A fixed deposit has been one of the most popular investment options for investors across all ages and income levels. However, the process of opening a bank FD has known to be quite tedious. Standing in long queues at the bank, talking to the representative, submitting your documents for approval and then waiting for the approval and account activation process. All of this takes a lot of time and effort on the part of investors.
Stepping out during times like these, and visiting a bank branch to open an FD account might sound very difficult.
Bajaj Finance online FD can be booked from your laptop or smartphone without spending time visiting the company branch. It just takes a few clicks of button and internet connection to invest at your time and convenience. You can invest in Bajaj Finance online FD anytime from anywhere. Apart from convenience, Bajaj Finance FD offers a host of other benefits, such as:
- High Interest Rates
You can earn one of the highest interest rates in India, up to 7.35% with Bajaj Finance FD. This can help you earn substantial returns, both for short term as well as long term investment plans. Also, if you choose to make open an online FD account with Bajaj Finance, you get an additional 0.10% interest rate benefit. Senior citizens can avail an additional 0.25% interest rate while existing customers can renew their FD at 0.10% additional interest rate.
- Paperless Account Opening
Both existing as well new customers can benefit from 100% online application process without having to submit any documents. You can verify your identity online via cKYC. This saves you time and effort required for submission and verification of documents.
- Online FD calculator
You can access an easy-to-use and free online FD calculator on Bajaj Finance website. This FD calculator India displays total interest payout, maturity date and total maturity amount at the applicable interest rate. Thus, you can easily plan your investments as per your financial goals using the FD amount calculator.
- Easy account management
You can easily manage your FD account online using Experia- your online fixed deposit account. You can also avail online loan against FD, or go for a premature withdrawal of funds in case of financial emergencies.
- Periodic Interest Payouts
You can set the frequency of periodic interest payouts as monthly, quarterly, half-yearly or yearly, depending upon your need for cash to meet ongoing expenses. The flexibility to choose the frequency of payouts can help you sync your financial goals with the timing of the payout.
- Stability and Credibility
Bajaj Finance Fixed Deposit has been accredited with the highest safety ratings in the industry by CRISIL and ICRA- reputed third party credit rating agencies. FAAA/Stable rating by CRISIL and MAAA/Stable rating by ICRA, which have been awarded to Bajaj Finance FD, indicate the level of trust credit rating agencies have placed in their performance and repayment ability. Hence, even if the market goes through volatility, your investments are safe with Bajaj Finance FD and timely returns are guaranteed.
- Systematic Deposit Plan
Bajaj Finance has introduced the Systematic Deposit Plan, i.e. SDP which enables you to deposit a small amount every month to avail the benefit of prevailing interest rates on FD. It is an ideal option for those who want to grow their savings at a higher interest rate by investing only Rs. 5000 or more is a disciplined way. Each of your deposits is treated as an individual FD and the principal amount along with interest is paid to the depositor at maturity.
