While nearing to retirement or retired already, one should think of investing a part of their saving in a secured financial instrument like Fixed Deposit
. The advantage of investing in fixed Deposit is that it offers secure returns. A fixed Deposit encourages the healthy habit of saving and guarantees fixed returns without any anticipated risks.
Bajaj Finance, a lending and investment arm of Bajaj Finserv, is offering the best rate of interest of 8.05% for a tenure of 60 months. Bajaj Finance’s FDs are rated very high on security with ICRA’s MAAA (Stable) Rating and CRISIL’s FAAA/Stable Rating—one of the highest approval ratings in the market. Also, you can start a fixed Deposit account with just Rs. 25,000.
Features and Benefits of Fixed Deposit:
1. Stable Returns
A fixed Deposit guarantees a fixed, pre-decided rate of interest on your investment, which is credited to your account at the end of the tenure.
2. Higher Interest Rates for Senior Citizens
Senior citizens can benefit greatly from investing their life savings in a fixed Deposit, as they are eligible for an additional rate of interest. Bajaj Finance offers senior citizens FD
an interest rate of 8.30%.
3. No Approvals
Unlike high-risk investments that have to go through one or multiple rounds of approvals, you don’t need anybody to sign off on a fixed Deposit and you are free to make one when you like.
Apply for a Fixed Deposit at Bajaj Finance:
To apply for fixed Deposit with Bajaj Finance all you need to do is fill up and submit the online application form. You will then get a call from BFL representative for scheduling your document collection process. Take a print of the pre-filled application form sent to your email id, sign it, affix photographs and keep the KYC documents ready for pickup. Once you Deposit the documents with a CTS compliant cheque, you have successfully created a fixed Deposit.