Maximize Your Saving by Investing in Fixed Deposits

Fixed Deposits, is one of the most popular modes of investment in India. No matter the age or profession of the investor, FDs would undoubtedly feature in every investment portfolio. Fixed deposits (FDs) are offered by banks as well as non-banking financial corporation but corporate FDs are preferred investment option as they offer higher interest rate for similar periods.

How to maximize savings from Fixed Deposits

Invest in Corporate FDs: Corporate FDs is a term given to deposits made with a non-banking financial corporation. Investing in company FDs yield significantly higher rates of return as compared to Bank FDs. But you should make sure that the company FD you are investing in is accredited as stable by rating agencies such as ICRA and CRISIL

Choose Cumulative FDs: Unless you need regular monthly payout, you must opt for cumulative option, wherein interest earned on your fixed deposit is reinvested and this way your investment multiplies

Diversify FDs over varying tenor: You should diversify your fixed deposit portfolio over varying durations in such a way that after every few days there is an FD maturing. This would ensure regular income over fixed intervals.

Features of Fixed Deposits by Bajaj Finance Ltd.

Bajaj Finance Ltd., the lending arm of Bajaj Finserv, offers investors an opportunity to earn higher returns through its Fixed Deposit. Bajaj Finance Fixed Deposits offer an attractive interest rate of 7.85% to its customers, which can go up to 8.20%, in case of Senior Citizen Fixed Deposit. With ICRA’s MAAA (Stable) Rating and CRISIL’s FAAA/Stable Rating, Bajaj Finance Ltd., has been deemed with the highest degree of safety with regards to timely payment of interest and principal on the instrument.

Investors have the option to start investing from as low as Rs. 25,000/- onwards with Bajaj Finance Ltd FD. Company accords the investors with a high degree of flexibility in terms of the tenor of the fixed deposit ranging from 12 months to 60 months.

About Bajaj Finance Ltd.

Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits and Advisory Services. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

In case of any doubt, check Bajaj Finance Reviews or feel free to directly contact Bajaj Finance Customer Care.


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