Convenience: Bajaj Finance Digital FD brings a revolutionary approach to fixed-term investments by harnessing the power of digital convenience. Investors can seamlessly apply for the Digital FD through the Bajaj Finserv website or app. And since digital FD is only available online, hence this eliminates the hassle of physical visits to branches. This online-first approach aligns with the modern investors preference for efficiency and accessibility.

  • Competitive Interest Rates: One of the standout features of the Digital FD is the highly competitive interest rates it offers. Investors opting for this variant can enjoy interest rates of up to 8.85% p.a., positioning it as a lucrative option for those seeking attractive returns on their investments. The Digital FD caters to the financial aspirations of individuals who value the synergy of high returns and digital simplicity.

  • Special Tenure of 42 Months: Adding an exclusive touch to the Digital FD offering, Bajaj Finance Digital FD is only available on a special tenure of 42 months. This strategic choice caters to investors looking for a mid-term commitment that balances optimal returns with a manageable investment horizon.

  • Bajaj Finance FD Calculator: Investors exploring the Digital FD can leverage the Bajaj Finance FD Calculator, a powerful tool designed to provide clarity and insights into potential returns. The calculator factors in the principal amount, tenure, type of customer and payout frequency, offering investors a comprehensive view of how their investment can grow over time. This transparency empowers investors to make informed decisions aligned with their financial objectives.

Additional Features of the Bajaj Finance FDs

  • Higher FD Rates on Special Tenures: Bajaj Finance offers higher FD rates on special tenures of 15, 18, 22, 30, 33, 44 and now, 42 month, enhancing the appeal for investors with specific time horizons.

  • Senior Citizen Benefits: For senior citizens above 60 years of age, Bajaj Finance provides an additional FD interest rate of up to 0.25% p.a., recognising and rewarding the financial need of this demographic.

  • Highest Credit Ratings: Bajaj Finance FDs boast the highest credit ratings of [ICRA]AAA(Stable) and CRISIL AAA/STABLE, ensuring that deposits are secured with the utmost reliability.

  • Flexible Interest Payout: Investors can choose from monthly, quarterly, half-yearly, and yearly interest payout options. Additionally, there is the flexibility of a full payout (interest + principal) at the end of the tenure (maturity).

  • End-to-End Online Process: Bajaj Finance has streamlined the FD booking process with an end-to-end online system, allowing investors to initiate and complete the entire process without visiting a physical branch.

  • Loan Against Fixed Deposit (LAFD): Investors can leverage their FDs to raise a loan in time of need. With options allowing a loan of up to 75% of the deposit amount.

Conclusion

Fixed Deposits stand unwavering as the choice of those valuing stability and guaranteed returns. Bajaj Finance, renowned for trust and a customer-focused approach, continues to be the favoured companion for investors seeking reliability and financial prosperity.

The advent of the Digital FD underscores Bajaj Finances commitment to innovation and customer ease. As investors gaze into the future, Bajaj Finances Digital FD represents the companys unwavering dedication to providing advanced financial solutions that cater to the evolving needs of the contemporary investor. Elevate your financial journey with the freedom of choice and the certainty of returns – secure your Bajaj Finance Digital FD today!

Paras

Recent Posts

Why do Indian Students want to Study Abroad

From meager 50,000 Indians going to study abroad in 1999, the numbers have risen to…

4 hours ago

Whatfix and Deloitte India Forge Strategic Alliance to Accelerate Adoption of Digital Solutions for Indian Enterprises

Whatfix, a global leader among digital adoption platforms (DAPs), has entered into a strategic alliance…

4 hours ago

The Akshaya Patra Foundation Amplifies the Partnership with BW LPG India to Fuel Mid-Day Meals Across India

The Akshaya Patra Foundation, a non-profit organisation focussed on providing unlimited food for education for…

4 hours ago

Indian Para-athlete and Disability Rights Activist Ms. Suvarna Raj Wins Prestigious United Nations SDG Action Award in Rome, Italy

In a landmark achievement for India, Suvarna Raj, a celebrated para-athlete and a passionate disability…

5 hours ago

Introducing New Exclusive Games on Parimatch: Coin Train and Fruit Box Classic

Parimatch is excited to announce the launch of two new exclusive games tailored specifically for…

5 hours ago

A Diwali Gift for Healthcare Sector: Tech Mahindra Foundation and GIZ Unveil ‘Healthcare-Careers’ Portal for Allied Professionals and Recruiters

In a strategic move to address the growing demand for skilled professionals in India's booming…

5 hours ago