Bajaj Finance FD Interest Rate 2024: Investment options in India are gaining popularity, with more and more people realizing the growth potential. Mutual funds, stocks, gold, real estate, and fixed deposits (FDs) are among the preferred choices for investors. Among these options, fixed deposits have emerged as a favored method of investment. By opting for a fixed deposit, individuals can watch their money grow steadily over a fixed tenure, thanks to the attractive Bajaj Finance FD interest rates 2024 offers.
Fixed Deposits, also known as term deposits, are financial products where you deposit a lump sum amount for a fixed period at a predetermined interest rate.
Benefits of the Bajaj Finance FD Scheme 2024
- Consistent returns: Fixed interest rates ensure that you receive steady and predictable returns on your investment.
- Capital preservation: With FDs, your initial investment is protected, ensuring that you don’t lose your principal amount.
- Low risk: FDs are considered low-risk investments, making them suitable for conservative investors who prioritize capital preservation.
- Tax advantages: Certain types of FDs offer tax benefits, allowing you to reduce your taxable income and increase your savings.
- Liquidity: Although FDs are not as liquid as Mutual Funds, they still provide access to funds during emergencies.
- Easy investment: Setting up and maintaining FDs requires minimal effort, making it convenient for investors with different preferences.
By considering these benefits, you can make an informed decision and explore the potential of fixed deposits as a reliable investment avenue.
Benefits of investing in Bajaj Finance Digital Fixed Deposit 2024
- Now, Bajaj Finance has introduced an innovative solution to enhance the investment experience – digital fixed deposits.
- With this new offering, investors can enjoy a remarkable interest rate of 8.85 percent per annum.
- This is an incredible opportunity for senior citizens, as they can avail themselves of this high interest rate for 42 months by using the Bajaj Finserv app or website for their transactions.
- Even individuals below the age of 60 can benefit from an impressive interest rate of 8.60 percent on their digital FDs.
- The launch of Bajaj Finance’s digital fixed deposits has revolutionized the investment landscape, providing a secure and convenient platform for individuals to grow their wealth.
Don’t miss out on this incredible chance to maximize your returns. Start investing in Bajaj Finance’s digital fixed deposits today and witness your money flourish.
Experience the power of digital innovation in fixed deposits and investments with Bajaj Finance. Sachin Sikka, the Head of Fixed Deposits and Investments, highlights the game-changing features of our FD offering. Through the Bajaj Finserv App and Web, depositors can enjoy attractive interest rates, especially on FDs.
Bajaj Finance FD Calculator 2024: How it will work?
- Based on the information provided by the FD calculator featured on Bajaj Finserv’s official website, an investment of Rs 1 lakh for 42 months will yield an annual interest rate of 8.60 percent.
- At the end of the tenure, the investor will receive a total amount of Rs. 1,30,100, which includes an interest component of Rs 30,100.
- However, it is worth noting that senior citizens aged 60 years and above will receive a slightly higher maturity amount of Rs 1,30,975, with an interest rate of 8.85 percent.
As of September 30, 2023, Bajaj Finance boasts an impressive customer base of 76.56 million, with 44.68 million users actively utilizing its App platform. Notably, the Bajaj Finserv App has secured the fourth position in terms of downloads within the financial domain on Playstore in India, as reported per report.
Furthermore, Bajaj Finance has established itself as the leading non-banking financial company (NBFC) in the country, with a consolidated deposit book exceeding Rs 54,821 crore. This substantial deposit book comprises over 1.4 million deposits, solidifying the company’s position as a prominent deposit-taking institution.
Bajaj Finance Fixed Deposit Program 2024
The Bajaj Finance Fixed Deposit program stands out with its exceptional stability ratings. It has been awarded CRISIL’s AAA/Stable and ICRA’s AAA(Stable) ratings, making it one of the safest investment options available to investors. This recognition further enhances the company’s reputation as a reliable and trustworthy financial institution.
In addition to its deposit services, Bajaj Finance’s App also provides an Investment Marketplace. This platform offers customers access to a diverse range of mutual funds, expanding their investment opportunities and catering to their financial needs.