Corporate Fixed Deposits: Bajaj Finance Ltd offers upto 7.4% interest
Corporate Fixed Deposits are offered by financial and non-financial companies. In this article, we look at the fixed deposits (FD) provided by Bajaj Finance Ltd.
Bajaj Finance fixed deposit schemes offer many benefits like higher interest rates than bank fixed deposits. You can invest in such a scheme to fulfil your medium and long-term goals. A variety of rating organisations like ICRA, CARE, CRISIL and others frequently grade these term deposits in terms of safety of capital and credibility.
Why Bajaj Finance fixed deposit is one of the safest investment options available?
Highest credibility ratings: The best way to ascertain the reliability of an investment is to check the credit rating given to it by reputed rating agencies. As Bajaj Finance FD carries FAAA rating by CRISIL and MAAA rating by ICRA, which indicate the highest safety for your capital. Financiers with the highest stability ratings imply a safe investment environment and ensure that you get your returns promptly.
Flexibility: If you opt for this scheme, you can choose differing tenure ranging from 12 to 60 months.
Trust of more than 2 lakh customers: More than 2,35,000 customers have invested in Bajaj Finance Fixed Deposit, which amounts to a total deposit book of more than Rs. 20,000 crore. Customers investing in a Bajaj Finance FD can expect to get one of the best interest rates in the country.
Best investment choice for senior citizens: Retired investors require an instrument that yields attractive returns without compromising safety, and Bajaj Finance caters to this retirement need perfectly. Depending on your monetary requirements, you can choose to receive payouts monthly, quarterly, and annually. By providing both attractive returns and safety, Bajaj Finance has garnered the trust of several senior citizens, as nearly 90,000 of Bajaj Finance FD customers are senior citizens.
Hassel-free investment process: This scheme comes with Hassel-free online application, renewal and redemption process.
In order to make investment in this fixed deposit, the minimum investment amount is Rs. 15,000. To make a deposit, you have the option to pay digitally, via Net banking or UPI.
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Annual rate of interest
| Tenure in months | Minimum deposit  | Cumulative interest rate |
| 12-23 | 15000 | 6.2 |
| 24-35 | 15000 | 6.95 |
| 36-60 | 15000 | 7.4 |
Rate of interest (w. e. f 1st July, 2022)
Benefits of Bajaj Finance FD
Fixed Deposits for NRIs: The Bajaj Finance fixed deposit also extends this plan to Non- resident Indians (NRIs), persons of Indian origin and Overseas Citizens of India (OCI). They are offered the plan for a tenure ranging from anywhere between 12 and 36 months, with the interest rate for new customers extending up to 7.5% and for senior citizens, extending up to 7.75%.
Systematic deposit plan: As per the systematic deposit plan, the Bajaj Finance FD offers a single maturity scheme and a monthly maturity scheme. Under the single maturity scheme, you can choose from tenure between 19 to 60 months, are allowed 6 to 47 deposits, and can receive your maturity income payment on a single day. And in monthly maturity scheme, you can choose from tenure between 1 to 5 years, are allowed 6 to 48 deposits, and can receive your maturity income on a monthly basis.
Online loan against FD: To prevent premature withdrawals of your FD during emergencies, this scheme allows you to take a loan against your FD, for up to75% of your deposit value.
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