Save a portion of your salary in a Bajaj Finance online FD

With the prevailing high inflation rates and increasing market volatilities, making the right investment choice could be a challenging task. Fixed deposit is a safer bet, where your returns remain unaffected by market movements. Fixed deposit offers guaranteed returns that help you achieve both long and short-term investment goals, with lowest risk.

Investing in Bajaj Finance online FD can prove to be a smart choice as it not only offers high FD interest rates but also enables you to withdraw your savings without any restrictions once the initial 3-month lock-in period from the date of investment is over.

Reasons why you should consider investing in a Bajaj Finance online FD are listed below:

Attractive returns

You can yield substantial returns by investing in a Bajaj Finance Fixed Deposit as they offer high FD interest rates. You can estimate the returns you will get at maturity even before investing with Bajaj Finance by using the FD interest rates calculator. This calculator on the Bajaj Finserv website is designed to provide you with accurate maturity details, which are applicable to the specific combinations of tenor, amount, and FD type.

Consider this example where a senior citizen saves Rs. 10,00,000 by setting aside an amount every month from his salary. The below table shows the comparison of returns between bank FDs and Bajaj Finance FD for a tenor of 5 years.

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You can see that investing in Bajaj Finance FD will fetch almost 10% higher returns than investing in a bank FD for the same tenor.

Easy online investment procedure

With this online FD process, there is no need to wait in long queues, and as a non-senior citizen, you also receive 0.10% additional rate benefit on investing through the Bajaj Finserv website. To invest in a Bajaj Finance FD, simply visit the online FD form, verify your details, enter investment details and pay through Net Banking or UPI. Upon successful payment, you’ll receive an acknowledgement regarding the same, and you also receive a Fixed Deposit Receipt (FDR) with details regarding your investment.

Make small monthly deposits

If you don’t have a substantial lump sum amount to invest in a fixed deposit, then you can consider building your corpus with the Systematic Deposit Plan (SDP). SDP is a monthly saving scheme that lets you earn impressive returns by making small monthly deposits, starting with just Rs. 5000 every month. Every deposit is treated as a separate FD and deposit amount will be auto debited every month on the selected date from the depositors account. SDP offers two variants when it comes to payout options, Single Maturity Scheme and Monthly Maturity Scheme. If you wish to get a lump sum at maturity, then Single Maturity Scheme is a wise choice. But, to generate a monthly income from your investments, Monthly Maturity Scheme is a preferred option.

Your savings remain safe with Bajaj Finance, as it is accredited with the highest safety ratings of FAAA by CRISIL and MAAA by ICRA. Armed with this information, you can now make a well-informed decision on saving a portion of your salary with Bajaj Finance online Fixed Deposit.

Disclaimer: This content is distributed by Bajaj Finserv. No HT Group journalist was involved in the creation of this content.