Bajaj Finance Ltd. Saturday, May 30, 2020 12:30PM IST (7:00AM GMT)   (NSE:BAJAJFINSV)(BSE:532978) Invest Now in Bajaj Finance Fixed Deposits to Protect Savings   Pune, Maharashtra, India

Families today face a rare dilemma: on one hand, the past few months have led to discretionary spending and surplus cash in hand. Conversely, the economy is struggling, which translates to a decline in the average risk appetite when it comes to investments.

Households with short-term liquidity needs may risk having their fingers burnt when handling stocks. In such a scenario, judicious asset allocation is of prime importance and recent statistics show a huge uptick in fixed deposit investments, with guaranteed returns being prized over higher growth of capital.
 
In this situation, Fixed Deposit has definitely become more popular, and families have now turned to these simple investment tools to protect their savings. 
 
Assured returns with Fixed Deposit
In the past few months, the RBI has reduced repo rates several times, in order to promote higher liquidity. However, excess liquidity in the economy exerts downward pressure on deposit rates, thereby leading to reduced FD interest rates.

Amid falling FD rates, instruments like Bajaj Finance Fixed Deposit offer generous returns on maturity. In fact, regular citizens can get returns up to 7.60%, which goes up to 7.70% for existing BFL customers and up to 7.85% for senior citizens. 
 
These fixed deposit interest rates vary for customer types, and the tenures chosen by them. To demonstrate this better, here’s a table with earnings forecasted for different tenures, if a customer deposits Rs. 20,00,000 in a Bajaj Finance Fixed Deposit. 
 
Returns for tenure of 24 months 

Customer type Initial deposit Tenure Interest rate Maturity proceeds
New Customers Rs. 20,00,000 24 months 7.45% Rs. 23,09,101
Existing BFL Customers Rs. 20,00,000 24 months 7.55% Rs.23,13,400
Senior Citizen Rs. 20,00,000 24 months 7.70% Rs. 23,19,858

 
Returns for tenure of 36 months 

Customer type Initial deposit Tenure Interest rate Maturity proceeds
New Customers Rs. 20,00,000 36 months 7.50% Rs. 24,84,594
Existing BFL Customers Rs. 20,00,000 36 months 7.60% Rs. 24,91,534
Senior Citizen Rs. 20,00,000 36 months 7.75% Rs. 25,01,968

  
Returns for tenure of 60 months

Customer type Initial deposit Tenure Interest rate Maturity proceeds
New Customers Rs. 20,00,000 60 months 7.60% Rs. 28,84,638
Existing BFL Customers Rs. 20,00,000 60 months 7.70% Rs. 28,98,068
Senior Citizen Rs. 20,00,000 60 months 7.85% Rs. 29,18,305

By picking the right tenure with the FD calculator households can plan for their goals. FD interest rates with Bajaj Finance peak for tenures of 48 months or more and favour senior citizens. With a reduction in interest rates for savings schemes, senior citizens are one of the worst-hit, as they depend on periodic earnings to fund their regular needs. However, with Bajaj Finance FD, they can earn lucrative returns and continue to reap the benefits of periodic income.

With citizens withdrawing savings accounts due to low-interest rates, Bajaj Finance FD is one of the better-yielding avenues. Moreover, with the reduction of the TDS rate from 10% to 7.5% for resident Indians who have submitted their PAN details, Bajaj Finance FD can help increase earnings easily.
 
Convenience and safety of deposit
Even as depositors were rocked by a couple of recent bank crises, Bajaj Finance promises investment safety, courtesy of an environment deemed stable by high safety ratings of FAAA by CRISIL and MAAA by ICRA. These are the highest in their respective category and point to timely interest and principal payouts at the end of the tenure, which can be anything between 12 and 60 months. 
 
Amid the uncertainty, families can prime their FD investments to avoid risk and put idle funds to good use. To get started, customers can book a Bajaj Finance Online FD today, before interest rates fall. 
About Bajaj Finance Limited

Bajaj Finance Limited, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Lifecare Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Commercial lending/SME Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits. Bajaj Finance Limited prides itself on holding the highest credit rating of FAAA/Stable for any NBFC in the country today. It is also the only NBFC in India with the international ‘BBB’ with stable outlook for long-term, by S&P Global Rating.

To know more, please visit: https://www.bajajfinserv.in

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