: Get the Benefit of High FD Rates and Safety with a Fixed Deposit from Bajaj Finance #IndiaNEWS #business Finding the ideal financial instrument can be a challenge. The type of investment, the likely

Get the Benefit of High FD Rates and Safety with a Fixed Deposit from Bajaj Finance #IndiaNEWS #business
Finding the ideal financial instrument can be a challenge. The type of investment, the likely rate of returns, investment horizon, risk appetite, and market volatility are just some variables to consider when it comes to money.
Bajaj Finance offers FD interest rates up to 6. 75% p. a.
If one is looking to build a corpus, choosing a financial plan that is not affected by market movements may be the ideal place to begin. And while there are various investment options available, a fixed deposit offers the dual advantage of safety and steady growth.
Lenders such as Bajaj Finance offer fixed deposits that are stable, secure, and offer good returns on the investment. Here is what one can expect with a Bajaj Finance Fixed Deposit.
1. Attractive FD interest rates
Bajaj Finance offers one of the highest FD interest rates in the market today of up to 6. 50%, along with an extra rate benefit of 0. 10% p. a. for online investors. Senior citizens get an additional rate benefit of 0. 25% p. a. irrespective of the mode of investment.
Consider this illustration, where an individual invests Rs. 15,00,000 choosing a 3-year tenor in a bank FD, post office FD, and a Bajaj Finance online FD to compare their returns.
Fixed deposit
Deposit amount
Interest rate applicable
Maturity returns
Interest payout
Bank FD
Rs. 15,00,000
5%
Rs. 17,41,132
Rs. 2,41,132
Post Office FD
Rs. 15,00,000
5. 5%
Rs. 17,67,102
Rs. 2,67,102
Bajaj Finance online FD
Rs. 15,00,000
6. 60%
Rs. 18,17,033
Rs. 3,17,033
As the table suggests, one can take advantage of high FD rates with Bajaj Finance online FD along with a suite of other benefits.
Investors looking to fund recurring expenses can also choose to avail of the option of earning periodic payouts from the same amount and tenor by investing in a non-cumulative FD. They can select the option of receiving payouts on a monthly, quarterly, half-yearly or annual basis.
Given below is the periodic payout table for the same amount and tenor mentioned earlier:
Periodic payout options
Deposit amount
Tenor
Interest rate applicable
Payout amount
Monthly
Rs. 15,00,000
4 years
6. 41%
8,013
Quarterly
Rs. 15,00,000
4 years
6. 44%
24,150
Half-yearly
Rs. 15,00,000
4 years
6. 49%
48,675
Yearly
Rs. 15,00,000
4 years
6. 60%
99,000
This provision is beneficial for senior citizens who can plan to cover their monthly expenses using these funds.
2. Loan against FD
FD investors can quickly meet their cash requirements without breaking their FDs.