Investing has always been a huge part of making the most of your resources and finance management. It has been the process of earning instead of putting away your savings in a locker where they bear no fruits. Towards the end of the last century, people started opening more bank accounts and ever since the first step to investing has seen a boom.
However, after 2 decades into this 21st century; there is no denying that investing now, involves choosing the right instrument. While looking at different investment options, the key lies in matching your needs with the features offered by the instrument you’re looking at. For example, if you want instant gains and have an aptitude for risk- stock trading is the option you must go with.
In a developing economy, each individual wants an investment that is secure and provides basic returns, as a general preference. However, this is where one must view Corporate Fixed Deposits (FDs). FDs in general are an institutionalised investment option and in fact they provide high security with decent (better than average) returns.
Among the reputed corporate fixed deposits, the average rate of return range is from 4.5-5.75%. However, a reputed non-banking finance company does better than the average. Bajaj Finance Fixed Deposit (FD) is a great investment option because it provides a general rate of 6.50% subject to further increments with certain conditions. To understand why Bajaj is not only an ideal option, but better than any other investment; here are the features and benefits offered by the company for their corporate fixed deposits:
- Tenor: The minimum tenor is 1 year and maximum is 5 years for an FD at Bajaj
- Interest Rates: They range from 5.65% to 6.75%
- Deposit: A minimum deposit of Rs 25,000 only is required
- Online Payment Options: Both, Unique Payment Interface (UPI) and Net-banking options are available
- Unique Selling Point: The entire process from end to end is paperless, thus it can be done from the safety of your home
While choosing any investment option, one simply looks for convenience, ease of procedures, returns, security and additional benefits. It is here, that Bajaj Finance outdoes almost any other investment option; whether it be stocks or a pension scheme.
High Interest Rates: At Bajaj Finance, you receive a very lucrative interest rate of 6.50% which increases to 6.75% if you are a Senior Citizen (60 years of age or more. Among many investments, this is the best you’d get among the reputed companies.
Special offers to Senior Citizens: Bajaj FDs value and understand their senior citizen account holders. Thus, along with a higher interest rate they can also avail periodic pay-outs to fund general expenses that arise at their age.
Benefits to Pravasi Bhartiyas (NRIs): For Non-Residential Indians (NRIs), and others like them with an NRO account, can make a choice between tenors of 12 and 36 months. The interest rates are the same for them including the additional benefits given to Senior Citizens.
Systematic Plan for Depositors: Unlike other investments that are either shor or long term, Bajaj Finance offers both to you. The Systematic Deposit Plans (SDPs) launched by Bajaj allow people to make deposits on regular intervals, keeping in mind the erratic availability of funds. In this, the tenor still remains between 12 and 60 months. Depositors have to choose between 6 to 48, for the number of deposits they’d make in a month under their SDPs at Bajaj FD. When it comes to the maturity, they have an option to choose a single date or a monthly maturity scheme.
High Credibility and Stability: Bajaj Finance is a safe option because has been accredited with the highest ratings of CRISIL’s FAAA and ICRA’s MAAA, ensuring your money and funds are safe.
Flexible Time Frames: By having a wide range of tenors between 12 and 60 months, you can plan your liquidity and generate higher cash inflows as per your requirements.
Fixed Deposit Interest Rate Calculator: It is this calculator which allows you to foresee the net gain on maturity and the interest received regularly.
Smaller Minimum Deposit: With a cap of only Rs 25,000 you can start investing in FDs, at an early stage without being forced to accumulate a larger set of funds.
Digitalized Application Process: At Bajaj, the application process prevents you the hassle of page long documents and even longer queues. It allows you to browse the best rates from the safety of your homes while completing the entire process digitally.
Online Loan against FD: The main concern of a depositor when it comes to an FD is, what if he/she has to break it. Therefore, at Bajaj depositors are allowed to take a loan against the FD (post the initial lock-in period of 3 months) when they need to make emergency withdrawals. The only condition is that the loan value cannot exceed 75% of the FD value.
Auto-renewal: While having automatic and unconsented renewals is scary, Bajaj gives you the option to opt for an auto-renewal to save you the time and effort of manually filling the renewal forms repeatedly.
Therefore, to provide yourself with growth, security and assurance Bajaj Finance fixed deposit is the best investment option.